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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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 5.10 | 196,488 | 08:00:22 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.00 | 5.20 | 5.10 | 5.10 | 5.10 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Miscellaneous Metal Ores,nec | -1.54M | -0.0083 | -6.14 | 9.41M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 08:21:52 | O | 536 | 5.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 14/11/2024 | 07:00 | UK RNS | Phoenix Copper Limited Update on Corporate Copper Bond Financing |
| 07/10/2024 | 14:40 | UK RNS | Phoenix Copper Limited Block Listing Six Monthly Return |
| 26/9/2024 | 17:12 | ALNC |  EARNINGS: Zephyr Energy interim loss narrows; Eqtec expenses surge |
| 26/9/2024 | 06:00 | UK RNS | Phoenix Copper Limited Interim Results |
| 19/9/2024 | 06:00 | UK RNS | Phoenix Copper Limited Phoenix Publishes PFS for Empire Open-Pit Mine |
| 26/7/2024 | 18:20 | ALNC | IN BRIEF: Phoenix Copper renews Electra Battery Materials deal |
| 25/7/2024 | 13:50 | UK RNS | Phoenix Copper Limited Earn-in Agreement Renewed for Redcastle |
| 24/7/2024 | 06:06 | UK RNS | Phoenix Copper Limited Corporate Appointment |
| 15/7/2024 | 06:00 | UK RNS | Phoenix Copper Limited Change of Broker |
| 01/7/2024 | 06:00 | UK RNS | Phoenix Copper Limited Corporate Copper Bonds list on TISE |
Phoenix Copper (PXC) Share Charts1 Year Phoenix Copper Chart |
|
1 Month Phoenix Copper Chart |
Intraday Phoenix Copper Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/11/2024 | 02:15 | Phoenix Copper (PXC) | 12,175 |
| 13/4/2022 | 10:42 | Only worth 3.75p on fundamentals | 8 |
| 28/1/2021 | 21:09 | Pipex - Wimax - the next telecoms revolution | 28,146 |
| 08/8/2007 | 10:09 | OO7 FOR YOUR EYES ONLY | 6 |
| 27/7/2007 | 17:18 | Is Pipex the next gutter stock ! | 36 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 08:21:54 | 5.20 | 536 | 27.87 | O |
| 08:15:46 | 5.00 | 8 | 0.40 | O |
| 08:15:46 | 5.00 | 84 | 4.20 | O |
| 08:15:46 | 5.20 | 1,400 | 72.80 | O |
| 08:15:16 | 5.03 | 100,000 | 5,030.00 | O |
| Top Posts |
|---|
Posted at 18/11/2024 16:19 by klondykejohn I sold at a substantial loss. 39p down to 20p. and it hurt like hell, both financially and mentally. This was a company given great reviews in the Daily Mail, and I bought in to that "feelgoodfactor" after doing some research of my own.Does it feel good now to see the company down in the pits. No, of course not. This is the second Company this year that has cost me dear HZM being the other. As a comparison, HZM were actually building their plant, all was fine, directors were very well paid, then the money dried up. A massive fall from grace,. I just hope that PXC is not on a similar slippery slope. I don`t know what DP can say, but something was not right if the first $5m was released then money suddenly dries up and the bond lender needed more substantive information before proceeding further. Yet all those months previous of telling all and sundry that PXC is close to finally getting a backer, information must have been requested and answers given. Suddenly, the brakes were applied and MORE info is required. Smacks of one of two things to me, firstly, the Co. did not give correct information out, and/or, secondly, the lender is getting cold feet. I leave out the third option which is that everybody is happy and although there is a short delay owing to some updated information now being available, the monies will be released soon. I think the current share price probably negates option three. Right, going back to bed, got terrible covid and it hurts like hell |
Posted at 14/11/2024 12:50 by london07 And then you have PXC Vice President of Investor Relations saying the following about PXC on AAZ board! Totally flabbergasted, speechless tbh, absolute shot show, just dont know what to say..""My view is that PXC owns a project that is likely to have very significant upside. The question is whether existing shareholders will benefit. That's the challenge. I have never pretended otherwise": donald pond10 Oct '24 - 10:46 - 69484 of 70703 0 2 1 Bumpa, You have made your position clear on PXC. But its the next step in your thinking that makes no sense. If I shared your view that PXC was worthless, how would I be saving investors by telling them that? It would just become worthless a little bit quicker, perhaps. I don't think it is worthless. I think the open pit is a decent, low-risk starter pit. The bigger asset is likely to be in the sulphides below, as has always been the case. The big questions are, as they have always been, can the company fund the starter pit, and how big is the sulphide deposit. We don't know the answer to the latter question, but we do know that it produced 20,000 tonnes of high grade copper in the past, and the copper sulphides stretch for over 5kms and are open at depth and barely explored. As for the funding, that's all out in the open. My view is that PXC owns a project that is likely to have very significant upside. The question is whether existing shareholders will benefit. That's the challenge. I have never pretended otherwise. My aim is to have better informed investors that can understand the project, the risk and the opportunity is better detail so they can make a more informed decision. |
