Phoenix Copper Share Discussion Threads

[bigboyblue] 03/5/2024 09:17

Perhaps he may have previously posted as Bradshaw. Similar prose style.

[leedslad001] 02/5/2024 19:46

I see you have only been a member of ADVFN since march 24 what alerted you to pxc?

[rainyrain] 02/5/2024 18:49

Will they be making copper cathode on site or a concentrate to send to a smelter?

[copper copper] 02/5/2024 14:16

i think if a date is mentioned, its safe to say it will be missed.
PFS was recently indicated to land by end of April.
That changed to 'there or there abouts'.
That changed to a resource statement and an economic analysis, instead of PFS... in the next week… ‘OR SO’.

This all creates frustration, which last time resulted in them having to issue a 'no news' RNS as people got so annoyed.

[kooba] 02/5/2024 13:13

DPI would disagree i think you often muddy the waters in expectation of events. Ie your PFS in April.If you don't know don't guide..with your background you should know better, getting expectations consistently wrong is a disaster for reputation. The agm cannot be on the date you mentioned anyway as no sufficient notice has been given. Again why put dates out if you don't know?The official line on the PFS is latest early Q2 ...since we are out of early perhaps the company themselves should give a deliverable new timetable rather than vague doesn't matter comments on social media by yourself.The fact the price is swinging around on speculation is not great without anything concrete..why do you add to it ??

[fuzzy dunlop] 02/5/2024 11:19

Transformational news has been imminent for about 3 years here.


Good to see the usual shrug of the shoulders from DP wrt timelines.

[zb27] 02/5/2024 09:33

Mm's will grab everything they can, nice consolidation and little shakeout of the weak, before the next leg up. So predictable, day traders washed out.

FOMO before the long weekend later today/tomorrow??

Monday is bank Holiday.
News on tuesday would be fantastic!

Like Donald has said, news could land later today, tomorrow, Tuesday, Thursday, doesn't matter, all we know is it's imminent, and it's transformational.

[donald pond] 02/5/2024 08:32

Kooba,Telling people when we are aiming to hold the AGM but asking that they wait for formal confirmation, or encouraging people to concentrate on the content of news releases rather than fretting about the precise timing of them really isn't something to worry about. I am a financial services lawyer by background and was a director of a FTSE 250 company for a decade. I know where the line is and stay well inside it.

[kooba] 01/5/2024 14:00

Thanks for pointing out. The move started before the weekend and the technical position commented on resulted from the move that had taken it out of range , which sort of got going on the 25/04..so more a reactionary comment than initiating interest...which is normally what technical analyst is all about.Didn't know Zak was still a thing..got 8 likes though !

[sportbilly1976] 01/5/2024 13:37

kooba,

I suspect this might have had more influence than a comment in Telegram:

[trader465] 01/5/2024 13:18

"tell me then what has caused a spike"

Short term share price movement is random, why would there be a reason?

[kooba] 01/5/2024 13:06

Definition of price sensitive information under MAR. So in posting information that has had a significant effect on price..it is by definition price sensitive."..if it were made public, would be likely to have a significant effect on the prices of those financial instruments, or on the price of related derivative financial instruments."https://www.fca.org.uk/markets/best-practice-note-identifying-controlling-and-disclosing-inside-information

[kooba] 01/5/2024 12:58

Not my intention ..but tell me then what has caused a spike when official information from the company has not changed and they are already late in delivering the PFS (officially end Q1 beginning Q2).The only thing I am aware of is this SM post last week confirming slightly changed timetables and what might be delivered and talking of when information will be given at the AGM ..though no results yet !! All adding to expectation on timing and certainly appearing to have influenced the price. If you think an employee of the company posting such information to a small group of shareholders on social media is appropriate and provides a level playing field for investors then you are mistaken.I seem to remember that the FD posted the funding will be in place in 3 weeks kind of post too, that again prompted a major spike at the end of last year , was that also a harmless comment on timing ? In terms of share price impact what transpired it appears straight forward misinformation that likely cost investors who jumped in on it.They need to tidy up their act and put out regulated announcements properly when they have something to say and stop puffing on social media ...time they delivered on their promises not talk about it and move the goalposts again.

[klondykejohn] 01/5/2024 12:40

Kooba, you are clutching at straws.
In my opinion, nothing wa stated that we investors do not already anticipate.
Putting a few very broad snippets of possible timeframes into the equation does not cause a spike.
The rns may be bad or good. Who knows?
I for one have not bought or sold shares based on DP comments. Speculators are the people who move shares when no information is available. Pump and dump or vice-versa.
Stop trying to read something negative about statements that do NOT fall into MAR.
Your comments could quite easily put a downer on the share price Perhaps that is your intention.

[kooba] 01/5/2024 11:00

Confirming you know little about securities regulation. Companies cannot post non public information that might impact the price on social media...especially when it is a closed user group. If a post resulted in the recent spike then one has to conclude that it contained information not previously disclosed and impacted the price. Price sensitive!That falls under MAR...whether the information is true or made up..if the intention was to influence investment decisions and move markets it's not allowed.

