Member Info for MTSparky

Hopefully the SP shall blast up to IDK 80p and then settle back a bit, but hopefully 65p / sh will be the normal range.

The economics from Empire over a 5 year period should be outstanding

Yeah this listing is being played and the SP manipulated for sure. To find Gold in the 1st 7 holes of a potential 20,000+ hole drilling programme is unbelievable ! NC is a slow burn but could be a monster. Just like the Porphyry that sits below Empire. Hold on to your hats when this moves up, it moves very fast !! £1/sh target for me, £1.50/sh would be unbelievable ....;o)))

Despite what the board and DP have been publicly saying about bonds signed soon, there was no way someone would agree to handing over cash 12 months ago. The would be crazy. The economics were no way near as good as they are now. Plus why would PXC take cash when they have nothing to spend it on except interest payments?

PXC are following a process. The testing of ATS was a huge milestone. No-one is going to commit $80m until all the processes and milestones are hit. They are getting there now though IMO, the economics are being refined and proven. This cash is for cash generative production not exploration so I think they will get the cash. Ryan is doing a great job on the ground so it should all fall into place. If not, I guess small placing keep the lights on and wait for copper price to really climb then try again. Dunno. NC results too soon so that should add a little spice hopefully !!

"The ongoing deficit between supply and demand for Cu is clear to see. The question is exactly when it will materialise."

This is the question I think the bond holders will be asking themselves. It might not happen until 2030 when the Empire production ends. If I had $80m to buy a copper linked bond I would not commit now I'd wait it out a bit longer. I think they will get the cash but not via a copper price linked bond or they delay production into a stronger copper market. Just my guess.

DP is out in Idaho so expect an update from him soon. That should be a good read. I also expect a new bond product to be announced. Maybe a fixed income with bonus linked to profit or something. Or shares issued as a bonus. Dunno, but I would imagine the old offering may have to be revised as 5 year copper price may not be that great. Actions like the UK Gov have announced won't help copper price by pushing back Net Zero targets.

2x massive drivers here:

1) Finance - confidence this project is a goer and will not drag on for years with annual placings.

2) Navarre Creek - testing discovers recoverable levels of PM

Either of those and we head towards £1/sh IMO.

Market cap circa £20m. We are getting nearer to a final plan of action/operations. We should be around 40p/sh at least. NC results could see us really climb. Who knows?!?!? but surely this has to be "the bottom". Riverfort affect I guess.

I’ve bought 10,000 this morning too. My holding is now very overweight!! But we should be good, a plan is being followed step by step so should come good. Navarre Creek results soon too. All good.

More comms coming out as a result of a pub lunch with the directors ...lol. I wish I had a lifestyle company, i'm only jealous.

At least Copper is doing some work for us !!!

I tried to buy shares Friday PM and couldn't. None available. Navarre Creek could be a multi-million ounce Gold asset like Betze Post. If they hit the jackpot PXC are talking about spinning out a new company and shareholders get a share of that company too (or something like that). I would hope to see more buying into PXC off the back of Navarre Creek but dunno ?!?!

You deffo get the feeling PXC are ramping up to something. Ramping being the key word. Did PXC pay for the Panmure Gordon note? Anyway fingers crossed the SP moves upwards sooner rather than later.

Try ADVFN there might be more BS on there. Bonds close "soon" **slaps forehead with palm**... How many excuses have there been for the no show bonds?...lol... I think we are on at least No4.

The delay in the bonds closing is down to a share of a mine PXC are buying into that is awaiting a permit of some sort before PXC commit the cash. Is that about right? Fact or another convenient pile of BS ? Dunno. Let's hope Navarre Creek exploration gets going soon and find stink loads of Gold. ...;o))

It would be amazing if true, but I would guess the increase from $50m to $80m is more to do with inflation and the $50m not being realistic. The Middle East link might be valid. I’ve seen Robert Friedland has been out there talking at seminars highlighting the need for investment in mining. Be a better investment than paying a footballer or golfer $1bn.

You know what ITD the BoD & DP have doubled down haven't they. "Peak confidence" I believe is the phrase DP used. This is it, the end game. How many times have we heard this BS rhetoric before only to realise later it was just BS. Flip a coin to decide if you buy more shares .

I also note that at the AGM, using existing cash in the bank to pay back Riverfort wasn't discussed as an option. I think we shall just leave that there and move on !!..lol

Well apparently the full subscription of bonds are in the post ! Things are going to get very ugly if they’re not me thinks.

Hahaha…… can’t wait for the AGM ! How’s the share price holding up clowns? How’s the ramping going? LOL !!!

Yep looks like a Riverfort default is looming large. Will they admit more shares at AGM for Riverfort I wonder?