Gunsynd Share Discussion Threads

[seagullsslimjim] 05/6/2019 08:14

researchanalyst1
4 Jun '19 - 23:02 - 1787 of 1792

The nineteenth-century American poet, James Whitcomb Riley, once opined that, if it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.

Now, don your investments caps and follow me.

On March 04, 2019, Oyster Oil and Gas’ Interim CEO, Martin Bajic, released the following announcement:

OYSTER TO DISPOSE OF OIL, GAS ASSETS IN DEBT SETTLEMENT

Oyster Oil and Gas Ltd. has reached an agreement, dated effective Feb. 21, 2019, with two arm’s-length creditors to the company, Northbay Capital Partners Corp. and Gunsynd PLC, pursuant to which the creditors have agreed to settle outstanding debts owing in connection with certain convertible debentures issued by the company in exchange for all of the outstanding share capital of the company’s wholly owned operating subsidiary, Oyster Oil & Gas Ltd. (Subco).

The outstanding indebtedness owing to the creditors currently totals approximately $1,426,500, including a principal of $1,232,215 and accrued interest. The company is currently in default of its payment obligations owing in connection with the indebtedness. Pursuant to the terms of the settlement, and in exchange for transferring all of the outstanding share capital of Subco to the creditors, the outstanding amount of the indebtedness will be forgiven.

Subco is a wholly owned subsidiary of the company, established under the laws of the British Virgin Islands. The company’s production-sharing contracts in Madagascar and Djibouti are held through Subco. Following completion of the settlement, the creditors will have control of these contracts and will assume responsibility for all of the outstanding obligations of Subco.

In light of current market conditions for development-stage oil and gas projects and a lack of available capital, management of the company is of the view that the settlement provides the best opportunity to address the outstanding indebtedness. Completion of the settlement will also position the company to explore new opportunities outside of the oil and gas sector.

The settlement represents a disposition of substantially all of the assets of the company and, as a result, is subject to the approval of the shareholders of the company. The company intends to seek such approval at a meeting of shareholders to be held in the near term. The company will provide additional details regarding timing of this meeting as soon as they become available.

Trading in the company’s common shares has been halted and is expected to remain halted pending completion of the settlement. Following completion of the settlement, the company will no longer have any operating assets and will cease to meet the continued listing requirements of the exchange.

.................................................................

Now, for those unaware, Oyster is an upstream oil and gas company with a focus on Eastern Africa. Specifically, the company holds production-sharing contracts with the governments of Djibouti and Madagascar and covers four blocks comprising of 3.5 million acres (onshore and offshore) in Djibouti and a 100% working interest in an onshore block located in northwest Madagascar and covering approximately 2.8 million acres. With a gross NCF of $22 billion and a NPV of circa $10 billion (oil price of $50), both assets have the potential to make new world-class discoveries.

Now, on May 10 2019, Oyster Oil and Gas Ltd released the following announcement:

An Annual General and Special Meeting is to be held on June 7, 2019. In line with this meeting, voting will take place to determine the following resolutions…..

• Item 5 – Settlement Transaction to approve the transfer of all of the share capital of the Company’s wholly-owned subsidiary, Oyster Oil & Gas Limited, to Northbay CapitalPartners Corp. and Gunsynd PLC, in settlement of certain indebtedness.

• Item 6 – Name Change to approve the change of the Company’s name to ZTR Acquisition Corp.

• Item 7 – To approve a consolidation of the Company’s common share capital on a basis to be determined by the Directors, and not to exceed a ratio of twenty-for-one.

Voting Instruction Forms submitted must be received by 10:00 a.m., Pacific Daylight Time, on June 5, 2019.

Now, what do you think is the gross value of a 1% stake in UOG, 19.8% stake in Sunshine Minerals, 4% stake in Human Brands International Inc., 5% stake in Brazil Tungsten Holdings, and a stake in excess of 50% in Oyster Oil and Gas?

Well, if I were to tell you that the gross book value of those assets equate to circa £14.5m you’d probably charge me with irrational exuberance having unduly boosted the company’s investment case.

Alternatively, if I told you that at 0.0020p, 5X today’s closing price, the company is valued at a paltry £9.7m you might, quite rightly, sit up and listen.

Better still, when I tell you that, should Executive Director Donald Strang get his way and prove-up the Djibouti and Madagascar blocks within the next 6 months, Gunsynd will likely sport a valuation in excess of £75m, you might bark the unsavoury but apt remark, “What the ….!”

And so you should.

The stark realisation of the fast-approaching inflection point (the June 07 2019 transfer of Oyster Oil and Gas’ spectacular assets to Gunsynd) has not only brought to the market’s attention a company that had, until this point, largely flown under the radar of even the most avid follower of the small-cap sector, but is also a strong indication of what is to come. Thus, the potential upside currently being sported by Gunsynd is substantial.

[seagullsslimjim] 05/6/2019 08:12

Well its finally appearing on a wider radar and at this price then Gun is still value at just over £2m - crazy !!

With the Oyster asset vote this Friday, then next week could be even more potent

0.1p anyone and a tiddly £4.8m market cap and not forgetting £500k odd in cash and the other assets inc. the Human Brands IPO that is planned for later this summer.

[gantenbrink] 05/6/2019 08:06

Looking promising now. Been holding for ages so need another 50% to see profit but certainly feeling more optimistic and hopefully positive news is close.

[seagullsslimjim] 05/6/2019 07:41

From the above extract...

"Thus, the potential upside currently being sported by Gunsynd is substantial."

Maybe we'll skip the 0.04s and see the 0.05s today ?

Two days till the Oyster vote to get on board!!!