[qazwsxedc69] 01/5/2024 10:11

"and on the borders of breaching MAR regulations , especially when they don’t meet their self declared goals"

Absolute gibberish.

[kooba] 01/5/2024 09:45

Is that childish comment addressed to me? If you do not know anything about correct dissemination of information to shareholders it does not put you in a good light.There is meant to be a level playfield of information and using close user groups on social media is not a way to do it. It makes the company that i am invested in look amateurish and on the borders of breaching MAR regulations , especially when they don't meet their self declared goals consistently.What they are doing is messing with expectation and creating undue speculative activity..which doesn't help.Producing regulated comms with real and deliverable timelines and real documentary evidence of progress in meeting their objectives would.

[zb27] 01/5/2024 09:40

Any day now...

And the news will start flowing one by one. And it's off to the races.

With the small tiny free float, PXC will move fast, will be very difficult to buy anything.

Tick tock, let the party start. IMO Looking at 30-40p in very quick order

[qazwsxedc69] 01/5/2024 09:32

So you missed the rise then, and now you are crying about it?

[kooba] 01/5/2024 09:18

SIPP he posted expect this month (ie April ) responding to me on this board..i thought that was the official line as he is speaking for the company apparently.As to holding an AGM on 22 May maybe they should check notice periods.https://www.mspsecretaries.co.uk/agmnoticeperiods/There is also the small matter of releasing your full year results before an AGM.Busy times.

[juju44] 01/5/2024 09:10

It matters in term of trust - not much of that around here

[sipptrader88] 01/5/2024 09:04

donald pond - 17 Apr 2024 - 09:37:46 - 10675 of 10855 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] 01/5/2024 07:37

This posted on another board.Paul (DP) posted on Telegram on 25.4.24:"We are aiming to get a PFS out asap. In the event that we cannot finalise the whole thing we will certainly publish a resource statement and an economic analysis (which are the key parts of the PFS) in the next week or so. We are aiming for an AGM on 22 May but that is not yet confirmed. We expect to be in a position to talk freely about both the resource and our plans to fund, develop and profit from it, at the AGM."Is this accurate reflection of a company sponsored post?Is this the reason for the price movement..if so could it be deemed price sensitive??Really not sure this company or shareholders have learn't this is not the way to communicate with shareholders in closed user groups.In the meantime the expect PFS in April is now passed as most of the promised timelines do.

[sportbilly1976] 30/4/2024 11:18

SP Angel morning note coment on copper:

Copper prices push past two-year highs as Codelco struggles to ramp up production

• LME prices hit $10,215/t yesterday, before easing somewhat to $10,115/t today.
• The move was supported by more positive Chinese factory data, having climbed 15% in April on a concentrate squeeze.
• Rock bottom TC/RC fees have fuelled speculation of production cuts from China’s smelter groups, which produce over 50% of global refined copper.
• Concentrate availability has been thin owing to Cobre coming offline and production hits from Anglo American and MMG.
• Positivity is coming from China’s property sector, with developer equities climbing yesterday on rumours of easing home purchase restrictions in major cities.
• However, fabricators, a major downstream source of demand, are reporting thin margins, suggesting fundamentals still remain weak for Chinese copper buyers.
• This is reflected in weak Yangshan premiums, which hit zero last week as import demand remains stagnant.
• A PWC report suggests 54% of copper output is exposed to climate change-driven drought.
• Chile and Zambia have both recently suffered from water shortages, which weigh on processing plants and hydroelectric power availability.
• Codelco announced yesterday it is looking forward to a recovery in production, expecting a rise in production into H2 following a Q1 decline.
• Conversely, sliding inventories suggesting restocking has picked up as downstream users look to lock in supply as prices continue to rally.
• Copper demand is currently made up of:
o Construction 28%, Power 16%, Consumer goods 13%, Transport 13%, Industrial equipment 12%, HVAC ‘Heating Ventillation and Air conditioning’ 7.5% and Other 10%

• New demand drivers:

o AI Artificial Intelligence – use of energy requires bigger copper cables
 Datacentres for Gig economy continue to expand and to multiply 1GW = 25-50,000t est. of copper in cabling in total
 US may add 8GW in 2024, 12GW in 2025 and 16GW in 2026 after 3GW in 2023 according to GS.
o EVs – require Over two times as much copper 53.2kg vs 22.3kg according to the IEA
 EV chargers – a 200 kW charger uses 8kg of copper. Smaller 3.3kW charger uses 0.7kg of copper (ICA)
 Electric busses use 129-292kg of copper in their batteries representing 85% of the total vehicle content (ICA)
o Solar, wind, hydropower, nuclear power cabling
 Solar uses 2,450-6,985kg /MW of power generation (cuspuk)
 Hydropower 4,000 kg / MW
 Wind power, onshore 2,500 – 6,400 kg / MW
 Wind power, offshore 10,500 kg / MW
o Grid cabling – high tension overhead cables are made of aluminium, buried cables are almost always copper.
o China state stimulating the finishing of apartments. This should drive copper demand for domestic cabling and appliances
o China state also looking to stimulate demand for consumer goods. Again driving demand for a range of metals.

[deuchar] 30/4/2024 11:00

We really should have had the PFS years ago