Phoenix Copper Share Discussion Threads

[kooba] 29/4/2024 08:32

Seems someone knows judging by the price..is there some social media release i have missed or just the usual front running news?

[kooba] 29/4/2024 08:27

Official financial advisors and brokers!
For a £20m market cap company!!

SP Angel Corporate Finance LLP (Nominated Adviser)
David Hignell / Caroline Rowe / Kasia Brzozowska

Tel: [phone]
Tavira Financial Limited (Joint Broker)
Jonathan Evans / Oliver Stansfield

Tel: [phone]
WH Ireland (Joint Broker and Joint Bookrunner)

Harry Ansell / Katy Mitchell
Tel: [phone]
Panmure Gordon (UK) Limited (Joint Broker and Joint Bookrunner)

Mark Murphy / Will Goode / Joseph Tan
Tel: [phone]
EAS Advisors (US Corporate Adviser)

Matt Bonner / Rogier de la Rambelje
Tel: [phone]
BlytheRay
(Financial PR)
Tim Blythe / Megan Ray
Tel: [phone]

[donald pond] 29/4/2024 08:19

"Plethora of advisors".Just as a matter of interest, do you know how many advisors you need to engage to produce a compliant PFS?It's not just Ryan making estimates you know!

[kooba] 29/4/2024 08:14

Thats the PFS that must be out tomorrow then?Would be interesting to see how much of that money went directly to progressing the project and how much went to central costs and the plethora of advisors the company has on retainer. Progress has not been commensurate with the cash spent. Empire appears a pretty straightforward project..why the cost and time spent? JAN 2021We believe these continued evaluations will be beneficial to our overall project, and we expect the initial results of this optimisation process to be published shortly, as we advance towards a Preliminary Feasibility Study as quickly as possible.

[donald pond] 29/4/2024 07:33

On the PFS and progressing the project.

[3weeksorso] 29/4/2024 07:27

In a RNS dated 26th March 2021. The company were pleased to announced they successfully raised £18.4 million so around $23 million. Primarily for the open pit starter project at Empire. Also, of course for working capital

Where did this money go?

[qazwsxedc69] 29/4/2024 07:06

Copper futures at 4.60

[zb27] 27/4/2024 21:28

hxxps://www.thetimes.co.uk/article/bhp-anglo-american-merge-mining-sector-9hffwkwbf

1 hr ago

Inside BHP’s Anglo American bid: the £31bn tug of war over copper

The Australian miner wants its rival’s copper mines at a time when the red metal is in demand for electric cars, wind turbines and power networks

[paulhopeful] 27/4/2024 17:21

zb27, I agree, when you look at the market cap, compared to the in situ value of the Empire Mine, it makes no sense to me, I’m more interested in what we know lies beneath the Empire Mine, a In situ value for that would be interesting, in the meantime trend is your friend, and if Morgan-Stanley’;s prediction is correct, who knows, perhaps the US Government as well.

[sportbilly1976] 26/4/2024 14:26

technically, a good intraday reversal given the rise so far this week...I was anticipating a slight pullback

[sportbilly1976] 26/4/2024 14:08

trader - that's entirely your call and risk management should never be mocked or made light of.

I look forward to hopefully welcoming your averaging up re-purchase :)

[trader465] 26/4/2024 14:01

My position here is purely a technical position based on the higher low year to date. I’ll be out if the previous low is broken.

[trader465] 26/4/2024 13:47

Next week for news then.

PXC die hard holders are in a red or black situation

I lifted a small 0.5% position, if the news is bad and the price tanks 50% my max loss is 0.25%. If these clowns surprise us doubters and the price rises I’ll average up.

