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PXC Phoenix Copper Limited

19.25
0.35 (1.85%)
Last Updated: 09:13:02
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Copper Limited LSE:PXC London Ordinary Share VGG7060R1139 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.35 1.85% 19.25 19.00 19.50 19.50 18.50 19.50 568,662 09:13:02
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -1.55M -0.0124 -15.52 24.05M
Phoenix Copper Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker PXC. The last closing price for Phoenix Copper was 18.90p. Over the last year, Phoenix Copper shares have traded in a share price range of 10.125p to 38.50p.

Phoenix Copper currently has 124,928,622 shares in issue. The market capitalisation of Phoenix Copper is £24.05 million. Phoenix Copper has a price to earnings ratio (PE ratio) of -15.52.

Phoenix Copper Share Discussion Threads

Showing 39526 to 39549 of 39550 messages
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DateSubjectAuthorDiscuss
23/5/2024
08:24
Also in the rns:

""In addition to reporting the Navarre Creek drilling results, I would like to provide a brief update on the feasibility engineering for our Empire Open-Pit Mine. We recently reported that the Company's corporate copper bond issue has been fully subscribed for a principal value of US$80,000,000, which will be drawn down and used for the construction of the open pit mine and processing facility.

While this funding will not have an impact on the mineral reserve estimate or the metallurgical and design engineering completed to date, it will provide the Company with the opportunity to outfit the open pit operation with lower-cost, pre-owned equipment. Much of this equipment has already been identified and is currently located within a 550-mile radius of the Empire Mine. The purchase of this equipment is expected to have a material impact on overall initial and sustaining capex, as well as on certain aspects of the process design detail, construction logistics, and the overall equipment procurement schedule.

We have already procured pre-owned ball mills, assay laboratory equipment and disk filtration units, at an estimated capex reduction of US$8 million. These items all form an important part of the feasibility work, which is now being updated accordingly." "

sportbilly1976
23/5/2024
08:05
The presentation itself won't be recorded but I will speak to the board about how to share the message
donald pond
23/5/2024
07:56
Can shareholders remotely access your presentation this evening after the event? It's good that the presentation shared with the investor event will be available to share holders in due course i guess.
kooba
23/5/2024
07:50
I'm presenting today at Mello. There won't be any new information but the updates presentation will be on the website in due course
donald pond
23/5/2024
07:44
Thanks DP one for the bottom draw then i guess for now. I note the company are presenting today at some investor shindig..slightly surprised at the timing so close to the opportunity to present to their shareholders directly at an AGM but I'm sure they thought that through.Is there likely to be any new information on the economics of the development and timetable before the AGM as you indicated everything would be open and be explained to shareholders then ..and there still appears little to go on the cost and delivery side even with the uncertainty around funding apparently now resolved favourably?
kooba
23/5/2024
07:34
Spot on DP.
soulsauce
23/5/2024
07:33
I think you seem to forget that is what these carlin type deposits are, high tonnage low grade.
Lots of companies making big money mining this stuff near by.

soulsauce
23/5/2024
07:31
Navarre Creek is a huge site and is full of surface anomalies. Whenever you drill 28 holes in a 4,000 acre site that has never been drilled before the results will only give the barest hint of what lies beneath. This is the first step in a long process of understanding what is the source of the extensive surface alterations you can see all over the area, and does it present in the form of a resource that has commercial potential. It is one for the future though, the priority now is Empire
donald pond
23/5/2024
07:29
One word. Pathetic.
bumpa33
23/5/2024
07:16
"..worthy of further follow-up."Not sure on the commercial nature of those grades happy for those with a better mining knowledge base to explain the significance.
kooba
22/5/2024
17:43
Sportsbilly

The other way to look at it is (and its very crude) the average ebitda is about equal to our current market cap (or might be circa 125% of market cap assuming 100% conversion of all outstanding warrants etc).

But either way, any investment where annual earnings is anywhere close to market cap means market cap needs to go u by a decent multiple, whether that's 4x, 6x or 10x !

Might take a little time to get there but that's fine by me.

investorman33
22/5/2024
16:16
So $250mln over 8 years...very crudely $31mln per year.

average EBITDA multiple of 6-9x would put the valuation around the $180-270mln (£144-£216m) range...Which is a £1.20-£2 equivalent share price currently

sportbilly1976
22/5/2024
15:51
nothing to be afraid of. there is enough value for all

go go go

kaos3
22/5/2024
14:20
...and that is just the Empire Open-pit mine which pays for the rest...

