Gunsynd Share Discussion Threads

[knicol46] 14/3/2019 11:15

deal done? last traded +24%!

[knicol46] 14/3/2019 11:01

SP +22% - something brewing, 0.03p coming up

[knicol46] 14/3/2019 10:35

tick up no quote to buy still, interesting movement

[whattheduce] 14/3/2019 09:28

I am the one-person campaign that will save the nation's sorry ass!

[knicol46] 14/3/2019 09:13

no quote to buy @ offer, 0.03p coming up

[scotty666] 14/3/2019 07:00

Are you craving attention?

[whattheduce] 13/3/2019 22:03

4 votes off, those MPs who have confirmed the totalitarian regime have started a civil war. The war is to restore our freedom, democracy and independence. Our MPs are not our lords and masters, they are our servants obliged to do as we say. I had hoped those extra few would be strong enough and intelligent enough to see what is really at stake here, our basic democracy that people have died fighting for. It is now lost, a civil war is begun. The MPs only have themselves to blame for the consequences of their actions.

[whattheduce] 13/3/2019 16:28

They are probably remunerated in promises of shares latter, or options. It is the expense account you really need to keep an eye on with AIM shysters.

[scotty666] 13/3/2019 14:54

I’m pretty sure the directors, advisors, auditors etc are not “working”; for free in any listed company.

[whattheduce] 13/3/2019 14:24

I'm expecting Oyster to be packaged and sold on for a modest gain. I hope GUN didn't want the money form UKOG just to simply stay afloat. They don't have any outgoings.

[scotty666] 13/3/2019 14:10

I think they would have needed the cash as likely to have burnt through what was sat on the balance sheet back in July.

They definitely need to see 1 of the IPO’s come to fruition before the end of this year.

Oyster I hope they will flip the asset or give it away for a small free carry. Let’s see.

It’s not dead yet and at 1M market cap just needs something to go right to see a significant re-rate.

Hamish reputation is shot after the Polemos debacle but hopefully he cares enough to want this to succeed for all shareholders, himself included as a major holder, not just a cash cow to milk until its dry.

[whattheduce] 13/3/2019 12:16

UKOG is receiving revenue from oil and intends to finance further, if required, through bank loans. I think that is the bit that is missing form a lot of opinions, some 154 tankers of oil so far and the next phase was already funded for HH and IOW. Anyway, I await to see what GUN will be doing with the cash.

[argy4] 13/3/2019 09:04

Or hopefully a better investment short to medium term for those funds?

[whattheduce] 13/3/2019 07:09

whilst the company is valued on production only at the moment (and it is nothing more than a well test), the value will be low. When the concept of production from multiple sites is demonstrated more and more, then the value will reflect the asset value. It will take longer then wished for, but future valuations in the 20p is likely in the long run. The oil is there, it can be extracted, the method has to be replicated by competent producers (i.e. not Angus). For GUN, they would have invested for the long term gain so to pull out now must indicate an urgent need for cash.

[whattheduce] 12/3/2019 19:30

Slightly ironic post rossannan looking at UKOG today and then wait for tomorrow!!!

[euclid5] 12/3/2019 09:13

Results are not late due to pending news on Oyster, they simply mention info on outlook section.

Thanks for clarifying the 1/3 position, assuming they may then do a RTO of that subsidiary & list in on AIM as Oyster will need a JV farm in partner to fund the exploration drilling in Madagascar.

[whattheduce] 12/3/2019 09:04

UKOG are flowing oil consistently and will be upping production. Weald oil issue is almost exclusively related to Angus; screwed up the drilling of Broadford Bridge well which UKOG inherited and found to be a right mess, screwed up the Lidsey wells such that production is way below expectation, screwed up Brockham such that they blindly perforated the length of the horizontal and ended up bring water to the surface and have to go back and isolate. Horse Hill was the only thing they had a connection with that had any success but that is because they were partners rather than leaders in a consortium. When other Weald production sites come on line that have been drilled and completed properly then the value of the likes of UKOG will be based on future asset value rather than actual oil production value to date.

As for GUN, there was no known pressure to release funds so raising funds by dumping a long term investment can only mean they have an immediate need - either due to cash-flow problems or a deal in progress that requires additional finance. If they had evaluated UKOG and decided to pull out they would have waited for the inevitable spikes rises in share price when rig activity happens on site in the next few weeks.

[seagullsslimjim] 12/3/2019 07:36

euclid - its that high due to the repayment to creditors (Gun is one of 2) by way of transferring the full companies share capital to them in lieu of that debt

With Gun selling out of UKOG then some suggest that those proceeds will go to buy the other creditors stake and so we then own 100% of Oyster

Maybe thats why the results are slightly later than last years - ie a tied in announcement re Oyster

[euclid5] 11/3/2019 19:13

Hi Scotty, why do you think Gun's own a third of Oyster's assets - holding is 5.3% + 2.3m shares - how do you come to them owning 1/3?

"They now own 1/3rd of the assets previously developed by Oyster"