Phoenix only posted this on their twitter 30 days ago, and this was when the share price was 4.5p:
Phoenix Copper Limited
@Phoenix_Copper
Hi Ric, we strongly believe that our share price doesn't reflect the true value of our assets and are working hard to correct that. With 8-12% copper intercepts, a solid PFS and being US based, we have a great resource in the right place. As soon as we can update, we will. #PXC |
A very tightly held stock.
A whiff of good news, and phoenix will be past 10p again in no time.
Confident they will deliver. Things take time, at £6.1m market cap, it's insanely low. Basically the entire Phoenix portfolio is valued at close to nothing right now. |
Don't forget that Phoenix and ExGen have signed a carried interest arrangement, which simplifies the obligations of the companies in relation to the Konnex properties, including the Empire Open-Pit Project.
Full release ➡️ |
Marcus Edward Jones is our chairman and writing for the FT Advisor here. |
If they do succeed they look quite an interesting company.
Phoenix Copper Limited
'The last ores processed at our Empire mine in the 1940s contained 4% #tungsten. With current geopolitical pressures our polymetallic Empire resource can help provide the US with the critical materials it needs.'
IMO |
I noted the rise here this week.
Often a reason for these things.
Time will tell.
8-) |
GEX ABOUT TO BLOW .. OFFTAKE AGREEMENT LINED UP?? |
If they do get success the share price ought to react positively.
So it is at a pivotal position I would suggest.
Interesting and has a risk/reward element that has to be decided on doing your own research as they say!
IMO |
I realise the bear case, as people ought.
And that is why I asked anyone following it, who see the financing looking hopeful, for their views.
As before '...the US$80 million corporate copper bond subscription, originally announced on 15 May 2024, of which an initial tranche of US$5 million was drawn down in June 2024.'
And
'The Company remains in discussions with a number of other potential bond investors in order to ensure appropriate financing is in place for exploration throughout the Empire mineralised district, including the development of underground drilling stations for the purposes of testing known high-grade copper mineralisation below the open-pit reserves, as reported in the Company's interim results on 26 September 2024.
' |
"Into Q2"=April = c21 days They might string it out further; by not paying trade creditors - so maybe June/July |
Most of the time balance sheets don't matter but when they do matter they are all that matters |
 Obniously this is key here .
Any more observations from any bulls who might be left?
'Phoenix Copper Limited (AIM: PXC; OTCQX ADR: PXCLY), the AIM-quoted USA-focused base and precious metals emerging producer and exploration company, is pleased to provide an update regarding the US$80 million corporate copper bond subscription, originally announced on 15 May 2024, of which an initial tranche of US$5 million was drawn down in June 2024.
NIU Invest SE, the bond subscriber, is currently reviewing the Empire Mine project data, prior to finalising a new drawdown schedule, which will be based on the updated project economics included in the Empire Mine open-pit Pre-Feasibility Study, published on 19 September 2024.
The Company remains in discussions with a number of other potential bond investors in order to ensure appropriate financing is in place for exploration throughout the Empire mineralised district, including the development of underground drilling stations for the purposes of testing known high-grade copper mineralisation below the open-pit reserves, as reported in the Company's interim results on 26 September 2024.
The Company confirms that it remains committed to arranging further funding through the placement of its corporate bonds and that it currently retains sufficient working capital to meet ongoing obligations into Q2 2025.
Although there can be no certainty, the Directors remain confident that additional bonds will be placed. The Company looks forward to providing shareholders with further updates relating to bond financing as appropriate'. |
The DOW is fearful of tariff reactions around the world.
If Forest Clump puts tariffs on the rest of the world then the Dow will go in to a massive tailspin.
Great for the Europeans as they will need to buy cheaper goods from within.
Euro Companies manufacturing the goods of war will be on solid ground. The Americans will squirm if Clump stops aid to Ukraine. Been a hell of a positive ride for them, but the bubble has now burst.
Overall, the US economy will shrink and stagnate.
The greedy man will soon fall from grace as the unemployed in the US begins to rise.
So will people invest here, I think not. Buy up shares at your peril. Remember HZM |
Retirement bull....pleased to hear it!
Let's hope for the best. |
See if DOW keeps positive, could go either way. |
What about the not so stale bulls? Some of us accumulating ++. 🙂 |
At least premarket DOW looking better at this point.
Could reverse sentiment. Strong rise yesterday here after all.
8-) |
Clear out of the stale bulls now I've said that.
Ha ha. |
Peak fear here, it's time to buy as many were buying yesterday.
Look what happened at FAR, similar thing,trickled down, 1 rns and then 5x in a few weeks.
Asset hasn't changed, US is firmly in the spotlight, becomes more attractive everyday. Cpper tariffs, and PXC explodes. Even back to just 10p from here, is 3x, and market cap would still be a measly £20m. |
What do they say?
Buy when others are fearful?
Sometimes it's poor advice obviously, but people yesterday bought for a reason
and time will tell if we are right to do so.
imo |
That's my recollection too In theory there's assets to sell which could give a little more time; but equally likely there's restrictions on doing that from their creditorsIf there's not new funding then it's likely going into admin - they've left it too late for an equity placing IMO - and d for e also possible, but that'll be a 90% plus loss for legacy equity |
trader465: it's not your worry. But, thanks for warning all the shareholders. |
How will they raise cash? They need a million a year for salaries. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
