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| 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
|
|
|---|---|---|---|---|---|
| -0.60 | -11.43% | 4.65 | 5,591,827 | 13:01:52 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 4.60 | 4.70 | 4.85 | 4.50 | 4.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | -1.54M | -0.0083 | -5.60 | 9.71M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:28:47 | O | 1,250,000 | 4.61 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 13/6/2025 | 10:02 | UK RNS | Phoenix Copper Limited TR-1: STANDARD FORM FOR NOTIFICATION OF HOLDINGS |
| 13/6/2025 | 07:00 | UK RNS | Phoenix Copper Limited £500,000 Placing |
| 12/6/2025 | 07:00 | UK RNS | Phoenix Copper Limited LOI for proposed placement of $75m Copper Bonds |
| 05/6/2025 | 14:21 | UK RNS | Phoenix Copper Limited TR-1: Standard form for notification of holdings |
| 03/6/2025 | 12:36 | UK RNS | Phoenix Copper Limited TR-1: Standard form for notification of holdings |
| 30/5/2025 | 14:37 | UK RNS | Phoenix Copper Limited TR-1: Standard form for notification of holding |
| 16/4/2025 | 12:25 | UK RNS | Phoenix Copper Limited TR-1: Standard form notification of major holdings |
| 09/4/2025 | 07:00 | UK RNS | Phoenix Copper Limited Block Listing Six Monthly Return |
| 07/4/2025 | 07:00 | UK RNS | Phoenix Copper Limited Private Subscription of £300,000 Lapse of Warrants |
| 18/12/2024 | 14:00 | UK RNS | Phoenix Copper Limited Update on ExGen Carried Interest Agreement |
Phoenix Copper (PXC) Share Charts1 Year Phoenix Copper Chart |
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1 Month Phoenix Copper Chart |
Intraday Phoenix Copper Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 13/6/2025 | 20:12 | Phoenix Copper (PXC) | 13,124 |
| 13/4/2022 | 11:42 | Only worth 3.75p on fundamentals | 8 |
| 28/1/2021 | 21:09 | Pipex - Wimax - the next telecoms revolution | 28,146 |
| 08/8/2007 | 11:09 | OO7 FOR YOUR EYES ONLY | 6 |
| 27/7/2007 | 18:18 | Is Pipex the next gutter stock ! | 36 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 12/6/2025 08:20 by bumpa33 zb27 - 26 Sep 2024 - 13:50:52 - 11897 of 13083 Phoenix Copper (PXC) - PXCAgree, withholding of that info is shocking, not sure how they can keep that to themselves upto now, hoodwinked by the company and Investors Relations like we recieved it. Surely it's breaking all kinds of laws. Huge credibility issue, issue about bond funding, if NIU don't pay, then legal action, it's a total mess. IMO They have sat on this, hoping and praying NIU will pay up, they haven't and it's all come out in the interims wash. How not to run a company, just look here. Many investors have lost alot of money here today/last few months/years. zb27 - 26 Sep 2024 - 09:44:55 - 11879 of 13083 Phoenix Copper (PXC) - PXC Suspension looming. NIU have security over the asset. They have been given a chunk load of shares. Legal battle will cost time and money. They have been snookered. I remember someone actually stating this very situation several weeks ago, extremely sad its come to fruition. They need to suspend, until it's fully sorted one way or another. zb27 - 26 Sep 2024 - 09:21:22 - 11878 of 13083 Phoenix Copper (PXC) - PXC NIU are refusing to pay up, this is heading to the courts, it's a legal battle. Unbelievable situation, time, it's going to cost huge money to fight it. Could end up easily in the single digits now. What an awful situation. zb27 - 20 Sep 2024 - 09:50:58 - 11772 of 13083 Phoenix Copper (PXC) - PXC 1. Funding sorted 2. PFS delivered 3. Really strong economics for the starter mine 4. Going after the sulphides early, which is another game changer. Big elephant in the room, Total and absolute radio silence, not even a whisper from the entire BOD through all this, extremely intriguing. I reckon they have been forced into not communicating by the regulators/nomad as something major and material is being worked on, it's just way too obvious. zb27 - 19 Sep 2024 - 17:57:12 - 11768 of 13083 Phoenix Copper (PXC) - PXC Kooba, I have a totally different view. Leading upto the bonds, we were told on numerous occasions, a full PR drive is planned and we have had absolutely nothing. DP very recently suggested the PR machine will start beginning of sept, and nothing again, and absolutely nothing on the day of the PFS. There is something going on, and something big, and they are being stopped from communicating, anyone can work that out. However no ones knows what, other than rumours of m&a. Never been invested in a company where 2 of their biggest milestones has been met with a wall of silence from the board. We will find out either way soon enough. |
Posted at 06/6/2025 16:03 by qazwsxedc69 A lot of us were taken in by the BS sold to us by Donald et al, but seems like you are a lot more gullible / unable to accept reality than the rest of us....zb27 - 29 May 2024 - 09:59:40 - 11371 of 13062 Phoenix Copper (PXC) - PXC Pound for pound one of the most undervalued companies on AIM At 1x EBITDA, even at just 5x EBITDA PXC should be nearing 100p With the riskiest funding event ratified at the agm today. If PXC went up 100%+ in a day, I would not be surprised at all. |
