Phoenix Copper Share Discussion Threads

[pantsonfire] 26/5/2020 08:48

I've just looked at the buying/selling history. Friday selling £4,000 pushed the price down 7.5% (if I remember correctly), today buy £5,000 has pushed it up over 10%. There may be some hidden sales/buys, but if correct, this shows that when this share gets heard of this share is going to move very fast.

[pantsonfire] 26/5/2020 08:42

I'm not so sure dave. I think that the majority of shreholders here are long termers who see the genuine potential, and are determined to hold out till they have got their 10 bagger. But we've also got our profit takers, who when they opt out depress the share (cf Friday), since there are not that many shares in circulation. But these are quickly scooped up (like today), it is now on a long term trend up, and despite the short term bumps it's going up and up....

[dave4545] 26/5/2020 08:13

Out of the trap this morning so must be a delayed buy which we might have to wait a while to see.

[onedayrodders] 24/5/2020 22:52

Yep I've read one .. need to read the other.

Hope to join the PXC club next week or the week after depending on very risky short term trade coming off elsewhere... hope it's before the good news starts to flow here.

ODR

[investorman33] 24/5/2020 22:09

Rodders

Glad you are a believer, but worth reading the WH Ireland and Hardman reports to get a decent overview of Phoenix as part of your research.

Plenty of newsflow to look forward to, hoping to hear the next drilling results (first of 20 next holes in Red Star in a couple of weeks.

[onedayrodders] 24/5/2020 21:49

Jurisdiction, all true ... however, same could have been said of AAZ a few years ago.

ALTN (1.5p) have only just received some major new equipment following bank loan funding.
So the revenues you quote will hopefully be in the rear view mirror and its all about the next quarterly production report and consistent growth. I believe ALTN are 70% family owned so aligned with all shareholders.

Got to spread the love and not put all eggs in one basket.

No need to sell Phoenix to me .. I'm a believer.

ODR

[investorman33] 24/5/2020 14:44

Rodders

Some jurisdictions such as Kazakhstan have big political risk, and political risk fundamentally means you can lose all or part of your investment (and I've got the scars to prove it) - Idaho USA is the exact opposite, probably most mining friendly jurisdiction in the world.

And Altyn has just published results showing revenues of US$15m (down from $20m previous year) so a long way away from 100,000 ozs of gold pa.

Phoenix via Red Star project should have revenues of more than double Altyn's current revenues directly it goes into production (2021) providing drilling continues to show same kind of resource that first 3 holes did (highly likely as drilling is along a known vein system where surface samples has shown good grades) - drilling results will be announced from next month onwards with resource announced Q3 after which US$ 25m will be easy to raise.

After that there is the much bigger Empire project with a billion dollar resource, should be easy to finance once Red Star is in production throwing off circa $10m+ pa, (or maybe even $20m ish pa) free cash flow.

[onedayrodders] 23/5/2020 19:37

pants... Good post and unreal potential here should the drilling results come good in the next weeks and months. I'm interested in the early silver play here as want to increase my silver stocks.

I own a long established producer IMPACT SILVER (IPT) to gain instant leverage to the price of silver, but wanted and explorer with a small market cap and exciting short term drilling and path to production.

I've only seen one similar opportunity to PXC in terms of tiny market cap compared to prospects and that is ALTN, they are all tooled up after recent loan finance and a great turnaround story and already a producer targeting 100k ounces per year of gold.
Company recently said their prospects and share price are at an inflection point.

ODR

[onedayrodders] 23/5/2020 19:23

I think a few may be chasing the Covid winning lottery tickets short term.

Not invested here yet ... on my watchlist

ODR

[pantsonfire] 22/5/2020 15:35

The Covid situation has turned our world upside down. I wonder if there is a “silver lining” for Phoenix. Let me explain. In times of massive expansion in money supply, people turn to gold, since printing money surely leads to inflation, whilst gold will hold its value. And this is a long term impact, which won’t kick in immediately, but which is pretty much inevitable.
Meanwhile, I’ve been taking a look at the long term trend in gold to silver ratio (just google it to see). The peak was reached last month at about 114, and has already come back to 100. If this dropping trend continues, and the ratio drops to something nearer the 100 year average, of about 60, whilst Gold holds its own, or even increases, then Phoenix is sitting on a proverbial gold (and silver) mine. Look at the Hardmann research by Paul Mylchreest, issued this week, and in the investment summary, it states “PXC’s share price is highly geared to the upside thesis for silver (and copper), with each $1.00/oz adding an estimated 6.2p-6.3p/share̶0;.
This is a back of the envelope calculation here, with many assumptions, which I feel are reasonable in these unusual circumstances, but if gold reaches say $2,000 dollars/oz, and we arrive at the long term average Au/Ag ratio of 60, then that will place Ag at $33, and the consequent share price from the above formula at approx 85p. Note that this excludes any benefit from copper, or indeed from the wider resources, which let us not forget have a value of approx $1 billion even as we sit here and muse. If gold goes higher, then the gold resources become even more valuable.
In these difficult times, I suspect that this share may give one of the best returns available in the market.

