Member Info for MTSparky

Phoenix is currently conducting ongoing discussions with several groups about raising the necessary funds to complete detailed engineering in order to submit the Plan of Operations for the Empire Mine ("Empire")

It sound to me like Forcella is beginning to "wake up and smell the coffee"...big lol

Shareholders have been and continue to be played by MEJ, RW and NIU. Its just greed. Lets hope the fat little piggy's end up in sausages !

I guess this could go either way. A) NIU become a positive force, provide funds and drive this project forward B) They tie PXC up in legal case hoping to expunge their cash resources and force administration thus handing the asset to NIU as a creditor.

Hope so. Could break 1.6p which would be lovely jubbely ;0)

Pinky and Perky owe the company ~$2.2m that they stole. Be nice to get some of that back !

In addition, the Company is in discussions with Indigo Capital LP ("Indigo") to renegotiate certain terms of the agreement with Indigo which was announced on 4 December 2025......hopefully they agree new terms that enhance the SP, indigo did convert and keep the shares apparently so a boosted Sp may benefit them

BP those are the words of PdG, not from an RNS

That's the $million dollar question isn't it but massive dilution hurts everyone so hopefully can be avoided. We can trade the shares to recoup some losses though. Better than nowt !!

I'm sure they will sort things out. There are likely more skeletons in the closet but at least they are gone now. Also good to know the LOI investor is still there plus other investors might come on board as a result.

Opinion (from elsewhere)

1) Other than the failure to disclose related party transactions, the accounts issued to date appear to be accurate;

2) All of the technical information issued in relation to the project is accurate;

3) There has been no change as regards the LOI investor in the US: the investor remains engaged and has always acted in good faith.

The focus of the board is on trying to navigate the current situation in a way that best preserves and enhances shareholder value.

Although today's news is deeply upsetting, there are positive angles. We now understand part of the reason why the company has struggled to make progress and have identified meaningful sums that the company will seek to have repaid. That claim is an asset which the company did not know it had a few weeks ago. The company is clearly in a better position as a result of these developments.

I use the analogy of a patient that has been ill for some time and now has a diagnosis. The diagnosis is not great, but at least the healing process can now begin.

spoken to a few financiers over the last few weeks, and they have all said that Marcus and Richard were not credible. As long as they were heading up the company, the City believed nothing was ever going to happen at Empire.

Now at least we have a chance. People now are willing to look at the project: before that they looked at MEJ and RW and didn't go any further. Which is why I say we are in a better position now.

....IMO I can see a decent recovery from here. A fresh start and hopefully better fortunes !

Finally got shot of those spivs that in itself is amazing news ! ~$2.4m unbelievable ! Enough cash until June gives a bit more breathing space to work with Riverfort and Indigo...phew. They need to investigate the relationship between spivs and NIU. That deal was corrupt IMO. I bet spivs received back handers from NIU.

"Phoenix is seeking to recoup these unauthorised payments. Mr Edwards-Jones and Mr Wilkins have indicated their willingness to work with the Company in this respect.".......be wonderful to have this cash in the PXC bank account.

No

A raise at 0.25p and subsequent rise to 2.5p does sound good but a raise at 0.25p is very unlikely. The NAV is $40m so a raise at £750k ? I think more likely is an extension of the Indigo loan. There are multiple negotiations ongoing with potential investors.

.......these bonds are looking very attractive right now !! Copper price is set to climb too as USA and China increase stock piles. Interesting times

I think 0.25p is sub 1p 🤣🚀🤣🚀

Potentially both 😎

Selling before a placing is probably more likely ? unless the placing price is higher that the current SP.

BP this was all more or less known when the LOI was signed. This is NOT news to the LOI investor or his shareholder friend who got him involved. $1.4 billion metals in a starter mine in USA, there is hope for us !! A lot of mess to sort out but I think they will sort it eventually. All just IMO !

You're a little premature with that pat on your own back there Forcella ! The SP is up 22% already today ! That does technically warrant 🚀🚀🚀 ! Lets give this a little more time to see if 5p is delusional or not !