Primorus Investments Share Discussion Threads

[rental] 17/3/2022 15:12

im happy to stick my neck out and say I think we will be over 4p this week,

[megaman2] 17/3/2022 15:08

We need really large moves in the underlying stocks like rambler more than 9% as it's not a significant proportional move to the whole portfolio to register.

[rental] 17/3/2022 14:55

MM playing games, this is about to explode in my opinion now,

My system is showing more buy than sells.
at least 740000 buys v approx 610000 sells
and rambler up 9 percent

[dplewis1] 17/3/2022 14:45

Looks like someone decided to dump 400k shares.. far too illiquid here really

[rental] 17/3/2022 14:42

why the drop after rambler windfall

[twixy] 17/3/2022 11:55

hTTps://www.londonstockexchange.com/news-article/RMM/gold-streaming-agreement-with-elemental-royalties/15372711Good news for PRIM!

[golden prospect] 16/3/2022 13:09

Thanks CWA1, further demonstrating that our leader is a very decent chap

[cwa1] 16/3/2022 13:07

Cancellation of Share Options


Further to the notification of 2 March 2021, Primorus announces that the holders of all of the 12,000,000 Share Options exercisable at £0.041 per Ordinary Share have agreed to their termination with immediate effect.



The Company has no short or medium term intention to issue any further Share Options.



The Share Options have been terminated to ensure dilution to existing shareholders is minimised.

[golden prospect] 15/3/2022 12:04

I hope we are selling Clean Hydrogen for a great short term gain

[dplewis1] 11/3/2022 14:37

Liquidity pitiful here, it's NT to sell now after that 474k below the bid

[dplewis1] 11/3/2022 13:54

Yes think you're right, it's just referring to PRIM enacting the backstop arrangements. Painfully slow process this MUST/BMN saga hopefully next week should get a bit more clarity

[twixy] 11/3/2022 13:22

I think the PRIM RNS of 28th Feb already mentioned this...,I don't believe today's RNS is anything new but happy to be corrected.

[dplewis1] 11/3/2022 13:15

RNS from BMN saying PRIM have elected to exercise its CLN option and that they have extended the notice date to March 17th

[rental] 10/3/2022 16:45

around 9.8p

[megaman2] 10/3/2022 13:52

Probably 9.5p it was the 20 day average preceding 28 th Feb vwap...volume weighted average .it's up to bmn if they give them cash or clns with 10% interest they can be converted in 6 tranches over 18 months .although cash is the cheapest option for bmn I think they will go down the cln route . As year end bmn only had $15 m in cash and have capex $17 and short term debt $7 m to pay plus they have form as they recently settled duferco an outstanding debt which should have been a cash payment but agreed dilution Instead .

[dplewis1] 10/3/2022 13:36

How do you mean, as far as I know PRIM don't have a stake in BMN as they can elect to pay back the money + interest instead of CLNs?

[dplewis1] 10/3/2022 13:31

BMN and PRIM have until COB today to make a decision on the backstop.

[imjustdandy] 10/3/2022 11:57

I reckon their $1.5m stake in Bushveld now worth $2.4m

[imjustdandy] 10/3/2022 11:38

PRIM hugely geared to Bushveld which is up 50% since we exercised our option. I assume PRIM receive their Bushveld shares around the 9p mark? Can anyone advise?

[twixy] 10/3/2022 10:31

No idea but we should get a sense when it list on April 4th.

[imjustdandy] 10/3/2022 07:17

What is Alteration Earth worth to Prim? And still to list ?

[twixy] 10/3/2022 07:02

Do not forget RMM

[skyship] 10/3/2022 06:41

Last NAV declaration (some time ago) was 6.55p/share. Since then the CPH2 acquisition adds to that; whilst the balance of the MUST/BMN deal has still to be declared & could go either way...

[megaman2] 10/3/2022 06:11

My guess work from what I have read from other posters etc is about $11 million. It's not an official value just what I think is a realistic valuation of it's current assets . Could they be sold at that price some probably not as always dyor. I'm invested so may have a bias but I try to post reality .