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Well worth a read.
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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/.
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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.”
Is there a gun telegram group Matt?
Would have more joy on the telegram groups not very active on here
PART 3
Tue, 30th Jun 2020 14:39
RNS Number : 5754R
Gunsynd PLC
30 June 2020
Result of GM, Issue of Equity and Director Dealing
“Director Dealing
As announced on 11 June 2020, Hamish Harris and Donald Strang, Directors of the Company, have, on the same terms as the Placees, subscribed for £39,000 in aggregate, being 6 million new ordinary shares in the placing representing 6.5% of the total Placing ("Director Participation"). The Director Participation shares have now been issued as part of the Conditional Placing. Further, as participants in the placing on the same terms as the Placees, Hamish Harris and Don Strang have each received Placing Warrants, issued at one warrant for every three ordinary shares subscribed for on the same terms as the Placees.”
https://www.lse.co.uk/rns/GUN/result-of-gm-issue-of-equity-and-director-dealing-z1396673us3wc9n.html
Mon, 6th Jul 2020 07:00
RNS Number : 0492S
Gunsynd PLC
06 July 2020
Placing to Raise £465,000
“Gunsynd (AIM: GUN, AQSE: GUN) announces that it has placed, through its broker, Peterhouse Corporate Finance ("Peterhouse"), 71,538,462 new ordinary shares to raise gross proceeds of approximately £465,000 (the "Placing"). The new ordinary shares have been placed at a price of 0.65 pence per share (the "Placing Price").
The placees will also receive one warrant for every three ordinary shares subscribed for, exercisable at 1.3 pence (the "Placing Warrants") and expiring on the one-year anniversary of the date of issue. In aggregate, 23,846,154 Placing Warrants will be issued.”
“Following Admission, the Company's issued share capital will comprise 238,367,047 Ordinary Shares with voting rights. “
https://www.lse.co.uk/rns/GUN/placing-to-raise-163465000-seqskdk6e5l2inp.html
Tue, 7th Jul 2020 07:00
RNS Number : 1846S
Gunsynd PLC
07 July 2020
Further Placing to Raise £104,000
“Further to the placings announced by the Company on 11 June 2020 and 6 July 2020, Gunsynd (AIM: GUN, AQSE: GUN) announces that, in order to satisfy excess investor demand, it has placed a further 16,000,000 new ordinary shares to raise gross proceeds of approximately £104,000 (the "Placing"). The new ordinary shares have also been placed at a price of 0.65 pence per share (the "Placing Price").
In line with the placings announced on 11 June and 6 July, the places ("Placees") will also receive one warrant for every three ordinary shares subscribed for, exercisable at 1.3 pence (the "Placing Warrants") and expiring on the one-year anniversary of the date of issue. In aggregate, 5,333,334 Placing Warrants will be issued.”
“Following Admission, the Company's issued share capital will comprise 254,367,047 Ordinary Shares with voting rights. “
https://www.lse.co.uk/rns/GUN/further-placing-to-raise-163104000-lkao42da5275u45.html
PART 2
Without all shareholders being able to benefit from the placing price and attached warrants.
So following the simple example from before, if you held 1% of Gunsynd on May the 1st 2020, then by mid July 2020 your % would have shrunk to 0.29% or in other words, less then 1/3 of the % you had before. (this is assuming you were not invited to participate.
I think all shareholders should be allowed to participate.
So, please vote no to resolutions 4 and 5.
Please feel free to read the snippets of the RNS’ mentioned below. Or even better look them up yourself.
