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'Saucepan' on ADVFN sold at the bell. Others followed. It's a relatively illiquid share, so drop feels exaggerated. So, a few disgruntled/distressed/disillusioned shareholders can influence the price significantly. I'm just holding, as are many others. January & bond news will come soon enough.
No edit facility - I meant 'not just for GBM' re gadolinium use.
Trek (and others),
I'm doing my research here back to front: I bought in at 2.8, and them more at 3.67 first. I'm not in any hurry. I've now understood the GaM current trial - will await the results.
Are there any radiologists on this group? If not, and one had the opportunity to ask a working NHS MRI radiologist about gadolinium, what question(s) would you want to ask? I don't personally know radiologists as friends, but I do have a reasonable working relationship (I work in A&E as a consultant in the NHS since 2000) with at least 2 radiologists that I am going to ask their opinion on AI replacing gadollinium, not just for MRI. However, I need to thoroughly understand the physics etc 1st before I ask. I can't promise any quick answers, but if any questions are posted, I'll post the reply. If none are, I will post the answers to my questions.
Have a good Christmas all. My thanks to all those that have posted what they have gleaned here - very helpful.
Pretty sure finance will be next news up. NC is years off benefiting from the gold price, but the results must be good. Why else would they stake another 400 acres to the west? I would rather nothing much was announced by PXC until finance is delivered. Enjoy your Christmas. It's going to be a really great New Year, me thinks.
Luck we're in an excellent jurisdiction with a board that bothers to reply to emails, has had a huge amount of progress (we know it's happening in the background - developing a mine takes time) and have said, very clearly, communication will improve post finance. So, young boonboon, who is everywhere-all-at-once, a little more patience. You really do talk down your investment so much that one would question if you are actually invested. If you are, a better prospect maybe to your liking. You are not getting an invite to the PXC £3 party on account of your permanent glass half full attitude. If I were Paul, I just wouldn't respond to you.
Well, Trek. PXC is my plan for a very comfortable retirement. Such a compelling story, as you say. I don't think we'll need to wait for the end of January. I'm actually in profit now, from an average of 48p that feels like a long time ago.
Non PXC bit: IQAI showing it's potential yesterday, and my 100K buy at 3.67 is looking good. Looked better before profit taking. Also managed to trade my DEC so that I am only 5% down, and way well be in profit later today. So thanks for the tips across many boards re being an active investor, rather than hug and hold. Once retired, and I've understood more, I'll have time to do this properly. Providing I don't lose my capital in PXC! I very much doubt I will, though.
I'm absolutely confident from everything I've read that all here will be fine - look at the subtle wording difference between the ultimate & penultimate RNSs - just one of may bits of info. Market does not believe it, which I can understand, given events over the last year. However , this time feels entirely different. I still haven't sold any of my 600K odd shares, and won't be when the RNS does land. Followed by a large amount of other news & promised vastly improved communication.
I must say that I have always found that I have got a prompt response to what I feel have been reasonable questions. That includes a rapid, brief, reply today from my brief email today to RW. I don't want to reproduce his exact words as I never asked if I could. Suffice to say that I have been told, as per the last RNS, that all is on track. Up to individuals what they believe. I do realise that I am an anonymous person on a bulletin board. But, I believe there are enough folk on here that know that the above is genuinely what I understand & believe to be true. So, LTHs, hold strong just a little longer! And, DYOR 🙂
Copying you here, Trek. Have sold all on any spike and just bought in at 1227 again. Learning to keep dry powder and sell the higher pot on any spike. But, one can understand fully the potential disappointment of those that have just held. Thanks for the lesson - I've only ever actually got 2 DEC divis!
In Groundhog Day, the lead eventually gets it right through an iterative process. With the metallurgy & plans A-C, we are reaching the end of this iterative stage. Going to switch off from here for a while, until the anticipated positive funding news. GLA. DYOR.
