Member Info for InTooDeep999

Quite when this will blow is anyone's guess. The 'panic buying' on the 15th September was with no new news. Since then, relatively little action. No big sell off. I think news will be next week, by 29th September at the latest, the day of the investor lunch. Quite what proportion of the circa $60 million will be announced is guessing, but the CFO hinted it would be likely to change sentiment positively. Quite when permit news will land is unknown too, but by December we will be 18 months from application. I have little doubt that funding and permits will land. So this dip down in price in Aug/September should turn out to have been a fantastic opportunity to buy in at 2 year lows in retrospect. GLA. A lot of eyes on this & fingers hovering over the buy button, me thinks!

Well, as I firmly believe we will be > 40 shortly, Ive bought my last top up with profits from elsewhere. 38k more shares at the close were mine.

I like that ESG doesn't need retrofitting here.

I don't want any more PXC, but if I did, can't get a quote even for small volumes. Hang onto your (core!) shares & don't sell cheap. This has a long way to go even over a relatively short time of 6-9 months.

I ditched my free carry on RMM on the day of the cliff edge and bought more here (20.75). I totally trust the BOD here. I'm not sure I do on RMM - just my opinion, though. Anyways PXC will need a speeding ticket today, at this rate.

It's still a bargain. Likely the last chance to buy in the 20s. Plenty of near & long term upside.

In this month we should see a funding announcement. On the 29th September there is a shareholder's lunch. According to Donald P on Telegram, Ryan will likely be there, in the UK, as part of a PR push post-funding announcement. I bought down to 20.75. Anybody buying now will still have an average well below mine. This next 6-9 months are likely to be transformational to both the company and the SP. And to think of all the resources not priced in all, but to be developed from FCF from Empire.

In retrospect, I think I will be grateful for the recent dip into the flames for the buying opportunity afforded. Now, hold for 5-10 years, get on with life and let PXC/Ryan et al get on with theirs. PXC will produce at the perfect time (major copper squeeze) in a safe jurisdiction and with great ESG profile.

What is the significance of a PME? I read the RNSs &, for me, they are written in a different language. Thanks in advance.

I think the FS is delayed because of producing gold/silver earlier in the plan for the Empire pit, as well as things like wanting to switch from trucking ore to using gravity to shift ore, with net generation of electricity.

FWIW, this is my largest individual holding. Despite the share price battering lately, it is the one I have most confidence in. I also held RMM till yesterday, on a free carry. I sold (not as a loss, but for a smaller profit). Unless something changes with the PXC story for the worse (and it hasn't), then I will continue to accumulate on drops and de-risk on substantial rises (>25%), but hold my 300,000 'core' share holding. I fully trust this BOD. I don't believe this AIM miner is a hole in the ground with a liar on top. BTW, the Telegram group for PXC is the best I've seen, and neither ramps nor de-ramps. Clearly not investment advice, just my opinion.

At $3.60, FCF once in production, is expected to be excellent.

1. Feasibility plan has not been published.
2. The Feb 2021 economic model for the Empire open pit was $1.83. Not my figure: searched for this on Telegram. Posted there by Aim 81 on July 16th 2022.

It's a hint of what will happen. Timing of permis/production should coincide with the proper start of the copper deficit & electrification in full swing. Every month brings us closer to the all important permits. I'm reassured re finance from the RNS yesterday.

@MTSparky. Cu up again sharply, $3.59+.

@Richard08: the CFO mentioned strong news flows this month, and 'hopefully panic buying', so I hope this month re initial bonds, but I can only imagine by the end of October at the latest.

The bond news should calm the waters. Whilst it won't get done in one go, there is plenty of time for Cu inventories to fall, Cu price to go up and the 2nd tranche to launched. As long as there is no dilution, I am very happy to wait. Have been adding in the low 20s. I don't think there will be a large sell of the news. One never knows, however, but long term looks great for my wife's pension & my PXC heavy ISA.

If/when there is a sudden move north, I intend to be fully invested here, as I am now. I was in GLO when it did the same, and it felt great. And not too long to the end of September now.

Hoping for the same, as many are. It's the 'Let's hope there will be panic buying shortly' that I have been mulling over. I would think that a CFO would choose words carefully, and bond progress +/- update on permitting are the 2 bits of news I am hoping for. Of course, it might just be a casual response to a lot of concern expressed on a BB from a lot of LTHs. Whatever, I don't think I'm any good at timing the market. So, like many, it will be time in the market for PXC.

I wonder what the 'strong' news flow will be. A general update, reiterating what is already known, would not be 'strong'. News of significant progression of non-dilutive debt raising would. Likewise, we must be within 6 months of permits being approved, unless changes re bringing silver/gold forward impact this. Whatever, the sea of blue is a welcome sight today. If you bought today, I think/hope you got a bargain. GLA.

The whole message. RW = Richard Wilkins. I think he is the chief financial officer. TG = Telegram. BB = bulletin board.

"The company last made an announcement on 12/7. We were never planning to make an announcement in August. It would have been a wasted announcement. It is only 2 Sept today. An RNS will be released next week with an update. We expect strong news flow during the course of this month. We appear to be prone to panic selling and perhaps some redemptions. Let’s hope there will be panic buying shortly. Patience for a bit longer"