Gunsynd Share Discussion Threads

[thordon] 14/4/2022 20:02

This was from another site which we added too

Cash held vrs cash spent vrs sold shares converted to cash

Its a rough guide only


But yes big discount to Nav - conservative 50% to 75% so say 62% average

[arlington chetwynd talbott] 14/4/2022 19:00

Where is your cash held figure from?

[ged5] 14/4/2022 17:35

Thank you Thordon for sharing.

If you don't mind me pointing out a few differences from my own calculations.

Some of your bid prices are Australian dollars.
Empress Royalty was disposed as per last results
Anglo Saxony mining now First Tin 1083333 shares with the bid at 29p is worth £314166.57
Also 176464 CLNs mainly for Rogue Baron 65000 for Low6

But yes trading well below NAV.

[thordon] 14/4/2022 16:23

Listed Investments (£4,655,228.72)
================================================
£789,211.95 (0.155 bid) - Rincon (8.9 million shares)
£1,462,483 (6.1 bid) - Rogue Baron (21,543,563 shares) (Shows spread 5-7p ilquid)
£665,066.25 (0.465 bid) - Eagle Mountain (2.5 million shares)
£1,373,040 (0.80 bid) - Charger Metals Limited (3,000,000 shares)
£130,000 (1.3 bid) - Oscillate Plc (DiscovOre) (10,000,000 shares) (Valued at cash or lower)
£104809.27 (0.29 bid) - Empress Royalty (600,000 shares)
£130,618.25 (0.12 bid) - Pacific Nickel (1,945,757 shares)

Eagle mountain dropped because of largish placing, director contributed 1M AUS

AUS - GDB up 5% this year

Total NAV Unlisted (£440,000)
===========================
£265,000 - Low6
£125,000 - Anglo Saxony Mining - Money basicually raised on primary bid for a few more days
£50,000 - Media Tech SPAC - Take over agreed

Summary
===========================
Total NAV Listed = £4,655,288.72
Total NAV Unlisted = £440,000
Total Cash Held = £1,331,000
Total NAV = £6,462,228.72
449,796,506 Total Shares in Issue

Current NAV share price = 1.4367 Share price = 0.8

Trading 79.5% Under NAV

[dane1606] 14/4/2022 15:14

GUN ..the most unloved share currently on AIM ..what will ever bring the love

[arlington chetwynd talbott] 13/4/2022 16:22

I am hoping they have learned to avoid frustrating situations like Oyster and Fastbase. They certainly seem to be in more stuff that is actually quoted these days.

[ged5] 13/4/2022 15:24

This was from the first paragraph of the Annual Report:-

"I am pleased to present the annual report and financial statements for the year ended 31 July 2021. The Company made a profit for the year to 31 July 2021 of £2,012,000 (2020: loss £991,000) after taxation. The Company had net assets of £6,303,000 (2020: £2,470,000) at 31 July 2021, and cash balances of £1,071,000 (2020: £838,000)."

Since then (31st July) they've had the partial disposal of Charger Metal and further investment in First Tin.

My calculations yesterday on mid-prices was about £5.1m for present investments and about £176K CLNs.

Anyone looking in please check the figures, I have been known to make mistakes.

[arlington chetwynd talbott] 13/4/2022 14:51

Same executives. Maybe I just struggled to get over that bad oyster. My rough calculation, trying to be conservative, is a 30-35% discount to NAV (excluding cash) at my 0.787p. Does that sound right to you? Not entirely sure what the current cash balance is, but assuming it is several hundred thousand we could be looking at something more like a 40% discount to the total NAV at my 0.787p. Enough to encourage me back in. A noticeable pop in any of its bigger investments should put GUN back in play. I do remember that there was fun to be had if your timing was good and you were careful around seafood.

[ged5] 13/4/2022 14:42

Well done, Arlington!

Looks like they've got their act together with the investments they've got now.

Is the management still the same?

[arlington chetwynd talbott] 13/4/2022 14:14

Just bought 500K at 0.787p. This has a mix of projects that could catch the imagination of the market right now. But I have been in here before and am therefore braced for a full quota of delays and disappointments. I really like 1SN though.

[ged5] 12/4/2022 11:31

A few tweets from Gunsynd this morning:

First a link to Dr Thomas Bunger of First Tin talking about the use of tin.



Interview:



Then about the copper investment:-



More about Eagle Mountain resource in Arizona:



I think a few have done calculations about Gunsynd's investments and worked out 3.6m is just too low now. So what about 12 months when these companies develop their resources.

I'd like to see an investment in a lithium company next.
EDIT: Sorry, I forgot about Charger Metals lithium interests.

[ged5] 08/4/2022 10:02

New thread has been set up for First Tin.

[livewireplus] 08/4/2022 07:38

RNS: Further Investment -- First Tin PLC

[bill182] 07/4/2022 16:43

Following the agreement with Oak and Still, the UK is expected to make up an increasing and significant proportion of Shinju’s revenues.

Rogue Baron expects to be able to announce further distribution deals in both Europe and the USA in Q2, 2022

All sounding very positive.

[ged5] 07/4/2022 13:32

Three tweets today reminding everyone about upcoming news from companies invested in.

"Charger confirms massive sulphide targets at its Coates NickelCopper-PGE Project near Julimar"






"5,000m Phase 2 RC & DD drilling program at #Hasties South Telfer #Copper - #Gold Project re-commenced.

DD drilling includes completion of EIS co-funded diamond hole to test ‘Hasties Deeps’ target area, ~300m below surface."





"First Tin's CEO Thomas Buenger is delighted to provide a corporate video inviting investors to delve into the Company's promising investment story into #tin."



video from First Tin 31st March

[ragnarr] 06/4/2022 12:32

First Tin@FirstTinLimited·Apr 5Our offer with PrimaryBid is now live until 8th April, ahead of our IPO! Tin is in high demand and our aim is to provide provenance of supply from 2 low capex assets in the next 3 years. Download the app now to discover how you can invest and be a part of our exciting future.https://mobile.twitter.com/FirstTinLimited

[ged5] 06/4/2022 11:48

Good morning.

Yes, I thought I mentioned it to you somewhere.

A bit disappointed those early sells knocked the sparkle off the share price after that 1.2m buy yesterday.

Looks like a bit of interest coming back here.

[ragnarr] 06/4/2022 11:01

Morning Ged - Didnt realise you were in GUN

[ged5] 05/4/2022 11:28

Today's tweet:-

Good news for #GUN Shareholders…

@roguebaronuk is pleased to announce that it has signed a distribution agreement for Shinju, its multiple award winning Japanese whisky with Oak and Still, the marketing arm of Fine Wine Sellers Limited.



Still very quiet here.

[ged5] 01/4/2022 23:01

Cos I haven't got enough money to buy more.

[sloppyjoe2] 01/4/2022 20:49

So why is the share price not even back to NAV yet?

[bill182] 01/4/2022 15:37

Take your pick:

Charger Metals share price on a run - up 16% today and now at 0.83 AUD

First Tin listing next week with launch price double our initial investment.

Low6 listing update imminent.

Media Tech SPAC RTO with Drylab A/S agreed.

Rogue Baron giving positive updates on Shinju Whisky revenue growth.

And that is just what has been announced!

[donaferentes] 01/4/2022 11:10

More about asset value than PE. Last time I looked AV was at least double the share price. Just need a trigger to reduce the discount to nearer 10% than 50%. No idea what that would be.

[1choip] 01/4/2022 08:22

PE is very low.