Member Info for MTSparky

The old saying that doctor copper was a sign of health in the economy and a recession would see the value of copper fall maybe not be true in our current moment in history. At some point copper will disconnect from the usual trading patterns based on supply/demand. Copper physical stock levels are depleting already due to European and China increased demand from decarbonisation not new houses/white goods. Copper is up 2.5% today.

With limited options for investments during these awful times, a low carbon miner selling copper for the energy transition based in the USA looks amazing ! 3 weeks time PXC will get the cash and be taken seriously as a copper producer in the making. There is £0 in the market cap for any of our metals. £0 !!

At some point the SP will turn upwards hard IMO, I can see October SP being a lot higher. ..;o))) DYOR

https://youtu.be/dyPdKnlmAeQ

Bond book build due to close in 2/3 weeks. From the man himself.

Not too bad for PXC is it?
1 week - Exploratory drilling in the North Pit/Red Star area
3 weeks - Mine finance announcement / financial results
3 weeks investor lunch with BoD (great timing nudge nudge wink wink)

Once cash in hand they can start building the mine and ordering kit. Through winter we have assay results from exploration. This includes a large anomaly at Red Star. permit maybe.

Great location. Majors desperate to increase reserves due to lowering grades at old mines so a cheeky offer could be made at some point.

Its a shame sellers/traders turn negative when they have sold to try to drive the price down buy hey ho that's the game. I am building a position here ready for my retirement. SP in £'s and all those dividends !!...;o)))

I think a copper mine in Idaho USA is a pretty good place to be with global uncertainty. Government debt and emerging markets are looking dodgy. Cash just depreciating in the bank. The BoD know what they are doing, $3.60 copper price in finance data looks OK. A Low carbon copper mine in the USA. Dwindling copper stock levels and copper grades. The end of globalisation is upon us. USA needs that copper etc !!

25p being paid. Could be a long awaited good day/month !!

It’s interesting that PXC can spend the cash prior to a permit being issued. Richard Wilkins promised strong news through September so the bond news in 2/3 weeks?

We will get the hang of this investing lark one day :o)

I hope once we get some traction the SP will recover pretty quickly. MM has a pile of stock to shift, rampers galore !! 660,000 shares traded.

Volume inching up and 23.5p being paid. Could the seller finally be out of shares to sell ?!?!?! Mid 50p's on the cards according to the mystic chartists.

Well if we have partial finance and ATS results are good for the copper, gold and silver et al production from year 1, what will that value the company at ?!?! Then we have Navarre Creek exploration next year. Hopefully 22p will seen as bonkers and a golden opportunity.

CFO COMMENT - 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

You would think the news update will be value enhancing or why else say it? You would keep quiet, well I would. Credibility gone if the news trashes the SP.

http://www.kitcometals.com/charts/lmewarehouse.html

look at copper stock levels !!

LME Copper stock levels are declining year on year. The copper crunch is coming the market needs to see beyond recession = low copper price and focus on supply/demand. Copper will hopefully turn up sharply at some point. Don't know when !! If we look at gas pricing and think this is what will happen to copper at some point, we should be quids in..;o)))

Confirmed by PXC. Plus other news to follow during September. Fingers crossed we bounce back to 40p+ sharpish, ease those nerves !!

It is impossible to predict where PXC sp is going. Big recession likely 2023 so you would think copper and PXC tumble but then again who would have imagined that during a global pandemic copper would hit $5 and PXC 80p/sh ?!?!? Good investments will always do well especially when there is nowhere else to put that cash which is loosing value in the bank.

Bilko I have a theory the US knew about Russia plan to attack Ukraine. They had to pull out of Afghanistan so they could keep the moral high ground and counter attack Russia.

I think we need to factor in the imminent collapse of the stock markets. The cost of gas and electricity is going to cripple world economies or at least in Europe . Diesel will be cheaper than EV charging costs so how will this affect the electrification plans. Business administrations will be huge. Germany is facing economic melt down due to high gas and electricity costs. Hyper inflation or depression maybe both. I don’t think it matters what news PXC put out the trajectory is downward. We are going to see business failures and redundancies on a scale not seen before. The US are acting like they are immune to this but a shock is coming their way. This all begins and ends with wholesale gas markets. Until someone has the balls to tackle this head on the pain will continue. The fall out from Putin turning off the gas supply is so huge I can deffo see him being taken out sooner rather than later. But then again I think someone is clearly making £ bn’s out of this scenario so maybe he is perfect for their purpose. We the tax payers are about to get fk’ed over while the rich and powerful get more rich. As an example a bakery with electricity costs of £4000 has seen an increase to £20,000. Any business with high energy use either super inflates prices or goes bust. This is EU wide. PXC are no mugs when it comes to second guessing the copper market. Delays in production are because of the reasons stated above. It is very likely the price of copper will take a huge downward tumble. I think all will recover but plenty of pain to come. All just IMO.

There is an imminent update to be released. Possibly next week. Nothing too value enhancing though probs just stating that finance and permits are ongoing. Some positive core sample results or some idea if gold and silver production can be brought into phase 1 would be welcome.

This board is therapy now. We all fkd the same. TTF equal to $500 a barrel of oil I saw today. Use of oil fired generators could increase to back up the grid.