Is there still a closed period in operation here Donald?
the silence from Marcus & Richard is speaking volumes to investors. |
boonboon, I agree that appears to be the market assumption.
I'm not sure what you expect the company to do. We have a relationship with NIU and sometimes there are things in relationships that have to be kept private until they are resolved one way or another. The market, as you say, has drawn its own conclusion. |
Donald, you said to me that full DD was done on NIU and that the contract was 100% watertight to the funds they will inject so, if that was even remotely true, how can they now decide to not put in any further funds when required to do so?The fact that you are also looking elsewhere for immediate funding says everything and the contract is an absolute waste of space. |
Surely the board has put an internal deadline to NIU to put up the money and if they haven't given us the money by then this should be communicated to shareholders.The assumption the market is making is that NIU aren't going to provide funding. |
Fair enough. But you get the message.
Nobody is satisfied with this, and we are doing everything we can to improve things. |
Donald, you don't have any laurels to rest on. |
I recorded the Company's corporate presentation this week and it should be on the website as soon as we finish editing it.
I am not aware of anything material to report: if there was the company would have issued an RNS.
The position with NIU remains as stated: they tell us they are fully committed to the project but have not as yet provided additional funding. When either of those facts change the market will be updated.
In the meantime we are doing exactly what you would expect: minimising our costs and considering all options that will bring value to the company. We are not resting on our laurels. |
Sad and tragic. Something is majorly wrong, and they aren't saying anything, cant face the music! If it turns into a legal wrangle with NIU, it's all over. |
Yep, well under. |
Oh it will have to be under whatever the current price is |
They'll probably have a placing at these prices soon, to keep the lights on. |
A message to the BoD. You need to come out of hiding and face the shareholders. Your behaviour is disgraceful. I have recently watched a podcast featuring Donald Pond and Marcus EJ; both performances were just awful; the latter either had jet lag or just wished he was elsewhere. Richard Wilkins' interview two months ago with their PR BlytheRay was heavily scripted and avoided discussing NIUs missing drawdowns in any detail. RESIGN! |
Where is Donald Pond / Foetus in the brain / whatever other monikers he has? |
If it was capitulation the large trades would have NT and not happened......so someone must be hoovering them up...IMO |
Has to be a news leak, |
some capitulation sized trades going through - 699k! |
not looking good, what is going on, bond troubles? gotta feel for holders! |
Very small quotes to take stock off you over 5p.
4p looks more likely than "possible" |
sp trickling down to 5p. Hope good news is forthcoming soon or 4p looks possible |
Cheers trader |
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. |
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