Gunsynd Share Discussion Threads

[whattheduce] 11/6/2019 13:25

Is something placed on the wire?

RNS on the way 14:00?

[whattheduce] 11/6/2019 13:24

Here we go

[whattheduce] 11/6/2019 13:20

If it was turning to .02 it would have done so by now. Many pis locked in from about 0.05 so the interesting bit will be how many cut losses back to 0.05, how many panic out when they break even at 0.05 and how many rate 'the plan' when we see it and hold for up to 0.10 (and maybe even a 1p or two???)

[kevjow] 11/6/2019 12:55

This will be in the 2's tomorrow. That Eyeguy on Twitter tucked you all up like kippers

[seagullsslimjim] 11/6/2019 12:33

Has the wormed turned at 0.32p to buy

Flurry of buys over the last 10 mins

Market cap just under £1.9m !!!

Placing hurt but £500k more in the Co coffers !

[whattheduce] 11/6/2019 12:03

"no significant liabilities" ..... except for the numptie Hamish for the placing

[taximania] 11/6/2019 11:23

They have taken another 500k which is around 30 pc of the MC ...isn't that good if you are holding , company has increased its cash and now trading at below the placing price ...I don't own at the mo but I have done in the past so it looks tempting to be able to buy below the placing price as I would be buying into a company without any insolvency issues ...or do I have that wrong ?

[whattheduce] 11/6/2019 11:08

If this volume keeps up, the placing will be covered pretty quick and the share price move back above .045+. But what is really needed is a very quick RNS explain the placing in detail.

[whattheduce] 11/6/2019 10:59

He needs it back to 0.055+ as a minimum, that would be the pre AGM vote position and allow the yes vote to be factored in already, as a minimum.

[noirua] 11/6/2019 10:55

HH needs to see the share price back over 0.037p to satisfy those who stumped up. An announcement looks certain.

[noirua] 11/6/2019 10:35

Decided to buy 5m at 0.032p. Not quite sure why? Maybe close to the floor.

[whattheduce] 11/6/2019 09:20

Now the Oyster deal is nodded through the company is vulnerable for being so cheap. I can see a scenario where a small team buys out the company and kicks some of the present board members out, no EGM, confidence returns, share price escalates back on the previous trajectory to 0.1p and then the buy-out team sell on the asset for a huge mark-up. I note that the drop in share price is nothing to do with the portfolio at all, but everything to do with an unnecessary placing. Any comments on what a take over team would be willing to pay (on average) to gobble up 50.1% of the stock? A scenario that may well see a few million shares change hands at 1.0p, and I win my jelly beans. Unrealistic? Mcap £1.4mill, so you only need £700,001 for control, that's 4 investors @£175,000.25 each. Oh it is very doable. VERY DOABLE.

[tomboyb] 11/6/2019 09:06

0.0325p -

Punted a few -

[phil1969] 11/6/2019 09:01

At the current share price it doesn't take much to become a significant shareholder to get a CP together and call the EGM. Personally I don't think it will come to that. News is about to flow and it will put most shareholders back in the black.

[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!