Phoenix Copper Limited

-1.50 (-5.88%)
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 Shares Traded Last Trade
  -1.50 -5.88% 24.00 382,480 14:53:26
Bid Price Offer Price High Price Low Price Open Price
23.50 24.50 25.50 23.75 25.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Miscellaneous Metal Ores,nec 0.00 -0.94 -0.80 - 28.18
Last Trade Time Trade Type Trade Size Trade Price Currency
17:08:47 O 5,000 24.00 GBX

Phoenix Copper (PXC) Latest News

Phoenix Copper (PXC) Discussions and Chat

Phoenix Copper Forums and Chat

Date Time Title Posts
07/6/202315:41Phoenix Copper (PXC)7,945
13/4/202211:42Only worth 3.75p on fundamentals8
28/1/202121:09Pipex - Wimax - the next telecoms revolution28,146
08/8/200711:09OO7 FOR YOUR EYES ONLY6
27/7/200718:18Is Pipex the next gutter stock !36

Add a New Thread

Phoenix Copper (PXC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Phoenix Copper (PXC) Top Chat Posts

Top Posts
Posted at 25/5/2023 16:27 by ptolemy
From AJBell:

"Phoenix Copper Ltd - base and precious metals explorer in US state of Idaho - Pretax loss widens to $1.6 million in 2022 from $969,250 in 2021. Records no revenue, unchanged from the previous year. Phoenix Copper expects market volatility to remain until the war in Ukraine reaches a conclusion.

Chief Executive Officer Ryan McDermott says: ‘Market conditions and pricing will continue to fluctuate to some extent over the next year. However, the timing of stabilising trends in the manufacturing and supply sectors, as well as elevated copper and gold prices, should complement our projects as we complete the engineering and environmental permitting processes.

‘Our team of engineers, geoscientists, and industry consultants are poised to move the Empire Mine into production and to properly explore the Navarre Creek, Red Star, and the Empire sulphides projects.’"

And from Zak Mir:

"Phoenix Copper (PXC), the USA-focused base and precious metals emerging producer and exploration company, announced its audited results for the year ended 31 December 2022. The company said it intends to fund first production at the Empire open pit with minimum additional dilution to shareholders. With that in mind, it is in the process of completing an $80 million corporate copper bond issue, which will pay a floating rate linked to the higher of a copper price coupon or an interest rate coupon, but subject to a minimum coupon of 8.5% per annum.

Comment: Shareholders of PXC have presumably been sitting on the edge of their seats waiting on news regarding the $80m corporate copper bond issue. The key here is the phrase “minimal dilution, something which if achieved would be quite a coup."

Posted at 24/5/2023 13:00 by investorman33
Re negative posters - RW post from Telegram :

Oscar. Given that you refer to being a founder of PXC on your 79 North website, I note that you would make a nice profit even if you sold PXC at 5p, since your shareholding is predominantly founder’s stock at negligible cost, before I even got involved. Why don’t you sell, and cash in, if you are so dissatisfied?
On the other hand, perhaps you might focus on your own company, whose share price has trashed, and you seem to be doing nothing about it. I am certainly a very dissatisfied 79 North shareholder and I certainly question management’s capability to recover the situation.
At least with PXC, I know the true value will materialise

I would guess this is about ORHLsw7 constant negative posting both on Telegram and ADVN - 'Oscar' is probably still a Director of 79 North which as RW says 'share price has trashed' and RW is a shareholder

Everyone will have their own ideas - but given the PXC Empire resource is worth about £1 billion or USD 1.3 billion, based upon the resource of a couple of years ago and its grown since, there is real value there. Drilling at Navarre Creek is due to start in June so if the assays come back showing gold ..... that is potentially another significant asset which will have a significant value to add to Empire, and there are other assets in the portfolio.

So the value of the company right now is a fraction of what it might become. Waiting for finance news etc is always frustrating, but its too good an opportunity for the financiers to turn down, so imo it will get done.

Likewise with ATS. The chemistry says it can be done. The complication is probably to maximise metal recoveries given we have copper, gold, silver, zinc and others with varying parameters whether grind size, temperature, agitation, what dilution of ATS etc - and turning that into a commercial process. They have been at it for some time suggesting ATS works well enough in the lab, otherwise the work will have stopped before now if it wasn't going to work. The rumours are that it will get announced within the next couple of months - which I choose to believe are very possible

So for me PXC is a long term hold (maybe 2/3/4/5 years to maximise my return) - because the intrinsic value is there, which sadly is not the case with other companies with less valuable assets.

