Member Info for Andrew4444

MIKODX

You said that you havnt changed your mind but you have moved from

"Stick a fork in it, and kiss it goodbye, it's over. Deadstock."

to

"Anyone buying in at these levels have a decent chance of making a decent profit"

I can only comment on what you said originally and not what you meant to say

In your original post which prompted my reply, there was no caveat of it only applying to LTH. You were pretty emphatic with your view ! If you are now saying the SP could increase and do well but not go above 15p then I would agree with you. But that is not what you original stated.

"Looking bad for the company. Thought the stroke test would be the one to catapult the company to the next level, but going by this RNS that just hasn't happened. With more dilution on the way there's only one direction this stock is going and that's down. Stick a fork in it, and kiss it goodbye, it's over.

Deadstock."

MIKODX

You've completely changed your view from an absolute certainty of "its over" to now accepting that there is hope and that

"If revenue can increase and increase fast then there is some hope for investors"

As others have said, David Nugent and Robert English must have seen something they like to make the investment they have and they may even know more than you and me.

MIKODX

You're either on a wind-up or just don't understand

All those figures in the RNS were pre capital raise.

The raise was to ensure that the products were now marketed and to see the drive in sales to take the company to the next level.

Let them try before you pre judge.

Thanks James

It would be good to think nothing sinister is happening and we are getting the quarterly payments as promised..

cheers

HZ

My original comment was a dig at the roast rampers who are always ramping this with silly comments.

I have already said that I think this will go over 2p at some point (may be more) but it's the silly overoptimistic time scales and transparent ramping comments I dislike.

If this has an MC of £100M by end of the year I will gladly apologise on here to KH ! I hope he is right but I think a third of that is the best we could hope for.

HZ

So you are suggesting that the sp would be about x 3 higher if the Iran conflict hadnt started. It would need to be to meet KH prediction

When the war started the sp fell about 25% over the next few days, so its fair to say the Iran war has had a detrimental affect on the SP. But the belief that the war has stopped the sp going to 2p (as KH predicted) is obviously nonsense.

Nice to see the delusional rampers crew pop up to try and explain and justify any fall.

I've could never understand why this was not showing a profit for the year? We have had the manica income for long enough now for this to be showing a profit?

Hmmm??

I wonder why?

https://www.lse.co.uk/ShareFundamentals.html?shareprice=XTR&share=Xtract

Kevin Hornsby said in a roast pod cast a few months ago this will be 2p by end of march and £100M MC by end of the year

So just a couple of days to go before sp more than doubles

I'm sure KH will be right as he's never been wrong before with his previous analysis about Xtract over the years........

1000 not 100 :)

My Top 6 Birdisms

It wont be death by a 100 lashes in April 2022

We have a tier 1 asset Then revised down to 2 years later to tier 3 moving to tier 2

I wasn't sure about reaching 2mt con copper, now I'm sure we have 2 mt

If they offer me 10p and i'll tell em to stick it

it wont be years before a buy out in June 2022

We know we have the grades and I'm not worried about the grades (then 3 years later he said the grades didnt quite cut the mustard)

I would recommend you don't do what I did, and make a note of what he said and when. It will only lead to disappointment and annoyance !!

"I’d say it was poorly managed on the part of the Company, yet again, to do the basics right."

That was my point, whatever the reason for the funding stopping.

HZ

If you looked for a good investment in copper then this would tick all the boxes and was the reason why I invested some time ago.

Only issue is that the BoD have been incompetent and not done the basics right. Well not so much incompetent but criminal !

We even got an RNS saying $85M funding now all approved only to find the BoD had not done proper DD on the new investor who only paid the first $5M then stopped !

I am waiting for the inevitable raise to clear out the stables and then I will have another look. That will probably be at 0.5p or lower .

The fundamentals say that this mine will go into production, but will Phoenix have anything to do with it by the time it does?

"Have a good look at the RNS’s certainly dating back to Summer 2024 onwards."

Esp this one just 6 weeks ago....

They may well sort out this mess but I can't see how that will be done without a raise and sp going 50% lower...may be more. That's when I will be buying.

https://www.lse.co.uk/rns/PXC/suspension-of-executive-chairman-and-cfo-zzccsog9kxd2vxw.html

"Phoenix's working capital position remains constrained, but following a careful analysis of cashflow and a cost-cutting exercise, absent any additional funding, the Company's current cash balances will provide sufficient working capital to meet ongoing obligations until the end of Q2 2026."

"However, three individuals/good humans all willing to save the company for the good of mankind and share holders ? I hope for the best but the odds are stacked against us"

Why can't there be a mutual coincidence of benefit? The three investors may not be doing it for altruistic reasons, but that doesn't mean the odds are stacked against us or that small shareholders won't benefit from their selfish actions.

Even if the three investors are going for a takeover at 2p to 3p, that is double or triple current sp so if anyone thought it was a 2p takeover then surely buy in now to double your money !

I know that isnt enough for many on higher averages but you could get a lot back by investing now even at low ball 2p offer.

I'm not saying it will be as low as that or there will be a take over, but worst case now seems to be you can double your money at this level.

"Yeah they've not got a pot to p iss in!"

Apart from the £4.9M just raised !!

You must have missed that...

"I'm sure they will sort things out."

Possibly.

But not after substantial dilution to buy them some time to sort this mess out.

It may well 5 or 10 bag after LOI signed....but from what sp though??

So why no mention of a criminal investigation or Police intervention?

You are proven to have stolen money, but no action on you apart from being fired or asking nicely if you want to give some of it back!!

What message does that give to others thinking of doing this ??

Just go for it !

At least we know where our hard earned money went.

I know we are getting ahead of ourselves and there is a LONG way to go before we are in production with Antimony mine (probably 12 to 15 months IMHO) but I've had a look through AI at typical antimony mine costs for a small mine in Morocco. Costs such as recovery % , Royalty, typical production costs %, corp tax %. . I think all costs have been covered and I think they appear reasonable according to AI.

Running the figures and costs through AI this is what is showed below.

No doubt a few assumptions will be a bit out but may give an indication of annual profit at 60K tonnes a year production. I've been conservative with antimony price used and grade %

Circa $1m profit a month seems reasonable. We just need to hope that it actually happens and is not another failed venture !

The estimated annual post-tax profit for the mine is $10.746 million.

Profit Breakdown

Recovered Antimony: 1,350 tonnes

Formula: 60,000 (ore) × 3% (grade) × 75% (recovery)

Gross Revenue: $33.750 million

Formula: 1,350 tonnes × $25,000/tonne

Royalty Expense: $0.169 million

Formula: $33.750M × 0.5%

Gross Revenue (After Royalty): $33.581 million

Production Costs: $20.149 million

Formula: $33.581M × 60%

Pre-Tax Profit: $13.432 million

Formula: $33.581M - $20.149M

Corporation Tax: $2.686 million

Formula: $13.432M × 20%

Net Post-Tax Profit: $10.746 million

Unless we get the Antimony story firmed up with RNS timescales and more figures I dont think the market is going to react that much. Especially after previous potential income in other projects did not materialise.

Potentially the Antimony story here could be very big with possibly £1m + income a month to xtract - but its more great potential than anything else at the moment.

That said, it appears we are making progress though and moving forward