Pires Investments Share Discussion Threads

[scotty666] 15/6/2016 08:22

Looking at recent trades all short termers are back out now yet the price has remained solid.

I expect this is the bottom (not least given the mkt cap) and they just need to do "something" - I expect an RTO and/or fund raise soon with the latter around this price given underlying assets.

[timely4] 13/6/2016 17:11

I wish they would hurry up and get on with it!

[scotty666] 23/5/2016 13:13

GWIK was just suspended pending an RTO, at the suspension price it was valued at x2.5 asset value (cash). That would put this at about 12p - 14p :)

[scotty666] 20/5/2016 12:15

AGM is next Friday, I doubt anyone is going but if so please let me know so I can forward a few Q.

[5baggersrus] 04/5/2016 14:55

SALV and RAME on the up adding some value here.....

[scotty666] 29/4/2016 10:56

NAV is around 6p, if RAME pull off their US funding round in May this will grow quite quickly as their wind projects are executed this year. Otherwise we sit on ones hands awaiting the reverse - looking at the accounts released today the shell is as clean as it could be, no warrants, debts and I even fell off my chair noting the directors have reduced salaries (this is AIM right??)

[scotty666] 29/4/2016 08:53

The results were never going to be good and are history, the deal here is about the RTO, discount to asset value and also the expected recovery in RAME this year.

[barnetpeter] 29/4/2016 07:33

Not great results...want to raise money by a placing....looking for a reverse.

Even so, trading at a discount. Shame rame has been such a disaster.

A cheap shell with real possibilities for anyone looking for a quote. Holding on....a real punt of course but 100 baggers have been made from reverses into this type of company.

[scotty666] 28/4/2016 08:30

PIRI own 3,345,270 shares in RAME.

[scotty666] 28/4/2016 08:30

Details below of the RAME RNS from today,

28 April 2016

Rame Energy plc ("Rame" or "the Company")

Private Placement

Private Placement of new Ordinary Shares

Rame (AIM: RAME) is pleased to announce that it has initiated a private placement (the "Private Placement") of ordinary no par value shares ("Ordinary Shares") to raise up to GBP2.8 million. The Private Placement is expected to consist of new Ordinary Shares to be issued at 9.0p per new Ordinary Share together with a warrant to subscribe for one additional Ordinary Share exercisable at 18p. The warrants will be exercisable for a period of five years.

Highlights:

-- The Company has made arrangements with a United States registered broker dealer to act as its finder for the Private Placement;

-- New Ordinary Shares to be issued under the Private Placement at 9.0p per new Ordinary Share together with a warrant to subscribe for one Ordinary Share exercisable at 18p. The warrants will be exercisable for a period of five years;

-- The Private Placement is conditional on shareholder approval and a General Meeting will be convened to approve the fundraising;

-- Funds will be used to complete the development of a set of priority projects from Rame's overall pipeline and for general corporate purposes;

-- The Directors intend to allow existing shareholders to participate in an Open Offer on the same terms as those being made available under the Private Placement. A separate announcement will be made in due course; and

-- In addition to the $4.0 million development loan which was announced on 25 April, the Company had cash and cash equivalents of GBP0.79 million (US$1.1 million) on 1 March 2016.

Use of proceeds

The net funds raised from the Private Placement will be used by Rame to advance the development of the Company's portfolio of wind and solar projects in Chile and general corporate purposes. Specifically, it is the Company's intention to use the proceeds to complete the development phase of a group of projects with a combined generating capacity of 210MW within the next twelve months. The Private Placement is not being underwritten.

[5baggersrus] 28/4/2016 07:22

RAME we have over 3 million shares in.....raising new cash at a premium & warrants at 18p double !!! They will accelerate existing projects and close this year..... I think our invest will look pretty by YE ...

[5baggersrus] 27/4/2016 22:15

Nice.....@)

[scotty666] 27/4/2016 13:20

falia I think that will come when they announce an RTO, any rise in the interim is welcome but not worth selling for a 10% gain. Hold for the big bucks in my opinion.

[falia] 27/4/2016 12:37

boom boom time

[scotty666] 27/4/2016 11:38

It isnt really surprising to be frank, shells are not so much in demand due to the AIM rule changes last year but PIRI sat down at a few hundred k just does not make sense.

I like the investments which themselves have alot of headroom to increase in value.

[falia] 27/4/2016 11:16

starting to move up

[scotty666] 27/4/2016 09:56

Even at todays depressed price their current investments are worth 500k, the largest RAME is doing really well in terms of new business but it is not reflected in the share price

So really it is quite a safe investment down at this level, the cherry will be if they do manage to get away the reverse transaction they are working toward.

As results are due this week we might see an update on progress regarding an RTO, otherwise just sit and wait.

Low Risk with High rewards albeit a micro cap stock.

[5baggersrus] 26/4/2016 18:36

5 bagger from here with an RTO .....boom x

[scotty666] 26/4/2016 12:02

Purchased a small amount ahead of expected RTO, as ever with shells there is an element of risk v reward so better to spread a small portion only over several candidates.

[gbb483] 15/4/2016 17:07

Now we've got room to fall, guess what ...

[timely4] 01/4/2016 08:58

Changes all sorted and share price just above the predicted level. Let's hope they find a RTO candidate soon.

[gantenbrink] 21/3/2016 14:49

How weird is that!

[godolphin] 21/3/2016 14:44

So Jackson has gone! Just like that!