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Perhaps they clocked that its just ano lifestyle aim company and maybe with more % they can activist influence changes for the better? 'we dont want to dilute shareholders' party line long gone out the window. a complete joke as it is in this market, pathetic, wish i had never heard of them.

Disappointing. Cost of two new directors to cover now as well. Lots of wishy washy excuses here - i wonder what the remaining oxide mining resources and reserves are? most mining operations regularly update their R&R statements as ongoing drilling proves up replacement ounces etc. No mention of any drilling is rather alarming.

GG at this stage a pretty fair analyses of outcomes given what (little) we know. Point 4. might be far harder to call in in Ghana than in say UK or Malaysia so even AIMS may get wiped out. As always hoping we get a very pleasant surprise GLA.

Definitely seems to be drifting toward one of liquidation / suspension / asset security exercised / license cancelled ... BT at least tried to revel the SH's to mobilise and force some sort of change but at a mere 13% and outgunned by AIM's 26% could never do it alone. what a shame.

I am pleased at least to see that DonaldPaul has come back out from hiding. Nothing like a dilutive RNS like todays to get interest levels jizzed up again (for a day or so at least then probably zzzzzzzz…)

A 1 p buy or way sub 1 p like RW other company goldstones is the question now? Gla

Sensible post on group below.

But where is the PR to balance opinion PXC ?

I think they've tried a hard thing - getting funding for a junior miner - and have failed so far. Which is the default outcome with hard things, most junior miners fail.

I don't know if they're currently drawing salaries. They certainly weren't at one point this year.

They've made a lot of mistakes in hindsight, some should have been obvious at the time. Mostly for well intentioned reasons.

Failed to raise at 40p to avoid diluting shareholders, only to have to repeatedly raise at the lows. Put their trust in a shady funder. etc

What I think:

- Empire open pit is marginal - they oversold it. PFS economics show that. They might be saved by the incredible macro environment. But as Dodo says, it brings a lot of other marginal projects into play too.

- I think they've been fixated on the 'big' $80m open pit (even while calling it the starter project). I think they should have switched long ago to trying to raise a more manageable $10m for the adit. Let's find out what's really down there. Seems like they might be exploring this now.

- They've tried to be smart with the bonds. Markets don't like nonstandard finances. Unless the current funder comes through, I think it's time to drop them.

- They're not just drawing salaries and having fun. They are frustrated, embarassed, and perhaps ashamed. This isn't a fun situation for them to be in either.

Take a look across at Blencowe res - their IR guy Sasha actively engages with shareholders on boards and groups - he does not seem to be 'gagged' into total silence and does not cross the line devulging sensitive info. If the presentation was updated and posted why on earth can this DP IR guy not come out of hibernation. Money for nothing!

The total lack of any updates from PXC makes the liquidity situation worse too - how much longer before they are forced to update the market as to wtf is going on? Is DP even still employed as IR? If so its a shameful waste of co. funds.

Same

Achieving their own stated production targets (or rather failing to more the point) and the usury loan are the main hurdles preventing this sp flying - both need a bod with the will, skill and ability to address them - the current status quo has addressed neither for years.

Corrumpo

Surely then you support Trew wanting to change the board. He has not put himself forward on this egm.

Agreed - I wonder who it is? and why?

Market reaction not very positive - if anything negative so far lots of sells

What about cryptos - surely those have disrupted the fiat v gold camps?

The bod removed their ghanaian chairperson earlier in the year claiming her appointment was reputationally ‘blocking’ a number of potential deals / investments. Where are the offers then?

Surprised (and disappointed) to not see little a run up ahead of these imminent results..........normally goes that way.

It nearly three years since the Resolve Research Note - an updated analyst report surely a good idea at this juncture?

Was there any mention of license tenure? Uganda does not have the best reputation in terms of transparent licensing practices .....

Whats is this CEO doing - the Chairlady needs to get a grip on this.

Its hard to believe at this mc and gp that they are not being approached by some serious operators. the jorc resource alone must be worth 25m+.

buy the co for $10m then deal out the most toxic debt ever taken on and bingo off to the races..