Member Info for zaphod99

https://soundcloud.com/user-596578261/vsa-capital-morning-miner-with-paul-renken-261020

https://soundcloud.com/user-596578261/vsa-capital-morning-miner-with-paul-renken-261020Well

Today’s VSA Morning Miner podcast mentions and tips Phoenix Copper:https://soundcloud.com/user-596578261/vsa-capital-morning-miner-with-paul-renken-261020Well worth a listen!

Who knows?

But it's good that you've taken a stake in PXC to offset some of the risk associated with investing in any mining company trying to operate in Russia.

Recent events at Petropavlovsk (formerly Peter Hambo Mining) which is also in Russia have been a real eye-opener and with Russia already in the bottom half of Mining Journal's Perceived Risk table it's likely to drop even further down the rankings.

Did you just take PoF's number and divide it by the current number of shares in issue to reach £26 per share?
Are you assuming that it costs nothing to get metals out of the ground and that 100% will be recovered?

Only 1-2% has been explored, not discovered.

There's no question that PXC is very undervalued but let's keep the discussion sensible.

MTSparky - I'd be interested to see your calculations to show how you arrive at £26 per share.

Redcastle and Bighorn cobalt prospects will come into play at some point but are not currently at the top of the priority list.
Nobody knows how much cobalt they hold because they've barely been touched therefore no whispers of Tesla deals.

Ryan and Richard presenting at the Virtual Investor Conference at 4pm today

To register: https://tinyurl.com/MiningVIC063020

Hardman & Co Research: Phoenix Copper presenting at virtual Investor Forum on 9th July 2020

We are delighted to announce that Phoenix Copper will be presenting at our next Investor Forum on Thursday 9th July. The Investor Forum connects investors with companies looking for capital. Each company will present for 10-15 minutes, followed by an opportunity for Q&A.

Phoenix Copper Ltd is listed on AIM and trades on both AIM (PXC) and the OTCQX Best Market (PGMLF). Founded in 2013 and headquartered in London, it is an Idaho, USA-focused base and precious metals exploration and development company. Phoenix Copper's flagship properties include past-producing copper, zinc, gold and silver underground mine, the Empire Mine near Mackay in Idaho. It is also an owner of Redcastle and Bighorn exploration properties in Idaho where it engages in the production and exploring for cobalt.

hTTps://www.hardmanandco.com/july-2020-virtual-investor-forum/

If you are interested in attending the virtual forum, you can register your interest by clicking on the above link.

Daramuda - regarding your recent posts.....

I can assure you I am very familiar with the Oxus case but even so, I followed your advice and Googled "Oxus Gold" to be sure that I wasn't missing anything blindingly obvious. It came as no great surprise that I struggled to find anything to suggest that Richard Wilkins, or indeed any of the other directors should be held responsible for the loss of Oxus's assets in Uzbekistan. Nor have I seen anything in the administrators' comprehensive reports of anything even remotely negative towards any of them.

If you believe otherwise, can I respectfully suggest that you provide evidence to substantiate your implied suggestion of blame rather than posting vague comments that appear to be designed to discredit him. Rather than suggesting that people 'Google it' which seems a bit lame, please explain exactly why blame should be directed at him or anyone else connected with Oxus, with specific examples of culpability please.

On your implied suggestion that Tom Winnifrith may have negative intentions towards Phoenix, do you have any evidence whatsoever that he has Phoenix in his sights or are you simply trying to plant the idea in people's minds?

Trying to use an article by Winnifrith on Martin Hughes, which by your own admission you have not even read, as some sort of link between Winnifrith and Phoenix comes across as a bit tenuous to say the least but if you can provide evidence of any negative intent by Winnifrith specifically towards Phoenix I'm more than happy to stand corrected. If you have no such evidence, why bother mentioning Winnifrith in the same breath as Phoenix? Unless of course your intention is to try to undermine Phoenix.

On the subject of the loan notes, there are any number of scenarios that would result in the loan notes being repaid on time, or indeed ahead of the time. Failing that, they do not absolutely have to be repaid on the date of maturity, and given that they are in 'friendly' hands, the likelihood is that the date would either be extended or some other form of settlement would be reached by mutual consent. It happens all the time as I'm sure you're aware so I really don't think that the board, the loan note holders or shareholders will be losing any sleep over it. I certainly won't be.

I'm all for contrarian views to ensure a healthy discussion board and I'm also all for directors being challenged but some of the stuff (but not all) that you've posted recently just comes across as nothing more than an unnecessary desperate attempt to undermine the company and certain directors.

