Member Info for MTSparky

Being cynical, it could have been a play by the BoD to get the SP down to let the stakeholders buy shares at a lower price. I'm sure they will get the nod on funding and buy in (or get out) at the right time....;o))

Per BofA on #copper: China’s #copper smelters agree to production cuts. China’s #copper smelters remain under pressure on a lack of mine supply, so they are proactively managing the operating environment, with SMM reporting that decisions were reached at a recent meeting of the China Smelter Purchasing Team, including joint production cuts of 5-10%. This is worth following as it should support refined #copper imports.

Per Bloomberg: #Copper jumped to the highest since January 2023 as fast-mounting supply risks and fresh signs of a rebound in demand reinforced hopes that the bellwether industrial metal is plotting a course to new record levels.

Analysts and traders have been turning increasingly bullish on #copper in recent weeks, with Goldman Sachs Group Inc. predicting prices will reach record highs of $12,000 by the first quarter of next year, and Citigroup Inc. seeing it hit that level by early 2026.

#Copper has risen 8.2% this year, driven largely by concerns about risks to supply. Mine production tightened unexpectedly after last year’s closure of a giant facility in Panama. Chinese smelters, which produce over half the world’s supply of refined #copper, have been moving closer to implementing a joint output cut because the tightening ore supplies have driven processing fees to near zero.

Yeah we need some solid value enhancing news. Owning this share is draining.

.....plus SP rising looking good. Get the placing overhang cleared and we should be back towards 40p and beyond in no time. Lots of defining news due shortly so fingers crossed guys ...;o))

Q2 "should" be quite a quarter but we have been here so many times before.

Gold is a far more exciting metal for PXC. $1600 was used in the previous cost analysis its now at $2200. Plus we have Navarre Creek carlin gold asset to fully explore.

Copper at $5 would make PXC and the bond funders a healthy profit. Onwards and upwards from here now....;o)))

$4 looks like a fairly strong resistance/support line. There has been talk of copper shortages for months so the price might be catching up with physical demand v's supply. $4.3 could be the next price target.

PXC used $1600 oz gold price in their previous economic study. Shame Navarre Creek results haven't been progressed or shared with us. Navarre Creek could make the company in its own right.

Looks like copper price is about to blow. It keeps bouncing off $4 so you would think it will break sooner or later

....making a nice move this week. Can see a break of $4 coming, it keep banging on the door of $3.9.

What happened to talk about Sulphides and Porphyry? Billions of $$$$$$$$$$

I think (hope) the main difference with PXC is that we have cornerstone investors who have bought into this project from day 1 and have been to site probably several times now.

Up 14% Roy ! I must be good at it...;o)))

Once the heard arrive and there is a whiff of finance the SP will rocket

Not sure about that sell. the SP drops on a £500 sell and the SP hasn't budged...

Boon if the Riverfort situation is sorted (which it should be) do you the the SP will go up?

Thanks Ducks. You can understand that I suppose from the sellers perspective. Just hope its true and all comes off in the end.

Any nuggets of info being released on the Telegram group or is it as depressing as this board !!..