Phoenix Global Mining Share Discussion Threads

[zaphod99] 02/8/2018 19:02

Looks like KAZ have been sent a very clear message by the market today that their proposed acquisition in Russia is not welcome. Down 28% today.

[zaphod99] 31/7/2018 19:01

Copper commentaryhttp://www.mining.com/copper-price-bears-shrug-280b-china-stimulus-package/

[snowyflake] 30/7/2018 07:10

Richard Wilkins sets it out in a succinct and clear way - well worth a listen.

[alcopop] 29/7/2018 21:50

Thanks for the info zaphod...

[zaphod99] 29/7/2018 21:26

Latest podcast by our CFO covering the proposed New York OTC QX listing.https://audioboom.com/posts/6943929-phoenix-global-mining-pgm-and-alan-green-on-feedback-fdbk-imc-exploration-imcp-and-cerillion-cer

[euclid5] 28/7/2018 10:47

IFM Indep Fund managers hold 7.05% as at 12 July 2018

Managed assets - CHF 4.7 billion

[snowyflake] 27/7/2018 11:00

czar - it is what it is and one has to recognise that. One of the tricks is to separate the "rogues" amongst ceos and chairmen of AIM stocks from those who want themselves and their shareholders to succeed. It is the latter one should support and invest in their companies.

The board of Phoenix have their own money in the company and strike me as people who want to succeed both for themselves and their holders.

I remain invested.

[czar] 27/7/2018 09:54

And now insiders are buying, this should do really well when its dual listed, AIM is a waste of space really.

[snowyflake] 27/7/2018 07:36

Popular apparently at the recent roadshows in NYC; even locals in Mackay want to buy stock as they watch the lorries going up the mountain and they see the lights from the rigs.

It is a good move by the board.

[thetrophyman] 26/7/2018 23:25

I'm not in yet but I did listen to the recent podcast... seems a perfect play by the CFO, especially given the current political situation... Idaho - republican since the fifties... I need to research more but I reckon the investment potential appeals to the American Made Brigade ... imo

