Member Info for HarChris

I’m not sure that’s true. If the new targets are achieved H2 production will rise dramatically (double) and ATM will show significant internal cash generation which puts them back on the path we were expecting previously.

If lithium carries on rising this is a different prospect altogether.

Could be more, I said ‘min’ 50% uplift on open, assuming the share price was about 4p at the time.

Anyone getting in after would have a fight on their hands too.

That’s a sensible strategy (staying on the sidelines until deal announced). Others like myself are choosing to be in in anticipation for that news all the while PXC has cash runway through h2 and copper backdrop is so very bullish (could even see $6/lb soon).

Personally expect a min 50% uplift on open if we get the news we’re hoping for hence worth the risk of holding into news imo.

AV recently spoke of a short term reduction of $4-5k/t in aisc, so let's call that $25000/t. This presumably would be once the second jig plant is producing in H2 but I think if you look at how far the Orion royalty would fall it's likely we could be seeing AISC more like $23000/t. And that's near term.

Would hope the pre concentration circuit & ore sorters will eventually bring that AISC down even further towards the $20k/t mark.

Not far off having a highly profitable tin operation here at Uis.

Could there be any better backdrop than this whilst deep in talks re closing financing on the Empire Mine? Gold breaking through $3400/oz and copper now at $5.71/lb and with 50% US tariffs.

What we learnt from the full year results is that 'no news' recently hasn't meant crisis behind the scenes, it's meant ticking along 'okay' but without the positive news to shout from the rooftops.

Ie if we get no July pour rns but there's also no raise it likely means production has been anything from ~ 260 troy ounces - 375 ounces, an amount that is generating cash flow and (on the higher end) generating excess physical gold to pay down the loan... but disappointing in terms of target hence no monthly update promoting it.

If so it's still 'as we were' and still one much higher pour away from a recovery.

Baby steps, only marginal improvement on the previous best quarter which was Q4 2024, but clearly improving cost control and perhaps may actually achieve that cash flow positive target this year before the current funds run out.

Would expect a decent reaction today.

PXC would be under far more pressure to get a deal over the line if they hadn't just raised £500k for additional working capital. Whilst I'd like to see a deal sorted in the coming weeks it doesn't make much of a difference if it takes the rest of the summer as there won't be any pressing cash needs in the interim.

So the risk re timeline has reduced significantly.

Drill*

And just the start of an extended period of still results from across the group’s projects.

Highly positive.

At $3400/oz GRL should be breaking even at a group level at just 250 troy ounces a month. C’mon Emma this is an open goal! 500 ounces a month and you can take big chunks out of the gold loan through this half year.

He never posts on this BB but he has been on telegram. For those that care about his thoughts and opinion (I guess that includes you Travelcard as you brought him up) his comments today were very reassuring.

We know some good wind of this at least last week and it's reasonable to assume that this is at least in part what caused the share price instantly selling off from the rise to 1.2p.

Another short term irritating setback but again nothing that changes the medium term picture so (even more) patience required.

LOL

It was tough work and demoralising trying to promote the investment case here following the share price crash what with all the trolls jumping on every comment but at least we're over the worst of it now and the majority seem to have disappeared - onwards and upwards into the 40s.

It's certainly intriguing and somewhat perplexing.

Take the volume since June 4th, so a little under seven weeks - one third of the total share count has been traded and yet the decline from open on that day to now is only 0.57p to 0.52p. And all we know officially is that AIMSL added 6m shares.

Someone is buying, someone is selling and/or it's been shorted/held down for whatever reason. None of it makes sense and in the meantime we sit and wait for news that gives us clarity on the current state of play.

Tbh i'm just curious as to how closely you actually follow your TA, that's all.

Fair enough but we've had this discussion before because numerous times you shared that you bought AFTER a rise and I'm sure overall you'll get less stick for just sharing a buy at the time of execution rather than only after share price has appreciated.

Have you bought back in then now it’s over 32p as you usually share your buys, yet you’ve remained quite negative?

Well the NPV of Empire is $143m at $4.45/lb copper and probably exceeding $200m with Cu price of $5.55/lb. At 4.5p the current market cap is £10m/$13.5m.

Of course no acquirer would pay close to the $200m figure as it would arguably afford no upside but one would think a reasonable offer today would be around the $50m-$60m mark, a 4X or more return from here.

Shareholders would likely make more though from PXC securing this $75m LOI bond financing, even with the extra 25m shares that come with that proposed deal.

The clincher should be the US location. I'm optimistic of a positive update this week.