Does anyone know anything about KPX Holdings co., A subsidiary of PXC.
The only KPX that is coming up is a Korean company worth a lot more than PXC.
Cannot be the same Company. Just curious. Could it be Konnex Phoenix Copper? |
Every buy is getting cheaper than the previous ones. Someone is dumping a large number to create this supply. Not looking good at all. |
I have not seen this before London07, but if this is a generalisation about posters` comments, then it is not far off the mark.
Once again though, I ask the question "where is POF". He has gone very, very quiet in recent months.
The shares have finally dipped below the 6p bench of this month and the negative sentiment could drive the share price even lower.
A big worry for investors. |
 Is this a new function on ADVFN? Just got this summary when searching for the share chat here...
Discussion Insights
Recent investor discussions surrounding Phoenix Copper Limited (PXC) have revealed a concerning sentiment regarding the company's future, particularly in terms of funding and operational viability. Notably, several investors expressed skepticism about the company's ability to secure necessary funding without resorting to dilutive actions or additional debt, with comments highlighting that "funded, it survives. No funds and it goes to the wall," indicating a bifurcation in perspectives regarding the impending financial situation. The company appears to be at a pivotal crossroads, with opinions suggesting that Spring 2024 will be a defining moment—suggesting that failing to secure funds by then could lead to insolvency.
Financial discussions have pointed to an underlying crisis, with statements such as "unless there’s a material change in their cash balances, they won’t even make it to 2026," reflecting the urgency of their cash position. Particularly concerning is the sentiment around potential funding sources, like NIU, with one investor questioning the feasibility of lending money for an unpermitted mine, indicating deep skepticism about the company's operational plans. Investors echoed the need for clarity and transparency from the Board of Directors, with some even labeling the company as a "basket case," underscoring a pervasive lack of confidence in PXC's leadership and strategy.
Overall, investor discourse has painted a bleak picture, with strong calls for responsible management practices and urgent funding solutions. Several investors also highlighted the disconnect between the company's presented optimism and the harsh realities of its operational challenges. A resonant quote from the discussions captures this sentiment: "PXC have promised much but in my opinion delivered very little." Investors seem to be on high alert, awaiting any signal that could justify their ongoing stake in what many currently deem a precarious investment. |
What happened to that Donald Pond guy? He seems to have gone quiet recently. I seem to remember him ramping this at 60p a while ago!Sad to say but this has the hallmarks of WTI (weatherly) which was a popular copper producer that went bust many years ago. Good luck to anyone holding |
I got crucified and threatened by the when I warned about the permit and funding issues with this project. What say the Cheerleaders now? Or have they all mysteriously disappeared with their tails between their legs? |
I guess they might be laying the usual breadcrumbs on the telegram account, but it seems like they have now stopped even pretending anything is happening? |
Now looking a race to the bottom for both Wilkins charges, PXC and GRL with the latter providing yet another kick in the balls this week. The guy shouldn’t be allowed anywhere near the mkts let alone anyone else’s money. Seconds left in the 4th quarter, 4th and 20 and Hail Mary time for the (un)likely lad… |
The writing is on the wall... No permit yet (after nearly 4 years since submittal) despite the Cheerleaders continuous insistence that operation is "right around the corner." The only thing mined to date is the pockets of the poor chaps that invested in PXC. Sad. |
I suspect that it's more likely to be best case a dilutive equity placing or else admin Or a little more debt from someone which then only means in time admin becomes more likely |
No doubt, the BoD will continue to draw their salaries until spring.
Spring will become a major defining moment for the future of PXC.
Funded, it survives. No funds and it goes to the wall and small shareholders will sadly lose their money as liquidators are called in.
This smacks of similarities to HZM, who went to the wall, and they were 65% getting the plant and machinery assembled. All down to management "hiding the facts". |
Not sure it really matters if there's a payment or other default under a credit agreement as they will likely have run out of money before their creditors can enforce |
Phoenix cropper another 20 k up the tubes or rather stuck in the pipe |
Unusual since the CFO has referred to the project as fully funded and not to worry about NIU this looks like a slideshow for a full development funding presentation..why else?Maybe that reflects the real underlying confidence in NIU coming up with further funds?Maybe NIU has realised this is quite a marginal economic prospect without the sulphides which have yet to be defined.Difficult to know what NIU game is. |
never forget this detail kaos3
Though Phoenix’s constitution incorporates the requirement for shareholders to disclose their holdings of voting rights in accordance with the United Kingdom Financial Conduct Authority’s Disclosure Guidance and Transparency Rules Sourcebook (“DTR”), as a BVI incorporated business, statutory disclosure of significant shareholdings may be different and may not always ensure compliance with the requirements of AIM Rule 17...
eg ... i am navigating in the fog |
Niu aren't even mentioned on the new website. Very strange if they have a legally binding contract with them. |
mc is 12mil
affordable for anyone who is a player even considering the premium. |
The question you have to ask yourself is why would anyone in the right mind lend a company 80million to build a mine that is not even permitted yet.A plan of operations needs to be submitted and unlike the last time in 2021 needs to be complete.Best hope here is niu lend them some money to buy or merge with a small producing mine operator.be very suprised if theres not a placing here to keep the lights on shortly.GLA |
We will , including the board I guess , find out what NIU are up to in due course...whatever legal agreements are in place if they will not meet the commitment then they are in breach ...PXC I figure can only be in breach and risk the secured asset if they fail to meet interest payments ...unclear what of the $5m has been spent and what might have been held in escrow to meet those payments ..but for the time being they should be fine.As things stand though could end up in court as NIU received 24% of the company for the $80m agreement and so far have failed to agree a new draw down timetable and only made $5m available.Were they bluffing it all along hoping to bring other investors in but keep the equity ?? Or has something else changed?? |
yes - but niu can vote the present people out as and if and when they wish on egm.
so present people will be cooperative or not
some people are like sharks. luckily mr Cenar is a panda or koala or a sloth maybe. so there is nothing to fear.
bod made a good copper bond choice imho |
Or NIU has received shares without fulfilling its legal obligation to provide funding according to a contractual timetable. Should the relationship break down, there would appear to be opportunities for one to sue the other and the other to counter-sue. Very costly and time-consuming. You would think both parties would try to avoid this outcome. Unless NIU has set up the contract to exploit a financially vulnerable partner. |
Realistic time frame for permitting is three years.If empire is mined again in my opinion it wont be until 2027/8 at the earliest.Pxc have no money so who is going to want to merge with them.Pxc have promised much but in my opinion delivered very little.GLA |
imho mr Caner has not enough capacity to fund and steer 2 mines from almost zero. which confirms to me there will be some chance assets flip flop - legally complex - in his porfolio
he best mines rule of law i assume |
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