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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Phoenix Global Mining Limited | PGM | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.00 | 15.00 |
| Top Posts |
|---|
Posted at 31/5/2019 20:52 by zaphod99 Snowyflake - would you be as confident if our assets were based in for example, Zambia or Chile or Indonesia or the Democratic Republic of Congo?Will financing be easier to raise on favourable and less dilutive terms given that our projects are in the joint highest ranked location for mining in the world?Will PGM, once it becomes a producer, be more or less attractive to larger mining organisations looking for acquisitions in a safe and mining-friendly jurisdictions?Even the majors like Vedanta, Freeport Mcmorran and Rio Tinto have experienced problems recently in Asian, African and South American countries with some pulling out or having concede control to local partners.I post these articles not to highlight the woes of others but to emphasise one of the major attractions of our assets being located Idaho.Resource nationalism, which seems to be increasing all over the world plus the ongoing trade wars, makes PGM are more compelling case. |
Posted at 30/5/2019 09:16 by zaphod99 Events over on Solgold (SOLG) emphasise the importance of location.Governments in Asian, African and South American countries appear to be accelerating resource nationalism and foreign miners are faced with having partners foisted upon them that they definitely wouldn’t choose themselves. The chart in the header showing the political risk becomes more important than ever. We really couldn’t be in a better location and it’s good to have support at local, state and national level rather than constantly having to battle against them. Not expecting PGM to experience issues with licencing, permitting, strikes or any of the other underhand tactics used by governments to restrict foreign involvement in their natural resources. |
Posted at 07/5/2019 21:27 by snowyflake porsche888 - I have invested in stocks for many years. I am and have been a member of various web sites and posted on several bulletin boards during that time.I have never, during that time, come across a poster who owns shares in a company and who is a member of a bulletin board who has never posted on that company's thread. I have searched through all your posts both since Phoenix was listed and prior thereto (for the evidence of any doubt)and not once have you posted on the Phoenix Global (PGM) thread until this evening. And that post is negative. I wonder why? |
Posted at 28/2/2019 07:52 by shavian Vox Markets podcast featuring PGM CEO. Plus bullish comment from John Meyer of SPAngel.As a bonus, interview with Neill Ricketts, CEO of Versarien, which was last night voted Share Price Star of the Year (for 2018, please note) at the Grant Thornton Growth Company awards dinner.Https://www.v |
Posted at 14/1/2019 07:14 by zaphod99 Phoenix Global Mining Ltd (AIM: PGM; OTCQX: PGMLF), the North American-focused base and precious metals exploration and development company notes the recent movement in the Company's share price.As announced on 24 December 2018, the Company completed a subscription to raise £358,099 at 28 pence per share. Directors and senior management all participated in this subscription. Despite substantial interest, aided by its recent admission to trading on the New York OTCQX Market, the Company confirms that a number of potential strategic and other qualifying institutional investors from the US were not in a position to close prior to the 2018 year end. The Company confirms that it remains in positive discussions with such investors with a view to completing a further subscription during January 2019, as foreseen at the time of the December 2018 close.The Company is not aware of any material change in its business or affairs that has not been publicly disclosed. |
Posted at 04/12/2018 13:50 by rampair The problem for DRC and tripling the Levy is that it pays to research the Cathode blend, this is where the Cobalt is going. However, in the short/medium term we cansafely say that Cobalt use will still be with us - as such PGM is well placed to Capitalise on US demand. The recent drill intercepts of high lead and very high Silver are quite intriguing it certainly is an interesting site that PGM has and I really am baffled as to why it has yet to reflect this in the Market. One explanation could be in the fact that investors look at headlines, We are known as Empire & it’s been correctly associated with Copper, however, now these different metals will add a bit of confusion to the layman (myself included) but basically it all boils down to one thing - what is the ore worth per tonne? Once a Feasability study gives us all an idea of the sort of return we can hope to get it becomes easier to understand- I guess in the meantime we could take advantage of the share price if possible. Good to see that management own a decent amount. Not advice, and as this is a complex orebody (for this holder!)DYOR.... - thanks to Zaphod99 for the work put in too. R. |
Posted at 03/12/2018 07:08 by zaphod99 Latest drilling results continue to impress!hTtps://www. |
Posted at 27/11/2018 10:55 by zaphod99 SP Angel posted on #PGM hTtps://www.voxmarke |
Posted at 27/8/2018 20:20 by zaphod99 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. |