Posted at 04/6/2025 12:52 by trader465 Pantsonfire - As a fellow shareholder perhaps you could also email the questions to the company as well to see if you get a response? If so you can post the response here and we may all get a clearer picture of what’s actually going on behind the scenes sir?Shareholder Transparency Questions — Please Answer with a simple Yes or No: 1) Is the Board willing to publish a breakdown of how the $37 million loaned to subsidiaries has been spent? 2) Can the Board confirm that no portion of the $37 million was paid to directors or their family members via salaries, consulting, or third-party arrangements? 3) Is the Board in possession of itemised invoices and receipts for the equipment and services purchased using the $37 million? 4) Will the Board publish clear photographs of all physical mining equipment acquired using shareholder funds? 5) Can the GPS coordinates of this equipment be provided to shareholders to verify location via satellite? 6) Can the GPS coordinates of all infrastructure developed in the Mackay, Idaho area be disclosed to shareholders? 7) Can the Board confirm whether any of the equipment or infrastructure purchased has been sold, leased out, or used as collateral? 8) Are the current directors or their family members beneficial owners, shareholders, or indirect beneficiaries of any of the subsidiaries? 9) Has the Board conducted an independent audit of intercompany transactions between PXC and its subsidiaries in the past two years? 10) Can the Board confirm that all employee salaries, consultancy fees, and third-party payments made by subsidiaries have been transparently disclosed in the consolidated accounts? 11) Has the Board authorised capitalising payments (e.g. salaries, legal fees, marketing) as mining assets in the accounts? 12) Does the Board intend to publish the 2024 annual report by the AIM deadline without requesting an extension? 13) Has the Board ever discussed or planned a voluntary suspension of trading? 14) Has the Nomad reviewed and signed off on the accuracy of related-party disclosures in the latest financial statements? 15) Has any director or officer of PXC received shares in exchange for services or debt settlement from any subsidiary? |
Posted at 31/5/2025 11:19 by trader465 Let’s connect the dots.Martin Hughes once held 22.4% of PXC — confirmed via TR-1 in 2020. He now holds 6.57% (as per PXC’s website, 9 April 2025) — but no RNS updates in 5 years on this massive position change. How did it reduce? Who bought it? Why the secrecy? NIU Invest SE, an opaque private company now owns 16.35%, almost identical in size to Hughes’ sold stake. (Link above). Meanwhile, the company has shifted its assets — Empire Mine, Redcastle, royalties — into private subsidiaries outside public shareholder control. All while the listed parent is loaded with $80 million debt from… NIU. This looks dangerously like a 3-way collaboration: Hughes quietly exits or stays passive while directors run the show. NIU enters, not just as lender but now as shareholder and potential asset owner via conversion. Directors act as stewards of “value” — but it’s clear the value is migrating out of PXC plc and into privately controlled U.S. subs. Where’s the oversight? Who protects shareholders from an inside job? Are we funding a setup where directors, NIU and possibly Hughes walk away with assets, while retail is left with a shell company stuffed with IOUs? This is AIM, this is BVI, and this is how you do a structured fleecing in broad daylight — unless the NOMAD, regulators, or a brave institutional shareholder decides to blow the whistle. We’re way past “unfortunate mismanagement.&rdquo This looks engineered — and no one’s answering real questions. |
Posted at 29/5/2025 07:55 by trader465 To my good friend and company IR consultant DonaldPond,I fully appreciate how incredibly busy the board must be behind the scenes, particularly given the ongoing funding efforts, shareholder concerns, and mounting confusion around historic disclosures. So in the interest of clarity and efficiency, could we kindly request some simple yes/no answers from the board. The questions are designed to avoid long-winded “narrativeR Shareholder Transparency Questions — Please Answer Yes or No: 1) Is the Board willing to publish a breakdown of how the $37 million loaned to subsidiaries has been spent? 2) Can the Board confirm that no portion of the $37 million was paid to directors or their family members via salaries, consulting, or third-party arrangements? 3) Is the Board in possession of itemised invoices and receipts for the equipment and services purchased using the $37 million? 4) Will the Board publish clear photographs of all physical mining equipment acquired using shareholder funds? 5) Can the GPS coordinates of this equipment be provided to shareholders to verify location via satellite? 6) Can the GPS coordinates of all infrastructure developed in the Mackay, Idaho area be disclosed to shareholders? 7) Can the Board confirm whether any of the equipment or infrastructure purchased has been sold, leased out, or used as collateral? 8) Are the current directors or their family members beneficial owners, shareholders, or indirect beneficiaries of any of the subsidiaries? 9) Has the Board conducted an independent audit of intercompany transactions between PXC and its subsidiaries in the past two years? 