Phoenix Copper Share Discussion Threads

[kooba] 28/1/2024 11:04

It really doesn't make sense that they could get anyone to fund this without a PFS in place ..normally you would need a full FS or Bankable Feasibility in place for funding..all they have after years of spending money is a PEA published in 2020 there are normal steps in getting a development funded and Phoenix are not much off the first step from the looks of things.

[jbravo2] 28/1/2024 10:49

He doesn’t ask the right questions then.
It doesn’t add up that the PFS is finished and just awaiting a signature, but that the writers won’t let them share the data. Really? As you say, have they not been paid?
Donald previously said it doesn’t make sense to pay extra to expedite that signature. He said that just before they issued shares at 11p.
If you were raising cash via shares you’d pay them an extra 6 figure sum for that signature, to publish the PFS, to raise the share price, to then issue the shares.
Just another thing that makes no sense.

Like them claiming they’ll buy equipment with part of the $2m they just raised. Really?
Why?
Where and when are they going to use that equipment?
Just something else that doesn’t make sense.

That usually means it’s just not true.

[bigboyblue] 28/1/2024 10:37

I presume DP's posts reflect what he is told by the directors. I don't think he can be blamed for that, although I suppose at this stage in the company's development it is legitimate to question whether his post is a luxury they can afford (obviously I don't know how much he's paid).

Yes, there have been many comments/hints/half-promises and they have all, without exception, failed to materialise. We have to ask whether they were being deliberately misleading or merely overoptimistic. I subscribe to the latter view and continue to hold, although with less confidence than previously. If/when the finance lands I personally would welcome a change to under promising and over delivering rather than the opposite, especially with regard to timelines.

[kooba] 28/1/2024 10:35

Or is the 0.5% something to do with not having permitting in place and they need some comfort around that to sign off. There is obviously an issue beyond your narrative of the evil consultants saying no.

[kooba] 28/1/2024 10:33

"But the consultants won't let us publish those figures."What is this nonsense? The company pay the consultants to do a body of work why in gods name if the work is done and you have seen it does the consultant have a right to refuse the company the right to share with its shareholders?Have they not been paid?

[kooba] 28/1/2024 10:29

DPYou really should stop digging"Funding does need one signature. At least one source of funding told us everything was agreed and it just needed final sign off. It's been very frustrating As for the PFS, I've seen the figures we will plug into it. So it is very nearly complete. But the consultants won't let us publish those figures. I've never misled anyone."

[kooba] 28/1/2024 10:27

Boonboon i did not know about the FD on telegram ..i don't follow on that platform. But if that was the reason for the recent spike at the end of last year it should be reported to the FCA ...it very much makes it look like a pump and dump type operation..pi's bought in on that incorrect information...who was getting out??

[boonboon] 28/1/2024 10:22

I didn't ask if they wanted to. I asked if they could. That's a very different question.

[donald pond] 28/1/2024 10:20

This is the point though Boonboon. You ask the same question over and over and don't accept the answer. You asked if Riverfort could convert: I told you that I had been informed they did not want to. I was right.Yesterday you asked about whether someone was an insider. I said - factually - that unless they had traded with inside knowledge it didn't matter. I was right And yet on and on you went asking the same question.Funding does need one signature. At least one source of funding told us everything was agreed and it just needed final sign off. It's been very frustrating As for the PFS, I've seen the figures we will plug into it. So it is very nearly complete. But the consultants won't let us publish those figures. I've never misled anyone.

[kooba] 28/1/2024 10:16

You just posted that you were trying to stop negative post on telegram and belittling shareholders is not really your job is it.Your role was to improve investor relations with the board of the company and sentiment i would gather. How's that going?What price were the shares when you were engaged and is the drop entirely down to negative posts or down to the company completely failing to meet investor expectations that they set out?

[boonboon] 28/1/2024 10:11

You couldn't even answer a simple question that was previously asked about whether Riverfort had the option to convert you kept dodging it. And finally came back with something that basically meant they could at the time.

[boonboon] 28/1/2024 10:10

The funds will be there when Ryan needs it within around 3 weeks.Straight from the finance director.The price spiked on that and subsequently dropped back. Lots will have made and lost money based on that comment.

[kooba] 28/1/2024 10:07

Comments like the one signature ..or recently that the PFS is 99.5% done and imminent obviously are going to influence peoples actions thinking positives are just going to happen ..when this does not transpire one must question the intentions behind such posts ..anyone who might have held on or bought on these kind of comments has a right to be aggrieved. I also think with a company like this blaming shareholders for undermining confidence and poor share price is the most laughable thing ever ..it is the complete lack of progress and delivery in the company's strategy that is the reason..trust has gone out of the window and whatever was the potential upside it has just been diluted massively and may well again if RiverFort play the hand against equity holders. Company comms is not a game ..and there should be accountability for misleading investors.

[donald pond] 28/1/2024 10:07

I've never gone off piste or tried to stop negative posts. I'm not even a controller on the Telegram board. I have been consistent in stating that the challenge for the company is to raise bond financing and that the board remain confident that will happen.That remains the position. I have not ramped or said anything dishonest. I have presented facts in a positive way and presented the opinions of others as just that - opinions.

[kooba] 28/1/2024 09:52

Boonboon i think you are quite reasonable in posting your opinions on social media. I think the problem with social media is when companies engage IR representatives that go off piste and try to stop views that are not positive and put their opinions out there as official comms..there is undoubtedly a reason why most companies wisely steer clear of such activities as the MAR boundaries become blurred. Opinions of parties engaged in marketing for a company should stick entirely to information in approved rns' and the public domain , just reinforcing official comms , this has not been done here and the company through a marketing representative has often strayed off official comms and that might well have influenced investors in their actions. It is probably a matter for the FCA to look at to be fair..but any paid for material whether it be paid for research or social media posts by their representatives , the company is responsible.

[klondykejohn] 28/1/2024 09:10

Boom, you are so negative.
Martin Hughes has kept faith with the Company throughout all the negativity that you and similar people keep on posting.
yes, Jbravo, I did read the rns and no, I am not drunk. I do not need, nor do I drink alcohol.
Rather than trying to belittle my contribution why can`t you stick to giving some factual comments.
Yes, we are all frustrated about the delays, but as you say boom, getting the bonds over the line will multi bag the current share price so we either stick it out or we leave. No point in continuously trying to undermine the BoD.

[boonboon] 28/1/2024 08:12

BTW I still don't understand why you don't resign if you really care companies being fair and open to shareholders as you claim you are.So many broken promises and timelines. Not just on the bond financing.

[boonboon] 28/1/2024 08:07

Oh and "unofficial" company representatives warning me a week before the placing that my posts are harming the shareprice is a bit suspicious too.

[donald pond] 28/1/2024 08:05

In all seriousness boon, why don't you move on? Find something you do have faith in and then invest in that. But going into a telegram board and posting the same negative view perhaps a dozen times a day is a waste of your time. Put that time into researching stuff you might want to invest in

[boonboon] 28/1/2024 07:59

Oh and my opinion is hurting the shareprice in the companies opinion.It's not the fact that you continually miss timelines or have had to raise when you said you weren't looking to dilute.Let's see what happens on or before the 26th of February as that is now the next important deadline.

[boonboon] 28/1/2024 07:57

You were belittling shareholders. Great job for an ir representative.You continually failed to grasp the overriding feeling of a large portion of investors.Part of the post you posted was factual. Part was an opinion. That's why I posted a poo emoji. You basically said beliefs aren't inside information. So saying something will happen imminently and within 3 weeks is absolutely fine in your opinion. It just shows that we can't trust anything you or the board says unless it's 100% factual.