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T321, thanks for your comments.
I wouldn't claim any special insights, but it is always interesting to attempt to join the dots. But there are always many more dots in existence than any pi can see - so what you think is a drawing of a rhinoceros turns in fact out to be a piano.
I'm aware that Rupert reads the boards from time to time and occasionally posts - I guess pi's are a bit in limbo at present, you can see something bubbling away, but until the smoke and steam clears you don't know what it is going to be.
I guess we will know soon enough with ALTE, as it is to list before 31-12-2021, so we should get a prospectus within the next 4-5 weeks, I'd guess.
Presumably they will be raising some money, so it will be interesting to see who PRIM's fellow shareholders are going to be.
As for NZI - has Mr Labrum stopped at 24.7%? Are some of his friends buying up undisclosed stakes, taking the "party" up to 29.9%? And what would they intend to do with this scale of influence?
NZI intends to invest initially in a single project, could this be provided by associates of Mr Coull, and PRIM maybe take a "finders fee"?
Who knows?
But hopefully by year end things may be clearer on several fronts.
Btw Rupert definitely reads this message board, have you ever spoken to him? He'd obviously be limited in what he can say but I'd imagine that he would be quite responsive to direct shareholder queries
Hi skittish, as always thanks for your input and insights. I just try and find out as much information as I can, and share it with others - there are much smarter people than me such as yourself that can put the pieces together. I feel that the delay and uncertainty re Mustang has put the brakes on, and there has also been a consistent 100k seller for a long time. As you say, perhaps intentionally keeping the sp down, but for what end game I don't know. The 3 unused SPACS under Prim registered earlier in the year are also still question marks. I'm still willing to wait and see until we have a clearer picture of RL and the BoDs plan - hopefully worth the wait
Incidentally those selling to Mr Labrum at circa 3.6p, appear to be the original IPO 3p investors who held onto their shares for all of 2 months - in some cases not quite that long!
The original 1p investors (a small % )are locked in until after the completion of the first acquisition.
A few RNS's to come yet from NZI as those sells do not yet add up to 24.7%.
Didn't take much for the IPO investors to jump ship, but it will be interesting to see where this is going.
And the NZI prospectus says they intend doing a RTO, rather than just acquiring % stakes.
The continued fall in PRIM's share price has me a little perplexed.
You would think that with (at least) 3 good investments, the Enerox potential and now ALTE, with Mr Labrum doing a bit of extra curricular activity on the side the share price should be going up, not down.
My reasoning (not in any particular order) is that it could be for any one of a number of factors, for example -
1. The Enerox deal was so good, that the possibility that it might fail is weighing on the share price. Clearly matters can't be sorted until at least end January 2022, and maybe not even then, and PRIM has quite a bit of money tied up there until that date, possibly quite a bit longer. Some have mentioned that we could simply accept the BMN shares now, but surely that is not what PRIM wants - it wants Enerox - and BMN may not be able to perform its part of the bargain vis-a-vis in any event, depending on the views and attitude of Garnet. There is also a scrap over the BMN/Garnet JV agreement which maybe does not augur well for the future. If the Enerox deal was really good, then the lack of it may reduce the value of PRIM shares.
2. The market may also have decided that Mr Labrum has put PRIM on a bit of a back burner, and that his interest and future activity is now in NZI.
3. Alternatively NZI may be persuaded to invest in PRIM, thus enabling PRIM to invest further in ALTE, and the price of PRIM is now being walked down to enable such investment to be made at an attractive price to the original NZI shareholders.
4. Alternative scenarios are available I'm sure and welcomed.
My own view is that there is likely correspondence between Mr Labrum and NZI directors as to Mr Labrum's intentions.
We know know that Mr Labrum likely began accumulating NZI on or before 15-10-21, which was just 4 days before Mr Coull was appointed a director of ALTE (I haven't looked through all the NZI RNS's), so the likelihood (IMHO) is that the Labrum's stake in NZI and ALTE are somehow linked.
My own view is that NZI will invest in PRIM, or maybe directly in ALTE, or maybe both and that Mr Labrum's newly acquired persuasive abilities will enable this to happen.
The fall in the PRIM price would also possibly enable the NZI investors to invest, and could be justified to PRIM shareholders as longer term would enable PRIM to acquire a larger share of the (very attractive in the future) ALTE cake.
Anyone else any views on the quite frustrating fall in the PRIM share price?
It should really be going the other way me thinks, or am I being naive?
Bill Gates: Funding clean technology is the way to avoid climate disaster
https://amp.ft.com/content/ea71f4f8-e5d8-4324-a42c-8fa09ccb1cc5
Let us hope so.
Both Primorus and Mustang separately filed various documents at Companies House earlier today - just standard stuff concerning their respective GM's earlier this year.
