Gunsynd Share Discussion Threads

[whattheduce] 20/12/2020 19:58

The basic IPO value may be priced in.

Anything up to 10x value (or more) due to the oversubscribed.... lth want to buy it and many think way underpriced.

So double could add another 10x1m, possible. Some are banking on it. Then add on some get rich clowns jumping in a tad too late and not being able to exit.

You must decide what you do and when you do it as nothing is certain. I have already scratched my chin!

[avc0nway] 20/12/2020 19:48

(I am sure astute posters will check my arithmetic below for themselves, and courteous posters will post corrections).

Four points:-

A) I see from Rincon’s IPO prospectus:-
hxxps://www.upcomingfloats.com.au/float/rincon-resources-ltd/
“This Prospectus is seeking to raise a minimum of $5,000,000 and a maximum of
$6,000,000 via the issue of Shares at an issue price of $0.20 per Share under the
Offer.”

B) I see that the offer closed on 24 November (fully subscribed ??)

C) I see from Gunysnd’s RNS Number : 1466J Gunsynd PLC
18 December 2020
“Further to our announcement on 9 December 2020, Rincon has today advised the Company that ASX approval has now been received for Rincon to list on the ASX commencing Monday 21 December 2020. Upon this listing, Rincon will have 51,336,754 shares in issue having raised A$6 million as part of its IPO. Gunsynd (LSE:GUN) will hold 8,461,943 shares in Rincon representing approximately 16.5%.”

D GUN has a present market capitalisation of close to £10m.

E At commencement of trading in Sydney tomorrow morning (10:00 am Sydney, 23:00h UK tonight) Rincon (ASX:RCR), at its IPO price of $0.20 (AUD) per share may have a market capitalisation of $10.26 million (circa £5.7m), giving Gunsynd’s (LSE:GUN) holding of 16.5 % a value of $1.64 million, or close to £1 million.


Three questions:-

1. Is GUN’s 16.5% holding in Rincon (circa £1m) not already priced-in to GUN’s £10m market cap?

2. Are there good reasons for thinking that the market will value RCR shares above their issue price of $0.20 (a market cap of $10.26 m)?

3. How much above?

avc

[festario] 20/12/2020 19:21

It's only one individual.He's called Dean Haigh, he has a previous conviction for stalking. He has at least 500 fake usernames on ADVFN alone.I just filter them instantly, let him waste his time.

[scotty666] 20/12/2020 19:19

I see the lowlife have arrived, shame.

[johncasey] 20/12/2020 18:34

another dual listed is THR /thor mining

[johncasey] 20/12/2020 18:32

you can make some good money with these dual listings and get in before MMs have time to raise the price on london market...i made a packet on EMH...went up 20% on ASX so i piled in at 8AM for an easy 20%

[johncasey] 20/12/2020 18:29

asx opens around 11pm ish

[johncasey] 20/12/2020 18:28

RCR ticker

[scotty666] 20/12/2020 18:21

Strongbuy the $230M is the value from the previous company that used the ticker !!!

[strongbuy] 20/12/2020 18:07

What time will it be here when the market open in Australia?

[whattheduce] 20/12/2020 17:40

mon 21 dec 4:39 am AEDT
few hours yet

[festario] 20/12/2020 17:35

What's the ticker on ASX please?

[whattheduce] 20/12/2020 17:32

Naaaaaaaaaaa 5.5p 8:30am

[strongbuy] 20/12/2020 17:30

Rincon pre ipo value at $231m or 87 cents per share so imho that’s our shares in Rincon valued significantly higher

So we could see 6p quick time 🚀🚀

Demand for Rincon is through the roof it could go ballistic and drag up Gun soon 😉🚀

[strongbuy] 20/12/2020 13:37

I think a conservative estimate of 4p short term and who knows long term 20p? 30p or more 🚀

[theaviator] 20/12/2020 12:50

Gun also at second extended. Dangerous area but wtfdik eh. 3.15 max I'd say. Let's see...

[theaviator] 20/12/2020 12:49

As you say it's a bet or a gamble. Investors don't gamble. GL

[whattheduce] 20/12/2020 12:25

Big surge in Rincon, Gun's stake increases Gun's market value, add in some speculation on where the top will be. I think scotty has somewhat underestimated this, there is a 'rinse and repeat' in the air on this. After the first 1/2 hour Monday, then the true market value will be set, I would expcxt a settle back to 2p as a new base, some of the irons in the fire are hot and there is much news to come. But what will be the exit during the morning peak? I am betting a fiver it will be in the 5.5p zone. But it might all go pear shaped, who knows, place your bets and turn the card. If you haven't got the stomach for it, stay away.

[theaviator] 20/12/2020 12:10

Here here ap. I had a look at Rincon and it could equally very well plunge to find a level. Not one I'll be "gambling" on.

[scotty666] 20/12/2020 10:49

I track the Mkt Cap v NAV which have diverged on sentiment since the Rincon IPO approached which is no surprise

GUN £10M mkt cap v £3.8M NAV (£0.8M Rincon + £3M others/cash)as things stand

So market right now has priced in x5 - x8 increase in Rincon on bases heavily oversubscribed/ Havieron potential

I can see Rincon doing x5 over the coming weeks so gap will close

[johncasey] 20/12/2020 10:19

RINCON will go ballistic tonight..15km south of greatland havieron site...any fool knows that as well as lenigas