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.......Go !! Looks like we open around 30p/sh. Today and tomorrow are going to be crazy volatile I reckon. MM will need shares as PXC is tightly held.
We should be 50-60p atleast over the coming days
I thought same 50-60p. The funding de-risks the whole site now....£££££££
Hopefully the wider market pick up on this. The key will be getting new money to invest. People will sell on break even, people will hold. People will scale down on peaks. So need fresh interest from individuals to arrive.
They seem harder and harder to get these days on aim. Feels like the investor appetite has changed.
I agree though we should be higher and hope this is the way the price goes as interest and awareness increases.
Atb
Big block seller dumping at mo , once he stops then should head north
Gap closed down to 22p/sh. Come on 22p hold on, dig in, don't fold !!!
The funding is huge news. Confidence is everything.
The lowly share price is now due a rerate.
£80 million funding AWESOME!!!
Yes sparky, the whole project derisked in 1 beautiful RNS. Like a dream RNS, what everyone has been waiting for, should be 100% up minimum.
Only in Nov on the HINT of bond news it was touching 40p.
Incredible efforts from the BOD. Bravo. I'm sure PXC will be over 50p in no time.
SP climbing again now. MM will make an absolute fortune today.
"I am glad to say that the bond finance, once received, is expected to fully fund the Company into production and allow the Company to substantially reduce both estimated capital expenditure and lead times through the purchase of pre-owned equipment"
Transition to producer
Proven reserves and funding in mining friendly state, with an AA rating for ESG, in the context of rising copper demand and price, gold and silver can offset any market price fluctuation at 30% of total revenue that may grow - Phoenix have only evaluated 1% of Empire area.
Equally the bond issuer can secure upto 25% of the company shares in issue, interest in their capital making a return in addition to the coupon:
"On a fully diluted basis, the Bonds Investor will have the right to accumulate up to a 25% strategic investment in the Company over a five-year period, based on the current issued share capital of the Company."
Carlsberg
Can't believe they dropped it back to 22... clearly going for 30 plus and 40 in coming days... previous high 38 looks more than achievable short term now de risked.
@gordonbennett1 I think I can see a potential reasoning for apprehension and it starts when you look are NIU Invest SE.
It’s not really about today’s share price movement, this morning was always going to be about the traders. Let’s see how it is by close of play tomorrow when the details of the arrangement have been considered by investors
Interesting drawdown stages:
"Bonds will be drawn down as to US$5,000,000 on or around 31 May 2024 (the "Initial Drawdown"), US$5,000,000 on or around 30 June 2024, US$20,000,000 on or around 31 August 2024, and the balance of US$50,000,000 in two tranches during the first half of 2025."
So $10m invested in two months, starting end May, then another $20m in Aug
Once production starts and revenue comes they gain cumulative growth - by year end this will be a different company.
Then double down on production set up and $50m drawdown in H1 2025 - very aggressive spend rate in just one year - be great to see their Pre-Feasibility Study projections soon.
For me this is one to hold, ride your winners.
Phew that was some volume churn. 9.5m shares traded in about 2 hrs. The volume does appear to be drying up so hopefully push on from here. 27/28p near term target for me.
Massive amount of 100k plus trades, I saw a 700k trade flow through earlier this am too. They will need shares if they are to keep filling those sorts of trades!
Timber, GB strikes again.
Lol I though I wonder if GB is pumping the daily spiker and I was not disappointed
Poor old GB buys high sells low - PXC, CLON,SND, TYM in last four days.