Gunsynd Share Chat (GUN)

It is Friday evening in #UK & we like to share a video or two 😄 Some reader may wonder why we highlight #WealdBasin Simple answer #British #Oil & #Gas Video

Enjoy our little homage to #ALBA #SOLO #PRIM #DOR #GUN #RGM #ANGS #IGAS #HorseHill #Brockham #Balcombe #Kimmeridge #Portland

https://twitter.com/Share_Talk/status/1043202230709567489

the wage bill is too much for the share performance that was delivered...probably another placement is coming to pay for this year's wages....absolute joke of a share....

How can they justify a wage and salary increase from £75k in 2017 to £145k in 2018........Mr H. Harris paid £66,000 and Mr D.Strang paid £66,000 a year.......show or prove to be right or reasonable.

Good job I wasn't holding my breath for those.

final results

Full presentation on the acquisition by Metminco.

http://www.metminco.com.au/site/PDF/2674_1/PRESENTATIONDSONICKELLATERITEPROJECTANDFINANCING

9& up - thanks for update optimist

That is out of date. The Pires shares were sold. It was contained in an RNS some time back.

Last chance today to win the oil barrel

#UKOGoilbarrel "the winner" can choose either #Kimmeridge Limestone Barrel or the
Kimmeridge & #Portland Barrel

#WealBasin #ALBA #SOLO #PRIM #DOR #GUN #RGM #ANGS #IGAS #HorseHill

Current donations stand at £2035 @Anton13579

Use #HH Charity http://www.mytime4youngcarers.org/ Link

https://twitter.com/Share_Talk/status/1043030985804197888

Holdings

Name Equities % Valuation
United Oil & Gas Plc 6,058,599 2.08% 393,748 USD
Alba Mineral Resources plc 17,500,000 0.58% 118,300 USD
Pires Investments plc 1,013,634 2.99% 29,639 USD

didn't know we held shares in PIRES or is this out of date info

https://www.marketscreener.com/GUNSYND-PLC-4005967/company/

see Hamish only holds 1%

Should the Acquisition complete, the interests in Metminco Shares of the Vendors, on a post-Placement, post-Rights Issue basis, on the payment of the Upfront Consideration (on the basis the maximum payable is paid) and in the event all Deferred Consideration is paid are set below (rounding errors may be present):

Upfront only paid All Consideration Paid

· Eagle Ray 75,000,000 (3.9%) 300,000,000 (11.2%)

· Gunsynd 50,000,000 (2.6%) 200,000,000 (7.5%)

· Pawel Misiec 58,878,945 (3.1%) 235,515,780 (8.8%)

· Andrew Kuzemko 58,878,945 (3.1%) 235,515,780 (8.8%)

· Nelson Kile 7,242,110 (0.4%) 28,968,440 (1.1%)

· Total Vendors 250,000,000 (13.0%) 1,000,000,000 (37.4%)

· Metminco Shares on issue 1,926,078,363 2,676,078,363

This would result in Eagle Ray, Pawel Misiec and Andrew Kuzemko becoming Significant Shareholders of Metminco for the purposes of the AIM Rules upon issuance of the Upfront Consideration. Should the Stage 1 and Stage 2 Deferred Consideration be issued Gunsynd would also become a Significant Shareholder, while Eagle Ray would become a Substantial Shareholder for the purposes of the AIM Rules. This assumes no further Shares in Metminco are issued prior to the issuance of the Stage 1 and Stage 2 Deferred Consideration.

Sunshine Metals Ltd

Sunshine is a private company incorporated in the Solomon Islands, to northeast of Australia, focused on the exploration and development of its 80% interest in an advanced stage DSO nickel laterite project, the Jejevo Project, located on the south coast of Santa Isabel Island. The remaining 20% interest is held by a representative of the local landowner group with which a carry arrangement is to be negotiated as a condition precedent to the transaction.

Sunshine also has an 80% interest in an early stage bauxite prospect, the Tausere Project, located on the southern coastline of Choiseul Island, situated at the northwest extent of the Solomon Islands.

