Share Name Share Symbol Market Type Share ISIN Share Description
Phoenix Global. LSE:PGM London Ordinary Share VGG7060R1055 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.075p 4.90p 5.25p 5.075p 4.90p 5.075p 28,740 08:58:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals - - - - 11.66

Phoenix Global. Share Discussion Threads

Showing 676 to 700 of 700 messages
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DateSubjectAuthorDiscuss
16/1/2018
07:14
Phoenix Global Mining - Appointment of Executive ChairmanhTTps://www.investegate.co.uk/phoenix-globalmining--pgm-/rns/appointment-of-executive-chairman/201801160700049409B/
zaphod99
15/1/2018
13:11
Well spotted Zaphod99, and indeed good news so it seems. To make reading easier, see text of article following; Phoenix Global Mining – Proposed new US Tax Regime and revised copper price forecasts boost valuation of the Empire Mine Phoenix Global Mining Current Price: 5.025p Market Cap (M): £11.5 EV (M): £10.3 Event BHC has increased the NPV of Phoenix Gobal’s proposed Empire SX/EW copper mine in Idaho to US$56.3M from US$36.3M. Following the release of the details for the new company tax regime in the USA, BHC has re-run its model for Phoenix Global using a 28% tax rate. Historically we had used a 42% tax rate, comprising a 35% Federal Tax and a 7% Idaho State Tax. The revised 28% tax rate comprises the proposed 21% Federal Tax and the 7% Idaho State Tax. Also, we have revised our longer term copper prices to $3.08/lb from $2.96/lb at the time of initiation on 8th August 2017. All NPV calculations are based on Phoenix Global owning 80% of the Empire Copper Project. Comment Copper Price Since our original Initiation Report the model had been revised twice reflecting the increase in copper prices on both occasions. These revisions correspond to our quarterly revision of the copper price forecasts, which are based on Bloomberg consensus figures. The first revision raised the NPV (8%) from US$36.3M to US$39.3M and was made in early October 2017. Now that the new quarter has commenced (January 2018), the forecasts have again been revised and this has pushed the NPV up to US$43.2M based on the updated copper price forecast over the duration of mining which is US$3.08/lb compared with US$2.96/lb in the initiation report. These changes impact the early stages of mining and therefore impact the NPV calculation significantly and reflect the current spot copper price of US$3.23/lb. Taxation We have now applied the new proposed US Tax Rates to the model. As discussed in the original initiation report, the valuation is extremely sensitive to the tax rate. Using a combined Federal and State Tax rate of 28%, the NPV increases to US$53.6M. Valuation At the time of the Initiation Report, we stated that “the valuation represented a Phoenix Global Mining share price of US$0.16 or 12p based on the 80% ownership of the copper SX/EW project alone. Under the revised assumptions these values are now US$0.23 and 17.3p. When the Internal rate of return (“IRR”) was calculated for 100% of the mine in the Initiation Report it was 29%. The marginally higher copper prices and significantly lower tax rates have raised this figure to 45%.
moreminer
15/1/2018
12:48
"Brandon Hill Capital posted a broker note on #pgm @voxmarkets hTTps://www.voxmarkets.co.uk/activity/86823" https://www.voxmarkets.co.uk/activity/107616?source=appThey've increased their current valuation from 12p to 17.3p
zaphod99
12/1/2018
08:55
Interesting article on cobalthTTps://www.bloomberg.com/graphics/2018-cobalt-batteries/?cmpId=flipboard
zaphod99
11/1/2018
08:25
Some news on the deeper sulpides can't be that far away.The initial diamond drill was done back in Nov.
sos100
09/1/2018
23:23
Noted. Also, details of Trump's proposed spending of at least $200 billion on infrastructure projects over the next decade, with the hopes of spurring an additional $800 billion in state and local funding are due to be announced in the next few weeks. Should be positive for US based resource producers.
zaphod99
09/1/2018
17:26
zaphod - also refer to my post 140.
snowyflake
09/1/2018
13:29
Interesting article on cobalt.If, or rather when, the cobalt projects reach production there should be no problem proving the provenance which should make our cobalt more attractive to US companies like Apple.hTTps://www.washingtonpost.com/graphics/business/batteries/congo-cobalt-mining-for-lithium-ion-battery/
zaphod99
06/1/2018
12:03
Yes a President backing the industrial heart of the US is exactly what this company would gain from. Whatever people’s view on Trump it would be good for our Stock. R
rampair
06/1/2018
11:47
mm - if you are referring to the lower sulphides, then I believe this month. I too have taken advantage of the low price. I also came a cross an article a couple of weeks ago about Trump's wish to support mining in the US in order to reduce reliance on imports of minerals.
snowyflake
06/1/2018
10:11
Morning Rampair, Yes indeed, added on the cheap. The future will hopfully learn how brilliant that move has been. Now looking forward to the resource update. Any idea when we can expect that? Cheers, mm
moreminer
06/1/2018
01:03
So, the very astute Geology team here picking up those Cobalt claims on the cheap played it well, Copper, Cobalt Exploration- what next? The share price rising!? R.
rampair
28/12/2017
08:05
zaphod - well found and thank you for posting the articles.
snowyflake
27/12/2017
17:33
hTTp://news.valubit.org/trump-administration-to-expand-domestic-mineral-production-citing-national-security/ hTTps://www.doi.gov/pressreleases/groundbreaking-report-us-reliant-china-russia-other-foreign-nations-many-critical Cobalt on the list. hTTps://pubs.er.usgs.gov/publication/pp1802F
zaphod99
27/12/2017
14:41
Copper, boosted by Chinese imports, hits 3.5-year high Copper prices leapt to three-and-a-half-year peaks on Wednesday. A jump in China's imports of the metal in November boosted expectations of stronger demand. "China's trade data lit the fire under copper. Sentiment is very bullish," one copper trader said. Published 1 Hour Ago Https://www.cnbc.com/2017/12/27/copper-boosted-by-chinese-imports-hits-3-point-5-year-high.html
andrbea
19/12/2017
09:52
paleje - there has been stock clearing through from the summer IPO. In my view once that is at an end and with news in due course regarding the lower sulphides, we should see an advance. We have an experienced board who have plenty to gain from success.
snowyflake
19/12/2017
09:25
True but the stock price isn't performing and that's what makes or breaks the warrants.
paleje
19/12/2017
09:07
I’d be concerned if they’d done it in the face of poor performance but that clearly isn’t the case given all the recent news which has been nothing but positive.
zaphod99
19/12/2017
08:23
:) this mornings RNS. Wish I could get warrants which extend their expiry dates if the stock isn't doing too well.
paleje
15/12/2017
18:24
Today Copper rallied 1.8% to $3.10 per pound.
andrbea
15/12/2017
10:08
We seem to be in the investing equivalent of a foggy day and no wind blowing ! Not quite sure of our position. Let’s hope things get clearer soon. R.
rampair
13/12/2017
07:10
Glencore bullish on cobalthTTp://www.telegraph.co.uk/business/2017/12/12/glencore-targets-key-role-electric-vehicle-revolution/amp/
zaphod99
05/12/2017
08:58
In Holland December 5 is the day we receive presents. Sort of an early Santa Claus. So this new 33 claims is a timely present. Lets see if Jay today also can deliver!
moreminer
05/12/2017
08:52
Very pleased they are expanding their landing - and historic grades look very good. Deeper sulphide drilling still to come this month.
chrisis33
05/12/2017
08:22
All for $6,995! Bargain!
igbertsponk
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