There are some Private Investors with Large holdings....who seem to "know" a bit more what's going on with PXC. They do not appear to be selling......the 1% of PXC share-cap traded today so far.............has to be not them......we would know about it and it would be a lot more than 1%...and probably NT to sell!
I therefore will continue to hold.....I've topped up to my limit recently...if I were braver I expect I'd see today as a real bargain price to buy!
GLA |
Konnex, the operating subsidiary of PXC have had over $37m in loans to fund expenditure on Empire. What has that money been spent on, and more to the point - what do shareholders have to show for it? Not a lot. Directors though, well that’s a different story. |
Kooba - this co. don’t play by the rule book. You should realise that by now. |
General disclosure of price sensitive information11. An AIM company must issue notification without delay of any new developments which are not public knowledge concerning a change in: its financial condition; its sphere of activity; the performance of its business; or its expectation of its performance,which, if made public, would be likely to lead to a substantial movement in the price of itsAIM securities.hTTps://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies.pdf |
This is a disaster |
Time for R Wilkins to stand down, even if he manages to pull a rabbit out of the bag. The ongoing long term silence from the BOD speaks volumes. And Donald should go to. I do feel for Ryan, 5000 miles away trying to build a mine with no money. |
Unfortunately if this goes down the legal route (as they keep and insinuating the legally obliged line), this could go down to pennies. IMO There is a big problem with NIU, i think everyone knows it, 4 months on and they still havent stumped up the cash.
There are some big holders with 1 million+ shares,and with no liquidity, if they choose to cut loose, it will drop big time.
So sad for genuine holders,hope it turns around for them 🤞 |
I think he got suckered by Wilkins Jb2, he even once mentioned that other disaster of his GRL and went as far back as the OXS days. Either that or he was another WHI lackey 🙄 |
He reminds me of the fella who did the big visit to HUM and wrote up a glowing appraisal of the outfit. He then sold out asap into the rise he helped create and disappeared.
POF even managed to find a fall guy in the form of donald.
Sweet. |
PXC is enough to set anyone's pants on fire |
whatever happened to Pantsonfire…
incinerated? |
they are offering the most important support there is in existance - a full moral support |
I thought that was meant to be NIU ...so far their pockets don't appear that deep though..hopefully some overdue clarification on where the funding is this week as we get to that 5 months from agreement signed mark the CFO says is binding. There is a difference between NIU being supportive and actually providing the agreed funding. |
The objective is indeed to exploit the deeper sulphides and the open pit is to provide the funds to do just that.....but if someone with deeper pockets could help accelerate things...?? |
The project proposed here is the open pit, a new operation. We know zero about restarting the old underground workings.IMHO! |
no replies....enthusiasm gone....hope that signals the turn up? |
 I would have thought with this company if they were going to get $25m of funding from the bonds under the legal subscription agreement within 5 months of first drawdown as we were informed by the CFO ( ie within 5 days) then the share price would be reflecting that positive development as currently the market is obviously very concerned about funding judging by the reaction to the news of the delays with the results and the prevailing weakness.It's now 6 weeks from the unsurprising and rather dull PFS and over a month since the PXC interims coming clean on the delays which prompted..."Cevdet Caner, founder of NIU Invest SE, reiterated NIU's confidence in Phoenix Copper's operations, stating: "NIU Invest SE confirms that Phoenix Copper Limited has our full support. We are in the process of reviewing the information in the recent feasibility study and expect to resume a revised drawdown schedule in the near future.""https://niu-invest.com/niu-affirms-support-for-pxc/But as the CFO has informed there is a legal obligation so no worries!! The CFO also said the firm schedule shareholders were given was merely indicative and clarified the legal position (next 5 days.) so it's unclear why Mr Caner is talking of a revised drawdown schedule anyway.I'm sure it will all be explained and resolved by 5th November. |
Does anybody know what % of the mining permits required by the co are approved and active? |
Down in the 8p`s now. So sad to see shares trading this low. |
I would not understand so long you know pxc what you think of report |
They've recently released a several hundred page technical report, perhaps start there! |
I know nothing like being told |
Is that the extent of your research m8? Do you simply require a yes or no from a complete stranger? |
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