Member Info for Red666

Https://ionanalytics.com/insights/mergermarket/marcus-edward-jones-and-paul-de-gruchy-at-phoenix-copper-on-trends-in-the-copper-space/

Production mid 2026 !!

Someone just bought 364,298 sharesfor £20,000 - mine cost a little(!) more than that!!!

Further info:

"Significant progress with the HyProMag USA LLC ("HyProMag USA") bankable feasibility study ("Feasibility Study"). Remains on budget and on schedule for release prior to end of 2024 fiscal year

HyProMag Limited ("HyProMag") entered into an exclusive agreement with Inserma Anoia S.L to commercialize automated processing of hard disk drives, loudspeakers and electric motors to compliment HyProMag USA and HyProMag's German and UK future operations"

Good to see the spill resolution - get voting!!

When I did my research and analysis well over a year ago I thought that the overall business model was intriguing and potentially very sound - so I invested at around 10p. Now after a raft of positive news including the MDA the price is wafting around the 6p mark - incredible!! Anyone wish to speculate where you think the price will be this time next year?

Excellently reasoned Roymunna!

My less eloquent position regarding actual facts is:

1. I'm still heavily invested with a paper loss atm of £30k+.

2. RW has a track record of believing any old tosh which he is told by supposed investors.

3. We have acquired a huge, ironic, ball crusher!

Like you I hope that the balance sways towards a successful venture and indeed time will pass.

From Paul (aka Donald) on the Telegram board:

OK, I have just spoken to RW. He has said that despite the company still being in a closed period he has recorded and interview with BlytheRay which will be published shortly. They are doing the editing and tidying up but I'm sure it will be published this afternoon. I will let that speak for itself and will step away until it is published.

A trifle harsh, I too am a LTH but have a different view - I believe the BOD's heart is in the right place but have ended up with a potentially dubious bedfellow. The underlying geology supports the project as does the economic climate and demand for the copper. Someone will be digging here and making some money but will it be PXC?

Is the Phoenix heading back into the fire? The market appears to think so! For many LTHs this has been a long and bumpy journey and with hindsight I should have parked my hubris/greed and stayed where I belong - in the FTSE100. My other mining 'opportunity' in the AIM is also presently hugely underwater!! Looks like an expensive and salutary lesson! GLA

Food for thought:

https://stocksdownunder.com/article/will-lithium-prices-recover/#:~:text=After%20the%20past%2018%20months,that%20many%20companies%20project's%20profitable.

I think that it is a great shame that they have decided to scrap the modular DMS unit processing approach as I have always thought that a prototype step-wise refinement pays dividends. As ever with mining operations the time-frame for making a profit is heading south. More time to be bided!

I signed up to MKA's integrated ‘mine, refine, recycle’ strategy some time ago and it is wonderful to see the strategy finally gaining some traction - it will be a long haul but the future is set fair, all we need is a following wind!

Well, I beat the RNS!

Https://www.electrabmc.com/news-releases/news/electra-identifies-new-copper-showing-in-idaho-and-extends-redcastle-agreement

Interesting?

A mine in the hand is worth two in the bush! I think that the money will push this through the ratification stage sooner rather than later.

Https://www.mining.com/porphyries-deposits-holding-the-winning-trifecta-with-copper-gold-silver/

An interesting read.

I don't think that it is deliberate misinformation and so it seems to me that they (the BoD) are either naïve or not very able negotiators! The 'constant' delivery of nothing but false dawns is becoming irksome but I still believe that my initial research into the potential returns of exploiting the geology is accurate. When looking at the videos of Ryan speaking the word 'stolid' leaps to mind! Good luck to all.

Blimey, if nothing else we can form a Phoenix Poetry Club - The PPC!!

Look out world here I come

the phoenix is rising again...

I've fallen down, but look what I've done

I'll be here 'til the end...

“All intelligent investing is value investing, acquiring more than you are paying for. You must value the business in order to value the stock.” - Charlie Munger RIP