Phoenix Copper Share Discussion Threads

[sipptrader88] 17/1/2024 15:32

the 2nd hand equipment may be acquired at zero cost.....all part of the deal? JV? NDA?

[retirementplan] 17/1/2024 15:29

trader465: aside from ESG reasons, second hand stuff costs ..... wait for it .... less! Who could have known?

The amazing concept is that if you actually understand what your business is then you often know what 2nd hand equipment is worth, as well as its quality. Again, who could have known?

That RNS must be close. But, I'm not a trader in the traditional sense of the word. So, back to patiently waiting for the inevitable 🚀. Have a great day 🙂

[retirementplan] 17/1/2024 15:20

juju44 et al: considering this is going nowhere, why hang around? Rhetorical question.

[jasperthemonkeygod] 17/1/2024 14:21

yep, deffo an NDA would think

do you know what an NDA is, trader?

[juju44] 17/1/2024 13:57

Considering this is going nowhere why buy any equipment

[trader465] 17/1/2024 13:54

A brand new mine with rusty old secondhand equipment? Sounds good, what can go wrong? One wonders who is he buying this secondhand rubbish from? And how much of a kickback is he getting for transferring shareholders cash to the seller?

[sportbilly1976] 17/1/2024 13:40

Saucepan,

Economic models must include kit being purchased new.
Any equipment already purchased however doesn't need to be factored in (sunk cost), and supposedly there is an active second hand market for some of the kit required which Ryan intends to use

As a result, only the remaining 'new' kit required would be included in the economic plan ...thus enhancing the model.

[sipptrader88] 17/1/2024 13:38

All part of a bigger picture IMO....Perhaps a NDA is in play! ??

[boonboon] 17/1/2024 13:27

Because they want to release after bond news so Ryan can source second hand equipment, making the economic model look better.

[saucepan] 17/1/2024 12:49

As mentioned previously, what I still don't understand is what has happened to the updated economic model. This was supposed to be ready by Mid November!


Richard Wilkins (allegedly) quoted here on 24th October:

"...Ryan does not need money to start sourcing equipment for another 3 weeks or so, when the updated economic model (which looks good) will be ready. We are confident Ryan will have the funds when he needs them".


Anyone with any theories as to why the updated economic model has not been released? At the very least it could help to restore some confidence.

[greyingsurfer] 17/1/2024 12:45

I'd suspect the issue is putting together a package of buyers to buy whatever minimum amount company and purchasers think is the necessary minimum. No one is going to want to buy a package of bonds if they aren't sure others will and if it's not enough to get the company to production. Too much risk.

As for timing, no idea, but I don't think the RF plans tell us much. Part of the reason for it is presumably back up planning in case of further delays.

[klondykejohn] 17/1/2024 12:03

PXC should release a quantity on to the open market, if the sale succeeds then they can release another larger batch allowing work to commence on site.
The markets are awash with cash.
Although I am not party to the Bond rates for PXC bonds, surely the offer of a 10 year bond with some excellent returns and potential for additional wealth through increases in mineral prices must be attractive to investors.
Some Company news would be most welcome as DP and the board have become very quiet of late.

[haveapunt1] 17/1/2024 10:47

As I have posted before, don’t expect bonds to be away this side of Easter. This would explain the new facility which MAY lead some to conclude the bonds will not be finalised until close to the March RF deadline hence the need for the new favor as a protection play.

The one area I still do not understand is that the bonds being with the settlement agent would mean yield and coupon rate is not in debate (the bond is finalised in itself), so my guess is the discussions are around someone now actually “buying the bonds on the terms therein” rather than negotiating terms. Ultimately anyone purchasing the bonds needs to be in a position to potentially trade them on the open market, they are, after all a moveable investment for the bond holder.

I would suggest that getting them away is not proving as easy as one thought, as there is only so long you can be in “advanced discussions”.

Time will tell

[trader465] 17/1/2024 10:29

Why bother buying shares when trousering 250k a year risk free salary for a part-time job? Leave the share buying to the mugs.

[copper copper] 17/1/2024 10:20

RW mentioned not so long ago that all directors would be buying shares if they could, suggesting that they can't. Excuse my ignorance here, but I believe this is called a closed period. Why is this, and when will it become not 'closed'?? Time to put their money where their mouth is. Or is it conveniently 'closed' for the foreseeable until funding is decided?

[bumpa33] 15/1/2024 11:24

…riding bareback to the cry of “Hi ho Silver away…”

Rich history with Idaho and “cowboys”; 🙄

[trader465] 15/1/2024 11:15

He was last seen heading to Idaho with a spare pen

[bumpa33] 15/1/2024 11:12

just the diehards and the dullards left then eh, even cryptic Meg has gone silent…

[klondykejohn] 14/1/2024 11:17

I`m so jealous

[trader465] 14/1/2024 07:09

Yep, still on the booze and still shaggin cheap ladyboys 👍

I bet you wished you could afford to live here 🏝️
28089;🍷

[klondykejohn] 14/1/2024 00:43

Trade, are you still boozing over in thailand.. must be cheap beer

[retirementplan] 12/1/2024 18:27

It's commendable that you spend your time freely from dawn to past dusk on a Friday, warning naive buyers of their misguided attempts to... invest...their own money.

[trader465] 12/1/2024 18:14

A lot of naive steadfast buyers here are foolishly compounding huge losses on huge position sizes. Why would anyone compound a loss on an individual AIM stock? Especially one running out of cash.

This man talks a lot a sense, newbies should take note….
Averaging Down vs Cutting Your Losses?

[williamcooper104] 12/1/2024 11:48

Yep in effect it's underpinned by the share price/market cap not the assets of the company