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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 |
| Top Posts |
|---|
Posted at 27/6/2019 15:03 by pantsonfire I attended the AGM, and was very impressed. I've already posted a little on LSE, and do not have much time today, so will complete early next week.I had my confidence in this venture strongly reinforced. The key was, in my opinion, whether they could deliver the project without harming our value. It was my opinion from the AGM, that whilst we may possibly need to raise a little more cash to support the finance(some banks cannot offer 100% loan, and require a portion of shareholder equity), this money would deliver finance specifically for the project to construct and operate, essentially ending the main risk for us. So, to answer my own question, I felt that our investment was being protected, with only low risk of relatively small dilution, but taking us through to production, and they still feel the company will get pay-back in the first year. The BoD were talking positively of their contacts with finance houses, and felt confident they could deliver this for us all. There were several questions from fellow investors, including one asking about difficulties US investors had to buy through their electronic platforms. A representative from OTC Markets was present and answered this question himself, specifically regarding the New York trading platform, and it is very clear that they are working closely with the company to resolve the outstanding issues in order to allow the company to trade electronically and without restrictions on the OTCQX Market. When this does happen there should be considerable demand from the US, and hopefully the share price will start to move up, as US buyers do show a real appetite. I met and chatted to all of the BoD and were very impressed by them, and the time they allowed a small investor. I'll write more next week. |
Posted at 17/6/2019 07:08 by zaphod99 Phoenix Global Mining Ltd (AIM:PGM, OTCQX: PGMLF), the North American-focused base and precious metals exploration and development company, will be presenting at the OTC Virtual Investor Conference on 20 June 2019. The Company will deliver a presentation at 11am ET / 4pm BST. To register for the event and watch the presentation please follow the link below. https://www.virtuali |
Posted at 29/4/2019 09:19 by goldrush See someone Bed and Isa'd 20,000 pounds worth. At least investors are starting to position themselves. |
Posted at 26/3/2019 17:43 by zaphod99 Phoenix presenting at this event in London on Thursday 25th April.hTTps://www.sh |
Posted at 25/1/2019 14:28 by zaphod99 “Industry analysts recommend investors buy shares of companies building new U.S. copper mines, a marked change from just 12 months ago when most recommendations were to hold.”Does anyone know of any companies building new US copper mines? |
Posted at 25/1/2019 13:15 by zaphod99 “The prospect of a copper boom in the U.S., where the Trump administration is pushing for mining permit approvals to be approved five times faster and where resource nationalism fears are largely absent, is starting to draw major institutional investors.” |
Posted at 14/1/2019 23:54 by zaphod99 Been in touch with the company after today's update and following the recent dip in the share price.All continuing to go well although from what I could gather, there were delays bringing US based investors on board due to compliance and regulatory reasons plus the complexities of setting up brokerage accounts and they ran out of time to get it all completed before the festive holiday period. Sounds like it will be wrapped up shortly. Recent negative sentiment across most markets hasn't helped so the share price has taken a hit recently even though trading volumes have been low. So we're likely to see US high net worth and institutional clients appear and once the OTCQX electronic trading is fully up and running there will be more liquidity and trading activity over there. Awareness will be raised over in US with some marketing activity. I get the impression that financing is not going to be a problem and future dilution is likely to be kept to a minimum with much of it being done via debt such as loan notes, rather than equity. Today's RNS has some interesting pointers on recent progress. "As reported throughout late 2018, mineralized drill hole intercepts were prevalent in multiple directions outside of the previously modelled open pit mine, particularly to the north in the newly discovered Red Star area. The 2018 drilling programme obtained numerous high grade interceptions, including grades of 12.05% copper, 20% lead, 5.83% zinc, 2.52g/t gold and 580 g/t silver, all of which will be included in the Q1 2019 resource estimate. Known mineralisation now covers a strike length of 3.5 kilometres within the Company's claim block. The April 2018 pit design covered 1 kilometre of this. The Company continues to believe that the Empire Mine Project, including the historically mined high grade underground orebody, represents a major mineralised system and will continue to explore the underground sulphide mineralisation potential of the Empire Mine in 2019, whilst looking to consolidate land holdings adjacent to the mine." Looking forward to seeing the updated resource figures which I believe we can expect next month or soon after. There should be a significant uplift on the previous figures in the PEA last April given the impressive drilling results since then. |
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 30/8/2018 10:18 by the_debt_collector zaphod99You 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. |
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. |
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