Phoenix Copper Share Discussion Threads

[investorman33] 22/6/2020 19:58

Pants, Bumpa must have thought you were a bouncer in a club or something !

He's now reeled things back in and said 'OXS were unlucky'

Obviously didn't have any specific comment. so why the original post from him ?

Some people !

[pantsonfire] 22/6/2020 17:41

I've posted the following on AAZ:
bumpa, you condemn OXS, but do not give the whole picture. I was also a large shareholder in OXS, and did lose a lot of money there. But the directors were most certainly not to blame, since the company was stolen from them by the government of Uzbekistan. Indeed the directors came out very well in the administrator's report, and clear of any fault. Before the theft happened, they moved the share price up from 5p to 70p, or so, from memory. That was incredible to do in the region. Only 2 of the directors from OXS are on the board of PXC. Now you know the reason that the jurisdiction is so important to us shareholders (and the BoD), as we do not want another repeat. I think the most telling thing about this question is that many of us shareholders from OXS continue to believe in these people, and are again invested heavily. I am there, and I believe Zaphod is another. Please post your question on PCX and see the feedback you will get. But if you have specific complaints against anyone, then please post it, so we can hear. If you have any other question about OXS, I'll try to help.

[onedayrodders] 22/6/2020 17:06

From memory I recall the Oxus project hit local politics and didn't end well but not before the share price spectacularly multi bagged.

surely thats an accepted geopolitical risk with all shares .. and PXC is in Idaho !

[onedayrodders] 22/6/2020 17:00

some chap not very impressed with our chances here over on the AAZ (special wan thread) with WHI in general or ex Oxus Directors.

[mad foetus] 22/6/2020 16:47

Wow, great to see a respected poster here, I've taken a nibble

[seagreen] 22/6/2020 15:48

goldrush not a total surprise if Linekear nips a crisp pass into the back of the net first

[dave4545] 22/6/2020 12:04

Wait 1-2 hours for the delayed buy that has upped the bid and offer today

[investorman33] 22/6/2020 12:03

Agreed news likely this week, or possibly next week (ie before the end of June/very start of July as they cannot allow presentations to US to contain material info not already released - and no point in presenting news which is months old, Phoenix needs to report new stuff).

So expecting to hear everything available - drilling updates on Red Star and Empire high grade goldzone and even anything on the exploration on the Navarre Creek gold zone, plus anything else noteworthy.

However timing is not solely down to Phoenix - it takes circa 6 weeks to get things through the independent assay labs, and plenty of scope for delays there too (through covid affecting staff availability, reagent availability etc).

And once we get first RNS, there should be a stream of them with luck every few weeks until pretty much the end of the year, so its not even the first RNS which is important, its the cumulative results of the next half dozen or so which are - Fingers (and everything else) crossed as Goldrush rightly says.

[goldrush] 22/6/2020 11:04

ODR

The news should start soon and it could come intraday due to bulk of the preparation of information being done in USA. As I said last week with the Co presenting at the Hardman event on the 9th July in 2.5 weeks time....I am sure they would have planned to have various bits of information released to the market well before then.

With gold, silver and Copper all showing strength....the Red Star drilling and focussing on the silver therein should give us the boost we expect.....fingers crossed....IMHO

[onedayrodders] 22/6/2020 09:36

I hope the drilling news starts this week

[pantsonfire] 22/6/2020 09:00

TEN REASONS WHY I LOVE PHOENIX
1. The business is located in a favourable jurisdiction, Idaho USA. In the January 2020 world risk report issued by the “mining journal”, Idaho came top of perceived low risk
2. They have a very experienced team, able to manage a complex ore body, so they can easily take advantage of market changes. They also have a solid plan for how to achieve production.
3. The site has no environmental problems, and no legacy issues.
4. They have two quality targets for near term production. Red Star (silver and lead) and the open pit Empire mine, for copper and gold.
5. There is additionally excellent potential for gold in Navarre creek, a Carlin style mineralisation, plus claims in the Cobalt belt at Big Horn and Redcastle. These are all good projects in their own right.
6. The value of metal in the ground at the Empire open pit alone, as a confirmed M & I resource, is just short of $1 billion. That’s ridiculous for a £15 million company
7. Research by WH Ireland shows fair value at 34p/sh, whilst unrisked the fair value target would rise to 140p/sh. These values ignore the surrounding mineralisations.
8. “Commodity risk is low” “Sovereign risk is low”, “Market Risk is low”, “Operating Risk are low-moderate”, “Project execution Risk is low”, “Permitting risk is low”
9. Phoenix is very competently navigating the process from explorer to developer to producer, with first production expected for end 2021. They have stated that finance is under control, and they plan to complete this phase of the project with minimum dilution.
10. Phoenix is potentially sitting on a huge mineralised system, and their consultant geologist has stated that they have explored perhaps only 1% to date. There may be a larger prize at depth – perhaps a large-scale disseminated base metal deposit. This system could be worth several and even many billions of dollars.

