Phoenix Copper Share Discussion Threads

[zb27] 01/3/2024 08:46

Boon - it's all done, relax, you can stand down now 🤣. You have been so fixated with the RF, like a full time job, just wondering what you will be doing with all your spare time now 🤣

One thing everyone knows, you don't have a single share here, cannot understand the incessant interest, it is quite sad really, however you are not alone, there is one of you on every messaging board 🤦‍a94;️. You only have 1 life, live your best life 🤷‍a94;️

Funny thing with the FUD trolls, when share price is rising, they will go MIA 😂

[boonboon] 01/3/2024 08:44

Or maybe they should have been clear from the start? If I say I'm out of the office until the 1st of March I expect most people would think I'd be back in the office on the 1st of March.Anyway even if you've clarified doesn't mean I have confidence it will get done today. We've had too many broken promises from this board.

[deuchar] 01/3/2024 08:42

They need a pen

[donald pond] 01/3/2024 08:38

It's good I spoke to a director and cleared it up then isn't it?

[boonboon] 01/3/2024 08:37

It didn't say by it said until and there's definitely ambiguity on whether that means the 1st of March is the last date that Riverfort can't convert or if it's the first day they can.Let's hope we get a Riverfort extension rns on Monday and not a conversion one.

[donald pond] 01/3/2024 08:27

Spoken to the board. Previous RNS said the RF matter would be sorted by 1 March. That's today. It is expected to be sorted today. No problems. An RNS will be issued to confirm but unlikely to be published before Monday. Or in other words, no change to position outlined in previous RNS

[michaelwhight] 01/3/2024 08:12

Her record is 42 hours straight. Horrible.

[michaelwhight] 01/3/2024 08:10

I think you'll find that they do. That's why my wife does 16 hour days to get these sorts of agreements done on time when they are left to the last moment.

[jasperthemonkeygod] 01/3/2024 08:04

lawyers don't rush

[haveapunt1] 01/3/2024 07:41

Furthermore, the lawyers don’t sign it off, the parties do. In the days of electronic signatures and emails, it’s instant. The terms have been agreed for 2 weeks, no one will convince me the lawyers take two weeks to draft, when most is standard drafting. The company should have also been chasing this daily knowing the repercussions if the 1st is missed. It’s inept management

[haveapunt1] 01/3/2024 07:35

I’m sorry DP, but they have had two weeks to do that. The fact it’s yet another deadline missed and RF can now convert, with no comm from company is indeed treating SH with contempt by not communicating. It’s a loan agreement. Same old. It’s a basic loan agreement, nothing complex. Frankly I no longer have the energy to debate this board. They create their own issues, leaving a HUGE risk with conversion now legally available through inept management to get things done on behalf of SH. But hey, as long as the board get paid

[boonboon] 01/3/2024 07:18

Just like the bonds were 2 years ago?As you've just suggested it's not signed I can only assume Riverfort have now regained the right to convert if they want to..

[donald pond] 01/3/2024 07:17

Please, nobody is being treated with contempt I'm told paperwork is all agreed and waiting lawyer sign off. As previously advised.

[qazwsxedc69] 01/3/2024 07:08

you find your own shadow worrying

[boonboon] 01/3/2024 07:06

So no rns confirmation of the Riverfort extension. I find that worrying. Hopefully it has been/will be done and there's a delay in communication.Donald can you confirm that as of now the deal hasn't been completed and Riverfort can convert if they want to.

[warm norm] 29/2/2024 19:01

Keep up the good work Boon Boon. I wonder if you might be better off buffing up your stamp collection, or perhaps tying some trout flies rather than making a d#ckhead of yourself on ADVFN. I hope you have sold most of your shares down here.

[boonboon] 29/2/2024 13:34

You couldn't make it up apparently Jeffrey wants us negative posters to apologise if the board manage to get the bond financing.Never mind them apologising for 2 years worth of delays, continually leading us on with timeframes and diluting us after saying they wouldnt do this (we can argue about what is classed as minimal dilution, but I don't think anyone would argue that dilution at 11.5p is great business).

[boonboon] 29/2/2024 13:00

BTW when can we expect Navarre creek results?

[boonboon] 29/2/2024 12:55

The issue with PXC is that directors and investors relations reps are giving timescales via unofficial channels which are continuously missed.With regards to Riverfort, if no announcement tomorrow we have to assume the contract hasn't been signed and therefore Riverfort have the option to convert again (even though they might not).After all the listing requirements say the company has to announce without delay a material change.

[donald pond] 29/2/2024 12:51

I don't know where anyone gets the idea that I think I am more important than anyone else.

The board is well aware that people expect to be updated on the RF position and are working hard on all fronts. The recent RNS said that we would update on RF and on the purchase of the plant, and that will happen. Work continues on securing the bonds and on finalising the PFS.

There isn't anything of substance that can be said at the moment. All material updates will be provided via RNS, as required by regulations.

The issue at DGI9 is completely different. Anyone investing in any trading company accepts certain risks. The problem at DGI9 is that they allowed a single investment to derail a diversified investment trust. So they failed in their primary duty, which was to diversify.

The issue at Phoenix, as with almost every company in the sector, is not a failure to diversify, but the fact that mining is a long term, capital intensive business, and the price of capital rose sharply and the availability of capital diminished just as fast shortly after covid. The company is trying to navigate that storm.

[deuchar] 29/2/2024 12:27

No signature because no pen

[sportbilly1976] 29/2/2024 11:44

Fest,

It is a worded criticism of the Board of DGI9 and their investment trust and their decision to invest in a company, the effect of which (due to the debt the acquired entity had) was to destabilise DGI9 to the extent it now has to carry out an asset firesale.

Focus is on corporate governance and (management) gross incompetence.

[trader465] 29/2/2024 11:40

How much is Donald Duck getting paid? Shareholders pay the wages and should be told. He surely likes to build up his part, and like people to think he’s important.

One of the most common words to describe someone who thinks they are more important than someone else is arrogant.

[festario] 29/2/2024 11:40

Not on Twitter, what does it say please?