Primorus Investments Share Discussion Threads

[megaman2] 02/11/2021 10:53

Not suggesting this but at what level does the share price to nav become that low that action is taken to wind this up and stop bleeding costs and realise the value of the assets?

[mallorca 9] 01/11/2021 08:26

I just cannot understand all the negativity.
I see today's share price as a great opportunity .

2022 could be an exciting year here and that is not far away.

RL bought 1m prim shares here this year paying up to 4.6p.

The Directors incentive scheme allows conversion of warrants at 6p , 8p, and 10p.

This will fly once things are clearer in December.

[hj996] 29/10/2021 09:30

There was a similar poster on the LSE board making scandalous and false/defamatory comments about the management and the "loss" of the investment until he was threatened with appropriate action by the company management if he persisted.

Seems like the same poster may have moved here under a different user name and making the same type of unsubstantiated and false comments.

[daicaprice] 29/10/2021 09:05

Rupert Lubrum Executive Chairman in Prim bought 16.47% of Net Zero Infrastructure #NZI yesterday, a sizeable holding and worth keeping an eye on.

DC

[big7ime] 29/10/2021 08:53

Ignore someone who changes mind every few days, clearly trying to trade this.either that or he has Dissociative Identity Disorder (Jekyll & Hyde character)

chutes0120 Oct '21 - 13:11 - 2162 of 2179
0 0 0
Look to buy under 4pence is very good I’m believing here

[megaman2] 29/10/2021 05:19

What I don't understand here is prim hold all sorts of extremely illiquid investments some at notional values which can't actually be sold and the real value may be a lot less but suddenly the threat of getting bmn shares is such a bad thing. Bmn is reasonably liquid with 3-4 million shares traded daily. Yes it's a deal that's not gone to plan but prim have had 10% annual interest and will effectively buy bmn shares at the end of December. To start saying they have $1 million loss is whilst not impossible if bmn shares drop 40% after they are bought but equally they could make $1 million if bmn go up 40 % . Seems to me it's scaremongering when the future price of bmn next year is clearly an unknown.Like it would be if they bought any other shares. For example if they bought $2.5 million shares in eua tommorrow have they lost $1 million pound - no they have not. The comments above from chutes is for me from someone who doesn't understand the deal or is trying to create the perception of a loss which does not currently exist. Which is it?

[chutes01] 28/10/2021 16:10

Indeed
As you say, let’s hope the 2.5 Mio hasn’t been blown by Labrum

[skyship] 28/10/2021 16:03

chutes a bit OTT surely. Hardly a disaster as even if the whole $2.5m IS blown, then the NAV reduces from 6.55p to 5.27p - see my earlier P. No. 2124.

In any event, the deal was structured in an extremely complex way so as to underwrite much of the cost. We'll see what we will see...

[megaman2] 28/10/2021 15:45

Do you understand the back stop?

[megaman2] 28/10/2021 09:38

I do have a theory that bmn or bushvekd energy will reverse into must as the vfrb-h deal looks dead . That would be beneficial for many reasons mainly attracting institutional investors and raising cash which could lhappen simultaneously on relisting . Also after dilution I believe would be share price value accretive. I find it strange posters talking about difficulty in selling and 5p when it would be by far Prims most liquid imvestment....

[megaman2] 28/10/2021 09:33

Duferco have just opted to take $9 million in bmn at what looks like 9.5p..in theory they could have asked for cash . But bmn seem to be short on cash. In my opinion by the time prim clns become convertible bmn position will be in a much clearer position .I personally think they need to raise some cash which may happen before year end . There are some excellent catalysts next year for bmn all depends what price the share price is at year end . I doubt prim will elect for vfrb,- h shares as they don't have any cash to inject if the cc goes against vfrb-h.akso they won't have a main market listing... $2.5 million shares are a fraction of what duferco have to offload it's a wait and see really . But a 1-2 year investment in bmn may well be lucrative and they will still have exposure to enerox via bmns ownership.

[hj996] 27/10/2021 14:05

Why would that be a disaster and why would they not be able to offload over 5p? They wouldn't sell it in one go would they.

BMN has a shareholding in the very thing MUST wanted a holding in so we would be getting exposure to that through BMN.

Bmn produces Vanadium used in vanadium redox flow batteries. It's building I understand the second biggest electrolyte plant in the world and should be online next year.

Also share price at year lows so maybe a good time to be getting those shares now at these sorts of levels.

[chutes01] 27/10/2021 13:38

looks like prim maybe ending with 2million pounds of bmn, hence recent weakness
disaster for SH as will be unable to offload above 5p

[mallorca 9] 22/10/2021 07:52

It will all begin to fall into place by year end - not long now.

[mallorca 9] 22/10/2021 07:15

I don't agree Chutes.

The are planting the seeds of something which could become quite significant.

[chutes01] 21/10/2021 15:51

todays news update looks like a smoke screen to avert attention from the elephant in the room
some LTHs selling out below bid now, turned into a disaster since the halcian days of GGP

[kinbasket] 21/10/2021 08:01

Start a SPAC. Bit late to the party maybe ? Who knows ? Who cares anymore ?

SPAC sponsors don't go home with empty pockets. Bit of bubbly for the Christmas party. Tra la la la la...

Markets. are. broken.

This opinion is worth what you paid for it.

[chutes01] 20/10/2021 13:11

Look to buy under 4pence is very good I’m believing here

[skyship] 20/10/2021 07:53

Agreed - a rollover is reported seconds apart - not 23mins!

[timbo] 19/10/2021 22:31

Looks a bit far apart time wise for a rollover. I reckon they're two buys...