Phoenix Copper Share Discussion Threads

[williamcooper104] 05/1/2024 13:52

It's not that hard to move about a thinly traded £30m cap company It's on my watchlist to possibly buy at a higher level on confirmation of good news At moment I see chances of bad rather than good being over 50 percent thus won't be paying at lower prices

[trader465] 05/1/2024 13:39

Share prices are not determined by bb posts, it’s rather naive to think prices move up or down on positive and negative posts

[cromw3ll] 05/1/2024 13:35

When so called investors are not holding and continue in moaning and making assumptions, ignoring the rns facts, well that to me screams that they are trying to load up but it has to be at a lower price...its dishonest greed.

When you have been on AIM for years you see the same games being played.

Ask yourself would you spend all day moaning on a thread that you have no financial attachment to?
So then you understand these boards are sadly rife with players and greedy dishonest posters.

Anyone who has done their research on PXC knows that there is an opportunity here, as with all investments there are risks but imo all that is needed is the Copper Bond to land and we are off to the races :-)

[copper copper] 05/1/2024 12:53

OK guys, it was a bit tongue in cheek. For the record though, I don't believe I know either of you.

[donald pond] 05/1/2024 12:14

I say I don't think I know haveapunt and that is interpreted as meaning I do know haveapunt? WTF!

I "know" a lot of the PXC community. I've presented at Mello and Proactive on behalf of PXC, I've attended multiple AGMs and functions and have spoken to many investors over the phone and via email. I was simply making the point that haveapunt was a new name to me but had interpreted the RNS in the way I would have explained it, thus saving me a job

[haveapunt1] 05/1/2024 11:52

@Copper Copper

I can assure you I do not know DP, only from what I see of him on Twitter, and on here. I have simply posted by own personal logic, taken from the company RNSs and my own experience (albeit no where near the level of what PXC are looking at!) in taking company loans.

It is my view the clues are all there in the RNS. Yes I understand we have heard it all before, and yes, a lot of question marks remain. That's the nature of investing on a regulated quoted market!

I hold over 200,000 shares in PXC at this point, and i will either be wiped out, or make a fortune. Time will tell. But for now all i am going on is logic filling in the gaps between the facts provided by the company.

[copper copper] 05/1/2024 11:47

why do I get the feeling that DP knows Haveapunt... maybe due to the strange declaration by DP they he believes he doesn't know him. What a strange thing to say!!!

[retirementplan] 05/1/2024 11:38

ORHLsw7 & boonboon: you should both take your continued repetitive drivel off-line. I really wish Telegram had a filter button. Do neither of you have a proper job to do?

[orhlsw7] 05/1/2024 11:22

That signature might have been one on the restaurant credit card receipt

[orhlsw7] 05/1/2024 11:21

The IF is getting bigger with each RNS

[boonboon] 05/1/2024 11:13

The fact is we've heard it all before. Until the bonds are signed there is significant risk.I do agree that if the bonds get done this will multi bag.Still a big if imo.

[juju44] 05/1/2024 11:06

Yawn , how many times

[cromw3ll] 05/1/2024 11:04

When the bond is finalised and that rns lands then this share will multi bag what we have here are stale derapmers who are talking the company down because they want to fill their boots....its the AIM and this is a manipulation game for some.

The facts are laid out in the rns, but yet again some try and twist it. lol.

Fact is there are not many AIM companies that have the potential that is here, dyor, all the facts and details are there for all to read and study.

[dougmachin] 05/1/2024 10:37

haveapunt1 - thanks for taking the time to add this analysis.

There's definitely 2 sides of a fence here, but your analysis of the situation makes good sense to me.

[trader465] 05/1/2024 09:56

Donald - What happened to the one signature needed last month? They are still having discussions and the directors remain uncertain of any outcome 🤷‍a94;️

“The issue of the bonds remains subject to the satisfactory conclusion of discussions with interested bond investors”

“Although there can be no certainty at this stage”

[haveapunt1] 05/1/2024 09:54

William, I don’t necessarily agree. If the bonds were only filed with the settlement agency this week/end of last then the documentation could only have been completed a few days ago is my guess. On that basis they would not be in a position to conclude anything with anyone. Just as you buy a house, you may be exchange while the solicitor carries out searches and prepares the report, but all the buyer can do is sit and wait until that process has happened before he can send the money to buy.

The big tick today for me (which I think many are overlooking) is twofold:-

1) many AIM companies would have ignored PIs and just kept quite. RW hasn’t and within 24 hours come out and updated us. (Thanks also to Donald). This should be appreciated as many would not have.

2) the bond documentation is confirmed as complete and is with the settlement agent. This agent is the one who sends the bonds to the lender and receives the money from the lender to pass to PXC. Massive tick to have it confirmed all the laborious time consuming paperwork is now COMPLETED

Arguably, and I’m no expert (maybe @Donald Pond can elaborate) but I would assume the bonds would have the agreed terms on them? I’d not what are you issuing…a blank bond?

3) the fact documentation is now complete, and this is the first time we have been told this, means it’s very close to a conclusion one way or the other. Progress is what we want, and that is what today has confirmed.

4) RF - there is more going on imo, as to give $2,000,000 on an unsecured basis means they know the potential. The new facility could also be for 2024 drilling, acquisitions, etc. it’s working capital away from the mine building

I sit here confident and thankful the board updated us as many would have shown total disregard to shareholders.

Maybe I am naive, but logic tells me it’s just a case of being patient

[williamcooper104] 05/1/2024 09:41

What I don't understand is why you wouldn't extend the RF loan while negotiating the new facilityOn the bonds it sounds like they got advanced a few months ago when funding was only a few weeks away with one party and have the documentation from that and are still flipping around looking for an attentive funder to commit

[haveapunt1] 05/1/2024 09:27

Boonboon. The issue was addressed. They haven’t extended as they are negotiating a new facility. IMO the issue of conversion is not an issue as I would imaging that was covered off as part of the new negotiations on the new facility. If not you’d just extend given its at the company’s discretion and then negotiate a new one during the extension

[orhlsw7] 05/1/2024 09:25

Well, it is a good thing that the BoD is "confident" and a couple of weeks ago "even more confident than before" and so on. The word Confident Men springs to mind after this morning's RNS.

[boonboon] 05/1/2024 09:19

They were put under pressure by investors to confirm the Riverfort loan had been extended and therefore Riverfort couldn't convert.This rns hasn't addressed that issue.Apparently from posts on Telegram.Riverfort can now convert if they want to, but the board believes they won't.

[jasperthemonkeygod] 05/1/2024 09:18

out of interest, how many bonds do they need to sell to get started? Is there a ball park for that?

$5,10,20 mill?

[misterd1] 05/1/2024 09:12

I have to say that I'm not so confident as some

Let's look at the previous RNS - with a 2 January extension.

"The Company confirms that these discussions are at an advanced stage and the Directors remain confident that the bond issue will close, thus allowing the Company to have access to the relevant construction funding when required."

Well that hasn't proved to be the case yet - so how can you simply accept the board's word?

Additionally, if the process was so advanced, then why no RNS on either the 2nd or 3rd Janaury? They could have largely said the same as today's announcement then surely?

[juju44] 05/1/2024 09:09

And more total failure to deliver but it keeps their personal gravy train rolling

[kaos3] 05/1/2024 09:06

Very decent communication by the company imho. Telling it as it factual is. In the moment.

Very good and honest and above all brave.