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Think this is more that a sniff of a listing. Putting some dots together Rupert has stated that Primorus would only invest in companies either nearing an Ipo (or similar) or shares where they are already traded or something along these lines. They invested a lot more in May 2022 in Fresho after I believe he said that. Word is that hints are coming from some individuals at Fresho that an ipo is coming which would hopefully give a very decent profit to Primorus. So draw the dots, not that hard.
With the SP undervalued. A large owner holding and a lot of shares in now sticky hands weak sellers getting fewer any small buying demand like over the last few days causes a decent uplift. A decent demand for shares will cause the re-rate to happen, a Fresho takeover or Ipo well thats what we all would like. Then onto the next one.
A massive sign of confidence here with Rupert adding to his substantial holding I also added a bit. Once any weak holder is out if the way the Sp will be at a more realistic level. Sub 3p is ridiculously cheap. Between 3-4 is still cheap. We do need some news on a few things to get a more realistic valuation though.
Not much selling this morning only very small investors. Company is now funded to explore further best to hold for the decent gains. May take around 5yrs to get to become a producer, or could be taken over before then a lot of profit and placings along the way if this is going to be big.
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.
I added 250'000 share to my holding this afternoon and will add some more soon. I'm here for the long hall. Will we see EEE become a producer ? Possibly. Will we be a likely takeover target for a producer who want to become a multi mine producer ? Likely. Will shareholders make money ? Yes definitely from this silly level.
I will be buying along the way. Small chunks at a time.
Yes always nice to see additional director connected purchases. I'm sure she wouldn't have invested an additional nearly 20k at 4.15p if she didn't see a decent profit to be gained but thdn she does have people around her to gain info off. Mind you doesn't take much to see that Primorus is heading much higher.
RE Tue, 29th Mar 2022 07:00
RNS RNS Primorus Investments PLC
A pretty good outcome I would say, getting Bushveld shares at .098p. I am also a holder of Bushveld and strongly believe the current sp of Bushveld to be under valued at .12 (current range ) recently been over .14p. Another liquid investment to get Primorus to be valued closer to net asset valuation rather than the undervalued situation we are at. Just hope we don't get tangled up in murky investments again.
It's just been announced that the Garnet claim against Bushveld has lost so Mustang can now proceed. So whether our investment into this now proceeds or the CLN with Bushveld I don't know. Time will tell. Should create some buying activity
One thing I would say is don't sell your Prim shares they will be worth a lot more in the future.
Rise is due to UJO's news re Wressel. Egdon for some reason hasn't Rns'd the good news.
Good to see Prim investing in a placing in Rambler Metals which is a liquid investment. This is a company I am following myself and hold an investment in. Placing at .2650 it wasn't that long ago the sp was above .40p but a placing was a strong possibility so the sp started to struggle and was around .31p before news of the placing broke. A nice profit will be obtained from this investment. And no mystery either.
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.
Once we get deals that will bring in millions then the SP will reflect that. Can't be far off now, perhaps even wks. I'm in accumulation mode and will be holding for either the deals to come to the table or a bid from a large player. Either way not long to wait.
Nice to see that Oberon Investments have carried out research into Truspine and keep on recommending them to the wealthy clients they have, shame the current sp doesn't reflect the potential, I hold some and may add some more in due course.
Prim's sp should be starting with at least a 5 rather than it's current price but as soon as Mustang gets sorted the path to a bright future will become clearer.
PrimForAll
Well said, needed saying, unfortunately some of these keyboard warriors need putting in their place and your post just does that.
Obviously you can only update via an RNS. But to say Scott 240 was quoting incorrect info will steady some nerves if anyone was worried. Let's hope this gets sorted soon for the benefit of all shareholders. Good Luck.
Thankyou RKBeekeeper & Primforall for your replies it is appreciated. All the more reasons to hold Primorus shares and add when you can, which I have been doing. Just below the 3% thresehold at the moment. Just awaiting the Mustang situation to make things more interesting moving forward. We are well undervalued at the moment but that will hopefully change in due course. Good luck all.
RkBeekeeper.
Thank you for your detailed sharing of thought/knowledge of Primorus it is certainly appreciated by myself.
Can I ask how you arrived at your valuation of Zuuse ? As they aren't traded at the moment, unless I am wrong. Also if not do you or Primforall have an idea when the value could be realized If Prim wanted to ie plans ? An update re Mustang hopefully will come soon as expecting excellent rewards with that investment. Please of course.