Member Info for MTSparky

Trek do you mean Indigo? not Idaho...lol

Could they not just be forward selling in cahoots with the MM ? The proper selling is yet to come ?

If the BoD were replaced I think the SP would recover tbh. PXC is priced for zero success and going into administration. Zero confidence in the BoD to deliver anything.

Possibly. There have been some fairly big trades recently, they could be forward selling. They will have millions of shares to sell so time to be cautious for sure.

Copper could easily hit $8, PXC market cap would still be £5m...lol

Lets hope PXC get the funding and that puts them in the driving seat ...;o))

No one knows, the subject in conjecture.

· Phoenix intends to fund ExGen's contribution to the Project's construction costs through a shareholder loan, which will be provided directly to Konnex. It is intended that the loan, plus interest, will be repaid to Phoenix from ExGen's share of the Project's future cash flows. Further details of this shareholder loan, including quantum and key terms, will be announced once agreed between the parties and funding has been finalised by Phoenix.

....the terms of a potential contract are still up for discussion and agreement.

BP - There is no automatic transfer of PXC interest to ExGen if PXC fail to fund or meet certain milestones. This was all removed under the revised agreement in 2024. In fact ExGen merger with MTB Metals could affect its 20% share of Konnex resources. Its a material change in the company so PXC could have leverage to remove them? I dont see PXC going bust, they can just park the asset or sell their 80% stake in Konnex.

BP is your post based on facts or based on conjecture? I find it hard to believe that simple step in rights exist. Have you questioned the company o this? PXC would need to be reimbursed for expenses paid out which would run into $millions ?

....and completely ignoring the commodities super cycle. Surely the market has to catch up with the value here at some point. A new BoD? get rid of death spiral Wilkins? The company looks like a lame duck but that inherent value and huge profits to be made by investors will win in the end surely !?!??!

ExGen prefer royalties from sites they have farmed out like they have done with PXC. One of the major draws for the deal with MTB was the near term production at Empire

The whole site is worth $billions. There is a buyer there quietly accumulating. Priced to go bust. PXC is primed to 🚀

All the reasons why folks invested in PXC are coming to fruition. I still believe the SP is going much higher as the original investment case bears fruit. All very much IMO !!!...;o)))

$8 has been targeted. Copper supply shortages will kick in so who knows.

We are all traders. its our timelines that differs. Your buy and sell timeline is hours...lol. The SP here is going much higher IMO. We might need to replace the BoD to get there though !

More of the asset has now become economical to mine. Mine life and minable resource have increased. Just needs management to deliver something !

I think the issue with traders on these forums is that they buy shares talk up the company (Ramp) and then sell into the rise (dump) then start talking down the company because the want the SP lower.

With today's spike in metal prices I still think this goes higher. The site is just too valuable !! CLN holder gets a conversion bonus at 5.5p...;o)))

Riverfort are out. The director buys saw them off.

Close above 3p bodes well IMO. Next week should be interesting.

HAPPY NEW YEAR !!

I just don’t see a mine site as valuable as this and almost ready for production in the US not getting mined. Funding, JV, take out something is going to happen. The LOI investor is a friend of an existing shareholder so they both stand to make $$$$$$$ out of this transaction. Hope we back test 3.1p and then up to test 4.5p.

DP on Twitter - 2 key points on #PXC. The market value of metals at the Empire pit has rise from around $850m at time of the PFS to over $1.4bn today. Most of that increase translates to profit. And as prices rise, so more of the pit becomes economic to mine, improving financials further.