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PXC Phoenix Copper Limited

-0.25 (-1.02%)
14 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
  -0.25 -1.02% 24.25 23.50 25.00 24.50 24.25 24.50 492,097 09:01:35
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec 0 -1.54M -0.0123 -19.72 30.3M
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 £30.30 million. Phoenix Copper has a price to earnings ratio (PE ratio) of -19.72.

Phoenix Copper Share Discussion Threads

Showing 39426 to 39447 of 39650 messages
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On the technical side, we are looking at flotation followed by leaching and cementation. That means grinding the ore very fine (think somewhere between flour and sugar) and putting it in a big tank with various oils and soap. The rock sinks to the bottom, a lot of the metals stick to the bubbles, and the rest floats in the solution. We skim off the bubbles, wash and dry them and what is left is the concentrate that goes off to the smelter.The rock at the bottom are tailings that are dried and dumped. We then put the middle layer into the leach tank, add the leaching chemicals (thats where the ATS or sulphuric acid issue comes in), and then drop in iron plates. The copper precipitates out onto the iron plates, which we then remove, bang, and the very pure copper plate that has stuck to it falls off (that's why post cementation costs are minimal, as we are producing pure copper on site).
donald pond
He's certainly colourful .
Paul: I'm too scared to Google the bondholder. I'll have to wait until I'm feeling a bit more brave.
I thought the point of the boards was to share knowledge and ask questions ..I'm sure there are no terms of use that say that folks are not allowed questions to better understand an investment...especially when like here there are still many information voids . Surely that is why they employ the likes of DP and maybe others to better explain the facts rather than just trying to puff up a bull case? If they are only for cheerleaders and fan boys it seems rather pointless and dangerous.
Geezer calling himself an investment guru adds absolutely nothing to the debate, but filters a guy who tries to get a debate going, funnily enough a guy who doesn't consider himself an investment guru.


I filtered him, he's not adding anything of value to the discussion.
There's 55 million FREE shares being issued as FEE for arranging the debt. Yes, FREE shares. Use a calculator. These will be sold people! The bond holder has no interest in holding these shares, his game is collecting money from sucker shareholders.Don't believe me, Google the bond holderCevdet Caner
"...this conversation is frankly ridiculous."

You're talking to yourself...pretending to not understand anything then showing off your knowledge.

For someone who has stated they have no interest in investing here, you're incredibly occupied with this forum

I take it, given your interest in the details that you will purchase some shares to enable you to attend the AGM and ask the Directors directly the questions you have?

I'm sure wrapped up in a bow man and "the Pond" know what a process flowsheet is, and until the company publish one this conversation is frankly ridiculous.

It is a diagram of every step they propose to take along the processing route. It usually s with a fun picture of a digger type machine getting the rock out of the ground. It then goes on to be crushed. What happens next only pheonix management know, but their worker bees on here seem to think that it all cushy, imho!

So this plant you propose that will treat oxide and much is it going to cost and who's gonna make it and who's gonna assemble it and who's gonna operate it? Come on Mr Wrapped up in a bow I know you've got this, kiddo!
This is a punchy little overview from

Hayden Locke, CEO of Marimaca Copper, demystifies copper oxides and sulphides.
Copper mineralization for deposits starts as primary sulfide mineralization. Over time, exposure to surface water and air turns some of these minerals into oxides.
Oxides can often be dissolved in weak acid, making copper recovery efficient. Sulfides, on the other hand, don't leach, so they require a different process.
Oxides ultimately produce a high-grade copper cathode, while sulfides result in a concentrate which needs further processing at smelters.
Oxide projects generally have lower capital costs, allowing for potentially smaller scale operations. However, recovery rates and ore grade can affect profitability. The capital intensity for sulfide projects tends to be higher.
Sulfide projects often come with by-product credits like gold or silver. While it's possible to extract these from oxide deposits, it typically requires a secondary leaching process and is less common.

Are you saying they're going to float the oxide ore at Empire? Shouldn't oxides be leached then sent to SX-EW to make 99.99% pure cathode? Help me out here kiddo as I'm struggling, but you seem to have it all wrapped up in a bow!
Rainy rain

Go for cheap if you want to.

PXC and most serious mining companies will be interested in efficiency - metal recoveries being an important measure, as is operating cost, capital cost etc so as to arrive at the optimum solution to maximise MPV/IRR and all that stuff.

One of the delights of the approach taken is they can process both oxides and sulphides using this approach.

You can't tell me that all this fancy footwork that you're doing, tank leaching and floating etc is cheaper than a bog standard tried and tested heap leach..........kiddo !!
Listen, kiddo, I'm aware that flotation is very common. ...for primary sulphides! Isn't this in oxides malachite and azurite if I recall?

How will they make a concentrate from oxide ore? Here to learn, kiddo!

Rainy rain

For someone who claims to have read many texts on processing ATS etc, one thing that comes as a surprise to me is that nowhere do you seem to have read that PXC is employing 2 stage processing (as fully detailed in Annual Report).

The first stage is flotation which is a very standard process which will result in metal recoveries (in the form of a concentrate sent to a refinery)of copper, gold, silver and probably other metals such as zinc (nb some mines use ONLY flotation as a processing technique, so it obviously recovers enough metal to generate decent revenues).

The 2nd stage is the leaching where PXC has yet to announce whether it will use ATS or sulphuric acid - both are proven work as the metallurgical test work announced in an RNS months ago by PXC - with ATS and sulphuric acid producing different metal recoveries for gold/silver and copper depending upon which is used. No doubt the decision as to which to use is a mix between economic, technical and other factors as to which is chosen to be used.

So PXC has 2 bites of the cherry to maximise the economic extraction of the metals. Good job the metallurgists know what they are doing !


When copper is $7 the cost of the bond will be more than covered.

lol, some of the posts on here are petty and pathetic tbh.

Copper miner gets funded to start mining in USA, where the demand is rocketing and with World dynamics changing the USA has a mine funded in their own backyard. LMAO.

That corporate bond issue was a big achievement for a minnow.

A market cap of $30m and they managed to get $80m bond issue done.

Vote of confidence.

Probably the most stupid reaction to an RNS I have ever seen in 30+ years. And both ways there has been some absolute corkers.

This is AIM for you, when there is no justification, a share price will go up 100-200%. And when it actually should go up 100-200%, it goes down 😂 you just can't write it.

Well told a friend to grab chunck under 20p,hopefully he can thanks me in a few weeks.

R they now fully funded with the bonds?
I assume the restrictions on the company to communicate things has now been lifted.

I hope that communications will revert back to videos and live discussion, with no participation in online forums where it can be easy to be drawn into arguments with those who are not brave enough to voice their opinions in a real-world setting. In my opinion the company need to start acting a little more professional in this regard.

Trolls will always fish for arguments, and people shouldn't take the bait. If the troll stops catching fish they will soon move on to new waters.

copper copper
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