Member Info for Mkx007

I was thinking this following the RNS saying the board wouldn't be fully replaced...so interesting to see how this changes.

Hilarious post. 2 years ago the share was being milked and milked and milked.
Now its in recovery mode, but the break even price is a LONG way away. My breakeven price is under £3...

I might get out if it gets above £1

Because the client based, and brand are here. It's like and ex CEO of Tesco buying a corner shop chain to try and compete.

I have previously held Starvest shares to have increased exposure to GGP without directly investing - I also really like their ORCP position which will rocket the company once that comes off.

PRIM's pre-IPO mixed with Starvest's share dealing would be a fabulous mix and something I did mention to Dana when I spoke with him last week. Interesting times surely ahead.

There are two sides to this story - I personally think the BoD salaries should be removed to something in line with share performance. Shares are down still from my initial investment but that is only due to the inability to accurately value the pre-IPO holdings.
I think AC should take a pay cut but would like to see any BoD take a significant cut so not in half like is currently proposed. but even further. 50k is plenty for a PRIM board. I'm very happy to award performance related bonuses as well. If the mcap hits £25m then AC can take a huge bonus. totally fine with that becauses he's achieved his goal.

Whilst I agree with the sentiment, I'm not a fan of the hostile takeover style to implement a strategy that is essentially the same. If your time is going to be spent trading shares and positions then set up your own fund, get a NAV similar to what happens over at SVE and trade away - but I wouldn't personally be investing in it.

I am here only for Engage and WeShop, once those investments get converted I don't think there will be much more residual value in the pre-IPO portfolio. so 1 or 2 years max. Covid goes away, Engage have a great position to pitch and market their platform as businesses will be successful - should this phase go to plan.

I do enjoy your strange rambling Ray! Keep up the good work bud and I'm sure you'll beat the PC

So from the other board...these shares are actually worth 15p each?? So essentially if you buy at market rather than through the rights issue you're doubling your holding. Seems bizarre!

Not sure I agree with the line "If you pay shares the cash is still in the pot and although there are more shares there is more cash per share and therefore greater NAV per share and higher share price per share."

As fundamentally if you have more shares, there is less cash per share - both routes result in loss of value either via dilution or directly through cash loss.

I am however, completely on board with changing up the board and switching to a more performance based structure. Share price moves from current levels to +6p then eligible for bonus in shares. 8p the year after etc,
Keeps the rate of return for shareholders up and builds an investible company.

As mentioned below. The current market cap is supported by the GGP position, selling part of this investment to recoup the initially investment plus profits is a great move. It is also the 2nd time AC has made a profit on a trade. Selling part of HHDL for UKOG/ALBA/SOLO shares, which were all sold before the respective share prices dropped.
The salaries are potentially overinflated - but then again the value of investments is not recognised - should the mcap reflect a £25m valuation and in tern dividends paid. I have no doubt, no one would be questioning this. So again it's impatience.

I personally don't like the idea that the company will be taken private and I'm sure the board would agree, I would like to hear what the "new" board have to say in regards to shareholder value/future returns. Selling the GGP position before 2023 is a mistake in my view. Or at any point in the short term should the gold price continue to rise.

Such a stupid post.

The current value of the company is supported by GGP. which means the remaining assets have next to no value.

This of course is absolutely wrong. The assets have tremendous value just aren't as liquid. If you wanted to buy and have liquid assets then you should have gone to Starvest (SVE). Who are currently trading at half their NAV.

So essentially PRIM is outperforming them as well on solely liquid assets.

AC and the board have my full support albeit through a modest shareholding

Really? I dont think the company is at fault for having over £9m in assets, and only a mcap for circa £5m.

How does anyone on the BB propose solving this? The only way I see is to use some of the profits buying back shares. Which personally I would prefer to see invested in other liquid assets.

The only way this would make sense is that the current salaries and dropped down from 320k to 180k or 60k each.

Personally I'm not a fan of the hostility.

AC has done a great job and all the positions are set up nicely for a long term growth trajectory.

GGP should be held until it is really recognised. High price of gold and assets still being developed! GGP, as AC knows very well, will be massive.

The current board would only seek to dump the assets and pay themselves big bonuses for doing nothing essentially killing the company in my opinion. Not a fan of this.

This is the kinda of connection that makes me a bit sceptical. Someone appears on a board a few days after a TR-1 of a sell and then goes quite the day before at TR-1 buy.

If you're that connected to the market, why are you posting on the BB if not to run some agenda? Increasing traffic to the share of your choice resulting in a share price rise...very suspect.

I did, it is very obvious there is an agenda here from their initial post. Made an error investing in the wrong horse - this has a lot potential as many can see from my posting history - I've been here a while.

I don't want to see a pump and dump orchestrated on a share that has been so long in the making!

Wonder if there is going to be any comments from Dana - or as I eluded to, they've got in for a trade took the share price up and now don't have the patience for the eventual rise that will follow. It is a shame really.

It's in the Final report - 2018 = £320k, 2019 = £323k, so my expectation would be 2020 = £326-£330k

Essentially covered by the GGP sale.

It has only been 5 days.

I mean, most shareholders knew this already...we have been watching the price bounce up and then trickle down and repeat for at least 2 years (my investment time), patience is very much needed but the value is definitely there!

I have very little doubt that the 250k you reference is a buy as that makes sense.
The 300k is definitely a sell.
Make of that what you will.