No wonder NIU have invested.

roysterboyster
22/5/2024
14:15
Their LinkedIn post, and the press release attached also has the following:

"In May 2024, Phoenix released its inaugural reserve statement for the Empire Open-Pit Mine, reporting proven and probable reserves of 10.1 million tonnes containing 49,677 tonnes of copper, 104,000 ounces of gold, and 4,654,400 ounces of silver, amounting to a total of 66,467 copper equivalent tonnes. Whilst the company is making strong operational progress in multiple exploration projects, the reserves of Empire Open-Pit Mine alone shall assist the company in generating revenues of c. USD 550m and EBITDA of c. USD 250m over its expected mine life of c.8 years. "

sportbilly1976
22/5/2024
14:10
The strategic partner NIU-Investments seems committed enough to the deal to be broadcasting it to the investment world through Linked-in. Please see the link here, just posted in the last hour or so.

hxxps://www.linkedin.com/posts/niu-invest_we-are-investing-80-million-in-the-2023-activity-7199011653558878208-Aa5O/

Bearing in mind their business model requires deal-making on an ongoing basis, this would be a stupid thing to advertise if the intention is to stuff PXC shareholders, as has been suggested by some (no names!).

I for one am sleeping easy in the knowledge this finance deal is done and the mine is being built and, more importantly, I own PXC shares!

Highly competent people are at the PXC helm and the short journey to production is one to just enjoy.

roysterboyster
22/5/2024
06:13
Missed the dinghy more like
rainyrain
22/5/2024
01:07
Transparent.. Clearly some have missed the Boat.
paulhopeful
21/5/2024
22:36
From PXC listing particulars"ExGen to retain a 20% carried interest until the production of a bankable feasibility study - ExGen then participates or dilutes;"So that could be interesting I guess...without a BFS do ExGen just retain 20% and do not have to participate??https://phoenixcopperlimited.com/Company%20Presentation/2017_AdmissionDocument.pdfPage 74.
kooba
21/5/2024
19:34
"ExGen to be paid US $100,000 on each anniversary date of the earlier of the Phoenix IPO or March 31, 2017 (the "IPO Anniversary Payment") until the completion of a bankable feasibility study on the Empire Mine Project.""Phoenix to spend a minimum of US $500,000 on the Empire Mine Project every 12 months until completion of the bankable feasibility study."Without digging too deep a BFS is used in the agreement with ExGen on the original transaction. It seems a key trigger point in the agreement...and nothing to do with banking finance.Not sure I can be bothered looking at the full terms that trigger ExGen development contribution for their 20% ..if anyone knows or can provide link would appreciate.
kooba
21/5/2024
19:11
Good grief you guys..I own shares have done for a while I have stated it's not a massive position as it's a speculative counter ..I have a number of mining holdings. I have also stated I have not bought or sold any stock recently as at current levels the risk reward does not warrant so.Writing your own thoughts on my positions is amusing but fictitious. I have explained how I look at things and don't plan on wasting my time justifying to everyone who thinks they know whether I am short, no position or looking to buy...you are all wrong and grabbing at straws.IM , As to BFS ...that is what is required by our minority holder to avoid some small ongoing payments it appears ..as to whether it triggers other commitments under the sale contract I haven't established yet...you are confusing BFS with actual Bank lending . The BFS is a high benchmark of DD used in the industry and the investment community to derisk projects and enable clear investment decisions..simples.
kooba
21/5/2024
18:50
Dear Kooba

Yes, my first post on this BB. You're welcome. Remember, it is not quantity but quality that matters. The arguments I have made make sense, of course.

I presume from your stance portrayed in the various posts you have made today that you are not holding any PXC shares anymore. Yet somehow you seem very interested in such a doomed situation...

Is your finger poised over the buy button by any chance? There would be no other reason for you to be posting here. If so negative, you would sell as it will only get worse and you would have gone away. The fact you have not means you are ready to buy the dip you are trying to create.

Everyone can see that.

Good evening all investors. It's transparent, is it not.

roysterboyster
21/5/2024
18:46
Kooba,

Bankers offering Traditional mining finance want :

1 A bankable feasibility study
2 Their lenders terms to be agreed - and I have yet to see any of these banks offering traditional bank mining finance without a hedging program to be agreed
3 There will be documentation which includes a detailed financial model (based upon BFS) and including a details of precisely how cash generated from sale of metals is used, and that primarily ensures the bank is repaid its loans as soon as possible.
4 etc

All these documents form the documentation needed to get banking finance - so the BFS and hedging are inseparable when it comes to banks offering traditional banking finance. You cannot get the finance without all these suite of documents

Its being a little obtuse not to accept that point.

Whereas with finance offered through issuing bonds or via a royalty company, there requirements and documentation do NOT typically include either a BFS or hedging



Re the principal behind the company providing the bond money, I said my internet searches could not find any CCURRENT court cases against him, and nor could I find he has actually been convicted of any crimes - that when you posted an article from 2022 saying lots of allegations against him (a lot seem to be from a short seller called Viceroy who may have their own axes to grind ?).

Please point me to articles showing :
1) Any convictions from a court that the Principal has - I could find none
2) Any current court proceedings against him - I could find none

Its a matter of English law that if a man is found not guilty he is therefore innocent of the charges brought against him,

Many thanks

investorman33
21/5/2024
17:32
small secret ... want to meet them ... they are at the Kitzbuhl downhill each winter most of the times. might go there myself with a new perspective.
kaos3
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