[whattheduce] 05/6/2019 07:16

whattheduce - 17 May 2019 - 14:15:59 - 1663 of 1789 GUN Smoking hot and ready for the off - GUN
90%jump from 0.029 to 0.300 in one go might be a tad hopeful. But this is AIM and you never say never. I think UJO has the best probability of doing a 90% jump in the next few days. But I'm not in that one.


Maybe get your hopes up, there is a whiff of 'Yes, yes, YES!!!' about this one now.

[scotty666] 04/6/2019 20:18

Anyone remember reading about GreenOK inc. owned by Human Brands? First time I have seen UK/West Europe mentioned also.


“Human Brands International, Inc. (“HBI” or the “Company”;) is a diversified holding company in the premium spirit, wine and beer sector with a primary focus on distribution, brand development and strategic acquisitions in North America, Asia and the U.K./Western Europe.

In addition, HBI owns GreenOK, Inc., an innovative crowdfunding incubator that provides capital and management services, and a go-public exit strategy to its portfolio company clients.”

[barnetpeter] 04/6/2019 19:53

Had to sell some today at 40...it was just 18 a week ago. Had to derisk. No problem selling so looks like higher beckons. Funny thing mkts. One minute you are looking at a loss of thousands then suddenly blue appears...out of the blue.

[h2owater] 04/6/2019 19:21

Check the video of world class assets:Oyster boss opens up about 'world-class' potential of its Djibouti and Madagascar assetsShare 16:25 04 Dec 2017Oyster Oil & Gas Ltd (CVE:OY) president and chief executive Michael Wood updates investors at the World Oil & Gas Week in London.He talks to Proactive's Andrew Scott about the "huge potential" of its two assets in Djibouti and Madagascar."Both assets have the potential to make new world-class discoveries."Wood adds: "Arguably why I started Oyster was to get back into that block in Madagascar [where] we saw huge potential with map structures that are measuring potentially into tens of billions of barrelshttps://www.proactiveinvestors.co.uk/companies/stocktube/8479/oyster-boss-opens-up-about-world-class-potential-of-its-djibouti-and-madagascar-assets-8479.htm

[seagullsslimjim] 04/6/2019 18:42

h20 - many thanks for that reminder re Human Brands

Things are hotting up there too and should see a good Return on Investment for GUN

[h2owater] 04/6/2019 18:20

https://www.humanbrandsinc.com/

[h2owater] 04/6/2019 17:46

Shinju HighlightsFirst container landed November 2018. Soft launch into MD/DC and Florida. 100 new accounts (75 in MD/DC, 25 in Florida) in first 90 days Launched into NY on April 1st Launched into Las Vegas April 15th Launched into Thailand in December 2018 2019 planned distribution will take brand to NJ, PA, NC, WV, VA, TX, AZ, CA, Mexico, Hong Kong, Canada and United Kingdom. Flagship Bloomingdales location (5th Avenue, NYC) added brand to menu Q1 2019 Featured at New York City Fashion Week Q1 2019 Costco launch Q2/Q3 2019 Total Wine in Q2/Q3 2019https://www.shinjuspirits.com/

[h2owater] 04/6/2019 17:39

Don't forget Human Brands: Costco USAHuman Brands' first container of Shinju arrived in the US in November 2018. Human Brands planned a soft launch into two of its key markets, Washington DC/Maryland and Fort Lauderdale, Florida. In just those two markets, with minimal sales and marketing support, Human Brands sold approximately 300 cases of Shinju. A US distributor, Oak Beverage, will launch Shinju into the New York market starting on1 April 2019. Oak Beverage has roughly 10,000 accounts throughout the State and plans to make Shinju its premier whisky brand in its portfolio. Shinju has been added to the menu at Bloomingdales' flagship location on 5(th) Avenue in New York City. The brand was also featured at New York City Fashion Week 2019. Fedway, New Jersey's second largest distributor, has committed to take on Shinju distribution.Two major retailers have also committed to buying Shinju for 2019; Costco, one of the largest alcohol sellers in the US, and Total Wine, plan to start selling Shinju.In the last half of 2018 Human Brands also focused on building its Mazeray division. Mazeray is Human Brands' division which sells Miolo, a premier Brazilian wine. Human Brands officially acquired Mazeray in March 2018 but did not take full operational control until July 2018. Since then, Human Brands has significantly grown the business. Mazeray was selling into a number of States in the US prior to the acquisition, but since then Human Brands has expanded the brand's distribution into several new States, including Maryland, Nevada, California, Texas, Arizona, Wisconsin and Tennessee.Human Brands has also spent the past six months working to get ready for the 2019 launch of its flagship Tequila brand, Copa Imperial.Human Brands is making good progress towards preparing for a proposed listing on the Standard Segment of the Main Market of the London Stock Exchange during 2019 Audits for 3 years prior to 2018 have now been completed and work has begun on the prospectus

[knowing] 04/6/2019 16:52

Jim if you are looking for another with similar potential to GUN then EUZ is valued at only 530K

[seagullsslimjim] 04/6/2019 16:43

Nice late flurry of buys and at 0.04p then they'll see a good return from here on in.

[knowing] 04/6/2019 16:26

Jim I am hoping it goes much higher and that is the reason why I have left half to ride.

[seagullsslimjim] 04/6/2019 16:24

Knowing - A profit is a profit, although i think the 0.04s will be explored again tomorrow and as the market cap sits at circa £2m

£3m market cap and that would be 0.06p

[knowing] 04/6/2019 16:19

Well I will admit to taking half out having waited to double my investment. Will let the remainder ride with a stop

[scotty666] 04/6/2019 16:06

Copied from the dark side in case anyone wants a reminder what licenses Oyster have and potential that lie within;

[seagullsslimjim] 04/6/2019 15:42

0.04 - 0.041p as I type ! :-)

[whattheduce] 04/6/2019 15:42

Crikey DM!