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That’s a fair and reasonable view, Andrew.
Although my view is ‘when’ the bonds complete…
I think things will start to get exciting as we enter Q2.
"If bond news comes out then this will 5x pretty quickly. If it doesn’t, then we stay in this range until another financing plan is implemented."
The alternative view is that If we can't get the bonds away this time there may have to be more warrants attached or some dilution to ensure the financing does get approved at next go??
If so I doubt we will be stating above 10p
Finance will happen, but at what cost to current sp? Maybe at no cost to sp but that is not certain yet imho
"I don’t understand why people look at this as binary or a coin toss." Your statement is plural StanleyUK.......I think only Yv00 said this @ 0836hrs.
I don’t understand why people look at this as binary or a coin toss. If the bonds get sorted then there’s project finance, or other sources of money.
But the company have said on multiple occasions via RNS that they are confident the bonds will be completed, and the warrant extension is an indication they are (very) close.
If you believe it will happen then this is possibly the last golden opportunity to take advantage of a low share price.
If bond news comes out then this will 5x pretty quickly.
If it doesn’t, then we stay in this range until another financing plan is implemented.
My money is on the bonds, and soon.
You're right Andrew4444.....and I would say that the odds are even better than that, because (IMO) you will not lose 50% of your money unless you sell out....because they will get the financing in some form at "some stage".....the only thing you risk losing (assuming you continue to hold PXC of course).....is more time........which we are all well used to........lol!
But the BOD do normally find a way to do what is required....when they need to!
"This is a coin flip, they either secure the bonds or its lights out (for existing holders anyway)"
With a 50/50 coin toss you would either lose all your money or double it.
here you will lose 50% of your money or 4 to 8 bag if good news.
yes high still - risk but the risk reward is very good IMHO
I've placed my bets and waiting for the roulette wheel to stop spinning :)
Hmmmm, after what happened to COPL shareholders with false statements etc, I have little idea what’s true anymore. BW
You can dummy buy 300,000 shares in one go. I think someone is offloading their placing here before tax year end.
Been there done that. Warrants mean zilch, i used to think they were an indication of where the BOD see the SP come exercise time but its just another fad. They can easily issue new warrants later down the line and let the current ones expire. All the classic hallmarks of an AIM share.
This is a coin flip, they either secure the bonds or its lights out (for existing holders anyway). Good luck all, we'll need it!
And........@ 38.5p!
Why bother extending this £1m + worth of potential adviser's/broker's share purchases.........for only 13 weeks from now.....
......unless you expect the SP to be north of say 50p? by then?????????????
Would be good to see these taken after the pre feasibility
Q2 "should" be quite a quarter but we have been here so many times before.
Should have let the warrants expire. More crony capitalism at work.
Main issue is patience
SP at present is irrelevant until bond news
bond announced - rerate and plan unfolds
could be tomorrow
Mate, Navarre Creek is a lifetime away from being relevant.
Gold is a far more exciting metal for PXC. $1600 was used in the previous cost analysis its now at $2200. Plus we have Navarre Creek carlin gold asset to fully explore.
Release of bond and we multi bag.
Copper price booming.
Simple end of tax year crystalising losses that's all, I added yet again, we all have choices and I took opportunity.
But that's me done I have enough and its down to the BoD to deliver. Some see opportunities when others don't, we all can make our own minds up, GLA.
Im out put the money in ecor.
The reality of course is, if your not producing it’s all irrelevant, plus the fact the FCA are useless, trust in share investing IMHO is at an all time low.
The problem with the ducks lining up is that we need a competent shooter to knock them over. The aim on the pxc gun is very much off centre.
Copper to $10 📈
All systems go 📈
Phoenix rises! 📈
All the 🦆🦆🦆 lining up.
Prod start is being advanced as rapidly and at lowest cost possible, substantial saving in cash and the equally as important lead time reduction as Trek outlined.
Great news on this prod equipment being secured, but as PXC stated:
"However, Phoenix does not intend to update the market on all future equipment purchases, unless they materially affect the Project's economics."
Overall however, I thought the RNA detail the wrapping for this one line:
"pre-feasibility study currently being finalised."
finalised = release of bond....
For me, not a question of if but when they start mining. The market cap is doesn't square with the assets by many multiples. But I am patient.
Not fussed at moment as I am building a decent stake here.
‘Similar brand-new equipment typically costs around US$7-8million for both ball mills and has a lead-in time of around 12 months”
Yep great news. So before they found this opportunity they were expecting to wait another year. Mmmm
Usual caveats
Trek