Gunsynd Share Discussion Threads

[arlington chetwynd talbott] 14/12/2022 08:42

Can you show your working on your NAV calculations? Your figure feels a little high to me.

[kemche] 23/11/2022 11:50

In the accounts go straight to Admin costs. That is the game.

[ged5] 23/11/2022 10:39

A flurry of news from some of the investments this week. Not done much for their share price or of GUN's NAV but progress is being made in several areas.

Two announcements from Rincon, one being a re-release.



Four from Eagle Mountain, two yesterday about trading halt, two today:-

"Eagle Mountain Mining Limited (ASX: EM2) (“Eagle Mountain” or the “Company”) is pleased to announce it has received firm commitments to raise A$5 million through the issue of approximately 30.3 million fully paid ordinary shares to institutional investors at A$0.165 per share (“Placement”)."

I wonder if GUN have taken part?

One from Pacific Nickel. (I can't find a link that ADVFN will allow at the moment, so a brief outline:-

"An updated total JORC Mineral Resource now estimated at Kolosori is as follows:

o 9.21 million tonnes at 1.46 % Ni at a 1.0% Ni cut off (approximately 134,000 tonnes of contained nickel – an increase of some 21,000 tonnes over the previously reported MRE)

o 7.08 million tonnes at 1.57 % Ni at a 1.2% Ni cut off (approximately 111,000 tonnes contained nickel – an increase of some 18,000 tonnes over previously reported MRE)"

Five from Charger Metals. Three on Monday, two today about the AGM and accompanying presentation.

Final environmental approval received enabling drilling to proceed at the
Medcalf Spodumene Prospect. Drilling contractor to mobilise to site to test out-
cropping spodumene-pegmatites shortly.

• Acquisition of E63/1883, near the Medcalf Spodumene Prospect, increases
Charger’s land position by 33km2.

• Previous Okapi Resources Limited earn-in JV Interest has been terminated by
mutual agreement. Charger has located pegmatites on this tenement.

As I say, progress being made and perhaps one day we'll reap some rewards!

[ged5] 18/11/2022 11:33

Another announcement from one of GUN's investments, this time from Pacific Nickel. Didn't do too much to it's share price and some profit taking elsewhere has left NAV at about .9p according to my calculations.

With all the positive announcements recently it gives realistic hope that NAV will rise significantly medium to long term.

[ged5] 14/11/2022 09:47

With some of GUN's investments charging ahead overnight my calculations now give a NAV of .948p.

Charger Metals was the star of the night with the bid now on .67 AUD.

Further news from Eagle Mountain's Hartman-Homestake mine with surface samples of 2-4% copper and even better at South Talon with grab samples of up to 8.9% copper.

[ged5] 11/11/2022 09:36

A week of good news from some of GUN's investments. The latest from Eagle Mountain. Looks like good grades of copper to me.

[ged5] 08/11/2022 12:02

Meanwhile back to Gunsynd.

Out all morning and thought we might have an intelligent post but this is ADVFN!

Noticed ADVFN won't allow the link in 5004.

See if they allow:-

[ged5] 08/11/2022 08:05

More good news overnight.

Rincon Resources announcement giving a rise of about 30% and another increase of about £200k to GUN's NAV.

Niobium seems to be a desired metal.

A little profit taking at Charger Metals not really affecting NAV.

[ged5] 07/11/2022 15:04

I see Charger Metals made an announcement last night that helped increase Gunsynds investment in them by about £200,000.



Next door neighbours Core Lithium produced this presentation in 2021 showing good grades of lithium oxide and IRR of 53%. (Page 10 for summary):-



Mkt cap is about ten times edit (should be 100 times) higher than Charger Metals.

Core lithium mkt cap 2.66B
Charger Metals mkt cap 25.29M Both in AUD

This investment could send GUN's nav soaring!

[festario] 04/11/2022 17:11

Is Lenigas involved in this T101?

[ged5] 02/11/2022 13:53

Today's announcement:-

Further to the announcement of 13 September 2022, Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that its further investment has recently been approved at a general meeting held by Rincon Resources Limited ("Rincon") (ASX: RCR).

As a result, Gunsynd now holds 11,065,812 ordinary shares in Rincon representing approximately 16.37% of Rincon's issued share capital.

From RNS 13 September:

Gunsynd has signed a conditional placement commitment letter for 2,165,812 shares at 8 AUD cents for a total consideration of AUD$173,265, from the Company's existing cash resources.

Price of shares on Rincon website: .145 AUD

Not bad!

[flying pig] 29/10/2022 21:25

Bought 20c trading 18c

[livewireplus] 25/10/2022 17:01

RNS this afternoon:Gunsynd PLC Investment in Omega Oil & Gas Limited

[ged5] 04/10/2022 09:56

Really? I can't see anything to get excited about.

There seems to me to be a number of potential investments but it's going to take some time to reach fruition.

Cash must be getting tight.

[arlington chetwynd talbott] 04/10/2022 09:40

Many of the underlying investments seem to be picking up a bit now.

[tyranosaurus] 30/9/2022 09:43

What a useless outfit this is.
Seems to be a relentless downhill slide with little hope of ever recovering.
Glad I sold most of mine a few years back at average price of 4p.
Will hold the few I have left until the bitter end as sale proceeds would be small.

[livewireplus] 13/9/2022 13:10

RCR Stock Price and Chart - ASX:RCRhttps://www.tradingview.com/symbols/ASX-RCR/

[tyranosaurus] 13/9/2022 08:42

And how has Rincon done so far ?

[livewireplus] 13/9/2022 07:46

RNS: Conditional further investment in Rincon Resources

[1choip] 12/8/2022 08:20

hxxps://pitchbook.com/profiles/company/455053-96#timeline

[burtond1] 23/7/2022 07:18

Is now the right time to look at the small cap Gold Miners?"...When war broke out it was gold that surged, not bitcoin, which has lost a third of its value in the past six months. This year's events indicate that rather than moving independently bitcoin tends to behave somewhat like a speculative tech stock..."https://total-market-solutions.com/2022/07/the-enduring-value-of-gold-small-cap-gold-miners-to-watch/

[ragnarr] 13/7/2022 09:40

https://sbcnews.co.uk/sportsbook/2022/07/12/low6-links-with-itp-to-drive-fan-engagement-and-data-collection/

[ged5] 21/6/2022 09:22

I reckon about 900K unless they've sold something since Charger Metals.