Phoenix Global Mining Share Discussion Threads

[goldrush] 24/9/2018 11:11

Guys

Looks like some people are starting to dip their toes in here.....

US listing only a few weeks away....and they would not go through all this without ensuring they will get the word out in the USA....there must be a PR Roadshow etc

[zaphod99] 18/9/2018 12:41

Meanwhile, the DRC becomes and even less attractive country in which to be mining cobalt.Look forward to updates regarding our cobalt prospects in due course.hTTp://www.mining.com/web/glencore-china-moly-face-higher-cobalt-royalty-taxes-congo/

[marmar80] 18/9/2018 09:04

If Oxus wins appeal and some money will be returned to us, I'll get some here via new broker. Now Saxo, my current broker, doesnt offer Phoenix on their online platform.

[zaphod99] 18/9/2018 08:56

Indeed. Not active yet.hTTps://www.otcmarkets.com/stock/PGMLF/overview

[snowyflake] 18/9/2018 08:50

marmar80 - shortly to be listed in the US

[marmar80] 18/9/2018 08:46

Morning. Is PGM also listed on US market?

[alcopop] 18/9/2018 08:18

Nice quote : These results are "game changing" for the Company

[zaphod99] 18/9/2018 08:03

hTTps://www.investegate.co.uk/phoenix-globalmining--pgm-/rns/2018-empire-drilling-programme/201809180700060357B/

[goldrush] 18/9/2018 07:51

Snowyflake

Great drilling results....this is exactly what will excite our US cousins !!

And to use words like “ game changing ....” in the RNS.....

IMHO

[snowyflake] 18/9/2018 07:20

I can tell from the enthusiasm with which Dennis Thomas has presented these latest results that he and his team are excited by what they are finding.

Alcopop - agree with your comment on Friday that this is undervalued.

Let us see what the Americans make of it on the US listing/

[alcopop] 14/9/2018 17:02

Good finish to the week ?Still massively undervalued

[zaphod99] 11/9/2018 19:07

Cobalt commentaryhttps://semiengineering.com/cobalt-shortages-ahead/

[zaphod99] 04/9/2018 08:37

Encouraging drilling resultshttps://www.investegate.co.uk/phoenix-globalmining--pgm-/rns/drilling-results/201809040700046339Z/

[the_debt_collector] 30/8/2018 10:18

zaphod99

You have made a determined reply, regardless of where CMCL are operating they stated exactly the same reasons as PGM. Nothing happened to their shares, in fact on the contrary, the consolidation from 50p to £5 simply killed AIM investors appetite and the stock fell to £4.30p at one point.

You suggest that the next placing will be filled by US investors, well let me tell you something, do you think these investors will want to come into junior play at a premium to market - no chance, it will be based on the AIM comparable price at the time.

In the meantime this stock can be easily manipulated (down) by the usual market shenanigans that occur on AIM.

I am amazed how directors, let alone PR 'gurus' have no understanding on how the AIM works.

Good luck, let us chat again at 25p.

[zaphod99] 30/8/2018 10:01

Cobalt forecasthttp://euanmearns.com/batteries-mine-production-lithium-and-the-cobalt-crunch/

[zaphod99] 29/8/2018 08:34

Updated presentation on the website:https://static1.squarespace.com/static/5914577386e6c0cd77e15c74/t/5b69fe0b2b6a28df76f5dffb/1533672988782/PGM+Aug+2018+Presentation+FINAL+Updated.pdf

[zaphod99] 27/8/2018 20:20

I'm not sure that direct comparisons with a company like CMCL, who are also dual-listed on AIM and NYSE OTCQX, makes much sense.

Phoenix's operations are 100% based in North America whereas Caledonia Mining have 0% of their operations in North America and their primary focus is in fact in Zimbabwe which has got to be at opposite end of the scale in terms of safe countries in which to operate.

Not sure that I'd be brave enough to invest in ANY company in Zimbabwe! A very high risk jurisdiction which might explain the lack of interest by US investors.

PGM's management have clearly stated that there has been considerable appetite at both institutional level, with declared interest by financial institutions in New York to get involved in the financing of the project, but also from private investors in the areas surrounding the mines who are witnessing first hand the operational activity in the area.

If there's to be any further placing in the near future it's likely to be to specifically satisfy initial US demand and to create liquidity on OTCQX rather than on AIM at the current low share price

One thing is for sure, junior mining companies tend to be rated and valued significantly higher on OTCQX than on AIM which may make PGM more attractive to US investors when peer-group comparisons are made.

Can't really see PGM being an attractive shorting proposition, especially at the current undervalued share price since there surely can't be much scope for further drops. Shorting normally works better with companies that are perceived to be overvalued rather than undervalued and trying to perform some sort of arbitrage strategy between the two markets wouldn't be possible. Also, you just never know when a rerating might kick off which could result in having to pay considerably more to close out any short positions.

On the operational side, we've only had drilling results from one hole so far, so we can expect further results soon.

Following the success of the last lunch meeting with some of the PGM directors I'll get in touch with them to propose another sometime in September. Will post again when I have a date.

[the_debt_collector] 26/8/2018 10:51

If they think the consolidation will drive a re-rate then think again, CMCL tried the same, citing demand for shares etc, the re-rate never came neither did increased volume, in fact one wonders if the cost will be worth it at all.

The BOD are clearly bemused that their share price has not reflected 'progress' but forget the market punishes co's with no revenue. Mr Shorter knows one simple phone call to a friendly broker at the next placing will allow the short to be closed. Rinse and repeat.

The consolidation will allow further share price erosion, just wait and see.

[alcopop] 26/8/2018 09:01

Thanks zaphod.

[zaphod99] 25/8/2018 12:38

From the recent RNS""I am delighted that the share consolidation was well received and duly passed by shareholders today. This will enable us to proceed with our proposed listing on the New York OTCQX Market. We have already been cleared by the relevant US authorities and are now listed on the OTC PINK market. Now we will work towards upgrading to the OTCQX Market, hopefully by the end of September."

[alcopop] 25/8/2018 12:07

When is the US listing happening ?

[alcopop] 15/8/2018 10:22

That'll be the one yes !First step to a secondary listing (US)

[jimlad] 15/8/2018 10:06

alcopop, don't you mean a consolidation.

jimlad

[alcopop] 15/8/2018 09:36

10 for 1 split happened today then