Primorus Investments Share Discussion Threads

[megaman2] 22/6/2023 15:22

If the company gets the cash keep enough for lights on for 3 years and pay the rest out as a dividend . The recent stock selection has been woeful a monkey could have done better .

[megaman2] 22/6/2023 13:47

I know none core assets are updated on the website..

But this bmn cln is a pivotal issue and I would urge an rns to fully update everyone when it concludes which is theoretically next month . It's a lot of needed cash and succint direct communication is required on this issue as soon as the info is available imo.

The cash is c 30 % of the current mkt cap we should not be finding out via a bmn rns the status quo.

Good luck with getting the cash ...

[megaman2] 21/6/2023 09:45

Cash is now a major problem

[megaman2] 21/6/2023 09:22

Yes awful.rns for prim as the cln is due next month and bmn have admitted they don't have enough cash to keep the lights on ..

Prim need that cash asap ..can't see bmn stumping it up ..maybe some discounted shares ..it's not good at all..

See what happens I suppose ..

[mallorca 9] 21/6/2023 08:40

Bushveld down 16% today on awful results.
Another great Prim investment !

[mallorca 9] 20/6/2023 09:03

Be careful here ... I could see the Company suspending these shares shortly.

[medusala] 16/6/2023 20:10

Thoughts on cash balance / investments since Rupert took over?

[dplewis1] 15/6/2023 17:05

Wasn't Truspine another PRIM investment? That's gone to the wall..

[megaman2] 03/6/2023 05:10

The bmn cln expires shortly .I think july they need to call it in as cash .

BUSHVELD MINERALS LIMITED – Convertible Loan Note for £1,208,988 over the ordinary shares of Bushveld Minerals Limited (for the nominal amount of £1 each with an interest rate of 10% per annum)
4,157,637 shares (including payment in shares for accrued interest) have been converted and sold.
0.098987

So still c £800 k plus 10 % interest should be repaid. I think it's 18 months interest so c £920k. I think expiry is end July from memory . That would solve cash ..although bmn cash position is murky but that will be revealed as their results are due 30 June . They are just re-financing $45 mill of other debt terms have been agreed but not yet completed. Some uncertainties but cash incoming probably...hopefully..maybe ..that's how it is .

[arthur_lame_stocks] 31/5/2023 15:36

PRIM must be getting short of cash by now. They didn't have much when they last reported and I can't see how they can generate any without disposing of investments.

[iceagefarmer] 29/4/2023 09:39

a 5 year old with a pin could have picked better investments..all they need to do is bottom fish and buy vast,qbt,ukog and bloe..problem solved instead of trying to be clever buying these ipo's

[mallorca 9] 29/4/2023 09:22

Also Mustang ...... it's actually quite difficult to be so bad !

[mallorca 9] 28/4/2023 14:29

Or Clean Power Hydrogen !

One disaster after another ...Rambler being the worst.

Hardly investors of the year are they !

[mallorca 9] 28/4/2023 14:26

How's Alt Earth doing .... and Bushveld ?

[mallorca 9] 28/4/2023 14:15

I'm struggling to see any value here at all !
They are definitely going to have to raise funds , so dilution on the way too

[chutes01] 28/4/2023 12:44

Everything Paddington has touched has gone south
Quite the achievement really.

[mallorca 9] 28/4/2023 08:06

Oh dear ...such a fool !
Shouldn't be allowed to gamble his benefits.