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PXC Phoenix Copper Limited

24.25
-0.25 (-1.02%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Copper Limited LSE:PXC London Ordinary Share VGG7060R1139 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.02% 24.25 23.50 25.00 24.50 24.25 24.50 492,097 09:01:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -1.54M -0.0123 -19.72 30.3M
Phoenix Copper Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker PXC. The last closing price for Phoenix Copper was 24.50p. Over the last year, Phoenix Copper shares have traded in a share price range of 10.125p to 38.50p.

Phoenix Copper currently has 124,928,622 shares in issue. The market capitalisation of Phoenix Copper is £30.30 million. Phoenix Copper has a price to earnings ratio (PE ratio) of -19.72.

Phoenix Copper Share Discussion Threads

Showing 38351 to 38371 of 39650 messages
Chat Pages: Latest  1538  1537  1536  1535  1534  1533  1532  1531  1530  1529  1528  1527  Older
DateSubjectAuthorDiscuss
18/1/2024
08:30
Well someone is happy to keep taking 50,000 at this price
haveapunt1
18/1/2024
08:25
after all this time i would suggest that plan B and C do not exist any longer. because if they would... B or C would just buy the bonds after all. i hope i am wrong but if the first one does not perform i will go to the ready next one and so on
kaos3
18/1/2024
08:24
They're going to have to have a placing ...
bsg
18/1/2024
08:21
Mkt cap still £19m - there’s a long way down to go.
bumpa33
18/1/2024
08:12
Stock offered everywhere. Quel surprise…
bumpa33
18/1/2024
08:09
I feel conned re the false talk on bonds
deuchar
18/1/2024
08:01
i also see a pattern of many AIM companies

they do the right talk and perform very professional until money flows freely. ESG, plans, drilling, paper produced etc ....

but do not ask about time specific productivity and delivered results - material mined and sold and flowing cash to the owners.

not of an investors business asking management questions or debating decisions.

big shareholders jump appologetically /which is natural as they really think all is ok, hence they invested/ and the strenght of the argument is not necessarely ratio but it is the size of shareholding

kaos3
18/1/2024
07:55
well - many asked for the pfs and they got it

so - professional reaction

---------------------------------------------------
not mentioning bonds will jinx the situation and the net RNS result will be perceived negative

and the line about self determined timing is just screaming about it all

kaos3
18/1/2024
07:48
Pattern emerging .....old guard mgt teams not being able to deliver anything sustainable ,ARS ,TLOU, PXC etc etc

Could have raised enough funds when by doing conventional placings to show some intent.
Dilution is sometime necessary to progress....

sos100
18/1/2024
07:37
Richard Wilkins (allegedly) quoted here on 24th October:

"...Ryan does not need money to start sourcing equipment for another 3 weeks or so, when the updated economic model (which looks good) will be ready."

Such a hugely missed timeframe, judging by today's RNS.

saucepan
18/1/2024
07:33
“My guess is they can’t get the bonds away”

well done Einstein…

bumpa33
18/1/2024
07:32
My guess is they can’t get the bonds away

New loan facility for working capital emf of Q1 (24 match facility ends), early Q2 issue feasibility and then re try market in summer. That would explain timings recently and need for working capital

haveapunt1
18/1/2024
07:32
I think he’s trying to quietly slip into the ether…
bumpa33
18/1/2024
07:28
lol where’s DP with the spare pen and positive spin?
trader465
18/1/2024
07:22
They will want to boost the share price somehow to get a placing away, guess they'll have to resort to Director comments on X for that...!
hubs
18/1/2024
07:15
Another 6 months for the PFS and mine plan, no update on the advanced discussions in regard to the financing, one would have thought that was their priority, but evidently not
trader465
18/1/2024
07:06
A welcome RNS re feasibility over the coming months but still silence on all financing fronts, including the bonds.

Feels a bit like they are struggling with getting the bonds away which is why they are now having to finalise the economic model into Q2 (which coincides with the new loan facility) and then try tempt the market again but this time with a completed model

As much as I hate to say it, that’s how it is starting to feel

haveapunt1
17/1/2024
16:52
Trader465 lost a lot of money with AYM so he is bitter. Perhaps he needs to go back to his ladyboy harem and relax a bit with his mates.
klondykejohn
17/1/2024
16:24
Yet we have the diehard trader “warning people” yet doesn’t hold any stock here, looking for an entry as he has openly said. Always find if pretty sad to keep trashing a stock that you don’t hold and see no value and all risk.

Very sad some people when it comes to these boards. They see no value, big risk, slate the board, yet still appear to show an interest in the company. Odd.

Then again the name should say it all.

haveapunt1
17/1/2024
15:54
Plenty of cases of confirmation bias going on here with PXC diehards 🤷‍♂;️
trader465
17/1/2024
15:48
In the absence of bond news I can see this drifting back to 12p/13p.

In the current environment I simply cannot see this outfit getting their bond issue across the line, those that follow AIM can see recent examples of companies who have secured funding only for it to be withdrawn or worse still the cash not being delivered as anticipated, see BMN as a recent example.

Given the circumstances the share price has held up quite well, PXC is in dire need of cash and it looks like they are going back to Riverfort for it, such a provider is toxic to the market.

Ultimately if the bond issue does not come there will be serious equity dilution down the road, a raise IRO of 10p (or lower) cannot be ruled out.

The stock is falling for a reason.

the_debt_collector
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