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
  -3.00 -5.0% 57.00 1,263,111 16:35:28
Bid Price Offer Price High Price Low Price Open Price
55.00 57.00 59.00 53.00 58.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.71 -1.21 66
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 UT 8,571 57.00 GBX

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Date Time Title Posts
26/11/202117:46Phoenix Copper (PXC)5,347
22/2/202116:15Only worth 3.75p on fundamentals7
28/1/202121:09Pipex - Wimax - the next telecoms revolution28,146
08/8/200710:09OO7 FOR YOUR EYES ONLY6
27/7/200717:18Is Pipex the next gutter stock !36

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Phoenix Copper Daily Update: Phoenix Copper Limited is listed in the Mining sector of the London Stock Exchange with ticker PXC. The last closing price for Phoenix Copper was 60p.
Phoenix Copper Limited has a 4 week average price of 53p and a 12 week average price of 52.50p.
The 1 year high share price is 82p while the 1 year low share price is currently 32p.
There are currently 116,207,220 shares in issue and the average daily traded volume is 553,891 shares. The market capitalisation of Phoenix Copper Limited is £66,238,115.40.
investorman33: A post from Richard Wilkins (CFO) on Telegram The bigger picture hasn’t changed at all. In fact it gets better. The open pit will still go into production as planned. Meanwhile we are demonstrating growing evidence of a major metal system below the open pit, as predicted by our consultant geologist. And the other projects still exist of course (Red Star, Navarre Creek, cobalt, etc). Frankly today is nothing but good news and upside to existing shareholders But just to add to Richard Wilkin's comment - the current share price only includes a valuation for Empire Open Pit ..... so the Deep Sulphides below which wre reported on this morning are in the company at ZERO value, and also in the share price at zero price are Red Star (Silver/lead), Navarre Creek (gold) and cobalt. So an share price drop this morning is crazy !
investorman33: Mufprat That technical analysis is flawed for PXC - there will be a general trend for an increase of share price driven by the progress towards production of Empire Open Pit (and once in production throwing off US$40m pa (say £30m pa for ease), increasing resource at Red Star (= closer to a production decision), drilling at Navarre Creek showing it might be a huge project in its own right (bigger than Empire Open Pit) drilling to show Sulphides potential world class deposit ..... So if you ell on short term basis big danger is significant news comes out leading to a share price increase , so you may need to pay more to get back into the share. What value do you put on a £30m free cash flow company which PXC should be once in production in a year's time ? Hint its a multiple of today's £70m or so market cap. And that's without the other projects So yes there will be shirt term drop backs in price, but general trend is upwards.... we may never see 50p's again .... DYOR of course. But remember charts are only showing what happened in past, not a good basis to predict future if share price rises rapidly
papillon: The PXC Heikin-Ashi candlestick chart. Are we seeing the start of another rise in the PXC share price like that in July? Fingers crossed! If only I could predict the future I'd be a rich man instead of a pauper! Still I suppose I'll have to make do with being a handsome charmer! And a liar! 🤣🤣🤣🤣 free stock charts from uk.advfn.com
papillon: zb27 - 06 Aug 2021 - 12:13:58 - 4383 of 4870 Phoenix Copper (PXC) - PXC Would not be surprised with a 80p finish. A buy of 125k just popped up at 79.44p, well above ask. I'm guessing a big move up soon.mm's have nothing left. Whoever was going to sell at these levels have been rinsed, next leg higher now! >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> 🤣🤣🤣🤣 zb27? He posts over optimistic nonsense! He's best ignored. He's clueless! He's pumping. To be honest if you really believe in the longer term future of PXC then you would not be pumping it like zb27. Rather you would want to keep the share price low for as long as possible so that you could keep buying cheap shares. zb27 strikes me as desperate to push up the PXC share price as quickly as possible.
papillon: This PXC 3 year log chart is my fantasy. My porn! I've drawn parallel trend lines on the chart. free stock charts from uk.advfn.com Unfortunately one can't extrapolate the vertical axis on advfn charts. To get round that problem I compared it to the Bitcoin chart. free stock charts from uk.advfn.com No joy. So then I tried comparing it with the Dogecoin chart free stock charts from uk.advfn.com Success! If (a big IF) the present trend on the PXC log chart continues then by the end of next year the PXC share price could lie somewhere between £5 and £20. I think I'll have to have a cold shower before going to bed! Trends, unfortunately, don't last forever, but it's nice to dream! It's why PXC is my largest holding by far!
papillon: Rubbish, juju44. It looks like a "Flag" pattern is forming on the chart. That's usually bullish after such a steep rise. The rise from circa 50p to circa 80p (30p) would give the height of the "Flag pole". Of course you can't depend on chart patterns so whether it is bullish, or not, will depend on the imminent news flow. The direction of the PXC share price will depend on the next RNS's.
