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PXC Phoenix Copper Limited

24.00
1.00 (4.35%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Copper Limited LSE:PXC London Ordinary Share VGG7060R1139 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 4.35% 24.00 22.00 23.00 23.00 22.00 23.00 342,745 16:35:08
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -1.54M -0.0083 -27.11 41.52M
Phoenix Copper Limited is listed in the Miscellaneous Metal Ores sector of the London Stock Exchange with ticker PXC. The last closing price for Phoenix Copper was 23p. Over the last year, Phoenix Copper shares have traded in a share price range of 10.125p to 38.50p.

Phoenix Copper currently has 184,535,054 shares in issue. The market capitalisation of Phoenix Copper is £41.52 million. Phoenix Copper has a price to earnings ratio (PE ratio) of -27.11.

Phoenix Copper Share Discussion Threads

Showing 39226 to 39249 of 39650 messages
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DateSubjectAuthorDiscuss
15/5/2024
18:14
So what price tomorrow
juju44
15/5/2024
18:10
You struggling investorman?
:D

jbravo2
15/5/2024
18:08
According to donald PXC is “likely to get into production with around 250m shares”

Presumably from existing options/warrants etc as well as the deal announced today.

Existing shares = 149m

I then used mental maths. It’s roughly 2/3.
I’ve now checked it on a calculator, it’s 67.8%

jbravo2
15/5/2024
18:06
Sjthuk

66% probably due to pressing wrong button on calculator !

investorman33
15/5/2024
18:01
Jb: how have you (or DP?) calculated 66% dilution?
sithuk
15/5/2024
17:55
"NIU Invest SE is wholly owned by Mr Cevdet Caner, an Austrian entrepreneur."He's a colourful fellow!Hardly avoiding dilution! But a price to pay for getting that kind of funding..so an understandable ask from the investor. Do they get the initial share issue for just the initial $5m? "Subject to certain conditions being met" ..what conditions not yet met ? Is it nothing material and just subject to shareholder approval to issue all those shares at the short notice AGM, or conditional on permitting or PFS ? Its headed "conditional" subscription would be good to know what it relates to.
kooba
15/5/2024
17:36
Great deal and remember empire is just the start
leedslad001
15/5/2024
17:35
The investor ends up with 25% of the company.
donald pond
15/5/2024
17:30
It’s not 25% dilution
It’s 37% on current share count but with full expected dilution it’s 66% as disclosed by donald on another thread.

jbravo2
15/5/2024
17:26
Now who were all those posters who said PXC could never raise bonds ?

Especially without a feasibility study - and several posters said a full bankable study required too !

Delighted to see those posters were wrong ...... and we do have 80m bonds raised.

A lot of junior miners would kill for a deal like this !

investorman33
15/5/2024
17:21
Great deal, even at 25% dilution ( and NO broker fees and NO hedging to sell copper production at low prices eg $3.60/lb as would be found with traditional mining finance provided by banks). I#ll enjoy 75%, no problem at all

Well done BoD.

investorman33
15/5/2024
17:16
BSG

The interest is escrowed into a bank account for the next year out of the bond raise (per RNS). The bond money is expected to pay capex and opex into production - but if there is any need for extra money once they have the 80m secured (as PXC has) then believe me its easy enough to place another 5m/10m/20m bonds no problem at all especially with copper at current prices = fantastic yield) and other finance houses would also be delighted to offer terms. The key investor at 80m took time to close, follow on investors are pretty easy !

investorman33
15/5/2024
17:13
Lousy deal but much better than no deal
juju44
15/5/2024
17:12
Hmmmm
37%?

jbravo2
15/5/2024
17:04
34m new no cost shares + 22m warrants to subscribe at no cost. That don’t look like 25% dilution to me?
bumpa33
15/5/2024
17:01
@donald
25% dilution? Steep… but… better than I thought they’d manage.
Now onto the main course.
Permitting.
Any of the conditions for the cash relate to getting the permit to mine?

jbravo2
15/5/2024
17:01
Might have a dabble tomorrow
lookinggood
15/5/2024
16:55
How will they pay the coupon in the early years. My bet is by equity raises.
bsg
15/5/2024
16:52
Thanks for all YOUR efforts and posts Donald
bradders51
15/5/2024
16:51
Congratulations to the directors. They're well deserved.Looking forward to the other news now.
greyingsurfer
15/5/2024
16:49
25% dilution. Not at all bad. And given what you were saying about the company and prospects a few days ago an excellent result. And vastly better than the suggestion some have made about an equity raise that would have been massively dilutive.
greyingsurfer
15/5/2024
16:49
Well, I am really delighted, and I hope that everyone has stuck through to the sunny uplands. Marcus and Richard have worked so hard to secure this and I will be toasting their work this evening.
Yes, there is dilution. But, on the other hand, there are no broker fees payable. Normally that would be in the region of $4m payable upfront.
Then it is crucial to highlight that the bonds are not convertible. There is no risk of a death spiral here.
We have taken on a strategic investor who will become a 25% shareholder and plans to support the company over the coming years.
The potential dilution is over 5 years and is totally predictable.
And the rest of us are going to own 75% of the company when we get into production.

donald pond
15/5/2024
16:46
Your forgetting 34mil new shares also issues and 22 mil ish warrants that will all have a massive impact. Great news and I can
Now get out, but it isn’t as great as portrayed if your actually read the terms and the RNS

haveapunt1
15/5/2024
16:43
Start deleting those FUD accounts

After a million a one posts by certain characters.

There we have it.

zb27
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