I emailed a board member on Friday morning. After hours. I was told everything is on track. I trust that source & feel fully confident PXC will get this over the line.
It's beginning to feel a lot like Christmas...☃️
DP on Telegram now: "It needs one signature. We aren’t focused on building a book. One investor could take or underwrite the lot."
11 December 2023
Phoenix Copper Limited
('Phoenix' or the 'Company')
Extension of Loan Facility
Phoenix Copper Ltd (AIM: PXC, OTCQX ADR: PXCLY), the AIM-quoted USA-focused base and precious metals company confirms that the Initial Term of the short-term $2,000,000 loan facility, first announced on 24 March 2023 (the "Loan Facility"), has been extended until 2 January 2024. Although the Loan Facility can be extended until 23 March 2024, whilst the Loan Facility remains within the Initial Term, the lender is not entitled to convert principal or other amounts into the Company's ordinary shares.
The Company has requested this extension in order to allow further time to conclude ongoing discussions with various investors regarding the Company's proposed corporate copper bond issue, as disclosed in the Company's interim accounts dated 28 September 2023. Although there can be no certainty until the bonds have been issued and settled, the Company confirms that these discussions are at an advanced stage and the Directors remain confident that the bond issue will close, thus allowing the Company to have access to the relevant construction funding when required.
Environmental, Social, and Corporate Governance
Phoenix is committed to meeting and exceeding the environmental standards required by law as a core value of the Company. The baseline environmental data collected to date will be used to further the permitting process, but as importantly, will be used as the building blocks for the Company's ongoing Environmental, Social, and Corporate Governance (ESG) platform, overseen by the Company's ESG & Sustainability Committee. The Company has recently published its inaugural Sustainability Report, which can be viewed on the Company's website.
Market Abuse Regulation (MAR) Disclosure
The Oxus Gold asset was, as far as I am aware, appropriated by the government of the non tier 1 jurisdiction. Which is one major reason why they are now in Idaho. If RightOn had a little time, he may be able to confirm if this is correct - I think he was a shareholder there.
Hi Trek, joining you 'properly' here. I had bought in a while back, but literally 2000 shares at 2.8p. However, just bought 100,000 with my TXP winnings, split equally with a free TXP carry and 100,000 shares (6.667) here. My TXP entry point was a 'little' above yours (49.1), as I bought the morning before the Canada rise. 🙂
No idea how others will see it. I read no note of extension as a positive that finance is concluded/concluding/on-track as stated. Monday was pencilled in on my calendar. Despite all the predictable/understandable dissatisfaction that will no doubt be voiced, I remain very optimistic that we are, genuinely, nearly there.
Agree fully F79. A missed opportunity to increase holding by selling & buying back. I did email a board member today. I treat such emails as confidential, so don't want to name the individual or exactly what was said in their reply. I can say that I feel reassured that finance will close shortly. We haven't even got to the 8th or 11th. I am as certain as I can be that the individual replying to me, and the whole BoDs, do not have probity issues. Across the board (pun intended) they are still confident. I'm sticking with this as a long term hold (years) with massive potential, about to be unlocked.
As Trek mentioned a few days ago, sells trigger sells & buys trigger buys. Or words to that effect. Anyways, GLA.
Posting again on a new thread:
"There is no delay in getting financing. The company is simply getting the best terms, in the interest of all stakeholders, including ourselves. Stop speculating and go and relax."
Morning should be interesting...
RW on Telegram right now:
"There is no delay in getting financing. The company is simply getting the best terms, in the interest of all stakeholders, including ourselves. Stop speculating and go and relax."
Morning should be interesting...
Https://twitter.com/Phoenix_Copper/status/1729463948565467559?t=w-pax5_VA12P3I0bYcMs4A&s=19
Coming soon.
DP on Telegram now:
"I spoke to one of the directors last night. Everything went very well and they are the most confident they have ever been that funding will be concluded in the near future. For obvious reasons, it is difficult for me to say much more that that!"
I don't think we will hear any more atm!