Primorus Investments Live Discussion

Stonefold 22 Aug 2018

Horse Hill profit estimate This is only a very basic estimate of the profit that could be made by only considering a possible change in value of the Horse Hill project. To simplify things I only include those companies with a “direct” investment in Horse Hill - the co-venturers. I am ignoring Gunsynd, Primorus and the many other companies that hold a “secondary” investment in Horse Hill via holding ordinary shares in the co-venturers. Investment companies may at any time trade in ordinary shares and (provided that they don’t cross certain thresholds) may do so without reporting it. So it is difficult to know how many, if any, ordinary shares they still hold.

Ripley94 21 Aug 2018

Horse Hill profit estimate Why no mention of Primorus ?

Stonefold 20 Aug 2018

Horse Hill profit estimate Update to reflect changed direct ownership of Horse Hill, number of shares in issue, share prices. The figures for shares issued for SOLO, ALBA and UKOG includes shares expected to be issued soon - for an open offer, directors pay and increased stake in a mine, purchase of PRIM and GUN’s stake in HH. £ $ 1.3123 £ Aus$ 1.77154 Ticker == Shares issued == Current share price pence DOR == 50,420,109 == 8.611 SOLO == 646,214,976 == 2.230 ALBA == 3,034,329,219 == 0.540 UKOG == 5,306,954,812 == 1.960 TELL == 240,520,000 == 579.000 Ticker == % of Horse Hill that each company owns DOR == 6.5 SOLO == 9.75 ALBA == 11.765 UKOG == 36.985 TELL == 35.0 100% of Horse Hill is now valued at £42,307,692.00. Ticker == Current value of Horse Hill that each company owns £. DOR == 2,749,999.98 SOLO == 4,124,999.97 ALBA == 4,977,499.96 UKOG == 15,647,499.89 TELL == 14,807,692.20 For each company the mcap. is made up in part by the current HH value and by the other value of projects/assets that company holds. Ticker == mcap £ == Other value £. DOR == 4,341,675.59 == 1,591,675.61 SOLO == 14,410,593.96 == 10,285,593.99 ALBA == 16,385,377.78 == 11,407,877.82 UKOG == 104,016,314.32 == 88,368,814.43 TELL == 1,392,610,800.00 == 1,377,803,107.80 If you now buy £100 worth of shares in each of the five HH companies, For the sake of this calculation the other value remains unchanged. Following a successful EWT, confirmation of commerciality and recoverable reserves, and Near to the start of production the new value of HH by my estimate would be £100 million. This would give an increase figure for the value of the HH part of the £100 invested. From which a profit figure can be produced. Ticker == Profit £ DOR == 86.37 SOLO == 39.03 ALBA == 41.42 UKOG == 20.51 TELL == 1.45 .

Stonefold 24 Jul 2018

Horse Hill profit estimate Ripley94, Yes based on the market caps and number of shares in issue, those would be the profits - But only if Horse Hill increases just by the amount I estimate and only if the other assets that the companies own do not change in value at all. As neither of those assumptions are likely to occur in real life - then it is safe to ignore those estimated profits. But for that valuation model the maths is correct. But what is correct (provided I don’t copy and paste the wrong figures) is that for all of the seven companies the Horse Hill project is only a small percentage of their investment. Please copy it into a spread sheet and check it.

Ripley94 24 Jul 2018

Horse Hill profit estimate I find it a very complicated way of making your point . Is it the case you think DOR will increase 93% aprox. Solo 57 % Alba 48% prim 48% Gun 40% And ukog 20%