Please go back and re-read your posts, both here and on ADVFN and try to view them through the eyes of an existing shareholder rather than as a disgruntled ex-shareholder (assuming you've completely sold out) and you might understand what I mean.

AGM via webinar tomorrow.

To access the webinar platform those wishing to attend should register at:

https://attendee.gotowebinar.com/register/6839549869886924301

Interesting to note that TSX and OTCQX-listed Canadian miner First Cobalt has been aggressively increasing it's land position on the Idaho cobalt belt.

First Cobalt Increases U.S. Land Position by 50%

TORONTO, ON — (April 15, 2020) – First Cobalt Corp. (TSX-V: FCC; OTCQX: FTSSF) today announced that it increased the size of its Idaho cobalt land position by 50%. The expanded property contains the Iron Creek cobalt-copper deposit, the Ruby target and several other surface exposures of cobalt-copper mineralization. The Iron Creek Project is one of the few primary cobalt deposits in America and remains open along strike and down-dip."

Phoenix's Redcastle cobalt prospect is a continuation of First Cobalt's Iron Creek cobalt vein.

Any moves by First Cobalt, or anyone else, on the Redcastle prospect could probably justify Phoenix's current £6m market cap alone with everything else thrown in for free!

If it helps, every RNS the company has ever released (both as PGM and PXC) is available here :
https://www.investegate.co.uk/Index.aspx?searchtype=3&words=pxc

There's not much doubt that financing the Empire Open Pit project became increasingly difficult as the copper price went in the opposite direction to what most experts and forecasters expected.

The timing of Trump's trade war with China which resulted in a slowdown in growth in the world's number one consumer of copper didn't help.

Let's wait and see what the current drilling at Red Star brings. The IRR and NPV figures are likely to be considerably better than those produced for the Empire Open Pit PEA which were based on what we now know to have been an overly optimistic cu price.

So what stands Phoenix apart from it’s peer group of miners?

Located in the safest, lowest risk, most mining friendly jurisdiction in the world as per Mining Journal’s annual risk assessment survey.

Straightforward, fast-track path to production, low capex, no licencing issues expected, minimal dilution, experienced team who’ve done it all before and who’ve brought mines into production in far riskier locations than Idaho.

Serious backing by wealthy high net worth individuals.

They know they’re sitting on a massive orebody of both base and precious metals.

The 2 early projects i.e. Red Star and the Empire open pit projects are simply the easiest quick win, low capex routes to some seriously impressive cashflow to allow the more serious stuff below to be explored, proven and exploited, much of it on patented land.

Less than 1% explored so far.

US produced cobalt becoming increasingly attractive at a time when the Democratic Republic of the Congo which produces 70% of the world’s cobalt, plays hardball and raises taxes and royalties for foreign miners.

Phoenix have 2 cobalt prospects in Idaho.

Massively undervalued but hopefully not for much longer.

New research report by Hardman & Co.

https://www.hardmanandco.com/research/corporate-research/first-stage-in-potential-world-class-copper-mine/

"First stage in potential world-class copper mine"

We made a three-day visit to the Empire project, including viewing the site of the proposed open pit mine, historical workings and drill cores, and we have followed up with in-depth questioning of the Phoenix team on several occasions. In terms of its potential, we concur with the view of consulting geologist, Nigel Maund, in a 5 April 2019 report:
“The Empire Granite Porphyry Breccia (GPB) – Endoskarn copper + gold + silver + zinc + lead + molybdenum + tungsten comprises a world class polymetallic ore system sitting astride a major N - S structure”

Dennis Thomas on Blytheweigh Business News

https://youtu.be/XIxnmDqcEbU

Don’t have access to the documents but it seems that Lamm continues to try to get Gretton’s appeal against the non-payment of the $13million arbitration award (owing to Gretton) thrown out due to lack of jurisdiction.

Lawyer representing Oxus has responded.
Now down to judge Boasberg to decide.

The good news is that the judgements, both in this case but also in Oxus’s appeal against the arbitration outcome are no longer in the hands of the horribly corrupt arbitration system but are now being dealt with in the Courts of Appeal in Washington and Paris. Courts over which Carolyn Lamm is unlikely to have the same influence that she appears to have had over Brigitte Stern and Pierre Tercier that resulted in the ridiculous and totally unconvincing arbitration outcome.

If anyone is interested in coming along to an informal lunch meeting with a couple of the directors and a few other shareholders in London on Wednesday 30th May let me know by sending me a private message.

Interesting post on advfn Looks PGM may become dual-listed if listing on TSX goes ahead

Update research report by house broker Brandon Hill https://tinyurl.com/ybgkn6pq