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Exactly. Dividends at £20m.
Which is a circa 4-5x return on the current prices. Plus a 10% buyback. However I dont foresee this happening this year unless there is movement on some of the investments. Ggp going to 20p, Engage value update, RTO of WeShop, etc. All of those will potentially trigger a buyback matched by a boost in sp.
Why are you posting here then?
PRIM's main assets have been sold for profit - taking legacy Stellar Resources assets and selling them on (HHDL, Welsh Gold), they have also proven their worth with investment into GGP and top slicing out the initial investment and some more.
GGP holding supports the underlying value of the company and the other assets would be showing significant value had COVID/Brexit created a challenging IPO environment. Engage will be huge when the job market comes and they've already proven the technology works with some major contracts - this is the play that will encourage investors to stick around. Dividends, buybacks etc. Till then you'll have to sit tight.
I mean share buybacks are literally in the plan.
The intended proposal was the buy shares and leave them in the treasury ready for when some of the bigger plays Engage/weshop kick off and then they can sell the shares back at a premium. Raising capital in the process.
Has everyone completely forgotten what was written in the RNS a few weeks back. They can only raise up to £300k - this was put in place to limit the constant placings. We have bought equipment, we having planning approval - Loxley was for something new and SCC will be in trouble for it - it's almost a lose lose for them now. UKOG will be paid damages.
The only big issue, like many are saying is that SS is on a huge salary in a company with essentially no money - if he takes his salary as shares or buys in the open market then this share price will rocket as it shows confidence.
Exactly, as far as I'm aware HH was meant to have 6 wells are planned. They have been approved at there is currently only 2. We've bought the equipment to do the next 4. Re-drill BB - move onto Loxley and get the IOW done. The future is bright but we need the board to support the shareholders!
Looks like everything is looking positive here!
It's in an interview with the CEO and (I think) share prophets. She said the LOI has essentially been granted but is now undergoing the due process in Pakistan. The government have verbally agreed that they want the plant and the LOI is that agreement in writing. The problem is the forms need to have all the Is dotted and Ts crossed before the government issues the LOI. It should be coming in soon and the Pakistan government will push it along if it is delayed further (as per the interview) however there is a COVID-19 crisis and obviously things are taking longer than anticipated.
Don't get me wrong, the tech is good. it's just too expensive at the moment. Invinity have a great product that cost reductions can come thick and fast however the problem is that with the AIM cloud of mystery - the company can't say what they are doing without releasing an RNS stating such. Bit of a shame really!
Great to see a huge rise here, what's the reason though? Highview have just got government funding for their tech. I do not understand the sentiment and the history is that quick rises without any news have only 1 outcome. I hope for all holding here that I'm wrong.
fjones - I've been invested for 4 years. Substantial decrease to my initial holding. Would love to invest more as the oil is definitely there.
My issue is the next 12 months is going to be more of the same. Why would you invest knowing this is potential for a placing...it's like walking outside without an umbrella knowing full well it's going to rain. The only reason I'm holding onto my other shares is because there is almost no value left and it's a reminder to do proper research. If the company actually release the Oil in place report and categorically say they will not raise funds for 12 months and flow rates are above expectation then GREAT! I'll put a lot of money in here as will everyone else.
Huge spread here that isn't really encouraging anyone to invest!
Definitely not priced in yet. The base was 0.65, we've ticked up to 0.8. News of the announcement boosted the share price to almost 2p...I think it was just at 1.7p for a moment - I bought at 0.86 so was waiting for the 100%.
I would expect at least 1p+ on the news.