PRM prominence energy limited

Have been holding PRM for 2 years and will have to hold a fair...

  1. 187 Posts.
    Have been holding PRM for 2 years and will have to hold a fair while longer in my opinion as the meetings between Thiess and Agrium have come to a stalemate.
    They cannot agree on Capital Cost price for this project.
    All the project economics are positive including cheap gas supply and rising urea price. The big problems are the high construction costs and also the very high infastructure user fees that the WA Govt are imposing on all projects on the Burrup. This project is full of upside at the current price but it is poised delicately at the moment. My info is that if we don't get a positive outcome from the next round of talks between Agrium and Thiess then the whole project will be abandoned. For large shareholders like myself, we are all stuck as there is never any BUY volume so we can exit. So we hope and pray that there is no ulterior motive by Agrium to exclude PRM from the project and then do a deal later with a more credible company eg. Wesfarmers.
 
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(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $3.112M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
21 24738099 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 19254091 11
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Last trade - 09.59am 17/09/2025 (20 minute delay) ?
PRM (ASX) Chart
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