Phoenix Copper Share Discussion Threads

[manouk2] 07/5/2020 10:04

goldenlady---see post 252

[goldenlady] 07/5/2020 09:16

I’ve been pointed here. Told it’s going to fly. Could someone give me 5 lines of key pointers. Risks and rewards. Ta!

[dave4545] 06/5/2020 21:46

Cannot work this stock out at times

All those resources and another director buy and we get just 18k traded today

[milliecusto] 06/5/2020 09:45

Seems more of the Bod, always a good sign

[zaphod99] 06/5/2020 07:05

Phoenix Copper Limited("Phoenix" or the "Company") Director Dealing Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, has been informed that Andre Cohen, Non-Executive Director of the Company, purchased a total of 50,000 shares in the Company yesterday at a price of 16 pence per share. 25,000 shares were bought in Andre's own name, and 25,000 shares were bought for his wife, Kay Cohen. Following completion of the share purchase, Andre Cohen is the beneficial holder of 382,809 shares in the Company which represents 0.73 per cent. of the issued share capital and total voting rights of the Company.

[jeanesy] 05/5/2020 19:55

Already feeling pleased with my initial purchase. Hopefully those who bought at much lower prices have taken their profits now. Looking forward to see how things pan out here . GLA

[dave4545] 05/5/2020 15:13

And me via 2 x 20k at 16.65p

[goldrush] 05/5/2020 15:09

Always good to have the Chairman topping up his holdings.

[zaphod99] 05/5/2020 14:48

Phoenix Copper Limited("Phoenix" or the "Company") Director Dealing Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, has been informed that Marcus Edwards-Jones, Executive Chairman of the Company, purchased 52,927 shares in the Company today at a price of 16 pence per share.

[goldrush] 05/5/2020 14:29

Can we get back to all square on the day.....will look good on the charts....IMHO

Well done jeanesy ....Hope you bring us all luck !!

[dave4545] 05/5/2020 12:49

That 50k at 12.75p was nuts

it was 21p bid the other day and now it's back to 15-18p

Wish they were selling it to me, just think how much money the mm's make out of this stock.

The day before tax year somebody sold around 220k for 4.5p, they sold that on for 6-6.5p

Their margins in this stock are massive

[jeanesy] 05/5/2020 12:26

i decided to make a small purchase this morning on the drop. Seems like even small buys or sells move this as the price rose immediately i bought !

[goldrush] 05/5/2020 11:32

Price looks to be firming and there are now 2 MM's on the bid at 13 ....Level 2 is 2 @13p v 1 offering at 15p

[pantsonfire] 05/5/2020 11:00

There's not many shares in the kitty, so when someone buys or sells, this share price moves. The problem is that the loyal shareholders are staying just that, loyal, so the float is small.
I want to highlight one point I noticed in Monday's RNS. The measured and indicated resources went up in value, according to my calculations, by over $200 million. That’s not a bad return considering they did that for just the £3 million raised in 2019. I say that is good management, good finance, and a board in control. I look forward to them raising our finance for Red Star in a similar way, and have every confidence they will do just that.

[goldrush] 05/5/2020 10:57

Dave

Yep someone did....maybe someone got caught on a trade....or someone who has managed to make a profit and cannot hold or by nature trades...no problems in doing so....it's in the price now....When you are over market size anything can happen as you know.

I am not surprised at a bit of a pull back but this looks too much....and is a good entry point for new investors and I see some have started to take the plunge....IMHO

[pantsonfire] 05/5/2020 10:55

I would guess they are profit takers, Dave, having made 100%. I'm not complaining, but I see no reason to change the very sound expectation that this share will bring us a ten bagger, within a year, maybe sooner, with potentially more into the longer term. It's all there in the reports, in the assays, in the official papers, and with everything being signed off by competent persons, auditors, etc, I have confidence.

[dave4545] 05/5/2020 10:28

Am I seeing things here

Somebody has sold at 12.75p

[investorman33] 04/5/2020 21:41

Snowflake

If things go as I hope/expect with Red Star it may well be possible to finance the 30m usd to put project into production from bank debt finance (30m is pretty small thee days), so no dilution. But nothing is guaranteed at this stage.

Once Red Star is in production with real annual cash flow, financing the Empire oxide project (with its billion dollar value of metal in the ground)should be a lot easier. But until we see more of the project eg likely required investment, its impossible to guess how to finance it.

A few other possibilities including sale of the cobalt project to its neighbour or forward sale of some metals etc, which might also minimise or eliminate dilution.

But with the huge upside, quite possibly a 10 bagger or more, do you care if dilution makes this a 5 bagger (ie 50 % dilution - doubt if it would be as much as this) to you or an 8 bagger (less dilution) or 10 bagger (no dilution) ?

[pantsonfire] 04/5/2020 21:01

When we get company reports, or speak with Phoenix directors, they have never said anything except that they intend to finance the Red Star project as far as possible through debt, and that they are confident to achieve that, and up to 100% if possible. If you look at the results presented this morning I can imagine companies queuing at the door to finance a venture like Phoenix. I can understand why some people have concerns, but may I say that if you delay investing here, then you may miss the bus. Like the classical duck hunt, by the time the ducks are lined up in the cross hairs, they have flown on.

[milliecusto] 04/5/2020 20:01

My understanding is loan notes and not dilution, I'm sure the mine will be cash positive before the proposed loan notes requiring paying, I'm sure it's in one of the Rns, but for a mkt cap of 10m, the potential is staggering

[snowyflake] 04/5/2020 18:50

Hi Goldrush - hope all is well with you. The trouble with Phoenix is raising the finance for the mine without a great deal of dilution one way or another.