Primorus Investments Share Discussion Threads

[spittingbarrel] 10/2/2022 18:01

SKY - Wow! You've got a good memory, I sold those for a tiny profit in December but decided to have another shot. I'm fairly bereft of ideas at the moment.

[skyship] 10/2/2022 09:01

sb - I see you bought 100k back in November, so pleased to see you agree with the apparent value here...

IMO, if the 6.55p NAV holds up, then these should be trading at no more than a 30% discount - that would be 4.6p - not 3.6p!

[spittingbarrel] 10/2/2022 08:41

I've just paid 3.6p for 300,000 but it's not showing yet.

[dplewis1] 09/2/2022 17:07

Yes fair point re trade sale, could see Engage being interesting to Hays or Michael Page maybe

[skyship] 09/2/2022 16:40

IMO trade sales far more likely than IPOs...

Looks as though a few small buys took out the cheap stock this afternoon.

[dplewis1] 09/2/2022 15:45

Might be waiting a while, they have no duty to report. Not sure any of them would be even close to going public.. payapps maybe the first candidate?

[skyship] 09/2/2022 15:38

Will join you when we have some further clarity on Engage, Fresho & Zuuse (PayApps). In the meantime added a few today; but still only at 5%...

[twixy] 09/2/2022 15:34

I think I am what is technically called overweight in PRIM ;-)

[dplewis1] 09/2/2022 14:51

Yes, share price much weaker

[skyship] 09/2/2022 14:46

Twixy / dplewis1 - further to your comments on 20th January - plenty of stock now available at 3.44p it would seem...

[chutes01] 09/2/2022 14:35

As alluded to previously, I believe there may have been several PI's holding just below the notifiable threshold, and the MUST deal in April stimied them. The drag on the share price now appears to be chunks being sold into a somewhat illiquid market.
Hopefully the brakes come off soon

[skyship] 09/2/2022 13:45

Thnx Rupert - Good to have confirmation that the cash is back into our coffers.

[betterupthandown1] 09/2/2022 13:36

We will do our best and release news updates as soon as we receive information regarding our investments. Apols but sometimes are hands are tied.
The $1m was returned to Primorus as per our RNS 19th Jan.

[skyship] 09/2/2022 13:32

Hmm - and if we have to take some BMN on board then better be done swiftly - they've broken through 10p and look to be headed to 15p...


free stock charts from uk.advfn.com

[golden prospect] 09/2/2022 13:31

In the meantime we should get the MUST/BMN update !

[skyship] 09/2/2022 13:24

The Finals in June are a long, long way away!

[skyship] 09/2/2022 13:19

Well - good to see them break North through the 30p barrier...

Yet PRIM languish at 3.4p! Are you able to reveal when you will next provide an Update on PRIM, including news on the return of our $1m?

[betterupthandown1] 09/2/2022 12:39

yes, we are very positive on RMM and clearly SPAngel are also.

[golden prospect] 09/2/2022 12:14

Thanks Rupert.

[betterupthandown1] 09/2/2022 12:07

Rambler Metals & Mining* (RMM LN) – 28.25p, Mkt cap £45m – Ming Mine turnaround gathers pace

We have published an updated research note on Rambler Metals & Mining. Please CLICK FOR PDF

NPV Valuation: 168p/s

An accelerating programme of underground development is delivering improvements in tonnages processed, grades, recovery rates and copper production at the Ming mine in Newfoundland.
The recent discovery of a new mineralised zone near existing underground infrastructure east of the main Lower Footwall Zone highlights the mine’s underexplored character.
Despite relatively low levels of past exploration, the mine has an established history of resource replenishment exceeding mining depletion with recent drilling showing both grades and mineralised widths improving at depth providing a long mine life with expansion potential.
As drilling ramps up and development accelerates, the turnaround of the Ming mine is now gathering momentum with copper output expected to double the 2021 levels in 2022.
Rambler Metals operates in an established mining jurisdiction rated among the 10 most attractive places for mining investment globally.
Based on share price Angel’s long term commodity price forecast of US$10,500/t copper, we estimate an NPV6% of US$362m or 168p/share.

[dplewis1] 03/2/2022 15:25

Great many thanks, I do hold here and added a few yesterday. Like the Engage/Zuuse/Fresho investments.. weshop not so much but you can't win 'em all. Appreciate a liquidity event in one of these may be a way off but hopefully the MUST/BMN will fall in our favour, I like the special deal you got - smart move.

[golden prospect] 03/2/2022 12:53

One might say it's absurd PRIM is trading on a near 50% discount

Having a measurable RMM is great news.
Soon may be either MUST or BMN.
Then add in the green agenda with ALTE.

Hopefully the ex-Clayton choices will get disposed and go into more measurables.

[chutes01] 03/2/2022 12:36

ducks now slowly lining up, this investment is off radar and probably represents best value right now.
0.175p in old money.