The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Lorna reading of post it notes stuck all around here screen it seems when she interviews.
https://www.youtube.com/watch?v=r8VLUWiQ_hI
"The rig is currently hot stacked, ready for quick deployment, with operations planned as early as the third quarter of 2024."
Imo it's all rather vague. DM was much better at informing us.
At the moment there is a flow exsolved from liquid, no mention of reservoir?
Last funding lasts 3 mths, so will need another funding in summer period prior to Q3, maybe a consolidation of shares from billions to millions will happen too.
broker are ****bags as they fleeced lth's with placing at 72% discount only a few months ago!
last rns is simply a ‘stick with us rns’ but another placing will follow.
december raised £6.1 million with 2,420,842,500 shares at 0.25p to drill itumbula
february 2024 raised £4.7 million. 313,333,333 shares at 1.5p for working capital.
imo from here will need cash. june i reckon so i'd wait until after. but obviously all things can change.
stay on the sidelines and buy after the next placing.
Seems like bond money arrive in tranches. The positive is that reduced coupon/interest payments. The equipment is being sourced at a significant cost saving too. I think many doubts are no answered, significant progress can be made now with that working capital, and I think bond subscriber releasing in tranches could be the way ahead.
Marcus Edwards-Jones Executive Chairman 1,361,464 0.9%
Ryan McDermott Chief Executive Officer 606,429 0.4%
Richard Wilkins Chief Financial Officer 994,925 0.7%
Andre Cohen Non-Executive Director 642,452 0.4%
Harry Kenyon-Slaney Advisory board member 167,857 0.1 %
Dennis Thomas Advisory board member 1,483,303 1.0%
Martin Hughes 16,224,943 10.9%
Plenty of confidence for me with management adding recently and having decent holdings. But for me the stand out is Martin Hughes for me, aka the "Rottweiller" of Toscafund especially giving me confidence to follow the money.
Last buy from me 30,000 this morning @ 11.05p. DYOR.
Most LTH sold after trading this. Great results but will now need funding is putting many off now from buying, until that is known then the uncertainty will temper any rises from here.
Its been a journey but the mistakes along the way havent helped as sp would be closer to 20p now. Shame.
Need JV going forward now imo, not billions more shares.
Brilliantly funny Neil, LMAO. It does look a older model, bit like the rig we bought, it will need total overhaul after 1000 copies done :-)
"Think she is flogging the office supplies to raise more cash???
Printer gone ✔️
Hole punch....."
Unfortunately I can see ARB being a major short in the not to distant future. Shorting not my bag but the prospects are bad for under performers in this sector, and the market will be brutal to some.
Added a few CLSK today.
Background of Paul....
"Paul de Gruchy has over 20 years' experience in the legal sector, including advising government and regulators, and as Head of Legal for BNP Paribas Offshore. He is a keen private investor and market commentator and was a non-executive director of GCP Infrastructure Investments during a period that saw its market cap grow from £30 million to over £1 billion. He is a graduate of Queens' College Cambridge and is currently a director of ShareSoc, the not-for-profit organisation representing private investor interests in the UK.
Paul de Gruchy, Investor Relations Coordinator of Phoenix Copper Limited, said: "I have been a supporter of Phoenix for quite some time now. What has always excited me about the Company is the experience and leadership of its directors. They've strategically positioned the Company to produce metals that are essential to a clean energy transition with a low-cost, highly cash generative, flagship project. All this, with the highest standards of ESG. I am eager to share this message and am looking forward to presenting at the Mello investor conference this week."
Its all a matter of taking your decisions, but I personally think some are giving their shares up to others, only time will tell.
Have the fundamentals changes?
Not for me, if anything the processing of the ore is now confirmed and cost effective.
Funding is the catalyst.
This has always been so, and nothing from that update gives me concern that the bond negotiations are not on going.
I note that there have been a noteworthy large sell but overall some solid chunky buys as some accumulate further.
Patience has run out for some, whereas for others this is another opportunity to accumulate further, I have 2-3yr window for my long term investments, PXC ticks too many boxes for me but some need quicker returns. Ryan's comments reveal the long term plan is to reap maximum financial returns, good they taking the time on this as ultimately imo makes my investment return potentially far higher. DYOR.