Member Info for ButlerMan

Having a little bit of uncertainty on when the big announcement will be made is a good thing I think. It encourages all holders to keep our shares, and not be tempted to trade them - we could miss out big time if we did. So more and more shares will end in sticky hands until the ‘big reveal’.

And also, MF, the reason why we have had zero news on the drills started before Christmas ?

LitteWing. So long as the proceeds of your sale of shares is lodged as cash within your ISA account, and not sent to you ( eg your bank account) then you can use the cash from the sale to buy other shares (eg XTR) in your ISA, and these will enjoy the same tax protection. The key is that the proceeds of the share sale must be lodged within the ISA wrapper. I’ve done this several times over the years.

Assay results for drill 19

Make that 8 Price Monitoring Extensions, now, today…

I, for one, am cautiously optimistic. We have good drill results, and are proving up 2Mt + whatever we can get out of Ascot. And a possible 3rd porphyry. The idea that the drills/assays still to be declared are poor just doesn’t stack up, given previous good results. Delays on RNSs now, in my opinion, are down to some sort of enforced news blackout - which can only be good news.

I could, of course, be wrong. But, on balance, I’d rather think there is something good brewing, for the benefit of us shareholders. And before someone asks, no, I don’t have evidence to back up my theory. Just a strong belief in Colin and his whole team, after the numerous interviews I’ve listened to.

I’m in now. Many thanks Penstock.

Thanks Timmomo. It still doesn’t come up in any searches. Lots of groups with ‘Phoenix’ but not the pxc group. I think I need a tutorial on Telegram! Maybe it is a closed group for invitees only?

Thanks Timmomo. I’ve been trying to find Phoenix Copper on Telegram, so I can join. Have tried searching on ‘Phoenix’ but the groups that come up aren’t Phoenix Copper. Any hints on how to locate it would be welcome!

DIbs61, I’m of the same opinion. Over the last few weeks I’ve seen many delayed trades posted. But the odd thing is that the price shown is the mid-price of the actual time of posting. And not apparently at the dealt price at the time of the trade. Could this be a sign of a big buy going through? By being declared at the mid price at the time of posting ( not time of trade) they appear as ‘unknown’ rather than as a buy or sell.

Dibs, I’m interested in your view on this. If we are in this until the end game (buy out) why would an institutional investor now be beneficial? The share price when Colin sells up will be the same regardless, and if the share price remains relatively low until the big reveal, it gives us little guys the chance to hoover up some more (cheaper) shares in the meantime. Am I missing something?

See 07.55 post this am. This has the link.

Over the last week, there have been many delayed trades, posted daily. These must have totalled many million shares by now. They are listed as ‘unknown’ rather than buys or sells, and always appear to be priced at the mid price of the spread at the time they are posted, not the mid price at the timestamp on the trade. So it is impossible to determine if they were buys or sells by looking back at the bid/ask price at the times of the trades.

Does anyone have a theory on what these transactions could be? It’s just something I haven’t seen before on any share.

I find myself torn. Yes, I’d love the share price to rocket, so that I can realise a profit. But equally, I’m happy that we have a very valuable resource, which just gets bigger every week - and if the expected massive rise in share price is delayed, I might just get the opportunity to bed and ISA some shares come April next year. So, as long as the trickle of drill and assay results continue to give me regular assurance that we have a world class copper ore resource, I don’t mind either way - it’s a win win.

Good analysis Lucky. Even if we wanted to go straight into a phase 3 drilling campaign, I doubt we’d be able to - rigs/ contractors are booked up many months in advance in Australia. I think Colin referred to this when raising the money for Phase 2. So I think we will be in for an enforced ‘quiet’ period for drilling for a while. Maybe sufficient time to get money out of African operations, to avoid another raise? Or, in parallel, to open negotiations with AA?

Interview with CB on Vox, with Zak…

I for one would really really appreciate Iceberg’s interpretation of this latest RNS. He puts things in language I understand, and gives valuable insights to the size and grade of what we might have.

We are all hoping for a good hole 25, and proof of mineralisation in the SE Anomaly. This would really set things alight! I agree with you, Sq52, that should 14 and 25 not prove good, we will likely see a dip in share price. But, even without 14 and 25, there appears to be growing belief that the pit extensions, proven by the drilling to date, will result in the region of 2Mt, which in itself should result in a share rerate when CB declares it formally. So, can see some limited share price movement up or down in the short term , but I think the main share price movement won’t be until Q1/Q2 ‘22 until CB declares the eventual tonnage found, based on the assays.

Excellent article, News. It really is worth reading in full. Providing XTR can indeed prove up 2Mt+, we are going to be mightily attractive to a lot of mining companies. Lovely position to be in. I’m impatient now for CB to declare, formally, the tonnage found at the end of this drilling campaign. In all likelihood I think I’ll have to wait for this until Feb/ Mar next year until all the assay results are back, for anything approaching an accurate declaration.

If I’m reading Iceberg’s post correctly, by getting to measured, rather than inferred, it appears that the £200m could be doubled to £400m. There is therefore an additional £200m to be gained by proving up. If this took a year and cost, say, £30m, then it would be worth it. But maybe not if it took 5 years. Does anyone have any idea of the cost and timescale to get to measured?