Phoenix Copper Share Discussion Threads

[dave4545] 22/5/2020 14:06

Massive shake by one sale below the bid for 20k at 20p

Laughable at how many mm moves that caused

[goldrush] 21/5/2020 12:53

That's more like it !!

A 90,000 purchase at 23p this morning at 8.32 a.m.

[zaphod99] 20/5/2020 20:38

Fear of dilution may have scared away some potential investors here but the board have always maintained that the financing will be primarily DEBT rather than equity based.Mine construction financing can even be 100% debt so it's wrong to assume punitive dilution is inevitable due to the low market cap.Waiting until the financing has actually been raised may seem like a sensible, cautious approach but by then, the ship will have long since sailed.

[investorman33] 20/5/2020 14:56

Manouk2

Broker notes confirming previous expectations of circa $25m -$30m to put Red Star project into production and they think it can be done mainly by debt by itself, maybe small number of warrants, so no 3rd party investor required.

Would be worth another read of the broker notes as most independent info available. And obviously no guarantees - by the time this is guaranteed share price may well be multiple times current price !

[pantsonfire] 20/5/2020 09:43

No need SeaGreen. I agree, I can't get over the exceptional value that this company represents. Look at the resources in the ground. Listen to the management, and the positive noises they're making. This is today a company valued at £11 million, with approx $1 billion of identified resources. that's crazy man! Just crazy! Anyone dropping in, can you explain to us why you are not buying?

[seagreen] 20/5/2020 09:09

364 and 365........I will get on the naughty step appologies...then its ridiculously good long term value lmao

[manouk2] 20/5/2020 08:42

Once the initial drilling is complete, and on the basis that the outcome is really positive, how much needs to be raised to enable the metals to be recovered, and will this be better achieved by a fundraise of considerably more than the current market cap or by a partnership with a third party? Presumably the board is considering this---hence the broker notes and company presentation warm up exercises

[investorman33] 19/5/2020 19:07

Uncanny - Silver bobbling around the US$ 17.40 price, whilst gold doing the same at US$1740 price at the moment.

Makes the ratio pretty easy to calculate though !

[goldenlady] 19/5/2020 14:52

Seagreen, let’s get this right, please. The market cap is today not far from £10 million. That represents a real bargain considering all the resources and the professional and mapped out plans leading into production and cash flow. I guess you made a typo, but I feel it worth reinforcing the scale of this opportunity. This company could be worth a billion in just a few years. I’m a newcomer, but every way I look at this I see good signs. My money back perhaps in weeks, then freeloading into mega profit.

[goldrush] 19/5/2020 14:05

seagreen

The current market cap is only £11m not £20m.....that's where we should be on good drilling results....🤞🤞

[seagreen] 19/5/2020 13:56

People get a tad fixated with the share price and not zero in on the market cap ~(currently only £20m)~ if the initial silver production funds the gold effort ,,,it could then bring on the copper when the world recovers etc.....with careful planning this could be a 50 to 100 bagger over 5 to 10 years.........But mining is not straight forward ...(although the copper percentages are a tad exciting for the future)......

[goldrush] 18/5/2020 21:07

On reviewing the Presentation here are a couple of points which I particularly like and are new, highlighting our emphasis on gold and silver-

1) Slide 4 Empire Pit
- Drill High Grade Gold Zone July to October.... then PEA Q4.

2) Slide 4 Navarre Creek Gold Zone
-Geochem and Gephysics June to October

3) Slide 7 Highlighted Lenie Wilkie ESG Programme Coordinator
- This is great PR that a prominent local environmentalist is a leading light in our development. There are going to be some wonderful media articles etc as this moves forward. All part of getting the community involved and picking up USA shareholders IMHO

[trad3m3] 18/5/2020 15:52

Too late people are making run for the mines, and this one has silver lots of it!! And most people will buy silver as cheaper than gold. Hunt for the dip..?

