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As I said this morning, they are desperate for shares, perfect storm brewing, never seen anything like it.

Pulled down on low volume, a few buys and straight back up. There are no shares available full stop.

If they want shares, and institutions want in, they will have to increase the price BIG TIME here to entice people to sell!

Many have targets in the £££ so will be very difficult to shake ;)

Higher highs coming. Stage 2 uptrend can last months/years, so much transformational news in the pipeline.

If sulphides are truly hit then it will be straight into the ££ early indications and first drill core has been spectacularly promising, beyond their expectations!!!

Good luck. DYOR

MTS you missed the more interesting part of the tweet ;)

Hardman Company Report:

'WE BELIEVE THAT EMPIRE IS LOCATED CLOSE TO THE EPICENTRE OF MINERALISATION IN THE WESTERN US'

No wonder historic Copper grades were 6-8%, and latest drill cores showing 25-75% sulphides!

At every stage weak holders out. Longer termers in, bodes well.

The strength of PXC is ONE way (stage 2 uptrend), the mm's will have to try a lot harder than rinse on low volume and then panic and pull it back up again!

I'm guessing many will be pleasantly surprised by how quick this will move in the next few months!

TM totally understand what you saying.

My point was miners have usually got billions of shares in issue!

Anything over £5 in the next 12-24months I would be very happy ;)

Would give a market cap of only £580m, easily doable with the assets and plan that management have!

Slow and steady wins the race.
PXC are at the very beginning of stage 2 uptrend

GS - No chance. They are Major Tier 1 mining companies, with multiple assets all around the world.

However the pathway is easily set for PXC to top billion +

With the very low number of shares fixed now, this could easily get to BOD's target, with very low risk.

£1 Billion - £8.62 (x 12)
£2 Billion - £17.24 (x 24)

Risk/Reward - One of the best on the market.

If they are looking to buy in and build a position, then happy days for everyone.

They will take this wherever they want.

And no cheap gifts for them, they have to buy on the open market.

Wouldnt be surprised if they are snapping everything up say under £1, happy to hold for the medium term to get to £1b, it would still be 10x for them, at very low risk.

I am sure they will be lining up now.

Some very knowledgeable posters on telegram suggesting there target is way beyond £5. Which would value it at 580m.

Management have suggested they can get to £1 billion - £8.62

Depending on what they find could be significantly higher.

This decade copper is only heading one way!

Each to their own. DYOR

And back to my point above.
A very very low number of shares in issue here, if anyone wants to buy in, they have to move the share price up significantly, to entice people to sell.

Obviously you will get days like last thur/fri, where they are clearly desperate for shares, so will drop it on no volume.

Just goto hold on tight. This is on the cusp of something very big. A perfect storm brewing for PXC - Big deposit, huge upside, metals prices increasing, safe jurisdiction.

As the management say thid could be £1 billion company.

And the key, they do not want to issue anymore shares. Do you have your golden tickets???

DYOR

Only just beginning to come onto peoples radar.

Re-rating has only just started.
This is low risk/high upside, pretty unique.

Just do your own research, and you will soon see the scale of the opportunity!!

Look at the latest drill core samples of the sulphides, a thing of beauty!

Timing share breakouts is a skill to have in the stock market, as it avoids one sitting on “dead money.” In the case of British Virgin Islands-based base and precious metals production and exploration company Phoenix Copper (PXC), its fans had to sit through some 10 months of the stock sitting in a stubborn 40p – 50p consolidation band. Even with the mid July announcement of sulphide-rich mineralization being found underneath its Empire mine in Idaho, the range remained until last week. Typically, what one sees is not only a delayed reaction to good news in such situations, but the breakout when it comes can gather a logjam break effect and there is added momentum to the rally. So far Phoenix Copper has peaked at 72p in just a few sessions. However, after being held back for so long there could still be more for the bulls to get their teeth into.

If I was a major, with all the political wranglings around the world, unrest, sanctions, just play it safe and secure a World Class strategic resource in as safe a country as possible! Idaho USA

M&A Activity in Mining is going through the roof right now. Just goto look at Anglo American' H1 profits to see how much money is sloshing around in the industry!

Hostile takeover a possibility anyone?

Ticks all the boxes:

1. In an extremely safe jurusdiction

2. In demand metals for the green energy revolution

3. Coming into production next year

4. Potentially a Huge World Class deposit

With all the troubles around the world, a major tier 1 mining company would do well to secure key minerals in such a safe jurusdiction!

If the sulphides are well and truly hit, RS and NC in the mix, imho Glencore/BHP/Anglo Ameican will be all over this.

Harry Kenyon-Slaney, our new executive board member, has worked at Rio Tinto for many years!

Maybe not now, but in the next 12-18month, you never know, huge consolidation going on in this sector, majors know whats coming, AA H1 profits were $10.1 billion, and the supercyle its only in its infancy yet!!!

Next week should be very exciting.
Plenty of news in the next few months.

Dropped on low volume today/yesterday, as soon as a bit of volume came back they had no choice but to pull it straight back up.

Some good research will surely go a long long way here £££

Opportunity is still there. Most people without doing the research dont understand how big this can become. World class asset, in a World class jurisdiction, and we're on the cusp of a metals super cycle!

Best of luck to everyone

According to the article PXC is at the beginning of stage 2, what is stage 2:

Stage 2: Uptrends

The uptrend signals the start of Stage 2, a period in which market participants can buy aggressively, especially in the early phases. New uptrends tend to attract a small group of committed buyers at the beginning and a big group of weak-handed chasers and followers closer to the end. In turn, the early phase of an uptrend tends to elicit well-organized price action with a graceful series of higher highs and higher lows, while a late-stage uptrend tends to spit out all sorts of traps, stop-running and failure swings. This happens because market insiders take notice of the developing uptrend and use their special skills to shake out weak hands and late adaptors.

The middle of Stage 2 often prints a high-volume continuation gap that marks the halfway point of the uptrend. This surge to higher ground also signals the formal introduction of weaker hands into the trade. Early adapters should tighten stops when uptrends exhibit this emotional intensity, because price action is likely to get more erratic, although late-stage uptrends can produce the most vertical price action and rapid profit building of any segment within the second stage.

Could last many months/years

You need to read the full report, FASCINATING. Supports everything the BOD have been saying!

With regards to the Porphery (page 30)

' beneath Empire's sulphide mineralisation, there is the potential of a much larger

- porphyry molybdenum tungsten ore system OR

- porphyry copper molybdenum ore system

The Empire deposit shows some similarities with the Antamina copper mine, the world largest copper mine based on a skarn deposit

https://www.hardmanandco.com/research/corporate-research/reload-a-mountain-of-copper-silver-and-gold/

3 layers to the Empire Cake!

Copper Oxide

Copper Sulphide

Tungsten Molybdenum Porphyry

Wow Gets better and better!

Don't forget the Copper Porphyry below the Sulphides!