[zaphod99] 26/7/2018 09:27

Interesting cobalt article on BBC.https://www.bbc.co.uk/news/amp/business-44732847"The precious metal sparking a new gold rushGold once lured prospectors to the American west - but now it's cobalt that is sparking a rush.Cobalt mining has not happened at any sort of scale in the United States for decades.But a handful of mining companies are now staking claims at sites in Idaho, Montana and Alaska in search of the silvery blue mineral.They are striking examples of the growing interest in cobalt - a key component in the lithium-ion batteries that power electronic devices and electric cars.In the past, cobalt supply depended on the markets for copper and nickel, more valuable metals that are typically extracted alongside cobalt.But with cobalt prices on the up and consumption projected to rise by between 8% to 10% a year, its status as a by-product has started to change, says George Heppel, senior analyst at research firm CRU Group in London.About 300 companies worldwide are now on the hunt for cobalt deposits, CRU estimates.Mining giants such as Glencore are also boosting production in the Democratic Republic of Congo (DRC), where most of the world's cobalt is found.In the US, limited cobalt production started in 2014 for the first time in about four decades.Canada-based First Cobalt bought a mine in Idaho this spring and hopes to get it operating in about three years.Cobalt, rather than copper or another metal, is its main focus for the mine, says chief executive Trent Mell."Miners like us have never actually gone looking for cobalt," he says. "There's a lot of cobalt in the world. As miners, we're behind."Cobalt consumption is expected to exceed 122,000 tonnes this year, up from about 75,000 tonnes in 2011, according to CRU.The price per pound (the measure used for cobalt) has risen above $40 this year, compared to about $20 in early 2011, and are now at about $32.Although increased production is likely to help meet demand in the next few years, analysts say shortages loom by as soon as 2022.The market dynamics have helped to build confidence, says Fiona Grant Leydier of eCobalt, which has revived plans for its own cobalt mine in Idaho that were first mooted in the 1990s.The firm, previously called Formation Metals, now expects production to start towards the end of next year."The fundamentals for the cobalt market are so strong in a way that they have never been before," says Ms Grant Leydier. "We have a lot of interest from financiers, from potential partners and from potential employees."After ore containing cobalt is mined using explosives, it is taken to be refined and turned into metal, blends or chemical concentrates for use in products such as jet engines, drones and batteries.More than 60% of the world's cobalt is mined in the DRC, while China is the world's leading producer of refined cobalt.But as demand for cobalt has risen, so have concerns in the US about its reliance on imports.In February, the US added cobalt to a list of 35 minerals deemed critical to the economy.Companies active in the US say they hope their "made in America" status will help speed up government approval for their plans and set their product apart from imports.They say concerns about corruption and child labour at mines in the DRC have also created pressure for buyers to find new sources of supply."There's a few places where you can get ethically mined cobalt and we want to be one of them," says Michael Hollomon, chief executive of Missouri Cobalt. "We would like to think that that gives us an advantage."The company plans to start producing cobalt from an old lead mine in Madison County, Missouri this summer. It has an estimated 35 million pounds of recoverable cobalt, making it the largest such reserve in North America.Nevertheless, the realities of where large, high-quality cobalt deposits are found globally mean the US will never be able to completely stop importing cobalt.In fact, analysts expect the DRC's share of global production to increase as mining firms boost their activity there.China is also expected to remain the world's dominant player for refining cobalt, even as new facilities start operating in Europe, North America and elsewhere in Asia.Even though US companies remain a tiny fraction of the market, they may find they are able to command a premium price for their materials, says Caspar Rawles, an analyst at Benchmark Mineral Intelligence."Every company in the supply chain is looking to reduce their geopolitical risk, so I think any project outside of the DRC is in a strong position in that sense," he says.The challenges remain significant, with the cost of setting up a mine running to hundreds of millions of dollars. The volatile price of cobalt presents another uncertainty.Meanwhile, the rising cost of cobalt is pushing companies to find ways to reduce reliance on the mineral.Gerbrand Ceder at the University of California, Berkeley is conducting research into ways of creating stable batteries that do not need large amounts of cobalt.However, he says deploying such technology at scale - especially in cars - is at least five to 10 years away. "I think there will be quite a lot of cobalt used for some time to come."

[snowyflake] 24/7/2018 07:40

Agreed czar - it is undervalued as it is without the US listing.

[czar] 24/7/2018 07:29

When this get listed in the US this stock will double imho.

[snowyflake] 24/7/2018 07:09

The announcement today is well worth supporting. I am also looking forward to some results from the latest drilling.

[zaphod99] 19/7/2018 17:48

Copper outlookhttp://www.mining.com/web/citi-sees-copper-steroids-trump-slump-masks-shortage/

[zaphod99] 16/7/2018 13:10

Notification of major interest in sharesMorebath Fund - 7.05%https://www.investegate.co.uk/phoenix-globalmining--pgm-/rns/tr-1--notification-of-major-interest-in-shares/201807161018347410U/

[zaphod99] 02/7/2018 15:30

Executive chairman has bought a few more.

[zaphod99] 26/6/2018 08:34

The podcast mentioned by Snowyflake is available here:https://www.voxmarkets.co.uk/blogs/europa-metals-euz-reabold-resources-rbd-phoenix-global-mining-pgm-malcy/

[snowyflake] 24/6/2018 12:52

It is worth listening to the 19th June VOX interview by Justin Waite of Dennis Thomas for a general catch up on what is happening at the Empire Mine.

We should have various updates from now to November of the results of the current drilling programme.

[goldrush] 23/6/2018 05:41

DavR0s

Sorry to hear that but you must do what you are comfortable with.

zaphod99 and Snowyflake

Many thanks for your updates and insights on the company.

[davr0s] 22/6/2018 17:43

That's me out today - gave it lots of room but in the end capital preservation comes first no matter how good the story may be

[zaphod99] 19/6/2018 21:53

https://www.bbc.co.uk/news/av/world-europe-44529509/will-norway-s-electric-plane-take-off

[zaphod99] 19/6/2018 06:51

"Cobalt-focused miners eye the perfect storm with demand set to double"