papillon: There is no double bottom formed on the chart, Devonlad. The golden rule about chart patterns is you have to wait for them to form; you cannot predict them. Anyway this is a share waiting for further exploration updates, which are due very soon. I don’t think charts will be of any use at predicting those exploration results!! All the PXC chart is capable of showing is current investor sentiment towards PXC. At the moment that investor sentiment is high otherwise the PXC share price would be lower than it currently is. There hasn't been that much selling considering there are many holders with substantial paper profits. They obviously expect further gains and who can blame them?
papillon: The PXC share price will gradually drift down, or go sideways, until the next good (or bad) news is issued. It's what happens with natural resource explorers/developers, especially if they have had a big rise recently, like PXC. It doesn't matter what people post on these bb's, whether they are rampers, or derampers. PXC is my largest holding, most bought sub 50p and I'm gambling the next RNS's will be bullish and push up the share price and form a new high. It's a fact that investors will await more news before buying. You'll always get a few sellers (nervous holders, or short termers who see something else they fancy), but new buyers will await news before buying (existing holders, like me, are fully loaded)
investorman33: Igbert, One further thing for you to dwell on as you have said its 'just intercompany accounting' giving a profit. 1 PXC has raised monety from its shareholders 2 PXC has lent money to its 80% owned subsidiary, Konnex, and charged an interst rate of 6%. Would PXC shareholders have prefered PXC to lend the money at 0% interst rate - which means the 20% minority shareholders have the benefit of 'free money' ? Of course not. PXC shareholders are happy to lend to Konnex at a reasonable rate (as defined in shareholders agrement) 3 And that is why PXC has an income stream of interst from Konnex - its lending money to an 80% owned subsidiary so doing at a reasonable commercial rate. 4 And as PXC has lent a resonaable amount of money to Konnex PXC gets a reasonable sized income stream from interest ...... and of course 20% of that is in effect being paid by the 20% minority shareholders So the 'its just intergroup accounting' doesn;t fully decsribe the situation does it. Its a mechanism to reward PXC shareholders for lending money to Konnex and a net cost to the 20% minority shareholders. Hope that helps to explain why its absolutely appropriate for the company (PXC) to make a profit even if the group is making a loss.
investorman33: Igbert Rather than complaining, perhaps you want to consider that the revenue in the Company comes from 3 sources : 1. Monies received from First Cobalt as consideration from entering into the earn in agreement on Redcastle cobalt. This enables Redcastle to be developed ahead of time with Frst Cobalt committing to spend all the costs to deliver a bankable feasibiulity study. Assuming a mine is built it will cost PXC peanuts as they will use the First Cobalt processing plant - so minmial cost as digging a hole in the ground is not expensive. And the monies received from First Cobalt and First Cobalt shares largely pay for all costs of acquistion of Redcastle and exploration to date. So at the moment PXC shareholers are getting a virtually free rise ! That is an extraordinarily good deal for PXC. 2 Interest charged on the loan from PXC to its subsidiary Konnex whoc is spending the money to put Empire into production (and exploration of REd Star and Navarre Creek). So the fact interest is high enough (with FC monies as well) to more than coporate costs shows that the inter company debt is reasonably high - in other words they have spent lots of money to ddevelop the projects to their current state. Something you say you want PXC to do but haven't worked out that is precisely what the Interims tell you. 3 Management Services I really don't understand your point at all...... its just a statement of FACT that under normal accouting rules the COMPANY reports a profit and as is made abundantly clear the GROUP (or consolidated result) is a small loss which should come as no surprise. Ignoring the point you make as its clearly personal to you, I'd suggest its a great set of acccounts. It emphasises a) Lots of cash in bank b) PXC has reasonable grounds to believe that debt or debt related instrucment (as Donald Pond say such an instrument is a preference share) without any more shares being issued. Clear enough for most. c) The amount of progress that PXC is making in developing the various projects. And by the way, the recent RNS''s on the establishment of a Board Level ESG & Sustainability Committee and the recent RNS on te establishment of an ADR programme are clear indications that the company will soon be marketed at American Institutions. You will also note that BNY Mellon, one of the largest financial institutions in the world, are sponsors of the ADR programme. They will only do that if they are happy that PXC has passed its Due Diligence scrutiny - athey don't want reputational damage from sponsoring dodgy companies. So having BNYMellon involved tells me that PXC have passsed boatloads of US lawyers questions. Maybe I could suggest that if you don't understand 'fundamental accounting principles' that you don't attack the company for abiding by the principles set in place for investor protection - IFRS was put in place because of the problems causeed in US by the likes of Enron. - so PXC very definitely DOES need to abide by those principles, whatever you may believe
Phoenix Copper share price data is direct from the London Stock Exchange
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