Phoenix Copper Share Discussion Threads

[seagreen] 18/1/2024 17:03

skip post 10191 tis what I think but Mr Maximize he say no

[haveapunt1] 18/1/2024 15:10

Well I am now out, at a loss. I have faith in the project but it feels too much like more is going on and bumbling along without much of a plan. Will reconsider position on clarity, but for now it’s about protecting capital and not witnessing another SXX or SML fiasco

[trader465] 18/1/2024 13:36

Obviously. Holders here have been riding the price up and down and down and up, madness.

[jasperthemonkeygod] 18/1/2024 13:22

thanks, Jesse Livermore

we didn't know that

[trader465] 18/1/2024 13:06

The smart holders have handed their shares to the less smart. Cutting losses and running winners is the name of the game …whether you believe the “story” or not is irrelevant. Capital appreciation is what is relevant

[cromw3ll] 18/1/2024 12:14

The weak holders have handed their shares to those who will hold them more tightly, so its nice bit of churn. Accumulation name of the game...if you believe in the story.

[trader465] 18/1/2024 12:08

I see the CEO of EDV was fired for 5.9m misappropriation of shareholders cash. He isn’t the first and won’t be the last to shaft company shareholders for personal financial gain.

[klondykejohn] 18/1/2024 11:59

The RNS was a bit nondescript. It was really going over old ground with nothing new coming through the pipe, other than another delay in proceedings. Oh well, let`s hope the markets see nothing untoward in Ryans` statements.

[sipptrader88] 18/1/2024 11:27

SP seems to be going back up...suppose over 400k of buys within the last 40 mins hasn't harmed!

[klondykejohn] 18/1/2024 10:55

Inclined to agree sipp.
"Thank you for your terms, but here are our terms."
Eventually, there will be some common ground and a deal can be struck, but in the meantime, PXC will have to re-do the maths.
It does not help that the world is in turmoil at the moment, but copper will become scarce and safe mines such as this will be like gold dust.
In the meantime, let`s see a salary reduction from the BoD. Justify the enormous salaries guys or take a big cut.

[sipptrader88] 18/1/2024 10:41

All the same there is no point paying a coupon on the bond finance when you're not ready to spend the capital yet.

I still think there is someone "bigger" than us pulling the strings here.....

.....and they need more testing of and info off the Economic Model to maximise final PFS profitability etc.

If I am right all will be good and well rewarding!

It's almost as if someone is saying a big YES but not your way PXC....OUR WAY!


Ryan says ".....Mining is a long-term, capital-intensive business, and we believe the time spent on optimizing the mine plan and processing design at this stage can bring significant financial benefits to the project over the life of the mine....."

GLA

[kaos3] 18/1/2024 09:30

ot
- a 3 min clip for non holder, bears only ....

[orhlsw7] 18/1/2024 09:15

They are delusional

[the_debt_collector] 18/1/2024 09:12

PXC management are nice individuals but so were Micheal Masterman at W Resources and Toby Bradbury at Rambler and look what happened to those companies !

[seagreen] 18/1/2024 09:07

boonboon time will tell I do not do Telegram...

It just made sense to me to have implied that additional info may be required to produce a Plan of operation prior to finance of this magnitude being completed back last year..,,,then they would have avoided this pr disaster....everyone will forget about it when it is completed anyway

[williamcooper104] 18/1/2024 09:03

Yep doubt they can get the bonds away without the economic modelAnd can't get that model produced before the RF loan matures So the companies solvency is likely at the behest now of RF Question now if they could get a placing away unless it was accompanied with the bonds - eg needing equity to be able to draw down the bonds Else it's just pouring good money after bad

[the_debt_collector] 18/1/2024 09:00

Exactly as my recent posts have suggested, they cannot get the bonds away, need more time to get the economic model in place, are running out of cash, indebted to Riverfort by $2m (which is about to be increased) and sky high $1m BOD renumeration, not withstanding other G&A expense, probably another $500k.


In all a sorry picture, the current £19m m/cap flatters them.

122m shares in issue.

[festario] 18/1/2024 08:58

Trader, I can name a couple of CEO's who do exactly that, it's disgraceful.

[williamcooper104] 18/1/2024 08:52

And why not wait until after the RF loan maturity to produce it

[boonboon] 18/1/2024 08:51

Not according to Donald on Telegram.

[seagreen] 18/1/2024 08:48

Still confused why I got castigated by Lord Haw Haw aka "the maximizer" for sugesting a bond finance of this magnitude will surely require a PFS amd/or the final Plan of Operation to initiate the permit application....

[williamcooper104] 18/1/2024 08:47

It's more likely just incompetence/naivety/over confidence than dishonesty

[fozzie] 18/1/2024 08:46

Loving all the great posts from people who hold no stock here. Thanks for all your concerns 😜

[trader465] 18/1/2024 08:44

Anyone who believes the CEO of a listed company is posting anonymously on bb’s, social media or a telegram group needs to give their head a shake