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PXC Phoenix Copper Limited

23.25
-1.25 (-5.10%)
Last Updated: 14:32:21
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
  -1.25 -5.10% 23.25 22.50 24.00 24.50 23.25 24.50 670,754 14:32:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -1.55M -0.0124 -18.75 29.05M
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 24.50p. Over the last year, Phoenix Copper shares have traded in a share price range of 10.125p to 38.50p.

Phoenix Copper currently has 124,928,622 shares in issue. The market capitalisation of Phoenix Copper is £29.05 million. Phoenix Copper has a price to earnings ratio (PE ratio) of -18.75.

Phoenix Copper Share Discussion Threads

Showing 39351 to 39374 of 39650 messages
Chat Pages: 1586  1585  1584  1583  1582  1581  1580  1579  1578  1577  1576  1575  Older
DateSubjectAuthorDiscuss
16/5/2024
09:48
Yes, PFS will be published when we have bought the key items we need. Then all will become clear.
donald pond
16/5/2024
09:41
Rainy rain

DYOR. PXC has said money from bonds will be used to buy equipment so that therre is no need in PFS to use new equipment prices with a 25% contingency ..... that will give a bigger npv and irr which investment analysts will use for years to come.

So pfs will come out 'shortly'

investorman33
16/5/2024
09:39
So you're going down the ammonium thiosulphate route? Is that right? If so, will you release the results of all the metallurgical test work and the recovery rates? Cheers!
rainyrain
16/5/2024
09:38
rainy Rain

As investormon says please read the Annual Report issued last night....permitting etc is in there...

goldrush
16/5/2024
09:37
https://www.proactiveinvestors.co.uk/companies/news/1047714/phoenix-copper-raises-us-80m-in-bond-finance-as-stars-align-1047714.html
poppa wobbler
16/5/2024
09:36
I've said before, the PFS will be released as soon as Ryan acquires the second hand gear. That will be at a big discount (50%+) to list price. If we don't own the gear when the PFS is published we need to price everything at list price plus 25% contingency. As we will only produce one PFS, let's make it accurate and reflect actual costs rather than hypothetical ones.The draft PFS is incredibly detailed. Every cost is included, down to bits of kit that cost a few dollars.
donald pond
16/5/2024
09:36
Tim000

The RNS has to include all the details the Nomad thinks are material in the bonds. Likewise the Auditors have similar obligations, although both may have slightly different views on material items. So suggest you read them both.

As a general comment these are bonds with a 10 year life, although both investor and pxc have rights for early redemption (eg 6 years)

Like all bonds the money can be used for any purpose to progress the company, unless a covenant states otherwise (no covenant in rns or accounts, means no restrictions on use other than divis etc)

Interest calculation spelt out (see an earlier post by someone showing interest at different copper prices - eg 12% at $6/lb copper - copper prices currently circa $5/lb are at an all time high)

Draw down spelt out in rns etc

IMO the bond has a pretty simple structure and minimum covenants - what covenants were you concerned about.

investorman33
16/5/2024
09:33
All the risks overcome? All? This is ramping up a mine bruv, something I've actually researched, and your comment is hogwash on steroids fella!

Plus the fact it's a polymetallic scarn with a long history of metallurgical test work,and a recent history of metallurgical test work that hasn't been released yet as far as I'm aware! All imho and DYOR!

rainyrain
16/5/2024
09:28
rainy rain

Ryan's statement in Annual Report suggests most of your comments already taken into account and a huge amount of work already completed by mining experts to say all the risks overcome.

investorman33
16/5/2024
09:26
DP you said the PFS was 99.5% complete in Jan...you said there would be an economic analysis released in a week or so with reserve report on 24th April. So not sure you should be mocking folks who require firm economic projections and perish the thought some detail on how and when this project can get to production and start to generate cashflow to support the ever growing debt burden.Saying it's all done but we ain't sharing , allowing there to be in sufficient information for people to make any reasoned investment decision is not helpful...as always.
kooba
16/5/2024
09:24
Thanks foe the response DP. To me, it sounds more like a DFS than a PFS! Do you anticipate a full feasibility, or will you go into detailed engineering and construction on the back of this PFS? Balls of steel bruv Imho LOL!
rainyrain
16/5/2024
09:22
donald pond16 May '24 - 09:20 - 11155 of 11155
0 0 0
And no arrangement fee. That is usually 5% minimum on AIM.


Really....what about the 25% of the company as the fee!!!

waterloo01
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".
donald pond
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.
copper copper
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.
apfindley
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!

rainyrain
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.
kooba
16/5/2024
08:49
“NIU Invest SE is wholly owned by Mr Cevdet Caner, an Austrian entrepreneur.”
paulscb
16/5/2024
08:49
These types of muppets always do the opposite. Just liars who will say anything for a penny.
inaminute
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
juju44
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

kaos3
16/5/2024
08:22
Looks a good deal for the lenders and the BOD. PI, doubtful.
bsg
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
haveapunt1
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