private placements., page-4

Hi Neil " a company with a MC of $100m and 50m shares beats a company with a MC of a $250m with 500m shares hands down." ...

i think in Prymes case it will actually be more like a case of a market cap of $27 million now with 77 million shares issued(0.35 c) vs a market cap of $200million with 130 m issued ($1.53 ) within less than a year .... (that includes exercise of current options)

if thats the case i can swallow a minor dilution which allows the next phase of drilling to kickstart and will see production ramp up exponentially.

The next 9 months has a full program, if anyone hasn't seen on the website the september investor presentation with timeline of drilling and production it is a very impressive roll out for a small cap. page 5.

This private placement is also very impressive... just do a google search on the two directors who have come from Felix Resources... you will see they sold out of Felix for $188 million in March this year.. having taken it from nothing to over a $1 billion market cap.


Ian McCauley. Age 64
BE
Ian McCauley was the Non-Executive Chairman from 8 October 2003 to his resignation on 21
March 2007.
Mr. McCauley is a mining engineer and Chairman of Resource Management & Mining Pty Ltd (a
significant shareholder in the Company up until 21 March 2007). Ian was a Non-Executive Director
of QNI Limited up until 1998 and a former Chairman of the Australian Coal Association. As
Chairman during the 2006/07 year Ian held directorships in a number of private companies.

John Rawlins. Age 65
BSc, MAIMM, MAICD
John Rawlins was a Non-Executive Director up until his resignation on 21 March 2007.
Mr. Rawlins is a geologist and professional mine manager. During his role as a Director Mr Rawlins
was also a Director and significant shareholder of Resource Management and Mining Pty Ltd (a
significant shareholder in the Company up until 21 March 2007).

I suspect they will not just sit back and be passive on- lookers at Pryme... This is really a very positive sign.

whilst the market may have fallen asleep on Pryme and short term traders jumped ship in the past few months Pryme management are going about the business in a very impressive manner... and judging by the volume creeping back in the last few days someone is taking notice...

and i've said it on a previous post here, why anyone would be looking to sell between here and 70 cents is beyond me. Value will be reflected in coming months... cheers to long term holders. Cu