Member Info for Andrew4444

Well said HZ

When it spiked to 8p+ the idiots didnt sell. Why?

Because the mugs actually believe what CB was saying re 10p and I'll tell them to stick it , not a death by 1000 cuts etc etc etc

I agree with you. Some people are just idiots to believe what CB says !!

You're implication that you can't believe what CB says is spot on

I,ve just checked the SP to see if it moved after my PR post today. My intention was to keep doing one PR post every week to keep lifting the SP up by ABOUT 50% each time, until we got to 15p - then sell

But amazingly no SP movement :(

I guess we will just have to rely on CB delivering to lift the SP

That should be fine, I mean what could possible go wrong !

"I believe that the best policy here NOW - that money is coming back into AIM / this sector.. etc- is for long term holders to adopt a positive mental attitude here; and look to go for glass half full posting more than glass half empty on xtr."

Well said Ntm. I will start this new approach off

1 POC forecast to keep going higher so BR becomes more profitable as time moves on.

2 Silver king looks promising and with a bit of luck we keep getting good drilling results.

3 we have the income to keep drilling and exploring without any dilution for a few years yet

4 SP is at the bottom so a great time to invest at these lows.

5 Confidence returning to Junior resource sector

I see the sp slowly climbing and over 1p by end of the year, then 2p next year. With higher POC we should be ready for a BR buyout in 18 months. That should see the sp going over 5p and the takeover will see the sp at 10p.

With all the other projections coming to fruition I see the sp hitting high teens in 2 years. Anyone buying in here now will most likely x 20 their investment.

Is that OK NtM :)

Is that an £83k buy just been printed??

looks like a buy at that price??

" I have taken the opportunity to average down, but I am massively overweight here now as a result, and still underwater!!!"

Dito.

500k at circa 7p average

I dismiss most of what CEO say in interviews as its usually BS or overly optimistic. You would think you could trust what is said in an RNS though ! The "we have secured funding RNS" must have trapped many. Of course I added on that news, why wouldn't you !

In the Presentation the Bod said it was more beneficial if the POC was lower now until the mine was in production

Down to the way the loan is constructed

HZ

Whenever I call you out on your snidyness you always revert back to the time honoured trope of " I was only joking"

No hint of sarcasm in your post or wink eye emoji - just a dig.

HZ

As well you know, I was talking about what had happened at WSBN and not what will now happen

Another 17 fold increase would mean x289 increase and no, I wasnt suggesting that FFS

Stop being so disingenuous and deliberately misleading with your interpretation of what I said

You called me a "Mary" (whatever that means) well I could think of another four letter name that you could be called at times !

"Stay away if you don’t appreciate volatility and ultimately disappointment."

X17 fold increase in about 4 months

I wish we could have the same level of disappointment here !!

Come on CB - please disappoint us like that :)

Scott

Your point re that the high sp was during covid and in different landscape is a fair one.

However, I would counter that by saying IF we get funding and the mine is starting to be built, then that would also constitute "different landscape"

The "covid factor" may be replaced by the "Approved funding factor"??

We'll see.

SP went to 80p with about 25% of shares in issue so that's 20p in todays money. Assuming we get funding then 15 / 20p is reasonable IMHO but positive sentiment could take it nearer to 30p. As we all know sentiment wins out over fundamentals, so if that starts to change then with good news we may be "unrealistically" be nearer 30p on positive sentiment (rightly or wrongly)

However, I don't agree that will be a quick or easy x 10. Possible but not easy. 20p more realistic in a year if all goes to plan.

However, to MP7 point, the open pit oxide mine is just the start and IF that happens as planned then that frees up significant amount of money for the expansion and increase of significant income. How much of that future income will be priced in (rightly or wrongly) assuming the open pit mine is all on track?

All this is is irrelevant if funding is not all approved and that needs to be by end of this year at the very latest. If not then 1.5p / 2p is more likely. So sp could be between 1.5p and 15p in next 6 months !!

If you want a sensible, low risk and safe investment then this isnt for you :)

AIMHO

Others will have different views

"the bod did mess up absolutely no doubt"

this is what is holding many back imho. and not surprisingly ! can the bod get this over the line? or more ****-ups?

the investment case to build the mine is clear and no doubt will be built. but the question is will phoenix shareholders be the one's benefiting !?

i'm still broadly 50/50 on the bod delivering.

risk v reward is good though

Hi Trek

I agree with you that mistakes have been made and we should not be in this situation. But we are where we are.

I'm sure you are right that this is a breather. I think even more dilution will have to happen but I suspect the plan is to get the funding agreed in this "breather space" and then do a raise at much higher levels. SP may now never go above 30p again due to more dilution, but it could still end up at multiples of this level even after more dilution - but only assuming the funding is achieved !

Your post today may well be spot on but it was nearly all full of negatives. I'm surprised you don't just sell up as it would appear you don't see many positives here (and you could be right) or much chance of the BoD delivering.

Well that's out the way now.

3p conversion is not bad . I think its 7.5% dilution

Hopefully now all obstacles removed for a clear pathway for loan to be agreed and fully confirmed in next month or 2??

"There will surely be a point when news flow will pick up"

Yes but what constitutes news flow?? If its CB doing the PR round via pod casts and interviews talking about the potential blah blah, its big zack etc then I can't see that having much affect on SP now. Not many left who will now believe a word he says (there may be some left though :) )

If news flow is actual results or unequivocal news that is not about potential then SP could quickly move up

If it wasnt for the manica money I would probably exit this as soon as the next spike happened,

PS

I should have said to Affrm, don't believe anything CB says in interviews !!

Affrm

For me the investment case here can be broken down into three parts

1. Bushranger

2. Various licences with drilling taking place or about to start

3. Long term income available $750K every quarter from manica sale for next 3 years

It could be that POC does not go high enough to make Bushranger profitable or saleable and we may find that all the other licences go the same way as the many others and add to value . But with the manica income we have until mid to late 2028 to keep waiting or trying.

Depending on the outcome of POC and of number 2 above, you could put a reasonable case that the sp will never go above 1.5p or.... that in a year or 18 months s time it will be multiples of what it is now.

Just one bit of good news should see the sp rise from these very low levels.

DYOR

The IP seemed to be a very convoluted way of just giving one bit of important info - the funding wont now be agreed soon and may take a few months?

This is a binary bet now and a punt IMHO 50/50

I've taken the bet and added another 50K sub 3p.

GLA

My sub 3p prediction by close was wrong in terms of timescale, I doubt it will be wrong in terms of sp over next few months after that presentation. (IMHO)

Main take away was

1 - now no time scale for funding to be agreed.

2 Riverfort should renew agreement by end of this month

Most of presentation was explaining what a great investment the empire mine is going to be. I think we all knew that but we want to know if it will be a great investment for Phoenix (or will someone else end up building the mine !) therefore will it be Phoenix shareholders that benefit ?! That part is far from certain.

If anyone thinks funding is going to happen then buying at these prices is a gift.

I'm honestly of the view its 50/50. I will be holding but will only buy more IF it goes sub 3p

AIMHO.

Others will have different views.

If No RNS then that IP will need to be ultra positive to keep this above 3p IMHO ie all but agreed and just a formality that all docs signed in a matter of days.

Problem is we have heard it all before and the market may have doubts despite whatever is stated in the IP

That said, I still think there is a better than evens chance we will get RNS tomorrow re financing. If so then maybe 5p / 6p by close?

Hope I'm wrong but If No RNS tomorrow then I expect this to close sub 3p tomorrow by close.

we'll see.