Obviously they have the same Secretary and lawyers, possibly a sign of something stirring, or more likely maybe just a bit of overdue housekeeping?
"Blackrock CEO Larry Fink: The next 1,000 billion-dollar start-ups will be in climate tech" - let's hope ALTE & Gneiss find one!
https://www.msn.com/en-us/money/markets/blackrock-ceo-larry-fink-the-next-1000-billion-dollar-start-ups-will-be-in-climate-tech/ar-AAPWkQ6
Just thinking out loud here - this is what Mr Beardmore said on 30th June 2021 at the AGM
" I am particularly excited that the Company can explore opportunities which will allow it to invest in special purpose acquisition companies ("SPACs"); principally SPACs whose shares are traded on, or are intended to be traded on, the Standard Segment of the Main Market or AIM. We are reviewing several such opportunities and I look forward to updating shareholders on these initiatives."
Clearly Alteration Earth plc (incorporated 18-08-2021) is the first of those SPAC's (although we have 3 other SPAC's 'on ice' as it were - nothing happening with them since January 2021 creation).
But ALTE is to list by 31-12-2021, otherwise the deal is off. Coincidentally the BMN Enerox deal also appears to require completion by 31-12-2021 as MUST needs to relist by that date (and now appears to be running out of time if it is to issue a prospectus and have a GM).
Of course if MUST don't relist then we get shares in BMN as an alternative, unless the Garnett Commerce legal action has derailed the whole deal, in which case the entire deal would presumably be off and PRIM's investment returned to it.
Of course COP26 is taking place in Glasgow early next month and Gneiss Energy appears to be a largely Scottish operation (another coincidence?) - maybe some announcement due.
ALTE director Andrew Coull of Gneiss, appointed 19-10-2021, appears to have the ability to source projects and finance them.
Rupert Howard Milton Horner, appointed 28-09-2021, may also have access to finance and HNW individuals. He for may years was associated with the Thompson family, who founded Hillsdown Holdings which later became Premier Foods plc. He actually resigned from Thompson Investments on 1-10-2021.
He also had a directorship at Mesh Holdings resigning in June 2019, just after it changed its articles and set course to complete the supposed "deal of the century" to buy Sentiance and list on Nasdaq- if the ASLR and AAA BB's are to be believed - and immediately prior to the Chris Akers and Robert Bonnier crew becoming involved.
So there are some interesting people on board here.
If listing goes ahead PRIM will own 28% of ALTE. RL 20%, SH 2% and MB 2% for a total of 52%. The other 48% will presumably be owned by Gneiss, AC and RHMH. PRIM will have a majority of the shares and thus be able to control the company.
Obviously there will be likely dilution on any initial deal, but is ALTE in addition to Enerox or as an alternative as the parties concerned now know that the Garnett legal action is enough to derail the Enerox deal going ahead?
Or do PRIM intend to run the MUST/Enerox deal and the ALTE deal side by side?
Clearly a slow burn here, but it could be the genesis of something very interesting.
Also look up Rupert Horner, some interesting links and associations with high net worth individuals there.
Both he and Coull appear fairly heavyweight.
I had thought that the RNS regarding ALTE was fairly uninspiring -
Primorus Investments plc (AIM: PRIM) is pleased to announce it has agreed to invest up to £350,000 in Alteration Earth PLC ("ALTE"), a recently established special purpose acquisition company ("SPAC") (the "Investment").
however on further examination the links with Gneiss appear quite interesting.
Andrew Coull was appointed a director of ALTE on 19-10-2021, which appears to have prompted the RNS today.
AC is head of renewables at Gneiss
http://gneiss.energy/about/team/
and he, ex Barclays and Morgan Stanley appears fairly well connected.
Looks interesting.
Nice one Testing123 lol
I think most of us invested in this company realise this is a long term investment and as we invest in the field we do then time needed is paramount to unlock the golden cargo which swelled again in the last released RTNS.
I feel at last we have a captain at the wheel who is also heavily invested in our cargo (golden nuggets ) and will deliver amazing profits for all when he feels the time is right to dock and unload selective sections of cargo at premium prices.
Just hope he navigates well and stays in calm seas .
Yes it's a bit dead. I'm not passing through but getting a bit frustrated. Must be due some sort of update re Mustang or a more detailed explanation. Not sure what to make of today's RNS re investment hope it's not going to be as complicated as the one with Mustang but as both if they happen will be listed investments at least a valuation is going to be more straight forward. Time will tell but in the right area's though.
This share and forum feel like tumbleweed blowing through a ghost town with the occasional drifter passing through. Just waiting for them to discover some gold nuggets nearby
With all of the government investment and policy changes, clean energy is the way to go