Gunsynd Share Discussion Threads

[grannyboy] 22/6/2019 17:45

This is the first post I have responded to, to one of yours away from TXP...so I wouldn't class myself as a stalker...I just don't like what appears two sides to an argument that contradict each other, that you portray ...

[grannyboy] 22/6/2019 16:49

Hahaha....you wouldn't think after reading the posts on this thread from rossanna on the 'long term potential' in these, and their future funding needs...then rossannan having the gall to attempt to pull apart the drilling plans and fundraising needs at TXP....

You just have to look at companies like BPC to see how long it can take to get a farmout...YEARS, IF AT ALL...


You would have been better off putting your money into UJO....Or better still RBD..

[euclid5] 22/6/2019 14:35

Don't complain guys, holdg 22% wi in a potential $13B Npv based on $70Boe is quite good

Take of 20% to $56 Boe stil gives the asset a $10B npv.

Our 22% wi is worth approx $2.2B or £1.76B Npv

Equates to approx 27p Npv per share. On 6.35b shs in issue

Share price trading at a 10,000% discount to its NPV value.

So its not expensive considering the Npv value

[scotty666] 22/6/2019 13:06

Oyster interim results ;

On February 21, 2019, the Company entered into a Debt Settlement Agreement (the “AgreementR21;) with the convertible debenture holders to settle the outstanding convertible debentures (note 5) and accrued interest with 100% of the issued and outstanding common shares of Oyster BVI. Oyster BVI has the 100% working interest of exploration and evaluation stage oil and gas assets in both Djibouti and Madagascar (combined as the “Exploration and Evaluation Assets”) (note 5). Pursuant to the Agreement, ownership of the Exploration and Evaluation Assets will be transferred to the convertible debenture holders along with the common shares of Oyster BVI. The convertible debenture holders would also assume the accrued liabilities at Oyster BVI not to exceed $500,000 as part of the Agreement. The agreement is subject to the approval of shareholders and the TSX Exchange. The agreement will expire on June 30, 2019 if no such approval was received and the agreements were not fully executed.

4. Notes payable
On February 28, 2019, the Company issued notes payable to an arm’s length party in the amount of $50,000. The balance was unsecured, bearing 10% interest rate per annum and due February 28, 2020. During the three months ended March 31, 2019, the Company accrued interest of $314 (2018: $nil).


(7b) Related party balances
Included in accounts payables is $41,993 (2018 - $526,935) owing to members of the Company’s key management. These amounts are unsecured, non-interest bearing and have no fixed terms of repayment.

[scotty666] 22/6/2019 11:26

If you look at Oyster GM statement and last interim results it will be a little clearer I think. The loan was not a CLN but I think a keep the lights on unsecured loan back in Q1 (again from memory).

You can look at it as they gave up 7.5% to get the vote passed and reduce future liabilities by CAD 500k or whatever it was.

But I agree it could be clearer from Hamish, but we have learnt the hard way it is normally everything but !

[scotty666] 22/6/2019 09:58

Ross I understand Gun held 30% of the CLN with Northbay 70%.

There where a few small loans and accrued Director salary / fees outstanding.

Directors current and previous held quite a chunk of oyster shares.

The Oyster settlement narrative (from memory) prior to AGM said Gun&Northbay would exchange the CLN for Subco AND up to CAD 500k if liabilities.

So I assume to ensure the vote passed with support of major shareholders they also settled the other small creditors (directors) with shares in subco. This may also free them of the CAD 500k liabilities which was no longer mentioned post GM.

That’s my guess anyway.

[whattheduce] 21/6/2019 19:30

This is also the directors responding to the criticism in their inbox.

Now, the £500,000. What was it for? Must be ring fenced if a small £36,000 can't be siphoned off for Subco working capital!!!!!!!!!!!

It must be accounted for.

But for what exactly?

And the curious case of the spike in the night?

Timing, volume? All a bit contrived if you ask me. I am definitely of the opinion that was a mere dress rehearsal for a much bigger event.

I may see jelly babies yet............... millions of them .......

[whattheduce] 21/6/2019 18:31

You raise money with placings, you raise nothing buying on the open market. Listen to yourself you goon! FCA to investigate placing shares? The price and was always to be an aggregate of previous price,it is how they do it. If the director buys the placing higher than current market price, you think that warrants a suspension? You've got some pretty pure snort there!!! The only likely suspension will be to rerate 10 times the current share price

[barnetpeter] 21/6/2019 17:52

"I wouldn't be surprised if the authorities suspend share trading and investigate what is going on here".

Yes indeed ....I am sure the FCA will throw its entire resources into this tiny one man aim stock and demand action. The Woodford stocks with billions of cash will have to wait until GUN is looked at. It is valued about ten days worth of commission taken by Woodford but hey....the FBI and SAS need to storm the Gun building...if there is one

[whattheduce] 21/6/2019 16:50

Remember, the directors of AIM companies only ever buy shares in their own venture when they KNOW it is going to make a lot of money. They KNOW what is going on behind the scenes and I have never heard of an AIM director yet to throw their own money down a plug hole. They get us mugs to do that!

[reximill] 21/6/2019 16:50

Rosanan, something is very wrong here.
Yesterday's comments in the rns, the price instantly being so much below the recent placing and now directors buying a tiny amount 50% above the market price, when they could have just bought openly on the market.
My guess would be institutions are not happy with the fundraising. Could they be threatening to sue?
The chart looks dreadful.
I wouldn't be surprised if the authorities suspend share trading and investigate what is going on here.

[whattheduce] 21/6/2019 16:44

"Why not just buy in the open Market?"

Is this for real? Subco was to get some working capital. How, on any level you care to wish, would subco get the working capital if the directors bought shares on the open market? Where do derive 'working capital' from shares on the open market?

A little red tinge of embarrassment on you child cheeks rex? You have shown yourself to be an astonishingly stupid person.

[reximill] 21/6/2019 15:42

It looks like a tiny token buy because the placing was done much higher. Why not just buy in the open Market?
As the person below said, 18k is negligible compared to 500k at 60% higher and you can bet it'll get taken straight out one way or another.