10) Can the Board confirm that all employee salaries, consultancy fees, and third-party payments made by subsidiaries have been transparently disclosed in the consolidated accounts? 11) Has the Board authorised capitalising payments (e.g. salaries, legal fees, marketing) as mining assets in the accounts? 12) Does the Board intend to publish the 2024 annual report by the AIM deadline without requesting an extension? 13) Has the Board ever discussed or planned a voluntary suspension of trading? 14) Has the Nomad reviewed and signed off on the accuracy of related-party disclosures in the latest financial statements? 15) Has any director or officer of PXC received shares in exchange for services or debt settlement from any subsidiary? I do hope you are well Donald Sir. |
Posted at 10/3/2025 15:43 by trader465 You’re correct, under IFRS accounting rules, stock options can create misleading financial statements that do not reflect real cash movements. Phoenix Copper Limited (PXC) recently experienced this when some of their underwater stock options expired or were written off, and IFRS rules resulted in a reported “profit” despite no real financial gain.Here’s why this happened and why it’s a ridiculous accounting outcome 1) Why Do Stock Options Normally Have No Cash Impact? Stock options are a non-cash expense. When stock options are granted, the company records a “share-based payment expense” over time. But this is just an accounting entry—no actual cash is spent. When stock options are exercised, the company gets cash. If an employee or director exercises options, they pay the strike price to buy shares. This is when the company actually receives cash. Reality: PXC’s stock price has fallen below the option strike prices (“underwater&# 2) So Why Did PXC Report a Profit When Options Were Written Off? Under IFRS 8, the stock option expense is booked when granted, not when exercised. This means that if PXC issued millions in stock options to executives, they recorded a cost on the income statement. If the stock price crashes and options expire worthless, IFRS 8 reverses the “cost”&# Since those options are no longer a liability, accounting rules reverse the expense previously booked. The company suddenly records a “profit” even though nothing actually changed financially. Reality: This is completely artificial—PXC didn’t suddenly make money, but IFRS accounting says they did! 3) Why This Is Totally Misleading for Investors No Real Money Was Earned This “profit” is just a paper adjustment—PXC didn’t generate revenue, didn’t improve cash flow, and didn’t make a real gain. This Masks PXC’s True Financial State Investors who don’t understand IFRS rules might think the company made money, when in reality, the business is still burning cash. It Highlights How Much Stock Compensation They Previously Gave Away If writing off options leads to a big accounting profit, it means they had issued a huge amount of stock-based compensation before. 4) Why Do These Absurd IFRS Rules Exist? Designed for Consistency, But Backfires in Reality IFRS 8 rules require stock-based compensation to be accounted for over time, even if no cash is involved. When options expire worthless, IFRS reverses the cost, making it look like a financial gain. This works well in theory but creates misleading “profits” Final Verdict: PXC’s Reported Profit Is Meaningless The “profit” is just an accounting trick—there This happened because PXC issued stock options that later became worthless. Investors should ignore this IFRS-based “profit” and focus on real cash flow, which is still negative. |
Posted at 10/3/2025 00:08 by trader465 PXC Funds Konnex with No Clear Oversight:• As of June 2024, PXC had loaned $31.2M to Konnex. • This has increased significantly from $27M just six months earlier. • The company claims that this money will be repaid from future mine revenues, but there is no guarantee of this happening. Directors Maintain Full Control Over Konnex’s Cash: • Since Konnex is private, PXC insiders can control spending without external audits. • No obligation to disclose detailed financials, salaries, or payments to related parties. Potential Misuse of Funds: • If PXC collapses, Konnex’s assets could be transferred or written off with little transparency. • Any funds funneled into Konnex could disappear without accountability. Why This Matters: Since Konnex is private, money can easily be moved, spent, or extracted by insiders without shareholders knowing. If PXC fails, there’s little recourse for investors to recover funds sent to Konnex |
