Member Info for HarChris

Thanks, I’m sure we’d all appreciate those answers when you get them Kaeren!

Can’t answer your questions but interesting watching GEX that you mentioned, with news built upon news and then a placing announced just now. Glad we here are well funded and not needing to play the ‘pump for placing’ game.

For all my arguments with Wyn I thought his prediction for such share price appreciation today was quite bold, so if we do see such a rise I certainly will point out what a good call it was.

Haha I meant to write ‘whilst the company may not be called Phoenix Gold’

Well said. Besides a spike for a couple of days in May 2024 today's copper price is more or less the ATH, ignoring the very recent US-imposed spike.

Long term $4.5/lbs will suit PXC perfectly... and whilst the company may be called 'Phoenix Gold', Empire is very much a copper, gold and silver mine. Those latter two commodities are at ATHs.

If this hits 60p tomorrow without news i'll certainly hold my hands up and say that the share price movement is being perfectly managed by charters.

I wouldn't say due but certainly a good number of possible rns' on a number of fronts now.

That's a fair point lord, and I would also add the financing being done and dusted between those dates and with is now well behind us has added value. I don't think anyone truly believed back then that HEX were fully funded to production and beyond with any margin for error...

The extra £4.5m (+ the ability to bring institutions onside) put those funding and production timing issues to bed.

I do have a couple of questions. Does anyone have any idea how healthy helium prices are more generally right now? Compared to the $500/mcf we're always quoted in presentations? And is anyone surprised there hasn't been any reported long term offtakes agreed yet?

I don’t get the issue with production being, say, late September.

If you were holding in March/April/May you were expecting production to begin in four to five months. If you’re holding now you’re expecting it to begin in roughly one month.

Evidently the latter is preferable to the former.

Yeah I’ve always called it a self fulfilling prophesy and it’s of most use it quiet news periods like we’re smack bang in the middle of now.

Well I heard he’d never got one wrong. Seems to be true.

… tomorrow or Friday. Share price holding up fairly well so hoping for good news.

There’s no way of knowing what price but sure wouldn’t expect it too far below 1.4p.

I still think the RNS is a bit a calamity. It was needed but could easily have said ‘recent share price movement does not reflect the price that the investment is being agreed at’

That’s right there is no floor price to what a share can be sold for, there’s only a limit to how many shares can be published per year. And to go beyond that an EGM is called.

I'm not convinced that the last line was needed, the rns made it clear that the investor wouldn't be coming in at the level share price spiked to yesterday.

I guess it's total honesty but still.

Cykel AI (LSE: CYK) notes the significant increase in its share price and the volume of trading in its shares. The board is in advanced discussions with a strategic investor group regarding a possible significant equity investment into the Company, to raise funds to help develop the Company's existing business and support its treasury strategy which will be revised if the fundraise completes to allow investment in Solana and stablecoins (the "Possible Investment"). The Possible Investment, which is expected to be priced at a significant discount to the closing price on Friday 22 August 2025, will be subject to shareholder approval.

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That last line is an ouch. Significant discount to 1.425p???

Well there’s been a £12.5k buy this afternoon followed up with a £25k buy and then an £18.75k buy at 51p.

The OP rushed to this bb a month ago to write this: 'Slowly Dying - What bunch of amateurs (sic), raising £3.25m at 10% discount, but reality is that this amount of money is only enough for 3 months cash burn. If this continues the stock will be sub 20p in a years time.'

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And yet here we are five weeks later with the share price 65% higher. Suffice to say the OP just spams bb's about lack of funding without even the faintest of research.

I do partially agree however it was me that was banging the drum and adding and adding earlier this year. But my thesis, my argument, was that GRL was a binary risk but had appeared to be at least breaking even at the group level and was showing modest and steady month on month production growth (on the whole). I was also happy to accept that we probably won't see a big step up in production in April/May but from June onwards if all was well that's when it would come and there would be six to seven months of profit to pay down the gold loan either completely or at least the majority without further financing. This was the commentary in the March operational update:

'The preparatory work continues for the expansion of Pit 1, with the pushback of the benches to allow access to the ore. It is anticipated that mining operations will re-commence in Pit 1 this month, where expected grades are 1-1.2 g/t, which with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of our production target over the coming months. '

It's now five months since that comment and so you can see why someone like myself certainly doesn't see the risk/reward as as favourable as it was back then.

Hopefully after a deal with a third party warhead and with more 1b SGC (& TNBC, STS) data in hand.

No reason why it can't be achieved at £1.