Phoenix Copper Share Discussion Threads

[donald pond] 16/5/2024 09:20

And no arrangement fee. That is usually 5% minimum on AIM.

[donald pond] 16/5/2024 09:19

Ap What price does copper have to be for the interest rate to be 20%?Your comment is a bit like saying "CGT at 40%, best hope your shares don't go up".

[copper copper] 16/5/2024 09:18

Surely the price reaction tells us this deal isn't all that great. The share price was pushing towards 60p not so long ago on rumours of a deal. And now only 25p with confirmation of a deal. Hey ho... I guess its progress.

[apfindley] 16/5/2024 09:15

8.5% to 20% per annum on the bonds. Wow.Issue of shares to them. And Warrants too.Do the rampers do any maths here?Shareholders will get shafted heavily in 18months or whenever it does become operational, the reality will surface.Oh dear.

[rainyrain] 16/5/2024 09:04

Dp how can you say getting the pit into production "has all been figured out?" You haven't released an economic study FFS?

How did the met work go, what are the metal recoveries? How will the ore be processed and how much will you be able to sell per annum? ROFLMFAO! Basics bruv!

[kooba] 16/5/2024 09:00

Certainly a bit of a player the new "investor"Mr Caner.Less than a year ago..https://news.mc/2023/06/28/real-estate-moguls-monaco-office-raided-in-transnational-investigation/Listed vehicle has not been that successful..https://finance.yahoo.com/quote/ADJ.DE/Aggregate Holdings SA where he is ceo is struggling under a debt mountain..surprised he has the time or money to move into mining finance. Let's hope he is more successful.

[paulscb] 16/5/2024 08:49

“NIU Invest SE is wholly owned by Mr Cevdet Caner, an Austrian entrepreneur.”

[inaminute] 16/5/2024 08:49

These types of muppets always do the opposite. Just liars who will say anything for a penny.

[juju44] 16/5/2024 08:49

The bonds are a bit of a rip off but its progress and when the sell the news lot wash out this should be higher

[kaos3] 16/5/2024 08:37

i am evaluating my own position if the risks dropped enough or even increased to a degree in pxc for myself to be investable (austrian passport holder background, reserve statement signed by related party, time components of the bond saga, industrial proof or track record of extraction method being proposed etc etc). i admit i have lack of knowledge so must gain more of it before commiting to more than trading

that is for investment purposes


but overall something productive will be hopefully built which is good for the society

[bsg] 16/5/2024 08:22

Looks a good deal for the lenders and the BOD. PI, doubtful.

[haveapunt1] 16/5/2024 08:22

I did, but happy to have a trade now. It’s now 22p to buy on IG. Placees selling, disillusioned shareholders selling. That says it all about the deal

[sportbilly1976] 16/5/2024 08:19

haveapunt,

weren't you selling first thing and disppearing?

[haveapunt1] 16/5/2024 08:17

Traders dream, with many selling out at the same time. Wouldn’t surprise me to see it drop it 20/21 before bounce

[blakesmith] 16/5/2024 08:14

Sell likely to drop to 20/21

[qs99] 16/5/2024 08:12

That is some serious dilution as a "fee" - wow. DYOR, but have sold out this am, market is hardly lapping this up IMO at the moment. GLA and happy to have taken 30% profit off the table.

[sportbilly1976] 16/5/2024 08:04

Blake,

welcome...thanks for you input (incorrect as institutional placees were locked in) and good bye

[inaminute] 16/5/2024 08:03

And what did you have for breakfast? Really interested

[blakesmith] 16/5/2024 07:57

Wnt be buying now If I was a placee at 11p I'd be selling today Dnt want to get caught out

[cromw3ll] 16/5/2024 07:52

And for the long term holders, what about the other mines, Navarre Creek and Red Star can be moved forward with finance in place :-)

[goldrush] 16/5/2024 00:02

People should read the Accounts which were also released.

There is a lot of information in Ryan's report which makes pleasant reading regarding permitting etc. And drilling for the sulphides....which can be processed in the proposed mine plant on our own "patented land"....and that some more good quality second hand kit could be on the horizon....who says there won't be pleasant upsides from here 😀😀

[jasperthemonkeygod] 15/5/2024 23:45

Riverfort don't need to convert, it's just an option

They could go along with the ride, no?

The whole 'death spiral' phantom has weighed down on this but they've always said they have a good relationship

Given today's news, I'm more inclined to go with their flow

[retirementplan] 15/5/2024 23:33

Fairly sure that the deadline for PXC to prevent conversion was 6th May 2024. So they might not convert, but as their conversion price will be 20p, can't see they won't. (Which I am not in the least unhappy with).

RNS 4th March: "The First Drawdown is convertible into shares of no par value in the Company at 20 pence per share (a 70% premium to the current share price) but cannot be converted for an initial period of 60 days after the First Drawdown, unless the Company's closing share price on the day prior to conversion is 30 pence or higher."

[tim000] 15/5/2024 23:32

Investorman

Has PXC published the financial covenants attached to the bonds? Thanks.