Posted at 10/3/2025 00:02 by trader465 Top 10 Red Flags Suggesting Financial Mismanagement or Potential Fraud at Phoenix Copper (PXC)1. Sharp Increase in Payments to Private Subsidiaries Controlled by Insiders • Loans to Konnex Resources (Idaho subsidiary) jumped from $27.03M to $31.2M in just six months . • Loans to KPX Holdings Inc. skyrocketed from $2.6M to $6.27M . • Total money funneled into private entities now exceeds $37.47M—these subsidiaries have zero independent oversight. Why It’s a Red Flag: By moving cash to subsidiaries they control, directors can spend the funds as they see fit—with no requirement to disclose where it goes. ⸻ 2. Only $5M of the “Secured” • Bond financing was announced in May 2024, but only $5M was drawn in June. • NIU Invest is now “reviewingR • The company is now scrambling to find new bond investors. Why It’s a Red Flag: This suggests NIU Invest was never fully committed, or there are undisclosed problems preventing further funding. ⸻ 3. Continuous Share Issuance Despite Supposedly Secured Bond Financing • 60M shares were issued in early 2024, raising $8.9M. • Another 3M shares were issued post-period, raising $630K. • Dilution continues despite the company claiming it has secured bond financing. Why It’s a Red Flag: If PXC truly had access to $80M in bonds, why keep issuing shares? This looks like a last-minute attempt to extract more cash from shareholders. ⸻ 4. “Updated Project Economics” Excuse Used to Stall Further Bond Drawdowns • The company now claims that bond financing will be based on a “review of updated project economics”. • The Pre-Feasibility Study (PFS) was published in September, yet NIU Invest is still delaying funding. Why It’s a Red Flag: This is a classic stalling tactic—delayin ⸻ 5. Directors Maintain Full Control Over Funds with No Oversight • The majority of company funds are held within private subsidiaries (Konnex & KPX). • These entities are not publicly audited, and spending is not disclosed. • Directors can move money, hire related parties, or extract fees—without scrutiny. Why It’s a Red Flag: This removes accountability and makes it easier to siphon money out before a collapse. ⸻ 6. Corporate Bonds Structured in a Way That Allows Further Cash Extraction • The bonds are secured against the Empire Mine—meaning bondholders get assets first if PXC collapses. • Bond interest payments are linked to copper prices, meaning payouts could be delayed or manipulated. • The company paid a “bond arrangement fee” by issuing 33.88M shares and 22.59M warrants. Why It’s a Red Flag: The bond structure favors insiders and early investors, while leaving retail shareholders exposed. ⸻ 7. No Clear Timeline for Revenue Generation • Despite $42.1M spent on Empire Mine, PXC still has zero revenue. • The company is now shifting focus to underground mining exploration, delaying production again. Why It’s a Red Flag: Endless delays suggest a strategy to keep raising money rather than delivering results. ⸻ 8. Excessive Capitalization of Expenses to Inflate Asset Values • $3.32M in share-based payments were recorded as “bond issue expenses”. • $720K in share-based payments were capitalized into mining property, hiding true costs. • $327K in loan fees and interest were capitalized into mining property. Why It’s a Red Flag: By capitalizing expenses instead of reporting them as losses, the company makes its financials look stronger than they are. ⸻ 9. Unjustified Rise in Administrative Expenses • Administrative expenses jumped to $1.1M in H1 2024, up from $617K in H1 2023. • The company claims it is in a “cost-cutting& Why It’s a Red Flag: Companies burning cash should reduce spending—not increase it. ⸻ 10. The “Permitting & Feasibility Study” Delay Strategy • The company has been working on Empire Mine for years, yet permits and funding are still “in progress”. • Now, PXC is shifting focus to deeper underground mining, delaying production again. Why It’s a Red Flag: This looks like a delay tactic to justify more fundraising while avoiding production. ⸻ Summary: High Risk of Financial Mismanagement or Fraud These 10 red flags suggest that PXC is not a legitimate mining operation—but a vehicle to extract cash before collapse. If bond financing fails, expect: • Further share dilution. • Management resignations before failure. • Possible insider selling before bad news drops. ⸻ What Should Investors Do? Investigate: • Where exactly has the $42.1M gone? • Who controls spending at Konnex & KPX? • Is NIU Invest a legitimate investor, or just a tool to stall collapse? Be prepared for a worst-case scenario where the company runs out of cash and insiders walk away. |
Posted at 08/3/2025 09:16 by francoismyname I know most of you have seen Zak’s Xmas note on Phoenix but think it may be coming to fruition very soon for long term shareholders.Good luck all. Hopefully it goes well beyond 15p for you all. Copper prices much higher than 3 months ago so looking at 20p plus if funding is found . Also Trumps America first policies must surely help. “Phoenix Copper (PXC): 5.5p Target 15p The market has not been kind to PXC in 2024, but given what the company has already stated as the year comes to a close, there is the prospect of the company getting itself “over the line” in terms of its corporate copper bond financing early in 2025. Helping the risk / reward at current share price levels (a £10m market cap) is that despite the company having enough cash to go into 2025, and being in discussions with a number of potential funders, the shares are trading at option value money given the massive opportunity highlighted by the Empire Mine open-pit Pre-Feasibility Study, published on 19 September 2024. Expect the shares to respond well to any whisper of bond finance being in the bag over coming weeks.” |
Posted at 05/3/2025 11:05 by zb27 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 |
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