Member Info for EnglishPatient

..about this stock is that by selling I can use the big loss to write-off capital gains made on all the other stocks I hold in my trading account.

I've been following PXC for about 5 years now, they are masters of spin but, in reality, never get any closer to actually opening a mine and generating some cash. I am convinced now that they never will. I concluded it was a scam a few years ago but occasionally check back just in case to see if I was wrong. Feeling vindicated this morning. For those who were suckered in and got burned, you have my sympathy, I lost a 4 figure sum here too, they talk a good game so easy to be fooled. Never again.

I am at a loss why shares just dropped 4.5% today. Any ideas?

I am afraid there are quite a few people here who talk utter rubbish simply talking up the stock, wittering on about price of copper etc to sucker in people to to pump-up the share price. I think it is just about done now with this one. I don't know if you remember but there is an episode of US Office where all the staff are asked to come up with a way to save the business. One guy suggests buy an old mine and say your going to reopen it they all laugh and that is what I wish I had done with PXC. I often wonder if this is where the PXC got their idea from for this company. This has been a valuable life lesson for me, though, which is buying speculative mining juniors is a like betting on horses. Occasionally a 100 to 1 shot will win the Grand National but if you want to grow your money without facing catastrophic losses then avoid at all costs, there are far safer options and that is where I am now. Good luck all!

15% interest, says it all.

Bankrupty - I think I've more chance seeing the 4 horsemen of the apocalypse than seeing an Empire mine generate actual cash.

The faithful here talk about debt finance coming a bit like churchgoers talk of the second coming of the Lord. If this was such a great opportunity this would have been sorted out long ago, meaning the debt is never coming.

Faith is not the word I would use.

You got to wonder how much of the money raised will be paid to MTSparky for the pump-up messages.

You still believe there will be a bond issue? I hope you have deep pockets.

Today, this bunch of chancers are trying to squeeze a last couple of million out of those gullible enough to throw money at something purely because they've read copper is important for energy transition. After this, the whole thing will be wound up. I suppose they've had a few good years on our money. Personally I'm feeling pretty stupid having P****d away a few thousand taken in the initial hype. A lesson learned for me and I suspect for many. These folks should be in jail but it will never happen.

Was watching Office US last night where Dwight was running an entrepreneurship seminar for local business start-ups. The joke how ridiculous the new business ideas were. One was, I'm going to buy up a lot of closed old mines and then sell them again. Made me think of this lot, I wonder if that is where they got the idea for this fake company? I don't believe this company will ever mine anything other than samples to post on their website.

Nonsense. If the opportunity was a good one, funding would be there.

Could not agree more. This lot needed to s**t or get off the pan a couple of years back but here they are still stringing folks along. Wish I'd got out in November now. Doubt these shares are worth anything now despite all the pretty pictures and general stuff about how important copper is, how bust we are etc. etc. etc. Talk about snake oil salesmen.

I completely agree. With this type of company you are investing in the management team. Conflicted now, tempted to sell but head says keep and open mind and do some proper analysis on TPFG who I know nothing about. Immediate thought, I see they are southern so no obvious geographic overlap - that's a good start.

That's even worse. No syndicate on board.

In Too Deep, you are named well.

You are right. I have been holding about 3 years and keep asking myself why don't I dump this. It's a day trader stock for sure. Any true intrinsic value will remain buries forever I suspect.

Pretty sure we were waiting for a big financing deal announcement around this time last year.

Before purchasing new assets, mining of the existing ones should come first if this lot want to establish credibility.