Gunsynd Share Discussion Threads

[seagullsslimjim] 31/5/2019 10:58

Still plenty left in the tank price wise - current market cap a piddly £1.5m and yet the Osyter asset could dwarf that on its own valuation wise

"Marvelous scenes"!

[noirua] 30/5/2019 13:50

Outlook: Whilst conditions have been far from perfect, it is pleasing that we managed to sell our Horse Hill Developments stake and finally made progress on the Oyster situation where we have strengthened our position. We are particularly pleased with progress at Human Brands and excited by its future potential.
UVEL

[scotty666] 30/5/2019 11:43

High risk, High reward. Even if it doubles in share price the MC is still only a tiny 2.5M, we have that in assets and cash now even before any Oyster Asset or HB IPO news.
You take your chances and been many a false dawn until now, remember to take a few of the table if it spikes (just in case).

[seagullsslimjim] 30/5/2019 10:15

nice little tick up and is this the start of a more sustained rise with higher highs and higher lows on each retrace?

[euclid5] 29/5/2019 21:35

"Northbay and Gunsynd are currently in discussions with a third party to raise money for the Subco to progress further work on the Madagascar licence"

Think they will need to produce a CPR for the assets here too, co presentations & oil figures were based on co figs & not a CPR

will be interesting to see how much 3rd party co raises & wi they take - & if Gun has to raise also.

Be interesting to see of some of the large s/holders in MOGP will back into this, being light oil and no long term heavy oil system testing required on Oysters oil assets.

[whattheduce] 29/5/2019 08:43

Oyster GM will say nothing more than all resolutions passed. It is the announcement pursuant the GM two weeks latter which will determine the extent of the rise (if any). I'm holding out for a good solid return on a spike of interest. Such a low valuation creates excellent leverage on even a minor speculator rush. Timing will be everything and very careful to avoid sending my order for negotiation with the broker. I will want to see the actual price before pressing the big red button.

[seagullsslimjim] 28/5/2019 17:46

nice nibble this afternoon and just over a week to the Oyster general meeting.

Could see some further preemptive buying at these levels and with market cap still just circa £1.2m !!

[whattheduce] 22/5/2019 16:27

UKOG plan is 16 tankers a day from HH, latest count. OK this is your upper limit.
3520 bopd. $20 net per barrel, 40 weeks production a year for 10 years, $197,120,000 or £155,669,606. That is one well site. Duplicate a couple of times across the PEDL. Now duplicate for a couple of other PEDLs and before you know where you are you have an asset value for the company approaching the £bill. A few ifs in there but it is very doable. And that does not include blind pi speculation! Also, once the local authorities start getting their cut of the £ in their coffers, expect a great deal of expansion in well sites, blha, blaa, blahh you get the drift.

[whattheduce] 22/5/2019 10:44

scotty, oil in place numbers for the Weald are into the hundreds of billions of barrels. Proof that whatever portion of that can be extracted even at just $20 net profit, that a major would take over the operation and you have the recipe for a runaway share price as seen in 2017. In 2017 there were high expectations of duplicating HH at a second site, and the owners of Total bought in heavy. For many that went from 2p to 8p and many a mortgage was paid off. The ducks are slowly lining up for a repeat performance but it does require a string of 'ifs' to work out. There will be many, yourself included no doubt, sitting on the sidelines aghast at the multi-billion pound valuation. Real or not that is when I cash in and take a very early retirement #:)

Trouble with carpet bagging is you have to spread thin and wide. I have thrown the rule book out in the last few years and gone heavy all in. It does mean locking in for long periods and there is the proverbial risk of loosing the lot in one go but the returns can be massive. It helps that I just don't care if it fails, it has become a game and I have wealth form alternative streams anyway.

[scotty666] 22/5/2019 09:26

That is funny, 20p for UKOG even with the current shares in issue (which will continue to increase) will be over 1 Billion MC.
Good Luck

[whattheduce] 22/5/2019 09:15

Note that my tactic is not to hold shares for divs, I go for wild swings in price and look to cash in. If the share price of UKOG, GUN or any of the others multiplies on the back of blind speculators chasing the tail of a dragon, I will do my best to take advantage and cash in. To that end, whatever is in the ground in the Weald, and whether it will ever be extracted, is somewhat irrelevant. Nothing personal, just business. It is why I hold a few in GUN. I expect a brief but worthwhile spike. Prediction for GUN, 0.032-0.035. For UKOG, 16.7-22 (I hear your laughter but I'm looking for a speculator bubble remember and the belief systems can be tipped on this one thanks to real oil flows which if repeated at other sites......... there is history with this one).

[whattheduce] 21/5/2019 16:29

Ignore the rampers. Focus exclusively on the RNS statements and independent reports. Some claimed no oil was there. Wrong. Then it could not be got at. Wrong. Then it couldn't be made to flow. Wrong. Then you have to frack for it. Wrong. Then the reservoirs would deplete overnight. Wrong. I'm in this game, just need oodles of patience, ASOS MKII perhaps.

[whattheduce] 21/5/2019 15:24

There is a lot of oil onshore. A good chunk in the Weald. The majors have the resources to bring multiple fields to production in a relatively short timescale. They bring economy of scale and can withstand fluctuating oil prices better. The Weald is close to the refinery so there are real pipeline prospects vastly reducing tanker overheads. It is sweet crude used in industry, not just for fuel. Given the billions of barrel known to be there, once you have your foot in the door in multiple sites, the prospect of further development is much easier. There are plenty of reasons a major for a major to come in and get substantially involved if not straight buy-out. North sea is winding down. Next prospect is on shore and the likes of UKOG are learning all the tricks and holding onto the licenses. The asset value is potentially very big. I'll settle with 3 or 4 times return on the rather large stake in there, within a couple of years. GUN may wish they had held on long term but they have strategies elsewhere.