Posted at 13/11/2024 16:53 by kooba 24th July share price 20.25pPaul de Gruchy, Vice President of Investor Relations of Phoenix Copper, said: "I've enjoyed working with the team at Phoenix Copper and am delighted to be able to contribute further towards the Company's success as we embark on the exciting transition from being an explorer to a producer of copper and other metals. We have a number of developments planned to improve communications with current and potential investors, and I look forward to implementing these in the coming weeks."13 Nov share price 6.85p ( down 66% in less than that 4 months)DP be good to know about the developments planned to improve communications that should have already been implemented and how they are working out.It appears that the company is saying nothing anywhere as the price spirals down ,is this wise? How do you think you have done so far ..a company you knew well that had secured finance and was at an exciting transition point of becoming a producer ..PFS done all hunky dory surely ..do you think the 66% fall since appointment is just down to the malaise in small company's or do you think that it is down to significant unease at the lack of funding being available and the radio silence by the company. Do you think that investors deserve an update ? |
Posted at 31/10/2024 10:17 by kooba I would have thought with this company if they were going to get $25m of funding from the bonds under the legal subscription agreement within 5 months of first drawdown as we were informed by the CFO ( ie within 5 days) then the share price would be reflecting that positive development as currently the market is obviously very concerned about funding judging by the reaction to the news of the delays with the results and the prevailing weakness.It's now 6 weeks from the unsurprising and rather dull PFS and over a month since the PXC interims coming clean on the delays which prompted..."Cevdet Caner, founder of NIU Invest SE, reiterated NIU's confidence in Phoenix Copper's operations, stating: "NIU Invest SE confirms that Phoenix Copper Limited has our full support. We are in the process of reviewing the information in the recent feasibility study and expect to resume a revised drawdown schedule in the near future.""https://niu |
Posted at 19/9/2024 13:36 by dougmachin Today's definitely a massive step in the right direction. Not wanting to tempt fate, if the market really didn't like this, we would have crashed back to 11p.Positives: [1] The PFS is now out-there and we have a share price to build on now. I'm happy with the PFS. The economics of Empire pit were never going to be mind blowing.&n [2] An NPV of 7.5% over 8 years (post-tax) gives a share price "value" of 33.60p ($73.75m/221m shares). That's a share price 100% north of where we're at on Empire alone. [3] Less than 100 trades have moved the share price -18% with a buy-2-sell ratio of 1:2 (that's not really a universal "2-fingers" to the PFS) - about 33 buys and 66 sells, the reality is it's just a very illiquid share that will work positively in the other direction... eventually! [4] Empire is going to provide a working mine to process the Sulphides. So, we're basically getting the mine for the Sulphides for free and money to fund the exploration of those. [5] The BoD are going after the Sulphides a lot earlier than expected. This is still a reasonably large unknown, but has the potential to add massive value. PXC is a medium to high risk investment. The risk is still there in so many ways that "bashing" the company is so very easy. But... if those sulphides and porphyry are as big as we think they could be, then this investment is going to reward the patient enormously. Note to Juju - You can replace the NPV for 10-15% too, the points still stand. |
Posted at 19/9/2024 12:14 by sportbilly1976 From share price Angel morning note comment:Conclusion: The PFS demonstrates a robust project using the company’s metal price assumptions which are more conservative than share price Angel’s. |
Posted at 16/9/2024 07:16 by bigboyblue The 'brilliance' of the lse post escapes me. There is an obvious danger in choosing a particular point in time over which to make your comparisons. For example in April 2000 the share price was below 6p and the mcap was around £3m. As boon says, production was expected by the end of 2021, so what justifies the massive near 1000% increase in mcap since then?Alternatively, if you base your comparison on September 2000 the share price was around 50p and the mcap was around £30m. Let's just keep things in perspective and hope there is some good news on the way. |
Posted at 16/9/2024 06:39 by london07 A brilliant post from LSE, clearly shows why PXC should be worth multiples of todays price. Absolutely no doubt price will catch up very soon. Share price is NOT the company. PXC should be nearer 50p................. PXC is totally disconnected to FV = HUGE Opportunity14 Sep 2024 08:21 Market Cap 2020 - ~£30m 2024 - ~£30m That doesn't make any sense at all right 🤔 Let's see just some of the major intervening news and events which has seemingly added not £1 of value to the market cap in the last 4 years! Aug 2020 - Drilling results high grade results ✅️ Sept 2020 - Drilling shows high grade gold mineralization tick ✅️ Nov 2020 - Significant potential at Red Star 🔥 Apr 2021 - Land holding increased at Empire ✅️ May 2021 - Earn in agreement with First Cobalt Idaho ✅️ July 2021 - Empire deep sulphide drilling programme ✅️ Sept 2021 - Deep sulphide drilling intercepts 8.38% copper 🔥 Oct 2021 - Acquisition of Empire Mine royalty & Mining claims ✅️ Nov 2021 - Drilling intercepts High grade polymetalics 🔥 Jan 2022 - Red Star drilling, further copper, Gold, Silver, zinc 🔥 Jan 2023 - Further drill results ✅️ Sept 2023 - Empire Metallurgical Results from Empire ✅️ Oct 2023 - Navarre Creek drilling results ✅️ Mar 2024 - purchase of Empire Processing Equipment ✅️ May 2024 - Mineral reserve statement 🔥 May 2024 - $80m Bond Subscription 🔥🔥&# May 2024 - NC drilling intercepts consistent gold 🔥 Also, location should carry a premium in todays world. Huge shift to domestic production, and classed as a critical metal by the US. PXC has the highest level ESG credentials. Metal prices are alot higher now. With EV/GREEN revolution, future demand now looks explosive. And only 220m shares, unique on AIM. For PXC, everything has changed in the last 4 years, one thing that has stayed EXACTLY the same is the market cap 🤯🤯&# If ever there was proof that the markets were totally broken. Totally derisked, funding sorting, clear path to production, and from the rumours maybe an acquisition in the pipeline, who knows could be a producer alot quicker than many think 🧐 Let this all sink in, and just think for a decond about the opportunity the market is giving. Always DYOR |
Posted at 30/5/2024 17:25 by investorman33 KoobaThought it might be helpful if I try to explain a little more why PXC want to buy the 2nd hand equipment rather than using new by illustrating this using some numbers which are just guesses but likely to be correct within say 25% or so). Lets assume the capex required is Civil Works $40m plus New Equipment $60m (total $100m). So Plan A – Publish PFS today with new equipment will need to show Capex as $100m plus NI 43101 requirement of 25% contingency on equipment not already bought = $100m plus 25% x $60m = $115m Plan B – Ryan buying 2nd hand equipment before publishing PFS, and remembering AR says $1.1m spent to day saving around $7m which for simplicity I’ll call an 80% discount or paying 20% of new equipment cost. So capex used in PFS becomes Civil works $40m plus 2nd hand equipment priced at 20% of new price of $60m (ie $12m) and total capex in PFS becomes $52m If PXC follow Plan A and publish PFS with a capex of $115m having said we have a bond facility of $80m ……. Some Private Investors say PXC is NOT funded, share price crashes, blame BoD for lying when they say bond money can build mine. However if PXC follow Plan B and publish PFS with capex of $52m, then with a bond facility of $80m everyone says ‘wow we even have a contingency on top of money to build the mine’ So, yes Plan B may take 3 months to buy equipment but the PFS when published will be VERY acceptable versus ‘shooting ourselves in the foot’ by following Plan A ! I hope that better illustrates why buying 2nd hand equipment is good for everyone, even if it means an extra 3 months before publishing NI 43 101 compliant financial/economic information in a PFS or indeed outside a PFS ! |
Posted at 30/5/2024 13:24 by investorman33 I went to AGM yesterday and met up with more than a dozen other Private Investors for a beer afterwards.Lots of detailed feedback posted on Telegram from those attending, but other than one person who felt he should be given price sensitive information in advance of it being released via an RNS by the company, which seemed to be driving a horse and cart through AIM regulations, insider trading laws etc(!!), everyone was very positive after the AGM. We know the broad timescales for production (as posted previously maybe late 2025, H1 2026, its really in the hands of US permitting guys), equipment buying and most construction going on in parallel with permitting process, so once permitting done there will not be a long delay before production. Permitting involves getting maybe 80 possible permits, but PXC may not need them all - as an example the biggest issues for permitting is water (surface, rivers, groundwater etc plus effect on fish), but PXC has no rivers passing close to mine, its drilled for water but closest water is 2,000 feet down below ground level, there are no fish ..... so PXC gets a clear pass, its using dry tailings so no issues with tailings dams or water pollution, pretty much everything except dry tailings will be on land owned by PXC, not leased ...... so permitting should not be an issue other than timing. NGO's can object but PXC have already taken most of the important ones to site and explained the whole mining process to them, so everything is being very transparent. For me the highlight was the unexpected attendance of the Bond Holder who stood up and gave a short speech ( 5 or 10 minutes) on why he invested (he wants to get into the 'green space for metals - PXC is first of a couple of investments he's looking at), he's in for the long haul (unspoken but he only makes real money by holding for a couple of years, he can't easily sell the number of shares he has and even bonds are not saleable if PXC does not get into production), he likes and trusts BoD hence no Board seat, he will support PXC if needed but if another investor takes more bonds, he has no objection ...... etc. He received an impromptu round of applause. Overall, probably one of the best AGM's, if not the best, I've ever been to. |
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