Primorus Investments Share Discussion Threads

[aidenabettin] 11/1/2019 13:19

That asset will be dumped soon after a pump..Watch this space!!!!

[dafrog] 11/1/2019 11:00

Doing well with our GGP shares. I have bought a few also.

[corrientes] 18/12/2018 16:37

As someone said, the AIM market just now is 2008 Mk2 on steroids.

Small companies worth b all.

[spectoacc] 18/12/2018 14:23

In for 5m at a penny.

[rental] 10/12/2018 08:40

Surely now they will start buying their own shares back at this price,
If not very very stupid.
Why the hell look for opportunities elsewhere when you can make money on your own company.

[sweepie2] 28/11/2018 02:29

Abit of a scatter gun investment strategy but seems a decent enough investment as long as they continue to hit the grades

Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to advise shareholders that, as per its investment mandate, it has purchased a total of 27m shares in AIM-listed metals exploration company Greatland Gold PLC ("Greatland"; (GGP.L)).

Commencing on the 19(th) of November and finishing on the 26(th) of November, Primorus has purchased 27m shares at an average price of 1.67p per share representing approximately 0.84% of Greatland's ordinary shares in issue for a consideration of approximately GBP450,000.

Greatland recently reported an excellent combined drilling intercept of 275m at 4.77g/t gold and 0.61% copper, including an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m (HAD005) at its 100%-owned Havieron Gold/Copper project in the Paterson Province region of Western Australia.

Previously announced drilling by Greatland at Havieron also yielded excellent results, including 121m at 2.93g/t gold and 0.23% copper from 497m (HAD001) and 21m at 3.79g/t gold 0.44% copper from 418m (HAD003). Further drilling results from Havieron are pending.

Alastair Clayton, Executive Director commented

"As per our investment mandate, which includes natural resources, we have taken (for us) a meaningful stake in Greatland Gold PLC for exposure to what we regard as its hugely exciting Havieron Project and substantial exploration portfolio in the emerging exploration region, the Paterson Province in Western Australia. The Paterson Province is home to the prolific Telfer Gold mine that produced over 425,000oz in 2017/18 and more recently has been the location of the, as yet unquantified, Winu Copper Discovery by Rio Tinto PLC (RIO.L).

The results from Havieron to date are, in my opinion, shaping up as one of the most exciting gold/copper discoveries globally for many years. We are particularly impressed by the very large widths and high-grade nature of the small number of drill holes to date and whilst early days, I believe this discovery has the potential to be a Tier 1 mining asset in a low sovereign-risk jurisdiction should the exploration results continue to confirm the continuity of the mineralisation encountered to date.

I believe that given recent soft equity markets the investment community is largely asleep to the potential of Haveiron and thus the shares in Greatland are, in my opinion, hugely undervalued. As per our name and our mandate, Primorus is happy to invest early and hence we have taken the decision to gain exposure to this world-class exploration project before larger and more risk-averse investors."

[dvsfm] 07/11/2018 16:10

Exactly, if it does turn into a global player could be viewed as cheap, only when it goes public and starts to report to the market will we know for sure

[red army] 07/11/2018 16:06

Yes £1m short of £40m - still very expensive.

[dvsfm] 07/11/2018 16:00

Ive already told you the real figures provided by the company, so its easy for you to confirm its not £50mill, not even £40Mill at the time of investment. Quite easy to calculate

[red army] 07/11/2018 15:52

dvsfm - you will need to establish yourself what the valuation was at the time of investment and you can take it from me it is expensive for a company of that size.

[dvsfm] 07/11/2018 15:47

From 1 of the RNS's

We have been informed that Engage continues to be courted by a large number of VC funds in the UK and US but is considering maintaining its independence via a further capital raise during 2018. On 13 March 2018, the Company announced that it had invested a further £500,000 in Engage at £22 per share and now held approximately 3.6% of the issued share capital of Engage.

[dvsfm] 07/11/2018 15:38

so you have rounded down our holding and upped our investment cost. I think you'll find as last known figures its 3.6% holding for £1,400,000, makes a big difference in valuatiiom entered at.

[red army] 07/11/2018 13:49

They have a 3% holding and £1.5m invested so what is the market cap £50m.

[dvsfm] 07/11/2018 13:22

Think you need to check your figures it's nothing like what you're quoting

[red army] 07/11/2018 11:46

I am not that impressed with the banging on of Engage as they would appear to have invested at a average valuation of £50m which in my opinion is far too high given that they estimate (high end ) an IPO of £100m WHICH WOULD BE DIFFICULT TO ACHIEVE at the end of a bull market phase. Unthinkable to see a valuation of £100m - at most £50m. I I am a holder but only see a steady increase here assuming we see exits on investments.

[temmujin] 04/11/2018 19:25

nope...just checked last 2 years ..no prim only dog shares

[aidenabettin] 04/11/2018 17:21

Pls tell me Align research are not here

[temmujin] 04/11/2018 15:53

dvsfm...yes you are probably right..i know when he said he'd bought asiamet it rocketed in no time...must have a big following..he's not daft even if he sounds it

[dvsfm] 04/11/2018 15:26

Engage sounds like it's almost overrun with new client signings 60 every two days apparently. News this week I believe from engage

[dvsfm] 04/11/2018 15:22

Tem. Check this out Justin sounds like he has already bought in. From around 17 mins onwardshttps://audioboom.com/posts/7071446-the-weekend-podcast

[jayrh] 04/11/2018 15:13

Well put it this way ipo on we shop then ipo in engage we will definitely be in a better place. I'm hoping someone buys engage right out that would be nice but let's see what comes..

[temmujin] 04/11/2018 13:02

wouldnt surprise me if we hit 0.3p by friday..chart has that look about it...could be alot more if ukog delivers news this week..dont forget when it was called stellar it regularly spiked to 1p and its now a much better company

[temmujin] 03/11/2018 22:23

THINK there might be alot of buying monday...justin waite has a good following and wont be surprised if he buys Prim himself or probably has already done so..its also nice to hear a good CEO like Clayton explaining what he hopes to achieve for shareholders..i'm in bigtime and will be buying more

[temmujin] 03/11/2018 22:00

alister clayton gives a good interview 13mins in