Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Crom
The fact that Phoenix have kept share volume low, by choice instead of taking the easy dilution route , demonstrates their belief, they all have serious positions in their Company, its a key investment criteria ticked.
Capital markets have been very constrained, its no reflection the Phoenix proposition - just a few years ago they would have secured the Bond by now, had multiple backers .
Funding soon now, not many shares in issue.
Once the funded strategic plan is marketed , equipment bought up front to advance to prod revenue
Not likely they spend finite funds on development equipment , if the funding for the early prod and evaluation full roll out en masse is not secured, they would stall with serious repercussions - cant play secured suppliers, logistics disrupted - reduced recourse.
Waiting now on lawyers to realise their max fee potential and sign off.
Not looking at sp but mcap, share in issue 149,069,995
£200m mcap -> £1.34
£300m mcap -> £2.01
And much more can be achieved, just need those ducks to line up, get production running and hold tight :-)
It's what keeps me invested here, the opportunity is rare on AIM.
You're right MTSparky......The coming commodities boom (and falling purchasing power of $US et al)...will have bond investors....lining up with the rest of the "ducks"........and PXC needs to be "in the ashes" as is ...in order to arise to victory...lol!
Good luck all.
Looking forward to hearing an update regarding the bonds...
Copper at $5 would make PXC and the bond funders a healthy profit. Onwards and upwards from here now....;o)))
Forget $4, we could be talking about $5 soon
Purchase of equipment news should come Monday or early next week.
Bond news, PFS can land anytime now....
Whatever has been happening, it will all be revealed. I.e. who the investors are. News embargo lifted and it will be all systems go 📈
12p will look like an absolute bargain. Phoenix rises!
All the 🦆🦆🦆 lining up.
(Some will look like absolute mugs, they will be deleting their new shiny accounts quicker than they created them)
Copper could cost $10,000,000, and it still wouldn't matter because they aren't producing any and can't get funding xD
$4 looks like a fairly strong resistance/support line. There has been talk of copper shortages for months so the price might be catching up with physical demand v's supply. $4.3 could be the next price target.
Copper is 🚀
Just touched $4
PXC used $1600 oz gold price in their previous economic study. Shame Navarre Creek results haven't been progressed or shared with us. Navarre Creek could make the company in its own right.
I think that that is the definition of the "special relationship".
Hope it does not happen.
Atb Ducks.
Gold is $2177 oz, so more way more for every shovel full.
Lets hope the US doesn't allow the gullible Brits to do all the costly research, locate the stuff, then pull the plug on funding, thus then getting 'their' own mining area back cheaply, and work it themselves shafting us share holders big time.
Only time will tell I guess.
Looks like copper price is about to blow. It keeps bouncing off $4 so you would think it will break sooner or later
Onwards & Upwards
Goof=d find Plutus1!
"As Phoenix Copper looks towards the future, the successful execution of its refinancing and bond issuance plans could mark a turning point, potentially leading to a reevaluation of the company's market position and growth prospects"
"The future drawdowns from this facility are cleverly tied to the company's ability to secure additional funding through its proposed corporate copper bond issue, reflecting a vote of confidence from Riverfort Global in Phoenix Copper's financial prospects"
https://www.google.com/amp/s/bnnbreaking.com/finance-nav/phoenix-copper-secures-10m-refinancing-with-riverfort-global-eyes-corporate-copper-bond-issue
Quite telling of the confidence and support which Riverfort have in Phoenix - On PXC LinkedIn Post with regards to the loan extension 3 days ago, 19 people have liked the post in total, 4 of them are very senior people at ..... Riverfort!!!
A total gamechanger and truly transformational when the Bond Issue RNS arrives.
DYOR
I'll believe it when I see it. It's not like the company have got a history of giving completely inaccurate timeframes.
All info on processing and economics should be available early Q2.
Anything before then is guesswork.
Regarding ball mills, I'm not sure gigantic is the right word for them.
They are large(ish), sure, and will take a bit of logistics to move them both, but by no means gigantic.
Why 2? - I'm guessing one for main production, the other for backup and/or spares, We certainly don't need 2 operational at the side of the pit. As Rain says (welcome back under the new moniker, btw), it's only a small starter pit.
Hopefully still profitable enough for us to make a decent return here, regardless. We should find out more once the PFS comes out in early Q2.
I just want to see the bonds get completed, then everything else can follow.
No
Seems another well respected poster is having a problem with you Rainwhenidie on MARU.pl
Andi says:-
"Now you know as much as me and I would really appreciate if you started doing your own research and maybe coming back with some useful info and not pet names and cheek please. Sound reasonable enough? OK cool, looking forward to your positive contribution now I won't be replying again."
and your reply:-
"OK I guess we'll leave it there then ! I'll just sit here and wait for the magic to happen. Thanks !"
I hope you do the same here........p.s. The market cap and hence S.P. on these shares reflects the market's perception of risk and that is why we are priced accordingly. If one wants to invest with much less risk and reward potential one should look at the majors and if one does both and has a portfolio (I have 50 different companies)....and cash, properties, collectibles, etc. besides.....all for different reasons and designed for real growth, income and low risk overall....therefore peace of mind and contentment.
ATB
Rainwhenidie, I'll put it politely too then....lol.
You don't know what you are talking about as you haven't DYOR on PXC. Whilst your opinion may make sense generically on some other shares, you need to be specifically up to date with PXC and how we are planning a small scale operation to ultimately fund a much bigger one later!
I don't know if Bankruptcy's name is fitting because I've never heard of him. I am bankrupty (abbreviated due to my success in buying near bankrupt companies stock about 20 years ago).
Making uneducated specific assumptions makes one look a bit junior and silly....lol! May I politely suggest you get educated on PXC if you want your opinion to matter!
ATB
Rain, your post:
"Why do they need two gigantic ball Mills?
think about it
So why buy production equipment then with their last few funds?
Prod can occur in tandem with full asset feasibility studies
I see smart bottom is back.......I think the BOD, Riverfort, all PXC shareholders, Konnex employees, and "interested pending Investors" all fully expect PXC to be in production......If they didn't .....they wouldn't be here...lol!
I see your post of 1st March also remains unanswered.....I wonder why....lol!