[dave4545] 18/5/2020 15:49

Strong as it gets !

18-22p awful spread

Sell at 19.15p and 22p offer online for just 1000 shares

Will somebody come along and gift their stock back to the mm's at 19.15p and help out the squeeze for the mm's ??

[seagreen] 18/5/2020 14:02

Pants the oxus boys are no fools and in particular the geo.....Marcus is on cloud 9 apparently .....they may need to change the name lmao.... To Phoenix silver and gold and etc

[goldrush] 18/5/2020 13:23

Pants

As I posted on Friday from Kitco.com the prediction of Silver in triple digits at $100 an ounce would put us at £5 a share with Red Star alone 🤠.....Let's get the good drill results first.....🤞

[pantsonfire] 18/5/2020 12:41

Hi seagreen. You are absolutely right about Silver. Not only today, but in the last 2 weeks it has gone up by almost 15%. And since red Star is primarily a silver mine, that could rather change the economics! That's a very bright smile indeed for Phoenix.

[investorman33] 18/5/2020 12:04

Good morning Pants

Did you also see the timeline published ?

The first 20 holes of 1500 metres drilling (RNS 28 April announced it commenced on 27 April) should only take a day or so to drill as they are only an average of 75 metres, add on a day or even two days to move drill and that's 3 days per hole (and that's generous) so 60 days maximum in total to do drilling which means the original drilling should be completed before end of June (although with assays taking maybe 5 - 6 weeks to return we may not know all the results until sometime in August).

But the timeline shows drilling to end August and assays back before end September.

Me thinks we can read into that :
- the drilling is going well in terms of metres drilled, 21 days after they started they maybe half way through the drilling programme already
- even though they need the independent assays to confirm results, they will be able to see visually from the drill core whether its coming up with the expected results

and they've already decided to increase the drilling at Red Star whilst the drill is on site, maybe an extra 10-20 holes which will increase the resource size A LOT. There's no other way to explain that timeline - and as the original 20 holes was budgeted at $700k, they've got the funds to do the extra drilling.


That timeline also shows all the steps for Red Star going into production.

Don't think its confidence, management KNOWS Red Star is a goer, and $25m-30m is a snip to raise to put it into production (and minimal dilution - it'll be mainly debt).

[seagreen] 18/5/2020 11:48

Silver shinning today ....almost as bright as the smile on the board

[pantsonfire] 18/5/2020 10:57

Good morning Zaphod. Thanks for that. Did you notice in the presentation the news that production is planned to start before end 2021. That's an update for the company presentation, and is great news. They must be very confident about that now.

[zaphod99] 18/5/2020 07:05

Phoenix Copper Limited("Phoenix" or the "Company") Corporate Presentation and ResearchPhoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, is pleased to advise that an updated corporate presentation is available on the Company's website at hTTps://www.phoenixcopperlimited.com.In addition, Hardman & Co has released its research on the Company titled 'Potential world-class copper-gold-silver mine'. The research report can be viewed on Hardman & Co's website at hTTps://www.hardmanandco.com/team/paul-mylchreest.

[zaphod99] 18/5/2020 06:18

Silver now over $17/oz having moved from 16/oz in less than 3 days.

What was it that analyst said about each $1/oz adding an estimated 6.2p-6.3p per share?

All being well, Phoenix will be a serious silver producer by the end of next year and that’s just for starters.

[onedayrodders] 16/5/2020 19:33

cheers goldrush ... currently not in AAZ.
I jinxed that stock when I bought last year. !

[goldrush] 16/5/2020 00:12

ODR

Many thanks for getting in touch and popping in. We await the drilling results which will be released over the next 5 weeks or so.

Hope your other plays work well for you and of course we get the right results at AAZ next week from Bill's presentation and news.

atb

g

[onedayrodders] 15/5/2020 20:55

thanks goldrush .. on my watchlist.. will need another play to work out and sell hopefully before good news here