Member Info for DaveDuke

This company stopped production 9 months before they lost the licence, due to:

· Continued weakness in global mineral sands pricing;

· Elevated operating costs, particularly from third-party contract mining arrangements; and

· A steep increase in regional royalties from approx. US$8 per tonne to US$59 per tonne, as announced by PYX on 28 February 2025.

Even if they get the licence, which is doubtful since they have outstanding corruption charges for over £50 million, how will they ever make a profit?

Dead cat bounce

This will be 0p in one month's time

From the news article:

"Hendri added, this matter is an expansion of the previous case related to the alleged corruption of the sale of zircon, ilmenite, and rutile commodities by PT Investasi Mandiri."

PT Investasi Mandiri is one of PYX's local subsidiaries, as mention in this PYX rns:

https://www.lse.co.uk/rns/PYX/operational-update-indonesia-m3f3qj0jdf2xfqq.html

Oh yes they are. Latest report from today shows the scale of the investigation has increased:

https://kalteng.antaranews.com/berita/814755/dugaan-korupsi-zirkon-naik-ke-penyidikan-kejati-kalteng-geledah-dua-kantor

This is a dead parrot:

No licence

£2 million tax bill

£50 million corruption charge

PT Mandiri (the Indonesian subsiduary) director still in jail for corruption

No production for over a year (from the RNS):

In the first half of 2025, PYX did not undertake production activities. This decision was made in response to:

· Continued weakness in global mineral sands pricing;

· Elevated operating costs, particularly from third-party contract mining arrangements; and

· A steep increase in regional royalties from approx. US$8 per tonne to US$59 per tonne, as announced by PYX on 28 February 2025.

DYOR

This is the best bit:

"AI responses may include mistakes."

"Buyers are pummeling this afternoon we have always been leaky 5p+"

Are you a real person or an ai-bot?

How do you come up with this nonsense?

82p per share! We shall have mini-bites for Xmas. And beyond ...