Member Info for Andrew4444

OK

After seeing your repeated rants yesterday I would advise you just walk away and not think about this share ever again

For your on mental health :)

as you said

"his incompetence is affecting my day to day life "

Hope your next bet turns out better and you can spend your time focusing on that.

ATB

"Selling up 1st thing. This incompetence is affecting my day to day life so I am cutting it out."

Monty

Why are you bothered now? You said you were going to sell up first thing today to stop all the angst.

From 2m 10 secs

https://www.youtube.com/watch?v=1oWPcWmRvUo

Doing all these deals here there and everywhere is not so much the issue as the of lack of trust and belief in CB to deliver

If we were getting an income stream from previous exploration then there would be more confidence in the success of going for more exploration. All of CB's treasure hunts have failed. So what confidence is there that the next one will be a success?

All these failed ventures are just never talked about again and slowly drift in thin air..

In case anyone wants to point to manica - CB did not find this through exploration he bought it from another company after exploration had been done and mineralisation found

Manica money burning a hole in CB's pocket so he's buying more lottery tickets.

Or is this just one last FO to shareholders before he retires with all our money !

In the old days an RNS like this saw the sp jump a little on speculation, now it falls on anticipation of more money wasted.

My "worthless" valuation was a superlative and a bit extreme. But I doubt we would get much more than what we originally paid for it.

As they saying goes.. something is only worth what someone else is willing to pay for it, and at the moment no one wants to pay anything for it.

Cyber

With a MC of currently £5M and about double of that due in from manica income, it appears the market does not give BR any value. Maybe that's also down to the CB factor?

The majors change their view on future POC like the wind and the latest view of a bull run in prices has been reversed (see below).

My bet is that POC will, eventually, go above $12K and stay there so I will just sit and wait. I may revaluate my position before the manica money runs out but that should give us 2+ years of hope :)

If POC does explode and goes above $14K then BR could, potentially, see a massive re rate similar to Greatland Gold / SolGold. I hope you are right about NW Zambia - maybe CB is due to get one right again soon :)

https://seekingalpha.com/news/4146158-copper-futures-fall-as-goldman-cuts-forecast-on-softening-chinese-demand

"The expected sharp drop in copper inventories is now seen arriving much later than previously thought, Goldman says, cutting its copper price estimate to $10.1K/ton for next year compared with the bank's previous target of $15K/ton, and pushing back its previous year-end 2024 forecast of $12K to post-2025."

"Andrew. I believe in br. The rest i dont"

BR is worthless atm and will remain commercially worthless until POC goes above $11K (at least) and stays there. $10K is the break even - so no one will want it at that price

Its about begiving in the future POC rather than BR

"I still feel there is potential here, in both BR and Zambia"

Careful Ben , Monty will have you down as a ramper with those views :)

I appreciate I've been somewhat sceptical in the past with my views on CB, saying all trust has now gone, he should go,

he's a gambler who’s gambling with our money etc, but this is now just a play on copper price.

Hold if you think POC is going over and staying over $12K, sell if you think it’s not.

I don’t hold much hope of success in Zambia from CB's previous treasure hunts .

"People on the same team with differring views " LOL

Sorry Monty but you're obviously on the wind up :)

well done on your trolling You got me to bite !

Monty

If you are implying that I am one of the rampers / positive posters, then you have just made yourself look very silly :)

I suggest you read my posting history on CB !

At least your comment will give many LTHs a laugh who remember my many views on CB !

"All the positve posters are probably one ot two guys on multi accounts. Remember when colin was on here as old school views. He knows you need to control the boards."

1. Who are all these positive posters?? Guy / HS are known to be the same person (not disguised) and he is the only one who has been consistently positive / upbeat. Everyone else has been very negative for years. OSV hardly ever posts now.

2. If CB has been trying to "control the board" with his "plants" then he's been doing a terrible job over the last 3 years :) 99% negative view no trust in him anymore hence sp keeps falling over last 3 years

3. If we all think the income from manica is going to be wasted by CB on rainbow chasing (most do) then it doesnt matter if we get all the income in the next 12 months or 3 years! So the payment restructure is irrelevant as the end result will be the same but in a different time scale

Hi James

Thanks for that. I hadnt seen that before or if I had, then I'd forgotten about it.

I will review my opinion and say broadly neutral RNS then :)

I'll get back in the cupboard until end of the year or until POC goes above $12K !

I'm reading all the negative comments re this RNS but I don't see it as being a bad thing. Neutral to slightly positive.

I dont see any change to the $750K quarterly payments up until 31 Dec 2026

Change is:

One off $3M payable before 1 March 2027 is now later in 2027 ending 1 Sept 27. Just 6 months later for last $1M

The possible $3M extra for sulphides has now been given a firm time line rather than the comment "some time later if they mine the sulphides"

So still $0.75M x 12 payments until Dec 2026 + $3M by 1 Sept 27 and not by 1 Mar 2027

However, It could be argued that as we now have a firm time line for sulphides payments then its more likely that this will happen - which is not surprising looking at POG !! So the possible extra $3M from sulphides is now more probable.

I see that more as a positive rather than a negative

(Sorry if 'm sounding like howzap :) )

"Sadly this will be my last post for some time."

Peggy sub text.

I now think it likely that the SP will start to rise due to the start of the drilling season so my negative narrative will look rather silly as the sp keeps rising over the next few months.

So I'm making a tactical retreat :)

Zak view

Phoenix Copper (PXC): 5.5p Target 15p

"The market has not been kind to PXC in 2024, but given what the company has already stated as the year comes to a close, there is the prospect of the company getting itself “over the line” in terms of its corporate copper bond financing early in 2025. Helping the risk / reward at current share price levels (a £10m market cap) is that despite the company having enough cash to go into 2025, and being in discussions with a number of potential funders, the shares are trading at option value money given the massive opportunity highlighted by the Empire Mine open-pit Pre-Feasibility Study, published on 19 September 2024. Expect the shares to respond well to any whisper of bond finance being in the bag over coming weeks."

If the "new" bond financing is agreed / reconfigured, then 15p is rather pessimistic view Imho

I would think 20p + and maybe in the 30s?

Assuming it does ever get approved........again :)

Yep and one was mine :)

May not be the bottom, but seems likely that anyone buying at this price now has a better than evens chance of making money at some point in 2025

we'll see.

As I said on Friday, SP will open up c7% up to correct U/T trade after hours on Friday

Despite some pointing out the false fall on Friday, the SP didnt move in reality.

Jeremiah

Good post. Exactly my view.

As ever a CEO is overly optimistic and when timescales and predictions arnt met the sp suffers.

Could well keep drifting lower and even go below 1p but the long game would (imho) see this multi bag from these low levels ...but when? Could take another 6 months or 18 months?

The c 7% fall was due to out of hours U/T trade at 1.10p. The Ask hardly changed from the open so the SP did not move today.

This false fall will be corrected on Monday's open and will show a c 7% (false) rise (assuming there is not many real buys or sells at the open).