Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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£400k now….
Charger metals is not dead yet, it dropped hard on disappointing results. It’s now bagged since all time low.
Neighbours drilling hit decent and they went up 160%
It’s got amazing postcode for lithium but management failed so far, our holding worth £360,505.95. If they play it right will cover our MCAP.
@jaac Good spot and excellent news
ATB APR
Rns today from MET1
https://www.lse.co.uk/rns/MET1/update-re-gunsynd-farm-in-to-black-schist-project-dnmxw8a9d65281y.html
A bit of interest on the Aquis Exchange over the past couple of days;
Date Volume Price (GBX) Value (GBP)
01 Nov 23 11:17 1,000,000 0.25 2,450.00
01 Nov 23 08:11 1,000,000 0.24 2,390.00
31 Oct 23 09:49 199,149 0.23 458.04
30 Oct 23 10:33 209,305 0.23 481.40
30 Oct 23 08:41 105,870 0.23 243.50
It's not even worth logging in and checking on this junk anymore, same goes for most of AIM.
And the stock goes down. Unreal this. AIM is a bag of crap.
Worth 1.26 Million Sterling or 2.4 Million Australian dollars
Always nice to get some positive updates ...
ATB APR
Pacific Nickel update: Mining of Nickel Ore Commenced
Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee company Pacific Nickel Mines Limited ("Pacific Nickel"), which is listed on ASX (ASX: PNM) that mining of saprolite nickel ore has commenced from its Kolosori Nickel Project on Isabel Island, Solomon Islands. The Kolosori Nickel Project is a direct shipping ore (DSO) nickel laterite project. Mining of saprolite nickel ore commenced on 1 October 2023 and the ore was delivered to one of the stockpile pads developed by the Company near to the wharf in preparation for the first shipment of ore which is anticipated in November 2023.
Did we participate in the recent placing I wonder
Metals One PLC on Monday said it successfully commenced trading in London, prompting congratulations from stakeholder Bluejay Mining PLC, and gave updates for its various projects.
The London-based mining company, which is focused on battery metals projects in Finland and Norway, said its entire issued share capital was admitted to AIM on Monday.
The shares were untraded at 4.86 pence later that morning.
Metals One said it raised GBP2.2 million in its initial public offering, through a placing and subscription of 44.0 million shares at 5p each. It will use the funds to support the initial exploration and development of its Black Schist project in eastern Finland, including diamond drilling and geochemical surveys.
On Thursday, investment company Gunsynd PLC said it agreed to provide GBP1 million to fund Black Schist's development through a farm-in for up to 25% FinnAust Mining Oy, Metals One's subsidiary and project holder. It will receive 1.5 million warrants to subscribe for shares in Metals One worth GBP75,000 at the placing price, and provide the funding, over an 18-month period.
Shares in Gunsynd were untraded at 0.39p on Monday.
ATB APR
I’m with you boombag. If you look at what Gunsynd are invested in, this share is way undervalued. Downside is minimal. The only way is up…
Very Undervalued this will fly
At last some substantive news with a 25% shareholding in a very very interesting asset for essentially silly money. I strongly suspect that this asset will show a very decent ROI once this grinding commodity bear market turns ... as it surely must
ATB APR
Something positive to read at last. K
£3k in sales including aquis and -15%
Unfortunately the Junior miners, producers and explorers are universally hated by the market and being down 50-70% is not unusual even though Gold and silver are now consolidating at or near the highs of 3 years ago when this bear market in junior resource stocks started. GUNs stocks are almost all early stage investments some quoted and some not
ATB APR
Holding in charger worth £672k even after drilling programme not of to greatest start, hopefully strike it big.
Low6 had a good update but no clue on listing anytime soon
Everything else is pretty bleak
Tbh we need charger metals to smash it not much else going on
Hi APR ,
I'm still holding GUN. One day something will happen (hopefully)
Regards
Ken
Looks like RCR announced a non-brokered retail investor A$1.1m cash raise at A$5.5c for this years drilling & Exploration programme so will be interesting to see if GUN participates to maintain its current very sizeable 16.4% holding. RCR quarterly financial report to end Jan-23 showing cash of A$1.12m so looks like RCR are doing their best to strengthen their balance sheet ahead of any stock market pullback and/or further credit contraction.
I still maintain a good RCR position across GUN and directly via ASX despite significant paper loss. Hope over reality? ... maybe but it is a choice
ATB APR
Some would say a 13,000 - 1 share buy ratio! Charger strike big or low6 magically announce listing soon
otherwise one of the other shares need find a rabbit in a hat for some movement
£52 bought today will start moving quick now news been leaked
1 | P a g e
ASX ANNOUNCEMENT
18 May 2023
Drilling Underway at Bynoe Lithium Project
Maiden reverse circulation (RC) drill programme has commenced at the Bynoe Lithium
Project, NT
Initial ~2,000m programme has been designed as a first-pass test of high priority targets
including the Megabucks, Old Bucks and Enterprise prospects
The programme is expected to take approximately three weeks
Charger Metals NL (ASX: CHR, “Charger” or the “Company”) is pleased to announce that drilling
has commenced at the Bynoe Lithium Project, Northern Territory.
Charger’s Managing Director, Aidan Platel, commented:
“We are thrilled to have commenced our maiden drill programme at our exciting Bynoe Lithium
Project. The first-pass programme will drill test priority targets at the Old Bucks, Megabucks and
Enterprise Prospects, all of which are located in a structural corridor directly along strike from Core
Lithium Limited’s (ASX:CXO) operating Finniss Lithium Mine. 1
Samples will be submitted to a certified laboratory in Darwin on a regular basis and we look forward
to updating the market as the assay results come to hand.”