Posted at 25/3/2023 11:13 by klondykejohn
Sipptrader, I am from the UK
William C, I do not include you in that small list of trolls, and I personally enjoy your inputs, but there is an element of trolling on this site and the mindless few may not even be shareholders.
Permitting has always been the key for me and once the TS/Au test results are analysed then PXC can push on and finally get permitting in place.
This in turn will open up many avenues for funding.
The run on the banks, bond losses and high inflation and interest rates are affecting many companies who want to borrow money for expansion, R&D and production start ups, Etc. as well as short term borrowing rates that are currently higher than normal.
PXc didn`t get caught out as many would like to ascribe to.
Covid began the downward spiral, followed by a full Chinese lockdown then the Ukraine /Russia war followed. We should remember that the West imposed huge sanctions which inevitably had a major role to play in inflation.
High Fed rates followed and may still rise further in the short term.
Who in their right minds wants to lend money when the financial markets are in such turmoil.(hence my comments about a big shareholder needing to possibly shift a significant amount of shares to free up some cash, possibly for a short term cash squeeze in their portfolio. They may also be offloading in other companies too. Remember that there have been massive losses in the bond markets around the world)
PXC have in my opinion been lucky.
We could have had the loans in place but covid delays would have led to permitting delays, test result delays, drilling delays, process plant delivery delays and on and on and on.
China cannot pick up the pace yet as it is still riddled with covid and it too is suffering from higher inflation.
Who would we have sold our copper to when there is world stagnation.
At the end of the day, we have a world class mineralised site that will produce well over £1b in years to come. We also have Red Star and Navarre Creek, the deep sulphides and our two cobalt locations, one of which has a tie up with Electra Batteries and could provide an additional income stream.
Phoenix need $80m dollars to begin production, but we should remember that ExGen , who own 20% of the company have to find their 20% production costs. If they cannot find $16m (possibly $20m) then the whole 100% ownership reverts to PXC, minus some royalties.
Am I upset about all the delays, of course I am, but at the end of the day, I can wait and sit on my investment for "as long as it takes".
The current share price is ridiculously low and quite frankly, this may be the last realistic time to get some cheap shares.
Inflation will eventually subside and money will become cheap again.
If this takes two years, who cares? the money is still underground and the coil will be sprung when the time is right.
With the share price being at 20p then this company will multibag many times over.
I can wait for the good times to happen.
My take is a solid "BUY" option

Posted at 24/3/2023 07:57 by silverspoon2009
I am coming to the conclusion that any investment in this sector is simply pouring money down the drain.

The junior resource sector has been in the doldrums for 2 years now with most share prices down 80%+ from the highs of Q1 2021.

The market is designed to take your cash, dodgy brokers, market makers, forward sellers, shorting, bashing, etc etc, there is no positivity, retail investors are leaving in droves, will this market ever recover?

PXC looks a better bet than many I must say but usual caveats apply, using Riverfort as a loan provider, well I never thought PXC would stoop so low. Thankfully the death spiral does not kick in unless they extend beyond 3 months.

Posted at 16/3/2023 12:15 by investorman33
Traders with their short term need to make profits on share trading have been selling for quite a few days - although total shares traded in that period probably less than a couple of % of total shares issued.

I see share price rising a tad this morning, probably a combination of a nice RNS and that the traders have driven the share price down to a level where the upside is so plainly positive that buying rather than selling makes more sense.

For long term holders, it really doesn't matter too much. Waiting is always frustrating, but the project keeps showing its got huge potential, so continuing to hold makes absolute sense. Just looking forward to a few more RNS's !

Posted at 15/3/2023 20:17 by papillon
free stock charts from uk.advfn.com

Could have further to fall in the short term as according to the 14 day RSI the PXC share price is not yet oversold.

PS the advfn chart in the header shows the closing price as 32.60p. However that is based solely on a very small UT trade recorded at 4:35pm.

Posted at 15/3/2023 20:05 by sipptrader88
The drop in share price is merely a few traders....(not me but it could be another time ). You know it takes very little daily trade volume to move the share price at present due to tightly held (for good reason) shares! That is all it is! some are worried that the liquidity problems with banks resurfacing and where they bet wrong on treasuries/ yields and bank depositers moving to riskier assets for higher yield etc. (mini bank runs on deposit withdrawals), and small companies now finding it difficult to pay double digit interest on their floating/variable rate debt etc. and many still on fixed lower rates for a bit etc. hurting banks income, banks raining in on financing and providing new loans.......in other words the temporary perfect storm!...could cause PXC problems temporarily to raise the finance as earlier commitments are forcibly reversed!

