Member Info for InTooDeep999

Thanks for your very valid concern. his2jen. Currently wrestling with that question. I liquidated all my positions and piled in from 14.3 to about 22, with the bulk under 20p. I know it's AIM. I know it's pre-production. But, my conviction is so high, after really careful DD, that I can't bring myself to profit take atm. I was in RMM, but on a free carry. I have watched HZM etc etc. PXC, IMO, is different on all levels (to mis-quote DP and his turkey analogy, until it isn't).

My intention is to wait until finance is announced and then depending on exactly what is delivered, which should be very positive, make a decision about my original stake only. I, of course, can de-risk at any point atm, but I always went into this for a 1000% return. My pension proper is a safe generous final salary scheme, that Mr Hunt has battered by removing the LTA. So, whilst it is money I do not intend/wish to lose, it won't delay retirement or result in hardship.

GLA. Should be an interesting 2 weeks.

I would add, Trek. But, a few weeks ago I went all in here. I wasn't far off all in anyway. I now don't really have a portfolio. Just a beautifully blue looking stack of PXC shares in ISAs or SIPPS.

I'm certain that finance, as described. will be delivered in the next 2 weeks. Your post from yesterday expertly sums up the immediate opportunity. Since I last mentioned it to you. I did again write to the board. The prompt reply was not insider information. but I feel it would be wrong to post the reply. However, the short excerpt below I feel is OK to quote:

"I remain convinced that November will be the key month in which we sort out the financing, and Ryan completes his new modelling..."

At some point today, or next week, entirely justified FOMO will kick in!

GLA. DYOR.

Is this the obligatory tree-shake? Oddly, I don't feel shaken. Interesting to watch, though.

Remarkably quiet bulletin board considering the recent rise. Good to have both feet in the 30s. Marcus and Richard in Idaho tomorrow. Not sure if any news will actually come out tomorrow, but it's getting tantalisingly close.

Thanks for posting. Feels like the macro & micro are all coming together for PXC. All 3 metals will likely be important to us, gold and silver possibly more than the company name suggests.

I like this quote:

"If we’re right, and we are on the cusp of a global economic revival, the three metals I’d want to be invested in are gold, silver and copper. Even better, the junior resource companies that own large Au, Ag or Cu deposits in safe jurisdictions that would be of interest to larger, deep-pocketed mining companies."

Bankrupty, you and Frank 'trashed' the SP 😉. Glad to hear you are OK - health problems have a funny way of making one focus on what is really important. Ed Conway's 'Material World' is the cure for your battery blues - a terrific read. I spent a lot of last year trading down & accumulating PXC but I'm too scared to trade it now. BW.

Some detail below re permitting process posted by DP tonight on Telegram. Contains a few bits I was unclear on, so posting here for others. With the BoDs going to Idaho middle of next week, this does sound like everything is coming together nicely.

"Ryan has a very good relationship with the authorities. I’m sure we will get the permit in early next year, the BLM will do their site visits in the summer, then likely issue their “minded to consent”, which is published and open to challenge for 90 days. Given the nature of the site, a successful challenge is unlikely, but you never know if there will be an attempt. But all that time we can be preparing the site, assembling the plant etc.

TBH once funding is secured I think it will be pretty exciting as we’ll be acquiring plant all the time and the locals will be very enthusiastic about the prospect of some new well paid jobs in the area."

At work having a quick break atm. My understanding is:

1. Likely the only thing on non-patented land is tailings, and these should be dry, minimising risk to permitting even further.

2. I think warrants will be part of all deals, as you say at a higher price than the 20s. The RiverFort warrants are 42p from memory.

RF loan repayment or extension due. RW and DP have consistently told us that they are not worried by this. My take too.

It's the knowledge that, this time, one knows the finance is coming. Once it drops, and a large proportion of those following PXC believe it will shortly, certainly prior to 22nd November, this will rocket, irrespective of the chart. No predicting exactly when. Could be tomorrow. Or not. If not invested when it lands, it will not be possible to significantly buy in and the BODs will be applauded for the minimal dilution. Whatever, this coming week will be interesting. After such a long wait it'll be good to put the finance question to bed, and get back to talking plans! GLA.

Interesting watching this, as fully loaded here. Can't buy even 50 shares on HL. So what happens now - do MMs wait for someone to sell, or do they put the bid up to induce selling? When shares are available, who gets 1st dibs?

Https://x.com/AtlanticLithium/status/1717440466206265476?s=20

Trek, I'm really surprised folk selling now. I topped up ++ from 13-19. Could book a profit here, but too busy and too scared I would mis-time a trade. Fantastic entry point for anyone.

Non-dilutive finance will land in a few weeks, in my reasonably informed opinion. And that of the CFO. And from the interims.

Not sure I would profit take now, with NC results due 'early' this week, and really good evidence that finance will drop in the next 2-3 weeks. Clearly some did on the Friday spike, and then some bought back in before the close. With an illiquid tightly held stock with only 125 million shares, traders risk buying back in at higher prices, and perhaps not hitting target number of shares. I have traded round the edges with PXC for a few years now, gradually lowering average. Too risky IMHO at this point: many eyes on this and cheap shares on any pullback likely to disappear into sticky hands for the 'imminent' big rerate Q4 and Q1.

Both.

Not new info, but posted on Telegram by DP a few minutes ago. Just for the die hard non-Telegrammers. Nice pic posted there too from Empire.

"I've just spoken to Richard Wilkins and he was very positive about everything but just wanted to be clear that everything he said yesterday was already in the public domain and he was just providing clarity over timings. We had always suggested that NC results would be in october and optimisation followed by a new economic model in Q4, and had set out bond listing plans in the interims and he was largely confirming that everything is on schedule.

From my perspective, I cannot wait for the economic model to come out. Having seen the Empire project and particularly the place next to the pit where we could process the ore, and discussed at length with Ryan optimisation and the skills of Deepak, our metallurgist, I have no doubt that the model will be extremely attractive. And if it coincides with investment being announced it will be fantastic to have facts and figures and plans to talk about."

No worries. I should have added that this was posted at 15:46, 44 minutes before market close. RWs answer to a follow up question, "So just to emphasise what you're saying. You're basically saying you expect financing within around 3 weeks?" was "Yes".

Dear All

We received the first NC assay results 2 weeks ago. Appropriate internal QA/QC is being finalised and an announcement can be expected later this week / early next week.

Bond financing remains as stated in the interim accounts. The London broker acting for the Middle Eastern investors has still not been authorised to release the signed paperwork for Plan A. We don’t know why but the Israel/Hamas situation is probably not helping.

Plans B and C involving placing bonds with western investors are well advanced and progressing at pace.

Ryan actually does not need money to start sourcing equipment for another 3 weeks or so, when the updated economic model (which looks good) will be ready. We are confident Ryan will have the funds when he needs them.

If the directors were not in a close period (due to NC/bonds) I can assure you we would all be buying.

Alternatively, lots of things pointing to this month/quarter being the point where finance is secured. Those 'things' include information in the interims, information from personal communications, application for listing of bonds on TISE ( a 'quick process') and the likely final, final, metallurgical results. Plan of operations then due. NC results at some point (before Christmas, I think).

As someone on the DEC board recently said, the stockmarket is the only shop where buyers head for the exit when the sale is on. The story is intact. Just taking a little longer than forecast. Who would have believed this could happen with a pre-production junior mine?? So, if you believe non-dilutive finance will land, each passing day makes the event more (not less) likely. Buy in the sale, not the stampede. Just my alternative view.