Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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That gives the impression prim took some more shares in fresho
would be very interested to find out at what price
compared to previous issues
tks rkb for the post
Fresho Update
Our BoD tweeted an article about Fresho by “Forbes.Com”
If you take 2 mins to read the article, you will have information to assist you with your investment decisions.
We have this on our books at about £1.6 million but I think you will soon discover this one Investment will be valued at many times of our current Market-Capt.
RKB
https://twitter.com/priminvestments/status/1534180444857585665
SPAC
A SPAC is a Special Purpose Acquisition Company.
Primorus Investments Plc are investing about £350,000 in Alteration Earth a SPAC (see RNS 21/10/21)
https://www.lse.co.uk/rns/PRIM/investment-in-alteration-earth-plc-o2ycnw12ju0n13u.html
Our investment is in two parts:
2,500,000 @ 4p (seed shares)
2,500,000 @ 10p (subscription shares)
Primorus Investments Plc are also being issued with 1.8 million warrants at nominal 0.01p.
The warrants would only cost us £1,800 but at the 10p subscription share price of 10p they would technically be worth £180,000.
If you were to research the SPAC Boanerges, which listed on Aquis in May 2021 @ 20p the Company had a NAV of £500,000 but a Mkt Capt of £14.2 million (see link) https://boanergesltd.com/boanerges-limited-net-asset-statement/
If you have done your research, you will be aware that Boanergeres has acquired WeShop and Primorus Investments Plc now have shares in Boanergeres.
There are very good investment reasons for utilizing the SPAC listing facility and hopefully we will have Alteration Earth listed within the next 3 weeks.
RKB
PS Good afternoon Testing321, patience is something we both have had in PRIM over the years and a few more weeks will hopefully pass quickly, and we will see our share-price reflect the £14 million + of assets that can be evidenced from our website. I believe the problem with small market-capt companies is that very few do proper research, and it is LTH like ourselves who will benefit (eventually)
Another extension to July. Bit of a running joke now, might as well say January 2023, then anything sooner is a surprise.
Due date for listing today
Alteration Earth due to list on Monday, let's see. Need some positive news here
I fill shelfs in a supermarket and catch the bus to work and lost loads on AIM companies but this company will make money because of the great people behind it..They like to win but they care and I think we will all make money with PRIM.. Please do your own research because I have had a bottle of wine.:)
Was there any mention of price per share
or number of shares issued
then we could put a value on the 1.4 mil shares prim has
https://www.afr.com/technology/early-stage-canva-investor-backs-fresho-in-14m-funding-round-20220520-p5an2x
Fresho, an online platform that lets restaurants order produce directly from suppliers, has raised $14 million, locking in capital to fuel its international expansion before an anticipated drop-off in Australian technology start-up investment.
The round attracted new and existing investors such as Melbourne venture capital firm Capital Zed, Andrew Sypkes (who was an early-stage investor in Canva, Aconex and Redbubble), Second Quarter Ventures and Salta Capital, the venture arm of Melbourne’s Tarascio family.
The software is used by more than 38,000 food service venues across Australia, New Zealand, the United Kingdom and the United States, including high-profile restaurants such as Gimlet, Quay, Donovans, Coda and Rockpool.
A bit of info for anyone interested in our most exciting investment.
https://blog.fresho.com/move-your-ordering-online
Todays RNS. There’s a reason for everything. Whether you believe it or not….. that’s up to….
Another deadline passed. No update. Poor comms
Supposed to be listing today
Weshop seems to be coming alive.....
https://instagram.com/stories/weshopsocial/2827046751812196081?utm_source=ig_story_item_share&igshid=MDJmNzVkMjY=
That's correct loan notes are from original investment plus interest. Skittish was indicating the first tranche may have been sold resulting in cash.
I think the conversions are being drawn from the original investment so there is no cash involved
Or maybe I'm confused
Yes indeed.
The conversions so far are
6-4-22 - 2,069,063 for £204,810 = 9.89p (agreed price)
26-4-22 - 2,088,582 for £206,742 = 9.89p
On 6-4-22 the BMN price was between 11.5p and 13.1p so had they sold that day they would have made a tidy profit. Did they sell? I'm not aware but volume on 6-4-22 was quite high by recent standards. Would be more difficult to make a quick turn today, price currently 9.8p - 10.0p, but I would guess the decision depends on whether they "need" the cash.
RKB calculated (I'm sure correctly) that on 31-3-22 we had around £500K cash, so if none of the BMN shares have been cashed in then that would now be down to around £100K. If they do another conversion then I guess that would mean they had cashed in some of the earlier shares. Given that we are interested in alternative energy sources then that would suggest it would make sense to retain the shares, at least for a period.
I wonder if ALTE will get off the ground this time around?
Fingers crossed.
Prim has converted a further £206,742 from loan notes into Ordinary shares in BMN this morning.
Kernowboy1.
No you aren't missing anything at all. Just a lack of buyers and the last CEO & crew selling out following the push by current team. Once people start to notice Prim and how undervalued it is you will see a decent uplift in the SP as there aren't many shares to be had a lot are in safe hands ( including mine just under 3%). We aren't sexy enough for most these days but a safe bet at present for future value. Just need more interest at the moment.
In my portfolio I have a spread of shares but this alone is the one that I am most excited about. Yet today there has not been a single trade, so I ask myself the following question: "Am I missing something"? I ask myself this question most days, yet always get the same answer, "I don't think so". to this end it leads me to believe that for once, it is the market at large that has missed the opportunity PRIM presents? So I will ask it here, " Am i missing something with Prim that makes sense of the current valuation?
Net assets roughly £10m Vs market cap of £5m. That’s before profits are booked from Bushveld and Rambler. ALTE will list next few weeks and that will only add to our £10m of net assets. We also have £1m invested in CPH 2 which is worth considerably more . Re rate to 10p is fully justified ahead of ALTH listing.
Maybe is 376% return but even at that the mkt cap would only be £20m. We have net assets of £10n already . We should be 10p already
Have a good weekend
Justdandy. “ I’m looking for 20p plus by year end.”
That’s a 376% increase on the current SP. I’ll have that ! I hope your right!
A £21k buy from yesterday just printed, on top of the three £10k trades. Someone is positive!