Phoenix Copper Share Discussion Threads

[zb27] 23/4/2024 13:24

If anyone missed it.
Not saying it's in anyway related to PXC, but very interesting.

US Government has just provided $50m to Rainbow Rare Earth's to develop a mine in Africa!

With the geopolitical situation, US need domestic supply of all metals urgently!

hxxps://www.cityam.com/us-set-to-fund-london-listed-rainbow-rare-earths-mining-project-as-china-battle-hots-up/

[juju44] 23/4/2024 12:10

Why not remove the board immediately . They have always had a negative impact on prospects

[qs99] 23/4/2024 11:24

Given the copper price rise and holding up v.well, IMO would have thought the bond issuance would have gained more strength no?!

[bsg] 23/4/2024 11:04

Sounds like a pump and dump coming. Bonds, no chance. They'll just survive with placings now.

[soulsauce] 23/4/2024 10:20

Good to see finally sportbilly long may it continue.

[sportbilly1976] 23/4/2024 10:18

2+ month price breakout

Small steps but hopefully, finally out of the 10.5-12.5p range

[sipptrader88] 23/4/2024 10:12

Somebody just bought nearly £13k PXC and at 13.84p!!

[zb27] 23/4/2024 09:56

PXC hit 39p only 6 months ago on a slight hint of Bond news coming! Many don't realise the small free float in play.

With PFS and Bond news anyday now, with the whole project unlocked, I have absolutely no doubt the share price will easily roll past Nov 23 highs.

With Copper price and Gold price 📈, based in US, it's practically right resource, right place, and right time. If they deliver, easy multibag 💰💰💰 from these levels.

[sportbilly1976] 23/4/2024 09:11

I agree that a rise to 30p pre funding won't happen...there are always leaks and people who become aware...so imo we could see 15p

Funding itself I'm sure sees the share price back up to (and past) the Nov'23 levels, with a more sustained rise following the PFS and other (if good) drill results.

Given the economics in the forthcoming PFS, as it moves closer to production, through permitting etc this is when we see the share price steadily approach the 100p level etc.

[3weeksorso] 23/4/2024 08:58

"Few years back, could never ever have imagined PXC at 12.5p on the cusp of funding news"

This is most certainly not a good thing

"Before any news lands IMO we will March up in the 30s"

There is literally no chance of this. IF financing is procured, only then will we see a share price rise 30s. The wishful days of a 100p share price or more are long gone until the mine is making money

[zb27] 23/4/2024 07:36

I wonder what price targets people have when PFS and 1st tranche of the bonds are delivered??

Will be interesting to know who the bond holders are? I reckon we have a few surprises lined up.

And once the news embargo is lifted I assume we will get all sorts of pending news delivered.

Before any news lands IMO we will March up in the 30s, like a few months back, as the leaks start happening, and then the game changing news lands, we could easily see 60-80p.

At this price its all about accumulation. Few years back, could never ever have imagined PXC at 12.5p on the cusp of funding news.

Next few weeks will be exciting.

[sipptrader88] 22/4/2024 23:28

well now ......POF here as an inside outsider (LOL) Donald Pond 6 tick ups and no trolls responding......bit of price action.....someit's going down guv......lol

Hope so!

[donald pond] 22/4/2024 16:18

It's also fair to say that the company hasn't been able to communicate much as clearly everything depends on getting the funding arranged and publishing the PFS and that's all anyone wants to hear about. But the potential that got people excited originally is still there.

[sipptrader88] 22/4/2024 15:50

good summary RetirementPlan!

[retirementplan] 22/4/2024 15:09

No easy answer. Likely $80m. $25m minimum to unlock any further RiverFort capital, should they wish to access that. The bonds are about 18 months overdue. This is the reason the share price is so low. Company guidance as per RNS is that they are confident bonds will be subscribed to, but (clearly) they can't promise this. A large group of investors/traders don't believe they will close, or intend to wait until announced or they are certain it is really imminent. There is also a relatively large stable shareholder base who are LTIs, underwater & waiting (some patiently, some angrily). I think bonds and PFS will both be out before the AGM (see my post from earlier today on LSE - InTooDeep999). Time will tell. Hope that helps.

[cyberbub] 22/4/2024 13:49

Just looking in here.What is the stated timeline for closing of the $25m bond issue?Thanks

[broken_arrow1] 22/4/2024 12:29

Volume kicking in here, I recall PXC has always been a leaky ship.

Not much stock on offer currently either.

[deuchar] 22/4/2024 08:09

POF I thought you despaired like me that PXC was a busted flush - welcome back where there’s life there’s hope

[retirementplan] 21/4/2024 22:34

Good to hear you are still here PoF. Only posting to welcome you back. The run up to the AGM will be watched carefully by many. Got my tickets, and holding onto them 🙂.

[klondykejohn] 21/4/2024 20:56

Nice to see that you are back pants.