Adding to losses and averaging down is the fast way to lose your shirt

[trader465] 26/4/2024 13:32

donald pond - 17 Apr 2024 - 09:37:46 - 10675 of 10813 Phoenix Copper (PXC) - PXC

“On timing of the PFS I was asked if it was on target for this month still and I answered along the lines of “there or thereabouts”. I’d urge people to focus on the content of the PFS: if it comes out on 27 April or 4 May it really isn’t material”

[kooba] 26/4/2024 12:04

This in the fundraising material ..'As announced on 18 January 2024, the pre-feasibility study ("PFS") for the Empire Open-Pit Mine is nearing completion and, barring any unforeseen delays, is anticipated for delivery to the Company by late Q1 2024 or early Q2 2024. The final PFS report will include a comprehensive mine plan, mineral processing design, compliant mineral reserves calculated as deliverable metal for smelting or refining, net of mining dilution, detailed operating and capital cost estimates, and final economic analysis and cashflow. The completion of this report will represent a significant milestone for the Company and will enable the Directors to make final amendments to the Plan of Operations for permitting purposes and, subject to finance, to procure the remaining capital equipment items."Still unclear from company sponsored posts what "anticipated for delivery to the company" ...means and from who..talk of 17 consultant reports ..but who is collating it all into a single piece of work with conclusions that can be professionally signed off by a accredited competent person and released??So they missed late Q1 and i guess May is stretching early Q2 timetable so i think there is reasonable expectation before the PFS should be available by end of this month ..backed up by Post 10624DP PFS expected this month.Company should clarify is there are any unforeseen further delays.

[sportbilly1976] 26/4/2024 10:22

was there a communication saying definitely, without exception it would be in April?

[trader465] 26/4/2024 10:01

So according to DP we will see an RNS before the end of the month, ie Monday or Tuesday at the latest

[colsmith] 26/4/2024 09:59

ZB - $1.4BN in the ground makes the point; drivers are, that unless the world tanks copper(and the other crucial stuff) will be needed big time and anyone with the stuff will at some time deliver it or someone else will deliver it for them.

.

[zb27] 26/4/2024 07:40

Paul, apologies the only AIM resource share I have, so no idea. I'm sure plenty up and also plenty down.

Anyway let me get this right:

In Situ Value of Empire Mine (Copper, Gold, Silver) at today's commodity prices is ~$1.4 Billion

Only 1% of PXC has been explored to date

About to release PFS, and issue bond finance, to get into production

Current market cap £20m LOL

[paulhopeful] 25/4/2024 22:55

zb27: you have missed one thing off your list .. all junior miners that I’m invested in have risen over the last month or so, Has the market finally turned? A rising tide floats all boats.

[zb27] 25/4/2024 15:55

IMO We will see 30s before PFS and Bonds news drops. Aniticipitation, FOMO, and the small free float will drive this up.

Hit 39p only 6 months ago in anticipation of Bonds news being delivered, when copper price was $3.55, it's $4.57 today!

Also the huge news of Anglo/BHP will have put all Copper Assets in firmly in the shop window.

[donald pond] 25/4/2024 12:33

The feasibility study brings together about 17 different consultants reports iirc. The ballpark figure for construction is in the $60-80m region, but could be reduced by the judicious sourcing of second hand material.

[rainyrain] 25/4/2024 12:13

Why are people talking bonds when you have no idea what the initial Capex is? Can someone give me a ballpark? 50 million, 350 million? Who is doing this feasibility study and how likely is the Capex and IRR going to be anywhere near the true Capex and IRR plus NPV?

All imho of course!

[investingisnteasy] 25/4/2024 12:10

I'm guessing that each plan has it's merits, but Plan A may have a greter upside to shareholders, Plan B less so, and Plan C could be quite detrimental to us, but gets the show on the road.
B and C could be waiting in the wings, but they want to give plan A as much time as possible to complete for the benefit of us all, including directors.

While the directors haven't invested significnt amounts of cash into this they do hold a reasonable number of shares,and Richard Wilkins has previously stated that this is his pension plan. I'm sure they want to best option available for all of us even if that takes a bit longer to complete.