Stonefold 24 Jul 2018

Horse Hill profit estimate [re-posted to correct wrong figures: ] (section 4 -other values £) (section 7 -new mcap. £) (section 7 -new share price pence) Estimated profit example for investing £100 in each of the seven Horse Hill companies. HH = Horse Hill = PEDL 137 and PEDL 246 This calculation uses figures and assumptions which may be incorrect. It ignores: Share price spread. Brokers costs Exchange rate cost Tax Any ordinary shares that these companies hold in each other. Inter-company loans. Debts and liabilities for Horse Hill or other projects the companies are involved in. Fund raising that may occur. The total number of shares in issue may change due to options, warrants or placings. Some or all of the HHDL partners may sell early for a lower price. The other projects/assets of the companies may change in value. 100% of an assets value is not reflected in the share price. That TELL’s costs to the operator HHDL are carried by all the other partners in HHDL until production starts. Once production starts then TELL’s carry cost debt is gradually repaid to all the HHDL partners from TELL’s share of the production revenue. Also the new valuation figure for Horse Hill I have plucked out of thin air, is based on assumptions: That the EWT will be successful. That the field moves quickly into production. That the estimated recoverable reserves are as I expect. That the £ $ exchange rate and price of oil does not change. £ $ 1.3123 £ Aus$ 1.77154 Oil $71.03 bbl. Ticker == Shares issued == Current share price pence DOR == 50,420,109 == 9.596 SOLO == 471,953,594 == 2.495 ALBA == 2,848,614,934 == 0.595 PRIM == 2,796,619,343 == 0.167 GUN == 4,882,924,490 == 0.045 UKOG == 5,207,240,526 == 2.17 TELL == 240,520,000 == 594.376 Ticker == % of Horse Hill that each company owns DOR == 6.5 SOLO == 9.75 ALBA == 11.765 PRIM == 3.25 GUN == 1.3 UKOG == 32.435 TELL == 35.0 100% of Horse Hill was last valued at £30,769,230 when SOLO bought 5% of HHDL for £1 million. Ticker == Last value of Horse Hill that each company owns £. DOR == 1,999,999.95 SOLO == 2,999,999.93 ALBA == 3,619,999.91 PRIM == 999,999,98 GUN == 399,999.99 UKOG == 9,979,999.75 TELL == 10,769,230.50 For each company the mcap. is made up in part by the last HH value and by the other value of projects/assets that company holds. Ticker == mcap £ == Other value £. DOR == 4,838,313 == 2,838,313.71 SOLO == 11,775,251 == 8,775,251.23 ALBA == 16,949,258 == 13,329,258.95 PRIM == 4,670,354 == 3,670,354.33 GUN == 2,197,316 == 1,797,316.03 UKOG == 112,997,119 == 103,017,119.66 TELL == 1,429,593,155 == 1,418,823,924.70 If you now buy £100 worth of shares in each of the seven HH companies, that £100 would consist of: Ticker == last HH value £ == Other value £ DOR == 41.34 == 58.66 SOLO == 25.48 == 74.52 ALBA == 21.36 == 78.64 PRIM == 21.41 == 78.59 GUN == 18.20 == 81.80 UKOG == 8.83 == 91.17 TELL == 0.75 == 99.25 For the sake of this calculation the other value remains unchanged. Following a successful EWT, confirmation of commerciality and recoverable reserves, and Near to the start of production the new value of HH by my estimate would be £100 million. This would give an increase figure for the value of the HH part of the £100 invested. From which a profit figure can be produced. Ticker == new HH value £ == Other value £ == New Total £ == Profit £ DOR == 134.34 == 58.66 == 193.01 == 93.01 SOLO == 82.80 == 74.52 == 157.32 == 57.32 ALBA == 69.41 == 78.64 == 148.06 == 48.06 PRIM == 69.59 == 78.59 == 148.18 == 48.18 GUN == 59.16 == 81.80 == 140.96 == 40.96 UKOG == 28.70 == 91.17 == 119.87 == 19.87 TELL == 2.45 == 99.25 == 101.69 == 1.69 This gives the implied new mcap. and new share price Ticker == mcap. £ == New Share Price pence DOR == 9,338,313.71 == 18.521 SOLO == 18,525,251.23 == 3.925 ALBA == 25,094,258.95 == 0.881 PRIM == 6,920,354.33 == 0.247 GUN == 3,097,316.03 == 0.063 UKOG == 135,452,119.66 == 2.601 TELL == 1,453,823,924.70 == 604.450 Only for entertainment - DYOR

Stonefold 24 Jul 2018

Horse Hill profit estimate Ripley94, Remember that this calculation is awash with assumptions, but if it were accurate then the best place to put £100 would be DOR as it would give £93.01 profit. next SOLO would give £57.01 profit. then ALBA £48.06 PRIM £48.18 GUN £40.96 UKOG £19.87 TELL would only give £1.69 profit as a direct response to my estimated change in value for Horse Hill. Of course the other assets that these companies own are likely to have a greater effect on the change in their share prices. Also DOR and TELL are on non-UK exchanges so there would be exchange rate and possibly higher broker charges. The hope is not to ramp, but to provide figures for people to paste into their own spread sheets, to assist with their comparisons and understanding of possible outcomes.

Ripley94 24 Jul 2018

Horse Hill profit estimate I’m in four of them are you ramping them up ? TELL the best … GUN the worse up 69% is that what your suggesting ?

