Then fill your pockets franci, or just get off this site as you have nothing positive to add or say. Just another ramper. |
That’s some heavy buying into first 45 mins.
Looking positive . |
I think anyone who does not understand the frustration around being a shareholder in a company that has been well funded but has serially failed to meet just about any promises of progress and meet any timelines in strategic delivery. That now finds itself instead of being on the cusp of actually developing an prospect they have publicly puffed as being a $1b asset ( only 6 months ago) , instead , it is now indebted , just about out of short term cash and working capital and gives zero visibility of how it even continues as a going concern let alone services that debt and perish the thought develop a cash generative mine as promised...is clearly not invested. |
Haha PP. Have you got nothing better to do?
No point coming on here making suggestions on only your second PXC post.
As for my sanity, well, I am an eccentric person by nature.
Maybe I should have been sectioned for investing in PXC, but I am guessing you are not and have never been a PXC shareholder, or are you just a ramper trying to make a quick buck? |
KJ - Have you never used AI? I've just been through your post history and it tells me you're pretty obsessed by the company, some would say unhinged. |
I like your info trader.
So all theses subsidiary Companies may well have directors who may well be salaried. Have you ever investigated any expenditure of any of these subs and holding Companies? |
Given your apparent struggle with basic spelling, I’d suggest you focus on self-improvement rather than my posts. Feel free to use the filter function my friend. |
Decent buying into the close …. |
What a boring cunnt you really are.
How the winter nights must fly by in your house. |
 Accessing detailed financial statements of private companies like KPX Holdings Inc. and Konnex Resources Inc. can be challenging, as they are not typically required to publicly disclose their financial information. However, you can obtain certain information through the following avenues:
1. Idaho Secretary of State Business Search:
• The Idaho Secretary of State maintains a public database of registered business entities.
• You can search for KPX Holdings Inc. and Konnex Resources Inc. to access available public records, such as registration details and annual reports.
• Visit the Idaho Secretary of State Business Search to conduct your search.
2. Annual Reports:
• In Idaho, businesses are required to file annual reports with the Secretary of State.
• These reports typically include basic information about the company’s principals and registered agent but may not contain detailed financial data.
• You can access these reports through the business search portal mentioned above.
3. Direct Request to the Company:
• You may contact KPX Holdings Inc. and Konnex Resources Inc. directly to request their financial statements.
• While private companies are not obligated to share this information, they may choose to do so upon request.
4. Parent Company Disclosures:
• If these companies are subsidiaries of a publicly traded parent company, the parent company’s financial statements may include consolidated financial information.
• Review the parent company’s filings with regulatory bodies, such as the U.S. Securities and Exchange Commission (SEC), for relevant details.
5. Third-Party Financial Information Services:
• Some financial information services collect and provide data on private companies for a fee.
• These services may offer limited financial information based on available public records and other sources.
While these methods can provide some insights, obtaining comprehensive financial statements of private companies may not be possible without their cooperation. |
PXC loaned KPX $2.76M in 2023, which is now classified as an “intercompany receivable” that eliminates on consolidation. KPX Has No Revenue or Disclosed Financials. There is no breakdown of how this money was used
PXC shareholders have no visibility into what KPX is doing with these funds
KPX’s financials are not independently reported or audited |
In 2022, PXC moved its investment in Konnex, Borah Resources, Lost River Resources, and Salmon Canyon Resources to KPX Holdings Inc.
Total value of transfer: $4.42M.
KPX is now the direct owner of these subsidiaries, meaning an additional corporate layer has been added. |
I think it is about time that PXC became transparent and posted ALL account information given to the HMRC and relevant US bodies ref. Konnex and ALL Konnex dealings in the last 3 years.
Is this information already available trader465? |
A Pre-Feasibility Study for a small mining company in America typically costs between $1 million and $5 million, depending on the project’s complexity and scope. The claim that most of the $40 million was spent on a PFS appears significantly higher than industry norms |
If everything is above board, then the solution is simple: Publish a full, independently audited breakdown of Konnex’s financials and the exact use of funds. |
The PFS gives the economic numbers with some generous assumptions giving a NPV of $87m...there is no need to just make guesses thats the whole point of producing the document.hTTps://www.proactiveinvestors.co.uk/companies/news/1032064/mining-101-net-present-vale-the-vital-metric-1032064.html |
That's great, so at 1-5% standard unfunded in situ value that's $6-30m?
So still over-priced here then? |
doubt it's 50% margin |
last RNS 18 Dec 2024 says there are 66467 tonnes of Copper Equivalent in the Empire Mine (this encludes the other opportunities)and at recent $9,700 per tonne of copper price this is $600+ million of future revenue and say $300m profit? Balance sheet NAV of $42m understates the value of this company (once the financing is sorted). |
Anyone read the technical report and figured out how many companies have worked on this project before? Or did your pen run out of ink jotting it all down ROFLMFAO |
trader465, Do our glorious leaders also get a salary from Konnex as well as from PXC?
By the way, did we not lend Konnex a bucketful of money?. If so, can they lend some back to PXC in the next couple of months, or have they spent those millions already on who knows what.
It would be nice to know where it specifically was spent .
Perhaps DP has the facts to hand. |
Who says it's worth more...the PFS was not glowing on what is proven ...otherwise maybe the bonds might have been more appetising ? The project has not moved much in terms of potential since it was bought for i believe far less than the current market cap..but we do have those ball mills to throw in ..what were they $1m at most?But we now also have $5m plus £1m debt which needs to add to that market cap in terms of net equity value.So on knowns you think Empire is worth more than £14m ..on what basis...it seems its no fundable and the returns are small even if it was. |
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