Phoenix Global Mining Share Discussion Threads

[rampair] 03/2/2018 13:08

That’s amusing to think of sending Directors to the US to promote a company that has no listing there! If anything a listing on TSX V would assist simply because a lot of Canadian exploration & Production companies surround our Cobalt licences.
I would definitely roadshow the U.K. simply due to the lack of US mines available to
UK based investors!

I also agree with Snowyflake, this company is only months old and suggestions can help in a positive way, but I think setting up a shadow board would be counter productive.

We have a good asset & when the Tax break is 3 times the MCap we have a lot of upward
room in terms of share price

Sometimes after an IPO it’s like getting off a Train in a crowded station - it takes a while to adjust to all those shareholders! They weren’t there 7 months ago.

I hope that this B.B. can come up with positive information we find out about interviews etc, this coming year is time for getting the Environmental baseline set up
Social interaction and working from the new Data on an exploration plan to best get our company moving forward, Konnex are the guys on the ground - any info on them yet?

R.

[snowyflake] 03/2/2018 09:54

Activist groups are something that I am not really into; they can damage PI's interests by damaging the company.

PGM is an embryonic company. As such it needs to build a loyal shareholder base.

I do not know if you have listened to the VOX interview this week by Justin Waite of Marcus Edward-Jones (chairman)and CEO Dennis Thomas.

At the end of the PGM section (it starts at circa 19 minutes) M E-J makes the point that they are thinking of road shows in the US to promote the company.

It might be advisable to build the shareholder base in the UK where the company has a listing!!

[moreminer] 03/2/2018 09:04

Snowyflake, good morning to you.

Perhaps we can form some kind of activist shareholders group and then contact the board and share some ideas with them?
Maybe our small group of pi's have over 5% of the sharecapital of PGM, so we will be heard.
I am in.

What do you think?
Good weekend,
MM

[snowyflake] 02/2/2018 19:35

Zaphod - I have noted this before but President Trump has stated that he wishes USA mines to succeed in order to diminish imports of metals and minerals.

That fits in with his reductions in corporation tax since the net result should be that US companies which had "exported" their jurisdiction to countries which had a lower rate of corporation tax start to repatriate their business to the US jurisdiction.

Some would call that protectionism - it certainly makes common sense whether it is or it is not.

Promotion of US mines should therefore by extension help Empire and thus PGM.

Part of the reason for the muted share price is the lack of communication with private shareholders who have an enormous amount to contribute if the board are fortunate enough to have a supportive shareholder base. It takes time to build that support. It does not take long to lose that support.

A look at the QCA note by solicitors Harbottle and Lewis gives good guidelines to the directors of smaller quoted companies and I highlight understanding the needs and objectives of shareholders.

Further, promotion of the company and its assets has been hitherto poor.

[zaphod99] 02/2/2018 18:53

Interesting podcast.3 points of note:If I'm reading it correctly, the recent deeper drilling was to identify the structure at the sulphide level rather than to ascertain the expected grades.The recent reduction in US corporation tax from 35% to 21% could be worth around $50m over the 10 year life of the mine which is equivalent to more than 3 times the current market cap!They seem keen to give investors in the US the opportunity to get involved. Will be interesting to see what develops on that front, especially given the somewhat muted share price reaction after all the recent good news.

[moreminer] 02/2/2018 14:41

Well spotted, thanks.

[sos100] 02/2/2018 13:53

PGM around 19mins ,better explaination on significance of the latest drill results..

Dennis Thomas explains it well - The focus was identifying the Skarn Structure (not the grades),and this was achieved.Suprised they didn't mention the PEA which is suppose to be coming out soon..

[rampair] 02/2/2018 08:14

And play right into the hands of US Cobalt explorers!
Thanks for the links, people simply copy and paste it into browser header, or you can remove the https and re type it in to turn the link blue.

Cheers
R.

[zaphod99] 02/2/2018 07:35

hTTps://amp.ft.com/content/91c14b2c-068b-11e8-9650-9c0ad2d7c5b5"The Democratic Republic of Congo is heading for a stand-off with some of the world's largest mining companies after legislators passed a revised mining law that is set to increase taxes on cobalt, an important metal for electric vehicle batteries.""Royalties for cobalt could jump from 2% to 10%"

[snowyflake] 01/2/2018 21:16

zaphod - thank you for arranging the header,

In addition to your point about Idaho being a safe jurisdiction, The President of the USA appears to be supportive of mining companies in the US.

Dodgy countries which do not support investors from the outside will soon find that that the quid per quo is that such investment dries up. Time for Messrs Turner and Wilkins to succeed where they failed through no fault of their own with Oxus Gold.

[zaphod99] 01/2/2018 20:57

@Rampair - Value The Markets link added to the header.

Will also add charts for cobalt and tungsten.

I was an early investor in Oxus Gold which could and should have been a massive success had it not been for the Uzbek Government turning rogue and effectively stealing the mine.

Very pleased that PGM's projects are in the safe haven of Idaho, USA.

Have been keeping a weather eye on peer miners like CAML and ARS but have resisted investing. My gut feeling, having been through it with Oxus, is that at some point the corrupt governments in dodgy countries like Indonesia and Kazakhstan could start making life very difficult for foreign operators.