Posted at 31/5/2018 21:38 by zaphod99 At the risk of sounding like a "company stooge" here's my review of yesterday's PGM lunch in London.First of all, many thanks to PGM for agreeing to host it and to Richard Wilkins for arranging the venue which was absolutely perfect. I'd previously met Richard and Marcus so it was good to meet Dennis for the first time and also to meet some of the other shareholders. I arrived fully prepared to hear something negative that might explain the continued weakness in the share price, however no such news was forthcoming and I left feeling even more confident that we're onto a good thing here and the share price will break out at some point to reflect the true potential. Throughout the 3 hours or so there were various chats, both one-to-one and as a group over lunch and I'll do my best to share what I can remember. Hopefully the other shareholders can step in if I've got anything wrong or if I've missed anything worth mentioning. Firstly, there was some interesting discussion around the company financing and after the recent placing which, as we know was oversubscribed, the company is well funded to see us through to completion of the BFS. As far as the actual mine construction financing is concerned, it seems that there may be opportunities to tap into the considerable interest shown by wealthy US investors in the Sun Valley which should hopefully reduce the dependence on conventional bank financing that inevitably comes with the usual painful banking covenants and conditions. There was discussion around some sort of merger with Exgen which would give us an easy route to a TSX listing. I was left with the impression that moves are afoot in that direction and it may well happen if an agreement between the two parties can be reached. As far as the various projects are concerned, the primary focus will obviously be on the low-hanging fruit that is the open-pit oxide mine which will provide serious cash-flow to help finance the underground sulphide mine plus the other projects. The conversation also suggested that the cap-ex could be significantly lower than expected due to some sort of deal to acquire the "yellow iron" (think caterpillar trucks etc.) that is pre-owned rather than new. The oxide mine seems to be just the tip of the iceberg and much more at higher grades lies hidden beneath, most of which has been unexplored to date. The Gordon Lake gold project in Canada looks to have very decent gold grades but apparently is best worked on during the Winter months when the ground is frozen rather than marshy as it tends to be at other times of the year. This will be dealt with in due course but it's there in the background and seems to be highly regarded by the team. Regarding the two highly-prospective copper-cobalt properties in the Idaho Cobalt Belt, such is the current global interest in cobalt that Dennis receives frequent enquiries from other parties (including I think he said, from places like South Korea) which he has politely rebuffed. A significant sum from the recent fund-raising has been allocated to exploring the two prospects in more detail to come up with the optimum drilling campaign. Much excitement here. There was mention of the great relationship with the governor of Idaho who is very supportive of everything PGM is doing. Richard mentioned that the governor has recently set up a dedicated office to deal with mining permits and licencing to make the whole process as streamlined and quick as possible. State and federal licencing now runs in parallel rather than consecutively, unlike in all other states, to further improve Idaho's position as one of the best states for miners. It's currently ranked as the 4th best US state for mining but the governor has ambitions to move Idaho even further up that particular league. Central Asian Metals (CAML) was mentioned frequently and they seem to be the 'role model' that the directors are keen to follow. I understand that within the first few years of production, the early investors in CAML received back in dividends the equivalent of their original investment. Not sure if the PGM directors have such lofty ambitions but the intention is certainly to be paying dividends as early as possible. There were some very useful and informative handouts with maps which give a great overview of current operations and future plans. I presume they'll be available to those attending the AGM on 11th June. I also had a look at the financial report to see if there was anything "hidden away" at the back. I'm no expert but there was no sign of anything, so unless they're using invisible ink or a vey small font to hide something, it all looks good. We had a couple of the other shareholders asking some seriously intelligent-sounding questions. I nodded along in a "I was just about to ask that" kind of way and I think I got away with it, but between you and me, much of the mining and geology-type stuff was way over my head. I can however, confirm that we have some seriously smart and well-researched PI's on-board and until such time as I'm found out, I'll continue to pretend I'm one of them. All in all, it was a very enjoyable and informative meeting with an excellent lunch and I would encourage other shareholders to come along to future events like this if possible. Anyone else who was there, please feel free to chip in to correct anything or add anything as you see fit. I've added a flag counter to this thread as requested. |
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