Member Info for MTSparky

What outcome are we hoping for now? I have lost interest TBH but is there any chance we get our investment back?

Goldman revised copper forecast
$7600 - 6months
$9,000 - 12 months
$15,000 - 2025
Bloomberg News

Copper crunch is coming folks

Goldman revised copper forecast
$7600 - 6months
$9,000 - 12 months
$15,000 - 2025
Bloomberg News

Well they keep chugging away don't they. Inch by inch they are slowly progressing.

Ducks to line up:
- Finance
- Permit
- Produce all metals at once
- Explore Navarre Creek find the mother load of Gold
- Happy Days

Donald Pond was suggesting " The City" was gambling that PXC would need a placing so were selling shares to buy them back via a discounted placing (or something like that). The subsequent to funding buying squeeze could be amplified by those gamblers needing to get back in? Just a theory.

Update later this month from PXC regarding finance for Empire. I can't see Martin Hughes sitting back and watching his investment vaporise because they cant raise the cash. Tosca Fund worth £4 billion. Maybe I am wrong?

What happens to the SP if they raise the cash?

By the time Empire is in production there will be a copper supply crunch that will last for years, maybe a decade. Martin Hughes et al aren't investing for a quick trade. This asset will make huge returns in the long run...;o)))

Cheers Trek

A couple of news items caught my eye today.

US jobs data
https://www.bbc.co.uk/news/business-62093303

Hint on direction of inflation
https://www.bbc.co.uk/news/business-62095670

No recession and easing inflation could see US markets up over 5%. Copper may follow suit not that it affects us directly but sentiment could see PXC SP go up a bit...;o))

Maybe I am a mile off here but if PXC has written the terms of the bonds with the bond purchasers like a negotiation you would think the likely hood of PXC getting the cash is pretty high. As Stanley alluded to Martin Hughes or Tosca Fund could be buying them. This would be a huge win win for him/them SP goes up and you get dividends plus an annual coupon. £$£$£$£$£$....;o)))

Copper miners will experience grade decline and a growing supply gap. Demand will outstrip supply by more than 6mn tonnes by 2030. You would think there are plenty of takers on the bonds given the future demand for metals and the huge potential PXC has for a world class asset. I see the % annual coupon has been raised to 8.5% from 7.5% according to Mining.com.....;o)))

Copper really motoring now up nearly 5%. Hopefully back to $4 by year end (or sooner!)

...we have some catching up to do ! Copper up nearly 4% $3.54....lets go !!...;o)))

Copper price has made a slight recovery at $3.45 this evening. I’m seeing commentary around peak inflation having been reached in the US. Not final but there does look hope that a bottom has been reached for the US stock markets. Maybe the same can be said for copper. Copper and Dollar both up which maybe bodes well for us, copper seeing strength.

....are the big boys getting in ?....(or out!)

33p paid. 852k volume. Might be some delayed trades later. We just need that cash !!

If PXC raise the cash you think the SP would at least double from here. Long term outlook for copper is " fk we have no copper!!" so long term should be great. SP could go lower but hey ho.

Bloody hell mate you are balls deep !! I do agree with your sentiment BTW ....;o))

Just bought some 40,000. Let’s go for it !!

Well the bond terms were written in liaison with the bond buyers so you would think they are ready for the deal. If the bonds do get sold where is the SP heading ?

The thing is, copper price has crashed but is is still currently $3.44 v's $3.6 in the FS so no panic yet. Also copper pricing looks ahead 6/12 months so you wonder how much lower it will go. Surely the economy isn't going to crash ! The central banks won't let that happen.