Gunsynd Share Discussion Threads

[donaferentes] 28/3/2022 13:07

RNS re Media Tech Spac acquisition of Drylab.

[ragnarr] 23/3/2022 12:11

Well worth a read..Tin prices are at record highs. Here's why they could double again.https://stockhead.com.au/resources/tin-prices-are-at-record-highs-heres-why-they-could-double-again/..A new float is also coming to market with a planned listing in London called First Tin. Thompson is a director.It has projects in Germany and Australia, including the 57,000t Taronga project in New South Wales purchased for $34 million, mostly in shares, from ASX-listed Aus Tin Mining (ASX:ANW) last year."We've got an advanced tin asset in Australia and an advanced tin asset in Germany," he said."And I think they're going to probably be the next two hard rock tin mines to come to market."And what's special about both of those is our production costs are sort of in the US$10-15,000 a tonne region as opposed to the US$30-35,000/t most new tin mines are going to require."

[ragnarr] 28/2/2022 21:15

First Tin@FirstTinLimited·https://twitter.com/FirstTinLimited/with_replies17 FebReplying to @cluffy82Indicative LSE listing date is 7 March.

[[e-mail]] 17/2/2022 15:01

just dipped toe in

[[e-mail]] 17/2/2022 15:01

just dipped toe in

[donaferentes] 16/2/2022 12:35

It will need a suitable trigger!Maybe when the core investors sell out to a larger fund??

[danmart2] 16/2/2022 12:20

First tin is over priced, IPO will do well to get full funding.

[sloppyjoe2] 16/2/2022 12:11

Is GUN ever going to go off?

[thordon] 15/2/2022 22:47

Gunsynd PLC@GunsyndPlc·Feb 2Here, at #GUN we are still very supportive shareholders of @ChargerMetals

We now have 3m shares held at zero cost, so $2.3m/£1.2m of value still in the portfolio.

Highlights (link below) include cash of $4.53m, and strengthened BOD.

#Lithium #PGE

hxxps://wcsecure.weblink.com.au/pdf/CHR/02481203.pdf…

[thordon] 15/2/2022 22:46

TweetSee new TweetsConversationGunsynd PLC@GunsyndPlcLater this month First Tin will be raising £20 million in an Initial Public Offering (IPO) on the London Stock Exchange Standard List on a pre-money value of £60 million.

#GUN have a investment in @FirstTinLimited at a pre money valuation of £15 million.

[ragnarr] 02/2/2022 21:28

All makes absolute sense. The announcement confirms that :.735 BC is a British Columbia corporation that is a reporting issuer under the securities laws of Alberta and British Columbia. 735 BC has no material assets and does not conduct any operations or active business, other than the identification and evaluation of acquisition opportunities to permit the company to acquire a business or assets in order to conduct commercial operations..What is a reporting issuer in Canada?A reporting issuer is generally a public entity in Canada with ongoing compliance and disclosure obligations, while a non-reporting issuer is a private entity with few compliance and disclosure obligations.Basically its time/cost effective way becoming a listed entity.

[geko5trade] 02/2/2022 20:31

apfindley/bill182

I'm with Bill on this one I really don't see anything odd about it. It is relatively common and the reason it makes sense is because it is a cost effective and quick route to listing. I don't know why you (apfindley) don't like that reason. Furthermore if Bill is correct he confirms my thoughts in post 4897 above in that tax losses from the shell can be brought forward. In this case I don't know if the latter is applicable but I really can't see anything suspicious about reversing into a shell.

[bill182] 02/2/2022 16:36

RTO's are very common. I was involved with one recently where the directors of the RTO business resigned on completion of the RTO. I am told it is a very cost effective way for a unlisted company to list and in certain circumstances prior losses can be used to offset profits thus reducing the tax liability.

[apfindley] 02/2/2022 16:30

Ok im trying to work out what's going on here.A few days ago the pumping of Gun started on twitter.Then today we have news of an rto for Low6.The company in question appears to be a shell with no recent activity.So who is behind this no name company?Is the director linked to any known (usual) placing participants?And what's the purpose of taking this route?.I'm bullish on Low6 (and for gun+pires), but this rto really doesn't look right to me. Why would you reverse something like Low6, which is looking extremely positive, Into an old shell with an unknown director. It makes no sense (and please don't fallback on the 'listing fees' argument).I'm happy to learn more, as I'm not slating either gun or Low6, I'm just sceptical about the motives behind the individuals who may be involved.

[geko5trade] 02/2/2022 11:40

It's a sensible thing to do. I can't remember now whether, apart from it being a much more economical route to listing, whether the shell can also contain tax losses that can be brought forward. I think that was once the case but may be wrong.

[ragnarr] 02/2/2022 11:39

Thanks Bill.On the valuation side of the IPO it is stated - To date, it has raised approximately £24m (Can$41m) from a range of institutional and private shareholders based in the UK, Australia and North America.Gunsynd holds 6,667 shares (for approximately GBP200,000) representing approximately 1% of Low6's issued share capital together with a GBP65,000 convertible loan note.

[bill182] 02/2/2022 10:20

Yes, precisely that. It is a cash shell company that Low6 are reversing into. Should save them considerable funds compared to completing an IPO listing.

[ragnarr] 02/2/2022 09:41

Anyone care to comment on what this actually means. Is this just a vehicle for listing on TSXhttps://www.low6.com/low6-limited-and-1319735-b-c-ltd-announce-execution-of-binding-letter-agreement/Toronto, ON, February 1, 2022 – 1319735 B.C. Ltd. ("735 BC") and Low 6 Limited ("Low6") are pleased to announce that the companies have entered into a binding letter agreement (the "Agreement") which sets forth, in general terms, the basic terms and conditions upon which 735 BC and Low6 will combine their business operations resulting in a reverse takeover (the "RTO") of 735 BC by Low6 and its shareholders.

[festario] 02/2/2022 08:32

Low6 is why I'm here.

[1choip] 02/2/2022 08:23

massive potential in low6 as going for an expansion into us

[sloppyjoe2] 02/2/2022 08:17

Ragnarr - thank you!

[thordon] 01/2/2022 21:25

Well there one thing and that is I'm not selling , at 2 p will sell half holding and rest free shares.
Just being honest about GUN
Ragnarr had a little test of value of gun 5 weeks ago and had a value of 1.4p but that's changed now

[ragnarr] 01/2/2022 21:09

The Finals stated investments value at £6.3m and just over £1m in cash so that roughly equate to NAV share price of around 1.6pBut that doesnt take into account the situation after IPOs at Low6 IPO and First Tin which I suspect will put it over 2p I need to re-do the calcs as of now and check the current SPs on the investments because Rincon has had a poor run recently.

[festario] 01/2/2022 20:00

Ragnarr is indeed best placed to answer the sum of the parts question, but the great unknown is Low6.It could be enormous, and it could get snapped up by the likes of MGM or any of the large gambling conglomerates.In that sector there is a big buzz around Low6, and in my opinion justifies the GUN market cap on its own.