[rampair] 31/1/2018 22:24

Zaphod, please can we keep that value the Markets link? I think it’s important that any new shareholders or people researching should be able to read it.

Perhaps we could put research links at the top?

After all, you started the thread & have been a stalwart supporter here from before the IPO. May I ask how you got to hear of the Company?

Rampair.

[snowyflake] 31/1/2018 21:10

zaphod - many thanks for the value the markets note.

I cannot believe the board have suddenly done some promotion!

What made them wake up to what is necessary to get the market to take notice of the company, management and assets? A reality pill?

[rampair] 31/1/2018 20:53

Yes, there is an ownership “tree”on the website presentation from last November
Page 24 gives the whole outline.

[tribal dance] 31/1/2018 19:38

To clarify an earlier post:
Konnex owns 100% of the Empire mine. Konnex is owned 80% by Phoenix and 20% by ExGen Resources (TSX-V).
Ryan McDermott, who bought the shares, is the CEO of Konnex and runs the project on behalf of Phoenix. Ryan buying shares is indeed a huge vote of confidence, as is the Phoenix directors buying

[shutittrev] 31/1/2018 17:29

Always a good sign when a director gets his hand in his pocket. Good luck all.

[rampair] 31/1/2018 17:28

I’m happy when Directors buy, I note the Driller bought the most in the US.
Konnex own 20% of the mine so I’d say he is showing the Brits how to do it.
They operate the business on the ground
and, as such know the quality.
He bought 7x more than the Chairman!

Good sign & I hope he makes a fortune!

[zaphod99] 31/1/2018 16:16

Director dealing, usually a good sign.

[rampair] 30/1/2018 15:43

Here is a link to Salau mine (Couflens)which the CEO refers to.


The earlier report in November stating our minerals in situ.



Records from the mines past.

[rampair] 30/1/2018 15:00

Well, personally I think they suffer from a lack of promotion- if you visit the website and look at the November 2017 presentation the share price went up. They floated at 4p
it is a bit daft when they have a low cost base, they have Copper, Silver, some Gold
Zinc and now the promise of Tungsten! All of these metals have risen in 2017
The presentation stated that there was a total of $1.1Bn in the Ground. Since then we have got a Couple Of promising Cobalt properties and today they put out the news that they drilled the ground under the proposed Oxide pit & there was more copper and some Tungsten.
With a current projected 7000 tons Copper a year from 2020 returning a gross $49m a year people think that a Mcap Of £9m is enough!

Well I don’t think like that & with Copper at this level, this under the radar stealth
Bomber is going to drop cash on Shareholders- if I explain that in the war this mine was pushing out 2% W (Tungsten)

China has 85% of the Worlds Tungsten.Their stated policy is to move up the value chain and stop exporting it. They want to make the drill bits and machine tools.

DR Congo about the same in Cobalt.

Copper will likely be in Deficit by 2020
The company has all 3! Plus a shed load of Copper money coming in to explore - low tax and the US is pro mining.

Sometimes it can be frustrating, but with new Exec Chairman hopefully the word will finally penetrate - in the meantime put it away and look back and smile wondering why it is that when stocks get cheap we never buy enough.....;-)

R.

[moreminer] 30/1/2018 11:54

Quite an read this exploration update.
And it seems good or even very good news.

But, as my brain is very small, Rampair can you be so kind to share your thoughts on these figures?
Thanks, MM

[davr0s] 30/1/2018 08:46

Hmmm not that interesting by initial market reaction

[sos100] 30/1/2018 07:23

i think this will get interesting over the next few months..



Dennis Thomas, the Company's CEO, said, "I am very pleased to report that the results from our two deep exploration core holes have confirmed that favourable ore-hosting geology does exist below the current oxide resource and that higher grade polymetallic mineralization is present in the skarn structures at depth. Both of the core holes intersected mineralised skarn over much of their length. As we can see from the analytical data, both drill holes intersected numerous intervals of significant copper, gold, silver, zinc, lead, and tungsten, the latter being particularly exciting as it positively reinforces the predictions of the Empire system hosting significant values of tungsten at depth. We have gained valuable information regarding the polymetallic "roots" of the mineralised system at the Empire Mine.



"Historically, production from the mine was at a head-grade of between 6% and 8% copper and this new information enables us to target additional, higher-grade zones at greater depths and along strike. The recent acquisition of the Horseshoe Mine, adjoining the Empire Mine, has considerably increased the strike length of the mineralised structure under the Company's ownership, further adding to the exploration potential for both oxides and deeper sulphides. It also reinforces management's conviction that the underlying sulphide portion of the overall Empire/Horseshoe skarn orebody represents a considerable exploration tonnage target, drawing comparisons with skarn orebodies in very similar geologic association and settings such as Cantung in Alaska and Salau in France, in which economic values of tungsten occur at depth."

[zaphod99] 30/1/2018 07:07

Exploration update:hTTps://www.investegate.co.uk/phoenix-globalmining--pgm-/rns/exploration-update/201801300700032661D/