Phoenix Copper Share Discussion Threads

[trader465] 12/1/2024 18:14

A lot of naive steadfast buyers here are foolishly compounding huge losses on huge position sizes. Why would anyone compound a loss on an individual AIM stock? Especially one running out of cash.

This man talks a lot a sense, newbies should take note….
Averaging Down vs Cutting Your Losses?

[williamcooper104] 12/1/2024 11:48

Yep in effect it's underpinned by the share price/market cap not the assets of the company

[kaos3] 12/1/2024 10:18

haveapunt ...

2 of the posters told you that you do not understand the mechanism of the so called death spiral riverfort loan.

the name death spiral tells you in poetic way why such a loan does not have to be secured.

no one had a go against you at least i did not.

and when i am at hints ...

go look at the term ... risk adjusted value, besides the term - death spiral loan. might help.

and the clever ones are silent and smile. wich make me stupid and un wise... here we agree - about my self

[bumpa33] 12/1/2024 10:15

i guess ignorance really is bliss 🙄🙄

[bumpa33] 12/1/2024 10:07

What are you talking about?

[jasperthemonkeygod] 12/1/2024 10:06

bit moronic to use $PLUSCOIN to boost your post though, Bumpa33

lost a bit of cred there?

[kaos3] 12/1/2024 10:05

do you understand the mechanism...

hence it has no need to be secured ....

[bumpa33] 12/1/2024 10:05

God give me strength, I can do many things but educating morons is clearly way beyond my skill set…

You really do have no clue what you’re doing eh?

[kaos3] 12/1/2024 09:59

bids, miri, palm, ccs etc... list is endless

i am in that observing camp too.... rather buy derisked and more expensive

[bumpa33] 12/1/2024 09:54

”I’ve been in AIM years and I’ve never seen an “emergency placing” let alone at 50% plus discount.”


You must have had your eyes shut ffs!


Any raise would need a minimum of £4m just to clear Riverfort and provide a little working capital going forward. But who in their right mind would give any more to a company that’s never kept to anything they’ve ever promised?

Even if they managed to get one away it’d likely wipe out existing equity.

[williamcooper104] 12/1/2024 09:44

If they were to do a placing today it might be at 10p But if they leave it the share price will fall such that either the placing is at 2-4p or it just doesn't happen

[williamcooper104] 12/1/2024 09:43

I'm in same boat at Trader I'd buy at a higher price on confirmation of financing But 10-15p without financing not attractive If they don't arrange financing they will run out of money so it's a distressed placing or more RF death spiral funding

[trader465] 12/1/2024 09:42

Risk/reward is different for everyone, it’s not based on a price level, it’s based on the risk/reward of each position size relevant to account size. At 15p or 10p the downside risk is >50%.

If financing is announced I’ll build a 2% position with a 50% stop, my risk is then just 1% of account.

[bsg] 12/1/2024 09:39

IMO there will be an 'emergency placing' in the not to distant future. May be at 10p.

[sportbilly1976] 12/1/2024 09:32

Trader - so you would ONLY buy PXC if financing was announced?

There's not a price where risk/reward tips in favour of buying some....say 15p/10p...and if your 'beware' posts encourage some to sell and push the price down for you to enter...that is just a collateral benefit??

[trader465] 12/1/2024 09:32

It’s rather foolish and naive to invest cash in anything based on an investment bb or telegram group

[retirementplan] 12/1/2024 09:21

So, not holding stock. Thinks the company is poorly run. Yet keeps popping up to warn naive investors how poor an investment PXC is. Got to ask yourself why trader465 bothers. Got to ask yourself would you trust him/her or your own, thorough, research.