A few traders are taking profits on the recent rise in our share price ...to sit on the sidelines.....and await confirmation of out Phoenix Empire financing facility before re buying into PXC fully aware that they may pay a dearer re-entry share price ...but happy to do that with the guarantee of financing executed at that stage!

Personally I would have taken the other side of their sell trade today...but I have already committed my block of money for PXC over the last week at a slightly higher price around 36p!

You only have to look at the volume of trades to see that this is temporary IMO?

It was 31p+ to buy and then 32p++ ...so some are prepared to take the other side of the traders' sells today!


Posted at 03/2/2023 09:54 by pantsonfire
The story of PXC - Part 1

PXC represents a huge opportunity. For those who don’t know the details, let me take you through it, and knowing that many questions arise, needing explanations, I’m going to try to describe the whole story as an overview, and allow you to ask questions for further detail. I have been an investor from the start, and know and Trust the Board, but I state clearly, my posts are completely independent. Please do ask me questions, and I’ll try to answer.

Some years ago the founders of PXC (Roger Turner and Dennis Thomas) fell on this isolated brownfield site in Idaho, where limited mining had taken place in the late 1800’s and early 1900’s. Copper sulphide mining essentially stopped in the second world war, when the war took the manpower away. However, in the last days of operation, the copper grades being mined were in the order of 8.5%, plus with significant Tungsten being found. The issue at that time was that copper oxides (oxides lie near the surface, sulphides below) could not be recovered for technical reasons, whilst the deeper copper sulphides being mined were not economic in Empire due to their depth. How things have changed.

Fast forward to now and our founders saw the near-surface copper oxides, combined with local history of mining with the geology, and realised the potential, since today we have technologies available to recover oxides. They believed that the opportunity had been simply overlooked. Money was raised, drilling was performed, with sufficient holes to make a Resource. In reality a large company would have no interest in this relatively small oxide deposit, which is why it had been neglected. PXC started putting together a plan to make a project, starting from the now mineable and recoverable surface oxides, which would pay for the exploration and development of the true goal, the deeper sulphides, which everyone believes lie in large quantities (and which would interest a major if confirmed).

Where are we today? The surface open pit copper oxide mine has been thoroughly explored, in terms of copper, gold, etc, and the project is advancing well. Meanwhile the price of precious metals has moved significantly, and these are now well worth recovering, particularly the gold. Then they decided to try Ammonium Thio Sulphate for the recovery of the precious metals. ATS is an environmentally friendly solution (pun intended), to recover precious metals, avoiding use of cyanide. But as a bonus, they then found that the ATS could also be used to recover copper, displacing the use of sulphuric acid. This is the work which is ongoing, to determine the right conditions for our specific ores, and to find out the recoveries in pilot plant situations. If ATS works, then it will bring forward the date when precious metals can be recovered, and making the project much more profitable overall. This will also simplify the environmental permits, as the chemicals used are much more environmentally friendly. Meanwhile the project team have been working hard, and have initiated plans to replace hauling ore down the mountain by diesel transporters to using a gravity flow system, as well as a few other environmental features. Today we’re waiting for news concerning finance, and I’ll talk some more below, plus the results on the ATS, due this spring, I believe. Both of these could quite naturally have a major impact on the share price.

Posted at 23/12/2022 21:42 by papillon
free stock charts from uk.advfn.com

As you can see from this COPPER Ichimoku chart, RetirementPlan, the COPPER price dropped below the Cloud in late April (coincidentally with the PXC share price showing the link between the two prices). The COPPER price rose above the cloud, for the first time since late April, almost 2 months ago. Perhaps that's a sign that it is a good time to be in PXC. Only time will tell.

Posted at 23/12/2022 21:25 by papillon
free stock charts from uk.advfn.com

As you can see, RetirementPlan, from this 12 month Ichimoku chart the PXC share price hasn't been above the Cloud since the end of April. Of course news drives sp's, not historical charts. Charts only show current and past sentiment towards a share, but it's possible that some traders might be aware of what is happening inside the company. However I'm not saying that has happened with PXC. The fall in the share price over the last 12 months is probably linked to the big fall in the copper price and probably other company linked issues.

PS a rise above the Cloud could show investor sentiment has become positive on PXC.

Phoenix Copper share price data is direct from the London Stock Exchange
Your Recent History
Phoenix Co..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com

V: D: 20230607 16:50:40