Member Info for Testing321

It's a fair point ian12 but the question is then why does it take such drastic action for them to even consider reducing their disproportionate salaries? Most of the GGP sale profit will be used to pay salaries for a 2/3 years

Thanks for the info Barnyards

Hi Dana, welcome. I've been here for a number of years. If the new BoD can grow the company and SP like was done at Infrastrata then I'm all on board. Look forward to future comms on how this will be managed and achieved.

Valid point but unprofessional response from AC

Nice 17.25k buy for 3.45

That's great to see thanks for sharing Richemondo, I have personally written our WeShop investment off, so any progress on that is welcome!

Agreed yes quite surprised no RNS on Truspine

Thanks RKB - direct link to video: https://www.brrmedia.co.uk/broadcasts-embed/5f33e1beb14d872626436cd1/event/?previewEventId=5f33e1beb14d872626436cd1&popup=true

Drilling begins at multiple targets within the Scallywag prospect
https://www.lse.co.uk/rns/GGP/greatland-commences-drilling-at-scallywag-prospect-7rifbn2546m4dhp.html

Welcome Bouchos. This is an earlier post from a user called lunsam that I've just copied here for you. I thought it was a good summary (personally I'd put WeShop's value at zero) but can easily justify double mcap
"
Hi all, not posted on here before but been a holder for a fair few months now. Thought I'd share some of my research into why I am invested. Any thoughts welcome, may not be perfect but used stems from info in recent RNS.

Engage - £1.5m invested (they added 50k at the end of last year), last valuation - £1.7m - as of the last update revenue was up 60% year on year so I see big upside in this valuation of at least 25%-50%.

Fresho - c. 42m shares outstanding, PRIM own 3.4%. £240k invested at $0.3AUD. Their last investment was in Q1 2019 at $0.475 per share when $350m p.a of orders, the latest update we had in Q1 2020 was 2m$ a day (c. 700m a year). This would make a reasonable valuation of Fresho now maybe $1 a share, of 3x their original stake of £240k. Lets go with £750k.

GGP - We can all work out their current holding (at 15p) is £4m.

WeShop - latest valuation (ye/2019) when there was a proposal to listed priced the equity at £5.98 a share, so value £900k for PRIM

Truspine - £500k investment, looks like IPO will be done soon.

Zuuse - a tad more complicated, 57k shares, latest value of $1AUD, but 1m of options at $0.5AUD. Given Zuuse last fundraise at $1, these should be firmly in the money and I would expect PRIM to exercise purchase of them at some point. There is a lot of upside here as its likely they could make 100% return just on exercising these options. Current shareholding £30k, potential to own c. £500k at £250k cost.

Nomad and SOA (two energy investments) - hard to put a value, but invested a total of £350k. We all know with exploration O & G its likely 0 or 10x. Value at cost - £350k

StreamV and Sport80 - again hard to put a valuation without an update. £250k invested.

Cash - £1m

Summing these gives a valuation of £9.35m, versus the mid price valuation of £4.5m. This is without any upside for Engage, Zuuse, Truspine, the Energy investments and the TV investments.
"

RNS out - application for mining lease at Havieron:
https://www.lse.co.uk/rns/GGP/application-for-mining-lease-at-havieron-2a5bsewhsu3xrt6.html

Great find thank you sameralhabash

Quarterly update is well overdue. Think waiting for news from Truspine?

Thanks oilgasgold. Lunsam - thanks for your good summary. Good to see it all together. I would personally write off the WeShop investment. The RNSs were always about potential, never hard numbers on the platform so I suspect it didn't gain much traction. Even looking at the website homepage it so poorly designed for a social site (it doesn't even tell you what the site is about) - I haven't had much hope for it for a long time and oilgasgold's post just adds weight to that view. Happy to be proven wrong! Nevertheless still significant upside in Prim overall based on all of the other investments and look forward to more updates from Engage, Fresho, Truspine, GGP, Zuuse

Paulj996 I have already confirmed that Messi did post that information, I saw it. The post was subsequently removed. I can't validate Messi's claims but we all need to be wary of posters like you that come with a very clear agenda, wild claims (especially about MM conspiracies) and ad hominem attacks.

Messi I can't comment on your share certificate issue but your comment about not receiving any emails from the site is misinformed, you signed up on a development site (that probably shouldn't be visible to the public but that's another discussion), so it makes sense that no email updates are being sent from there. It's not a live site.

Messi did post the details, I saw the post, but it was subsequently removed. Potentially because it had personal information in it

Highlights
· Footprint of mineralisation expands at Havieron with Newcrest reporting the intersection of a new zone of higher-grade breccia mineralisation in the north west.
· Further excellent results from infill drilling continue to demonstrate geological and mineralisation continuity over the upper 600m vertical extent of the high-grade crescent sulphide zone and surrounding breccia.
· Drill results to date continue to support the investigation of both high-grade selective and bulk mining methods

Best New Results (not previously reported)
· HAD021W1: 169m @ 1.3g/t Au, 0.21% Cu from 582m, including 40m @ 2.1g/t Au, 0.31% Cu from 612m
· HAD046W1: 134.6m @ 2.5g/t Au, 0.07% Cu from 923m, including 27.3m @ 10g/t Au, 0.13% Cu from 944.7m
· HAD054W4: 182.1m @ 2.1g/t Au, 0.40% Cu from 871m, including 45.7m @ 6.5g/t Au, 0.70% Cu from 934.8m
· HAD057W2: 68m @ 1.1g/t Au, 0.13% Cu from 1052m, including 11.5m @ 4.1g/t Au, 0.58% Cu from 1072.4m
· HAD057W3: 118m @ 1.5g/t Au, 0.08% Cu from 944m
· HAD066: 128.7m @ 1.0g/t Au, 0.13% Cu from 734.1m

Potentially waiting for GGP/Newcrest update on the 23rd then release the quarterly

Definitely not worthless but difficult for market to value, need to wait for Truspine, Engage IPO or sale to get a true reflection