All sourced from Phoenix RNS issues, WHIreland Research May 2020, Hardman Research May 2020

Now my opinion. The BoD have a plan to complete the first phases in bite sized chunks, for which finance is eminently doable. This is a very complete project, presently severely undervalued. When the market wakes up, the share price is going to move up several fold, and when they enter production it could be 10 times higher, even more a possibility.

[pantsonfire] 21/6/2020 14:08

Warning: bravobbi is spam. Do not open for it will take you to a paid site.

[pantsonfire] 21/6/2020 14:06

I want to repost a message from Olderandwiser on LSE, as the message he gives is so important:
Start
I'm always suspicious of the argument for buying a resource share because you can get a $1bn value for just £15mn, or some such figure. AIM is littered with the graveyard of the dreams of multi bags based on the false premise that a leads to b, or as near to it as possible. Reason? Never takes account of said minnow raising the necessary financing to realise the dream without diluting to Oblivion.
End
I responded saying that fellow posters here have done a lot of research about this company, looking forward. We know from the researches that the company has been largely derisked, and I have specifically made calls to the directors, and have chatted through the way forward, and particularly finance. I feel the routes they have described to me, and in particular their goal to achieve production with minimum dilution are realistic and achievable. Could I suggest you also call to the directors, and then report back to us? Then we’ve got your vision looking forward. Have you read all the recent RNS’s and researches? They do map a realistic and positive way, taking this project forward in bite sized chunks.
My message here, listen to Olderandwiser, and do research before you invest. For PXC, my research shows this company to have been largely derisked, with the BoD are on track to bring this company to production without further significant dilution. I would urge anyone with questions to raise them to the directors, who are generally very accommodating to respond.

[dave4545] 21/6/2020 12:30

Well spotted.

I think the 50k seller is just somebody who has stock from the placing banking a nice safe profit. It's £3000 each time they sell a 50k block..nice for them

[mackaythenoo] 21/6/2020 12:18

I see that a buy went through late Friday on the US OTC market at $0.383 (31p). Seemed strange as the ask was $0.32 for most of the day as far as I recall. Might mean something, might not.

[mabel 123] 20/6/2020 10:11

Divmad,

There seems to be some confusion between VAT and CGT.

It is possible to live in the UK and buy silver bullion coins VAT FREE.

There are 2 places that I know of that sell silver bullion coins without the 20% VAT.

One is mad4silver.co.uk and the other is silvertogo.com

However, on selling the said coins, most are subject to CGT at whatever is the rate at

the time.

Coins of the realm are exempt from CGT, presumably because they could be regarded as

currency. The silver and gold Britannia is exempt and the Sovereign is also exempt.

Bars, rounds, coins from other countries all will be subject to CGT on selling.

The other thing to bear in mind is you must take delivery of your physical and make

your own storage arrangements - specifically not in a bank or with the supplier.

If you can't hold it, it isn't yours.

mabel

[divmad] 20/6/2020 05:17

Mabel, silver bullion coins are NOT vat-free in the UK. Only gold ones are.

[trad3m3] 19/6/2020 12:54

https://m.youtube.com/watch?v=O1hCLBTD5RMhttps://m.youtube.com/watch?v=WEMCYBPUR00I've attached two links as I know the taste in music is different for everyone...

[trad3m3] 19/6/2020 12:46

10k for sale!! Take few quid for the weekend last chance!

[trad3m3] 19/6/2020 11:15

Cora Gold also opens mine by the end of 2021 another coincidence...?

[trad3m3] 19/6/2020 09:13

So if last time fed pumped 800B and this time 7-10T will the price of gold and silver be 7 to 10 times higher in the future is this the unimaginable height that everyone talks about?

[trad3m3] 19/6/2020 08:51

Yes coins are the best