Phoenix Copper Share Discussion Threads

[rainyrain] 30/4/2024 09:58

Be interesting to see how many tonnes of copper per year. Small resource of circa 0.38% copper for a tiny circa 87,000 tonnes of contained. I'm guessing circa 7000 tonnes max a year? Will the economics stack up in an expensive place to operate? C1 cash cost and IRR will be interesting, but remember likely not accurate as not a final definitive study!

Entirely imho please DYOR and correct if I'm wrong!

[the count of monte_cristo] 30/4/2024 06:21

India is going to have to do what China did 20 years ago, which is to start buying up copper projects and mines globally. Where is all the copper going to come from?

[zb27] 29/4/2024 18:43

"Envy is the art of counting the other fellow's blessings instead of your own"

Keep and watching here. Rise hasnt even started yet.

[soulsauce] 29/4/2024 18:42

He is probably grumpy TheLung as Bres fails to gain any traction and very much like this it has plenty of hoops still to jump through.

[thelung] 29/4/2024 18:30

Great news for holders. Limited relevance for those who don't hold.....Are there any resource stocks which have risen, where you haven't then posted sour grapes?

[sportbilly1976] 29/4/2024 18:00

Hence why it is £20m mkt cap and not £100-150m+

Resource in the ground is still there and getting more valuable over time.

Same premise to value other O&G and metal explorers v. active producers

[apfindley] 29/4/2024 17:49

Great news for producers.Limited relevance for those who don't even have a project approved or a facility built yet.

[zb27] 29/4/2024 17:20

Copper price at $4.67 now!

Crazy to think just 3 years ago, PXC was hitting 75p when copper price last touched these levels.....

PFS/Bonds, and there will be no stopping.

Definite buyers out there, huge volume today.

[soulsauce] 29/4/2024 14:48

That is my theory Saint.

[saint in exile] 29/4/2024 14:02

Well Copper demand will continue to rise and PXC are very likely to be bought

[thelung] 29/4/2024 13:38

What price did you go short at?

[glavey] 29/4/2024 13:09

How much copper are they producing? How much revenue?

[soulsauce] 29/4/2024 12:50

If we can get through 20p and take out profit takers then 25p should be within reach.

[mhard1000] 29/4/2024 12:39

I'm new to this board and PXC have caught my eye. I did read about them having a high cash burn rate which was causing some investors concern. Can anyone elaborate and give me an idea of how safe this company is in terms of cash reserves etc and what are the next pieces of news to give this a boost? Thanks.

[sportbilly1976] 29/4/2024 10:47

NT at 18p to 7,500...then 18.25 for 8,000+

[zb27] 29/4/2024 10:38

Small free float comes into play now with imminent news, many simply dont understand.

PXC goes NT in an instant, as hardly any loose shares floating around

If a big buyer comes in with the funding and PFS news, wanting to build a position, we could see an exponential rise.

[sipptrader88] 29/4/2024 09:28

Hit full day's average trading in the first 60mins. I think most will be from weekend reading...perhaps there is "knowledge" ?? of a RNS being drafted.......? But the content remains "secret" IMO.

Anyway would be nice to see us back at 20p and then Bonds and PFS in May leading into June........taking us above 35p!

I hope!!! and we do deserved it!

[zb27] 29/4/2024 09:22

If this gets into the 20s today,someone knows something!

We know PFS and Bonds are due anyday.

Someone was building a position late last week, with some big late trades going through.

However should not be a surprise, we know news it's on its way, and the news will be totally transformational after all this time. Just put the jigsaw together.

Want this back in the 30s before any news drops.

[juju44] 29/4/2024 09:20

We deserve it

[soulsauce] 29/4/2024 09:15

Well something is in the mix by the look of it. Good luck all.

[zb27] 29/4/2024 09:13

For an AIM resource company, PXC only have 149m shares in issue, and most are locked away.

With PFS and Bonds imminent, both totally transformational, the small free float will put rocket boosters up PXC share price.

I just look back at Nov, just a hint of bonds and the share price raced away to 40p. Same will happen this time and beyond hopefully.

All about supply and demand, an inflexion point will arrive here very soon when PXC really races away.

[trader465] 29/4/2024 08:49

Looking like my entry here was nicely timed, +30% averaged up

[haveapunt1] 29/4/2024 08:38

Bonds done

[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?