Phoenix Copper Share Discussion Threads

[aussiebeach] 25/4/2020 13:32

Very encouraging week indeed !

[goldrush] 25/4/2020 12:58

Well that was a bit better week !!

Some drilling results probably are only a few weeks away and should be good. That hopefully should give us the momentum to get past the 15p funding price IMHO.

20p would give us a market cap of GBP 10 million, which would not be very demanding, if our exploratory drilling expands our silver resource as expected, the mine will get built pronto and lead to a further revaluation of the company.

[aussiebeach] 24/4/2020 13:17

IG want 13p for 50k Dave.

If you can get any at 11p your doing well.

[dave4545] 24/4/2020 13:13

I can buy at 11p chaps !

mid price

[aussiebeach] 24/4/2020 13:11

Only £3k available at 12p then higher.

[wealth_creator] 24/4/2020 13:05

Nothing better than a good old fashioned market maker squeeze.

Listed at 40p now 12p to buy.

You decide.

[dave4545] 24/4/2020 12:23

I got some at 5.9p last week but I also paid 11.8p first entry price.

Somebody sold around 200k for 4.5p a day before new tax year so you presume they were banking the loss otherwise it was a crazy low price to sell at.

Nice to see normal service resume and offer still 4p below recent placing price

[thecoyone] 24/4/2020 12:22

Cancelled my limit order at 10p reset at 11p and still will not fill, they do not want to allow anyone in at current levels it would seem.

Good luck if your broker can execute.

[aussiebeach] 24/4/2020 11:51

IG have £3k of shares sitting there at 10p then full offer of 11p, large premium of 12.25p for 100k

True free float is probably less than 5m shares, well poised for a major move.

[zaphod99] 24/4/2020 11:44

So what stands Phoenix apart from it's peer group of miners?Located in the safest, lowest risk, most mining friendly jurisdiction in the world as per Mining Journal's annual risk assessment survey.Straightforward, fast-track path to production, low capex, no licencing issues expected, minimal dilution, experienced team who've done it all before and who've brought mines into production in far riskier locations than Idaho.Serious backing by wealthy high net worth individuals.They know they're sitting on a massive orebody of both base and precious metals.The 2 early projects i.e. Red Star and the Empire open pit projects are simply the easiest quick win, low capex routes to some seriously impressive cashflow to allow the more serious stuff below to be explored, proven and exploited, much of it on patented land.Less than 1% explored so far.US produced cobalt becoming increasingly attractive at a time when the Democratic Republic of the Congo which produces 70% of the world's cobalt, plays hardball and raises taxes and royalties for foreign miners.Phoenix have 2 cobalt prospects in Idaho.Massively undervalued but hopefully not for much longer.

[aussiebeach] 24/4/2020 11:14

thecoyone

Doubt you will get filled at 10p, IG want 11p for just £800 of shares.

Looks like the market makers are in trouble here, the unexpected demand has them on the back foot.

This will be above 10p by end of day, next week could even be 15p+, there is no stock.

[observer007] 24/4/2020 09:27

Buyers returning, great value proposition in my book, only £4.5m market valuation - $2m in cash, recently raised at 15p a share.

Very tight float, 52m shares issued.

Dropped from 17p-18p on exceptionally low volume.

[thecoyone] 24/4/2020 09:13

Have placed a limit order at 10p but cannot get it filled.

These under radar stocks can offer great returns, fall from mid teens looks well overdone.

[dave4545] 24/4/2020 08:56

Back to full 10p offer

Thought that day would never come when people were selling as low as 4.5p recently

[aussiebeach] 24/4/2020 07:38

At the time of this announcement in October the shares were trading around 17p, the current 9p price represents a great entry point.

Phoenix Copper report identifies high-grade mineralisation at Idaho prospect

[investorman33] 23/4/2020 23:18

Pants



Worth saying that in the long term silver prices tends to follow gold prices, so with gold prices being re-rated that will also feed through to silver prices.

Only reason that the silver/gold price ratios is not closer is that silver in addition to being a precious metal (ie store of value) which is gold's main use it also has wide use in industry (used to be mainly photography but now much wider) and medicine - topically viruses cannot survive on either silver or copper.

And in short term silver will be Phoenix main revenue stream, so the knock on effect of re-rating gold price should be very positive for silver when its being produced.

[wealth_creator] 23/4/2020 22:04

Useful summary

[zaphod99] 23/4/2020 21:55

https://www.kitco.com/news/2020-04-23/Silver-prices-to-push-towards-20-in-12-months-Bank-of-America.html

[meanreverter] 23/4/2020 19:41

Pantsonfire: The gold is at a very low grade (0.28 g/t), and contained in the 0.49% copper ore. The plan is to heap-leach the ore with sulfuric acid. This will extract most of the copper and leave the gold in the tailings. To extract the gold would require cyanide in a separate (expensive) plant, which simply wouldn't be economic even on a much larger scale at this grade — let alone any consideration of how the extra capital might be raised.

That said, I still think that PXC is great value at 9p. I would buy more if I had the cash right now.

[observer007] 23/4/2020 15:40

I sense a full on share price rebound in the offing + hardly anything available online.

I noticed the shares were taken down from 15p on very low volumes, worth noting !

[space_dust] 23/4/2020 15:11

Accumulate quietly and reap the rewards.

The recent premium $2m raise at 15p a share says it all, no idea why it is trading 6p below that, they are well cashed up and only selling on a EV of £2.5m.

I suspect the market makers have no shares on book - makes the rebound even more dynamic when it comes.

I am surprised the traders have not latched onto this.

[deuchar] 23/4/2020 12:46

As I have said before this is a 10-20x bagger over 2years

[aussiebeach] 23/4/2020 12:42

The reason the spread is wide is due to low volume, this will narrow quickly if interest returns as I suspect it will.

Low liquidity gives early entrants a great chance to benefit from the upside which will happen, this could return to 15p+ in a flash.

[dave4545] 23/4/2020 12:30

Shame the spread is always awful

8.04-9.89 I mean come on

You cannot trade this stock, you either believe the story and can hold for a while or do not touch it. Needs a 20% rise to break even when you buy

[zaphod99] 23/4/2020 12:28

Silver commentaryhTTps://www.kitco.com/news/2020-04-22/Investment-demand-to-drive-silver-price-to-19-World-Silver-Survey-2020.html