Stonefold 24 Jul 2018

Horse Hill profit estimate Estimated profit example for investing £100 in each of the seven Horse Hill companies. HH = Horse Hill = PEDL 137 and PEDL 246 This calculation uses figures and assumptions which may be incorrect. It ignores: Share price spread. Brokers costs Exchange rate cost Tax Any ordinary shares that these companies hold in each other. Inter-company loans. Debts and liabilities for Horse Hill or other projects the companies are involved in. Fund raising that may occur. The total number of shares in issue may change due to options, warrants or placings. Some or all of the HHDL partners may sell early for a lower price. The other projects/assets of the companies may change in value. 100% of an assets value is not reflected in the share price. That TELL’s costs to the operator HHDL are carried by all the other partners in HHDL until production starts. Once production starts then TELL’s carry cost debt is gradually repaid to all the HHDL partners from TELL’s share of the production revenue. Also the new valuation figure for Horse Hill I have plucked out of thin air, is based on assumptions: That the EWT will be successful. That the field moves quickly into production. That the estimated recoverable reserves are as I expect. That the £ $ exchange rate and price of oil does not change. £ $ 1.3123 £ Aus$ 1.77154 Oil $71.03 bbl Ticker == Shares issued == Current share price pence DOR == 50,420,109 == 9.596 SOLO == 471,953,594 == 2.495 ALBA == 2,848,614,934 == 0.595 PRIM == 2,796,619,343 == 0.167 GUN == 4,882,924,490 == 0.045 UKOG == 5,207,240,526 == 2.17 TELL == 240,520,000 == 594.376 Ticker == % of Horse Hill that each company owns DOR == 6.5 SOLO == 9.75 ALBA == 11.765 PRIM == 3.25 GUN == 1.3 UKOG == 32.435 TELL == 35.0 100% of Horse Hill was last valued at £30,769,230 when SOLO bought 5% of HHDL for £1 million. Ticker == Last value of Horse Hill that each company owns £. DOR == 1,999,999.95 SOLO == 2,999,999.93 ALBA == 3,619,999.91 PRIM == 999,999,98 GUN == 399,999.99 UKOG == 9,979,999.75 TELL == 10,769,230.50 For each company the mcap. is made up in part by the last HH value and by the other value of projects/assets that company holds. Ticker == mcap £ == Other value £. DOR == 4,838,313 == 2,991,590 SOLO == 11,775,251 == 8,326,894 ALBA == 16,949,258 == 11,192,797 PRIM == 4,670,354 == 4,033,914 GUN == 2,197,316 == 1,553,169 UKOG == 112,997,119 == 114,993,772 TELL == 1,429,593,155 == 1,436,150,985 If you now buy £100 worth of shares in each of the seven HH companies, that £100 would consist of: Ticker == last HH value £ == Other value £ DOR == 41.34 == 58.66 SOLO == 25.48 == 74.52 ALBA == 21.36 == 78.64 PRIM == 21.41 == 78.59 GUN == 18.20 == 81.80 UKOG == 8.83 == 91.17 TELL == 0.75 == 99.25 For the sake of this calculation the other value remains unchanged. Following a successful EWT, confirmation of commerciality and recoverable reserves, and Near to the start of production the new value of HH by my estimate would be £100 million. This would give an increase figure for the value of the HH part of the £100 invested. From which a profit figure can be produced. Ticker == new HH value £ == Other value £ == New Total £ == Profit £ DOR == 134.34 == 58.66 == 193.01 == 93.01 SOLO == 82.80 == 74.52 == 157.32 == 57.32 ALBA == 69.41 == 78.64 == 148.06 == 48.06 PRIM == 69.59 == 78.59 == 148.18 == 48.18 GUN == 59.16 == 81.80 == 140.96 == 40.96 UKOG == 28.70 == 91.17 == 119.87 == 19.87 TELL == 2.45 == 99.25 == 101.69 == 1.69 This gives the implied new mcap. and new share price Ticker == mcap. £ == New Share Price pence DOR == 9,491,590 == 18.825 SOLO == 18,076,894 == 3.83 ALBA == 22,957,797 == 0.806 PRIM == 7,283,914 == 0.26 GUN == 2,853,169 == 0.058 UKOG == 147,428,772 == 2.831 TELL == 1,471,150,985 == 611.654 Only for entertainment - DYOR

Ripley94 05 May 2018

Not Primoris Names so similar .Primoris bottom price paid for Wiibros @ $ 0.60

ybhere 02 May 2018

ALBA RNS Alba RNS out today in which PRIM has 3.6% of the so enlarged issued capital in Alba.YB

walrog 16 Apr 2018

Positive Quarterly update and Director buying shares.WR

Ripley94 03 Apr 2018

Re: Placing 25th Feb 2016 Been looking at topping up had target for 0.13p .. busy messing with ISA ( W )Thought i was buying PREM @ 14p .Instead offer was for prim @ 0.14 .. Mistake but in past they have worked for me.

Ripley94 27 Mar 2018

Re: £650,000 available Id always thought Stellar Resources had directors with particular experience in natural resourcesDid directors change when they changed name again to Primorus ?

Ripley94 27 Mar 2018

Re: £650,000 available Thank you ybhere i just saw a link to the London Evening standard about Engage on prim bb over at lse Now i see connection if i knew how id copy on here, looks good.