Primorus Investments Share Discussion Threads

[skyship] 15/2/2021 09:08

Expected a pullback today on that "Steady as you go" Update. One has to acknowledge that we've had a good rise YTD. Buying at 3.5p & selling at 4.3p delivers an almost 23% return in just 6 weeks; so understandable that some might take a few off the table.

Won't drop back far however as Labrum might be a buyer again at 4.0p!

[tizzer] 15/2/2021 08:27

Nice open?? Deluded pal....2p next stop!! And you have the nerve to troll other BB's.....go and crawl back under your rock you pond life

[mallorca 9] 15/2/2021 07:58

Nice open and honest update this morning.

I must say that , having spent time recently researching this one, my concern was the amount of un liquid investment. That was the problem that recently brought down Neil Woodford.
Prims success to date has really been based around one excellent investment which was Greatland Gold. That investment has now been sold.

I think that it could be a quiet few months here now before the new Management team settle upon their investment choices.

[goggin] 09/2/2021 23:10

Market Cap.6.08MShares In Issue139.83MWith so few shares and a relatively small market cap, I'd be a holder and a tight squeeze could send this skyward on really positive news. If someone held through the bad times, then they are due some good returns and I see much higher prices as Tech5. A market cap of 60m is not completely insane in a mad market - be lucky ?

[techtrader5] 09/2/2021 09:14

Yes, excellent bowls here
Some people will still sell into mini spikes

[toptrump1] 09/2/2021 09:09

So I will just get my money back, hmm think I’ll hold on I’m not sellin just as it gets going.

Bullish pennant and clear bowl formed 67% to 73% chance of the next move (likely around next update) being violently upwards.

It’s close.. There’s a clear short term bowl from mid sept last year

Tp 6.2p

[techtrader5] 09/2/2021 09:01

In yours Sky, tgt Pr 12p

[techtrader5] 09/2/2021 08:54

Well if you’re going to sell at the conclusion of the bowl, then of course you’ll miss the main fun. As a shr often goes near vertical from the right lip

hxxp://premium.working-money.com/wm/display.asp?art=626

[value hound] 09/2/2021 08:46

Well anyone who wants them can have mine at 5.8p; I'm not greedy.

[techtrader5] 09/2/2021 08:43

6p by Sept?

[skyship] 09/2/2021 07:44

Gary re yr 1836 above. OK - I increase my target from 6p to 7p...

[skyship] 09/2/2021 07:43

Sorry - but those charts are of course irrelevant - though a bit of fun maybe.

What is totally relevant is this chart:


free stock charts from uk.advfn.com

[techtrader5] 08/2/2021 23:34

Oh, btw if it went back to 2002 level: 300x20 is 6000 , £60 or a 1500 bagger 😜

Yeah I’m not serious but I’ll keep hold of a fair few just in case.

[techtrader5] 08/2/2021 23:26

Useful chart Goggin, thanks for posting.
For those interested in bowl charts which I am a huge fan of:
Putting the two charts Stellar/Prim together we are now at the 0.22 level in old money, a great bowl formation and look at the last yr in above, 0.45 looks to me the old money tgt along the bottom line with spikes to 0.8 within a yr which = 9/16p.
Then the rise gets much steeper further out
9 even 16 Quite achievable this yr considering current m.cap just 6m
Get a real blockbuster ipo, Sky’s the limit

Just my musings, dyor.

[goggin] 08/2/2021 22:16

That 4p in new money = app 80p after the 1:20 consolidation

[goggin] 08/2/2021 22:13

free stock charts from uk.advfn.com

[goggin] 08/2/2021 22:11

free stock charts from uk.advfn.com

[toptrump1] 08/2/2021 20:30

I need 12p to break even here from Stellar days. I think they should get there with upgrades to holdings value and a few decent floats or even one can make a difference as current mkt cap is just £6m
Currently trading at big discount to asset value which may swing the other way once the new management prove themselves so you might be right rental

[rental] 08/2/2021 19:25

8p is about right, I prob sell
25 percent of my holding when we hit 10p

I think once we break 5p it will be a very quick rise up

[toptrump1] 08/2/2021 17:59

Was named Stellar Resources before that, price was 15p (equiv) in 2014. If you go back much further it was 300 19yrs ago. But if you want the top of the longest bowl starting Oct 2011, it was 70p. Not saying it’ll reach that anytime soon as that’s a very long term chart but depends on what your timescales are and how much you buy into charts.

[gary1966] 08/2/2021 17:09

Skyship,

PRIM peaked at 8p in new money on 20/07/17 according to charts on the IG platform and so does the completion of the bowl not end there rather than 6p but at the very least closer to 7p per your chart?

Thanks

Gary

[rental] 08/2/2021 17:00

A bit of spending money for spring,

I’m got a huge amount so no sweat really
Plus it gives me top up money if it does drop

Someone else did sell a few after me though. But def more
Buys than sells

[skyship] 08/2/2021 16:54

rental - sympathies - so easily done; though haven't done that one. Have sold 6000 instead of 60000, so had to make two sales instead of one. Happily commissions are so low these days; so not an expensive error.

BT - TARGET - well, the BOWL chart suggests 6p...

[toptrump1] 08/2/2021 15:47

So can you imagine the price if rental hadn’t sold by mistake! 😉

[badtime] 08/2/2021 15:36

So...short term target :)