Gunsynd Share Discussion Threads

[firw00d] 18/10/2017 17:56

Cheers Knowing,

On 19 March 2015, the Company announced that it had made the following further investments:

- A 2% interest (being 20 shares) in Horse Hill Developments Ltd ("HHDL"), the 65% owners and operators of onshore exploration licences PEDL 137 and PEDL 246 (known as "Horse Hill"). The additional 2% interest was acquired for a consideration of £425,000

ffs

[knowing] 18/10/2017 17:12

So RGM just sold 3.1% in HHDL for £630K. GUNs 2% therefore has a notional value of £400K

[firw00d] 18/10/2017 16:02

RNS,

Planning Permission Granted for Further Flow Testing and Drilling

Horse Hill Oil Discovery, Weald Basin, UK

The Company is pleased to announce that it has been informed by Horse Hill Developments Ltd ("HHDL"), the operator of Horse Hill licences PEDL137 and PEDL246, containing the Horse Hill-1 ("HH-1") oil discovery, that on 18 October 2017 Surrey County Council's Planning and Regulatory Committee granted planning permission to enable HHDL to carry out extended flow tests at HH-1, plus drill and test both a sidetrack from the existing HH-1 well and new borehole HH-2.

[knowing] 18/10/2017 15:56

Welcome. Certainly due a re rating sooner rather than later. Maybe if the returns keep up we could see a return to investors through a dividend.

[scotty666] 18/10/2017 15:21

Thanks Knowing,good news indeed. Will be an interesting quarter with this and various IPO's brewing.

[knowing] 18/10/2017 15:09

Well they have given the go ahead

[firw00d] 18/10/2017 10:31

So an RNS due this aft maybe, Hopefully with some additional info.

What value do you put on our 1.3% equivalent of the licence ?

[scotty666] 17/10/2017 16:04

firwOOd - Ahead of the SCC meeting tomorrow see the link below to the meeting agenda and attachments (Item 9) for Horsehill extended flow testing. Planning recommendation is to permit the application so a good start at least.

[firw00d] 16/10/2017 17:20

30% up on UOG in less than a month..... Another superb investment....

[ravin146] 16/10/2017 09:15

Another great result over at ZEN this morning. I reckon GUN will be disappointed, yes they took profit but could have been a lot higher if they had held for a while as management changed.Gla hope it works out here

[scotty666] 16/10/2017 09:11

SCC meeting is on Wednesday 18th to discuss the HH application so you never know they might finally get approval for the long term testing.

[scotty666] 16/10/2017 09:05

Knowing, maybe sellers as there was some liquidity after results, until news on Oyster where we now have well over >1M invested we will probably trade sideways at best.

[knowing] 13/10/2017 13:13

The only explanation which I have for these sells is a large sell order was placed some weeks ago and has not yet completed.

[scotty666] 13/10/2017 09:44

After reading again in some detail am good with the results and NAV per share (listed only or otherwise). Clearly Oyster listing will be a significant catalyst for upside as it is our largest investment + expected fees + discounted warrants will be in the money if it does ok.

As far as the AGM resolutions I am voting against resolution 4 & 5. I do understand every company needs to have the option to issue shares (its the point of public listing right) but the authority is too high after the amount placed this year & discount to NAV too high.

[scotty666] 12/10/2017 20:57

Appears they will expand the model outside of natural resources also:

”Accordingly, going forward and in line with our investment policy, we will also look at sectors other than natural resources where we are able to invest in a manner that provides not only potential for very high risk-adjusted rewards but also affords Gunsynd the opportunity to help the investee company maximise its return to shareholders.”

[seagullsslimjim] 12/10/2017 16:49

Agree scotty - prudent balance between salary and options

[scotty666] 12/10/2017 16:21

Directors only paid 26k shown in the accounts !!! I think that justifies the options being reduced and more realistic at 0.5p.

[gantenbrink] 12/10/2017 16:10

Very pleased with those results.

Quite a turnaround and an exciting future ahead.

[seagullsslimjim] 12/10/2017 16:02

Most wont see these results until after the market closes and so tomorrow bodes well.

£3.2 m in assets and yet a market of circa £1.6m

That gap should narrow and then the NAV will increase more with the imminent Oyster Listing.

Patience repaid to current holders and newbies still have time to get on board

[scotty666] 12/10/2017 15:52

Under the radar Knowing, releasing results at the start of the day tomorrow would probably have got more attention but whatever, at the end of the day results speak for themselves. No update on oyster IPO but it has to be pretty soon, perhaps November lets see.

[knowing] 12/10/2017 15:39

Ridiculous this is still valued at £1.4M

[scotty666] 12/10/2017 15:30

Impressive results to say the least, hats off to Hamish he has turned this around. Generating huge gains in profit and asset value v market cap.

[knowing] 12/10/2017 15:22

£492K Profit

The Company made a profit for the year of £492,000 (2016: loss of £564,000) after taxation. This profit originated from realised gains on disposals of its listed investments of £408,000 along with market value revaluation gains of £417,000 (2016: losses £54,000). The Company had net assets of £3,266,000 (2016: £1,307,000) including cash balances of £372,000 (2016: £358,000) at 31 July 2017

Outlook

Whilst unfortunately not yet reflected in the share price Gunsynd is in a far better shape than it was this time last year. This, however, is merely the start. We intend to be very active in the next twelve months.

The Board would like to take this opportunity to thank our shareholders for their continued support and I look forward to reporting further progress over the next period and beyond