These interests are held through two Solomon Islands incorporated subsidiaries:

· an 80% interest in Sunshine Nickel Limited (SUB1); and

· an 80% interest in Sunshine Moumolu Limited (SUB1)

The remaining 20% of SUB1 is held by Mr Nelson Kile (Nelson Interest) and the remaining 20% of SUB2 is held by the Bugotu Landowners Association.

Sunshine has 5 shareholders, each of which are a counterparty to the Acquisition (together the Vendors):

· Eagle Ray Investments Pty Ltd (Eagle Ray) 30.2% interest

· Gunsynd PLC (Gunsynd) 19.8% interest

· Pawel Misiec 23.6% interest

· Andrew Kuzemko 23.6% interest

· Nelson Kile 2.9% interest

Sunshine's unaudited loss for the financial year ended 31 March 2018 was SBD3,514,188 (~AUD619,000), and it has net assets of negative SBD2,552,484 (~AUD450,000) made up of:

· Current assets: SBD20,703 (~AUD4,000)

· Fixed assets: SBD0 (AUD0)

· Current Liabilities SBD2,573,187 (~AUD453,000)

The Current Liabilities of Sunshine include the Deposit. Amounts in excess of the Deposit are subject to payment at the discretion of Metminco.

https://twitter.com/search?f=tweets&vertical=default&q=%23HORSEHILL&src=tyah

Weald oilers
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@WealdOilers
2m2 minutes ago
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#ukog #HorseHill
@DavidLenigas
Looks like they have drilled through the lowest permanent bridge plug.
Kl4 Kl3 Kl2 Kl1 will not be long now before your gushing.
📸 @Adrianwfire and the Eyes.

Metminco share price now at AU$0.004

https://www.google.co.uk/search?q=metminco+share+price&oq=me&aqs=chrome.2.69i59l3j69i60l3.3623j0j7&sourceid=chrome&ie=UTF-8

Values Gunsynd's 19.8% share of Sunshine at circa £440k

Just found this link with details on how Metminco are raising the funds. Interestingly, it is above their share price yesterday, but below the conversion price to Sunshine. More importantly, at the issue price, it still gives Gunsynd a good profit on their investment.

"In order to proceed with Jejevo, Metminco must raise AU$3 million through equity capital raising and also successfully complete its due diligence.

To get to AU$3 million, Metminco said it would issue a private placement of 135 million shares at AU$0.4c to raise AU$540,000, and another AU$2,514,116 through a pro rata renounceable rights issue.

Jejevo is described by Metminco as having “attractive nickel grades” and a project that provides the company exposure to nickel prices “in a period when demand growth is expected to be driven by, in particular, the growing market for batteries to support increasing electric vehicle production.”

https://investingnews.com/daily/resource-investing/base-metals-investing/nickel-investing/gold-focused-metminco-dips-toes-nickel/

cockernhoe

No. Work through the list of investments on the website, taking recent RNSs into account. It’s a mixed bag but there is enough good stuff in there to more than support the current sp.

On LSE.

Looks very poor.

Oyster down yet again...5.88%....its now only 0.08 cad

Makes a nice change to see a sea of blue here today although the last trade was probably a sell.....the same number of shares purchased at 14.13....1,648,874.

https://fastbase.com/InvestorNews.aspx

Will cover the market cap virtually at this price

optimist13

It is AIM oiler smoke and mirrors that has generated talk like that. Take Portland:

Highest observed hourly rate equivalent to an implied daily rate of 352 barrels of oil per day...

Maximum instantaneous half-hourly pumped rates of 441 and 470 bopd...

The reality though?:

sustainable 24/7 rates of between 140-160 bopd...

but it’s okay because further measures can be taken to realise Portland’s full potential...

Classic AIM oiler smoke and mirrors.

UKOG really looks like one where it is better to travel than to arrive. HH is hopefully planning to sell UKOG under the radar into strength. If it turns out that he has a different plan, I will sell GUN.

You have to laugh...the MM's are paying over 20% more than the published bid for shares.

Okay, so how much is a tanker full of oil worth and how much oil will have been sold from Horse Hill in the intervening period.

I have seen mention of up to 1000 barrels of oil per day if the Kimmeridge layer is perforated successfully.