Gunsynd Share Discussion Threads

[whattheduce] 11/6/2019 08:45

The AGM vote was outside the jurisdiction of London, the placing was outside the jurisdiction of Vancouver. The placing was based on a sharp movement up in share price To announce the placing ahead of the AGM would have possibly damaged the AGM vote. It was therefore knowingly delayed until after the vote. Whilst it is blatant manipulation, the only possible regulation issue would be if a major holder in the USA got burned and launched an anti-trust suite against GUN. There isn't such an investor with the clout to do so and the sums involved are so small it wouldn't be worth it. It was clever, clever by GUN to take advantage of the events in different jurisdictions and the time difference to a lesser extent, but the damage they have done reputation wise is immense and may wreck the long term prospects of some of their investments. Certainly small PIs will now be extremely cautious in future and it is very unlikely they will see significant stake holders investing;

Unless...

unless in a very short period of time, today or tomorrow, a very significant and detailed RNS outlining exactly what the strategy is from the placing and how it does indeed result in a benefit for shareholders. I will predict an RNS today at the very least even just full of bland marketing, it is impossible to stay silent after such a shafting to shareholders. But the only way back will be a detailed RNS about Oyster, Madagascar and a full breakdown of the shopping list the placing was for. Anything less and there will be EGMs and the present board will be kicked out in disgrace and carry a heavy weight around with them wherever the appear in other AIM companies IF they are ever taken on board again.

[barnetpeter] 11/6/2019 08:37

You can buy at 31 this morning. Some tank from the highs of Friday

[phil1969] 11/6/2019 08:25

Placees are not underwater. The new stock went to MMs who were selling stock into the spike. Normal AIM activity to raise funds. I sold into spike at an average of 0.065 but like a fool bought back in at 0.48 thinking this would be the level of the raise. Disappointed they bailed MMs out at such a low level. They could have held them to ransom for more but they're all in it together. Bought 50m yesterday at an average of 0.035News will push GUN past 0.1 in the near term.

[whattheduce] 10/6/2019 18:37

"Whilst our investment in Oyster has not been without difficulties, we are now in a much stronger position in terms of equity than we were previously. We have always maintained our belief in the quality of the Madagascar licence and are now in a much stronger position to pursue a course of action that would be advantageous to Gunsynd shareholders."

.... a course of action that would be advantageous for Gunsynd shareholders.


With hindsight this Hamish fella [Dell boy] is absolutely full of it!

[firw00d] 10/6/2019 17:53

Seems to me you got mugged yourself bud and your taking your mistakes out on others, Did someone take financial advise off an anonymous poster on a BB oops

[kevjow] 10/6/2019 17:38

You lot been shafted on here ! But lots of warnings given to you so you've made your own bed ! Now lay in it and stop crying like babies

[pwhite73] 10/6/2019 17:19

Truly appalling what this company has done today. They couldn't announce the placing earlier because they needed the Subco assets to lead investors into thinking it was a company changer.

[whattheduce] 10/6/2019 16:22

What will hte after market price be? Have the mms been upfront with what is in the system being processed. We will know shortly.

[barnetpeter] 10/6/2019 16:22

Closing very weak....0.31 / 0.33...low of the day

I think we may now see this fall back into the 20's.


Maybe 0.25 will be the low.


Some very sore PI's who paid over 0.7 on Friday morning have now lost over 50%. Will they sell or average down?


Sorry to see scotty go.

[whattheduce] 10/6/2019 15:50

Consequences of 'that' placing to be felt over many a moon to come. Our paths may cross again scotty, bon voyage.

[scotty666] 10/6/2019 15:31

"The recent movement in the share price has allowed us to raise money on a far less dilutive basis to shareholders" Well I am sure everyone will be really pleased with that - not even a clear view on what the cash will be spent on!

No detailed plan forthcoming on Madagascar licenses despite being in talks since March. A comment on exploration period coming to an end in July 19 (thanks to the person that shared that) - hope I missed something and this has been extended or it is just a formality?

So they had no time to plan ahead of the GM and put out a clear statement of intentions knowing the date well ahead of time, but easily slip a placing in within a couple of days of volume hitting the ticker.

Scaling out and wish you all the best, was the last chance from my perspective for Hamish to do something of value but clearly failed by slipping in a placing again.

I hope for those coming on board they pull something out of the hat, they at least have a decent pot of cash to put to work and assume Hamish is up for re-election this year so will need to do something - even if buy up a bunch of shares like Don last year.

Good Luck

[noirua] 10/6/2019 14:36

For the punters amongst us it's when to go back in again. A floor looks all the way back to 0.025p but I doubt it will quite fall that far. Problem is the fun is over and the new interest sits there cashless and some of that £500K set to head that way if it's not flipped. It worked out well last time but needs very careful watching.

[firw00d] 10/6/2019 14:28

Wow, all this negativity, tells me there is money to be made here, They never bash a bad stock !!!

[barnetpeter] 10/6/2019 13:55

Volatile day today. Not to worry; there is always tomorrow. This looks an exciting time for gun. It may well drift down a bit as the hot money gets out....buying below the placing price will be a great oppp imo. Another move up won’t be long. Meanwhile check out vela for a similar pre move crazy price

[phil1969] 10/6/2019 13:22

Shame they placed at .037 when they could have got 0.048. Damn greedy MMs let off the hook.

Ah well, took a position at 0.0371, brought down my average to 0.042.

Newsflow over the next few weeks will see GUN spike yet again and settle at a new support level. Its all about the news and GUN have publicity and momentum on their side.

[whattheduce] 10/6/2019 13:13

I suppose for the smash and grab brigade (guilty) the question is what is the chance of another placing within just a few days? I would say very remote. There were expectations for share price to be anything form .05 to .10 with the details of the Oyster deal, so when may they be published. I would reckon very much sooner than latter. So I am going to be bullish for a pickup into the afternoon but expecting to exit with less mark up. Those entering now at.037 will get easy profits even back to breakeven. The details of the Oyster deal I would expect cancel the placing effect, then I'll be off to another share, will reveal at the time.