[dave4545] 22/5/2020 15:06

Doubt the fun is over on the back of one £4k sale and a big shake...the mm's do this all the time but when the stock runs dry they always run for cover

[pantsonfire] 22/5/2020 14:33

Strange. I'm at a loss to understand all the buys and sells the last days. The company has been pretty good at keeping developments quiet, and with the drilling taking place in Idaho, under Covid conditions, I would have difficulty to imagine that there is any news coming out of there. The next significant news has to be on the drilling results, and that's unlikely to be out till June, or so the company said. I'm going to guess that these sales are profit takers, who seeing that the share price has not increased by 50% this week, have just taken their gains. And that's their prerogative. But in my opinion, that's also their potential loss into the longer term, when most people who closely follow this stock expect it to go up maybe 10-20 times.
Happy holidays all Phoenixers.

[deuchar] 22/5/2020 14:07

Oh dear the fun is over for the time being

[dave4545] 22/5/2020 14:06

Massive shake by one sale below the bid for 20k at 20p

Laughable at how many mm moves that caused

[goldrush] 21/5/2020 12:53

That's more like it !!

A 90,000 purchase at 23p this morning at 8.32 a.m.

[zaphod99] 20/5/2020 20:38

Fear of dilution may have scared away some potential investors here but the board have always maintained that the financing will be primarily DEBT rather than equity based.Mine construction financing can even be 100% debt so it's wrong to assume punitive dilution is inevitable due to the low market cap.Waiting until the financing has actually been raised may seem like a sensible, cautious approach but by then, the ship will have long since sailed.

[investorman33] 20/5/2020 14:56

Manouk2

Broker notes confirming previous expectations of circa $25m -$30m to put Red Star project into production and they think it can be done mainly by debt by itself, maybe small number of warrants, so no 3rd party investor required.

Would be worth another read of the broker notes as most independent info available. And obviously no guarantees - by the time this is guaranteed share price may well be multiple times current price !

[pantsonfire] 20/5/2020 09:43

No need SeaGreen. I agree, I can't get over the exceptional value that this company represents. Look at the resources in the ground. Listen to the management, and the positive noises they're making. This is today a company valued at £11 million, with approx $1 billion of identified resources. that's crazy man! Just crazy! Anyone dropping in, can you explain to us why you are not buying?

[seagreen] 20/5/2020 09:09

364 and 365........I will get on the naughty step appologies...then its ridiculously good long term value lmao

[manouk2] 20/5/2020 08:42

Once the initial drilling is complete, and on the basis that the outcome is really positive, how much needs to be raised to enable the metals to be recovered, and will this be better achieved by a fundraise of considerably more than the current market cap or by a partnership with a third party? Presumably the board is considering this---hence the broker notes and company presentation warm up exercises

[investorman33] 19/5/2020 19:07

Uncanny - Silver bobbling around the US$ 17.40 price, whilst gold doing the same at US$1740 price at the moment.

Makes the ratio pretty easy to calculate though !

[goldenlady] 19/5/2020 14:52

Seagreen, let’s get this right, please. The market cap is today not far from £10 million. That represents a real bargain considering all the resources and the professional and mapped out plans leading into production and cash flow. I guess you made a typo, but I feel it worth reinforcing the scale of this opportunity. This company could be worth a billion in just a few years. I’m a newcomer, but every way I look at this I see good signs. My money back perhaps in weeks, then freeloading into mega profit.

[goldrush] 19/5/2020 14:05

seagreen

The current market cap is only £11m not £20m.....that's where we should be on good drilling results....🤞🤞

[seagreen] 19/5/2020 13:56

People get a tad fixated with the share price and not zero in on the market cap ~(currently only £20m)~ if the initial silver production funds the gold effort ,,,it could then bring on the copper when the world recovers etc.....with careful planning this could be a 50 to 100 bagger over 5 to 10 years.........But mining is not straight forward ...(although the copper percentages are a tad exciting for the future)......

[goldrush] 18/5/2020 21:07

On reviewing the Presentation here are a couple of points which I particularly like and are new, highlighting our emphasis on gold and silver-

1) Slide 4 Empire Pit
- Drill High Grade Gold Zone July to October.... then PEA Q4.

2) Slide 4 Navarre Creek Gold Zone
-Geochem and Gephysics June to October

3) Slide 7 Highlighted Lenie Wilkie ESG Programme Coordinator
- This is great PR that a prominent local environmentalist is a leading light in our development. There are going to be some wonderful media articles etc as this moves forward. All part of getting the community involved and picking up USA shareholders IMHO