Mon, 4th May 2020 14:26
RNS Number : 8550L
Gunsynd PLC
04 May 2020
Following the passage of the resolutions at the GM today, 6,334,275,841 Existing Ordinary Shares of 0.001 pence each in issue in the capital of the Company, together with the 64 additional Ordinary Shares issued on 1 May 2020 to ensure the Company's issued ordinary share capital is divisible by 85, will be consolidated into 74,520,893 New Ordinary Shares of 0.085 pence each
https://www.lse.co.uk/rns/GUN/result-of-gm-and-consolidation-of-share-capital-hwuz5z3ao49sulf.html
Thu, 11th Jun 2020 13:23
RNS Number : 7075P
Gunsynd PLC
11 June 2020
Placing and Conditional Placing to Raise £600,000
“Gunsynd (AIM: GUN, AQSE: GUN) announces that it has today placed, through its broker, Peterhouse Corporate Finance ("Peterhouse"), 92,307,692 new ordinary shares to raise gross proceeds of £600,000. “
https://www.lse.co.uk/rns/GUN/placing-and-conditional-placing-to-raise-163600000-61k6lz9p4evlvtg.html
Fri, 12th Jun 2020 15:23
RNS Number : 8631P
Gunsynd PLC
12 June 2020
“Subject to shareholder approval at the General Meeting for the requisite authorities, investors subscribing for Placing Shares will also receive one Placing Warrant for every three ordinary shares subscribed for, exercisable at 1.3 pence and expiring on the two-year anniversary of the date of issue. In aggregate, 30,769,231 Placing Warrants have been conditionally issued. Further, as part of the commission arrangements, the Broker has been issued with 2,769,231 warrants subject to shareholder approval for the requisite authorities, on the same terms as the Placing Warrants. “
https://www.lse.co.uk/rns/GUN/posting-of-circular-and-notice-of-general-meeting-vlggg63rnbsiuq3.html
Tue, 30th Jun 2020 14:39
RNS Number : 5754R
Gunsynd PLC
30 June 2020
Result of GM, Issue of Equity and Director Dealing
“Director Dealing
As announced on 11 June 2020, Hamish Harris and Donald Strang, Directors of the Company, have, on the same terms as the Placees, subscribed for £39,000 in aggregate, being 6 million new ordinary shares in the placing representing 6.5% of the total Placing ("Director Participation"). The Director Participation shares have now been issued as part of the Conditional Placing. Further, as participants in the placing on the same terms as the Placees, Hamish Harris and Don Strang have each received Placing
PART 1
On Thursday the 24-3-2022 we have an AGM, you can vote on the proposed resolutions, but the deadline is Tuesday the 22-3-2022 at 1100, unless you show up in person at the AGM.
I think it is worth having a discussion here over the weekend about the following resolutions:
Resolution 4 - Directors' Authority to Allot Shares
This is an ordinary resolution to grant to the Directors the authority to allot and issue shares and grant rights to subscribe for shares in the Company for the purposes of Section 551 of the Act up to the maximum aggregate nominal amount of £527,000 (representing 620,000,000 Ordinary Shares of 0.085 pence or approximately 138% of the current issued ordinary share capital of the Company). This Resolution replaces any existing authorities to issue shares in the Company and the authority under this Resolution will expire at the conclusion of the next annual general meeting of the Company.
Resolution 5 - Disapplication of Pre-emption Rights
Resolution 5 proposes to dis-apply the statutory rights of pre-emption in respect of the allotment of equity securities for cash under Section 561(1) of the Act. This is a special resolution authorising the Directors to issue equity securities as continuing authority up to an aggregate nominal amount of £527,000 (representing 620,000,000 Ordinary Shares of 0.085 pence or approximately 138% of the current issued ordinary share capital of the Company) for cash on a non-pre-emptive basis pursuant to the authority conferred by Resolution 4 above. The authority granted by this Resolution will expire at the conclusion of next annual general meeting of the Company.
Based on my past experience, I advocate that you vote a resounding NO, to these 2 resolutions.
It is incredible annoying to see your percentage go down, when the directors line people up to buy the shares at a cheap price and last time they did so, it was with warrants attached.
But an existing shareholder you are not invited to participate.
Just a light example:
A company has 100 shares in circulation.
You are the lucky owner of 1 share or 1% of the company.
Now the directors decide to increase the amount of shares to 238 shares in circulation. (increase of 138% as suggested)
But you are not given the chance to get even a single one of those 138 new shares.
So now you only have 1 share out of 238 and your percentage of the company have fallen from 1% to 0.42% (1/238*100=0.42%)
All of a sudden your %, whatever it might be, has more then halved.
It is less then 2 years since it last happened.
Just a brief re-cap:
In the beginning of 2020 Gunsynd had more then 6 BILLION shares in circulation.
This was divided by 85 and resulted in circa 74,5 million shares in circulation.
So far, so good. You still had the same % as before.
But from May 4th 2020 to July 7th 2020, a time frame of just slightly more then 2 months, the number of shares went from 74 million to 254 million (Only counted
haha wood bet you was crying with the eua drop, but no doubt you sold the top and brought the dip.
Sell up and move on. This is the biggest pile on dog **** on AIM.
I used to have an average of 1.9 and have averaged down heavily to 1P. Have thrown some good money after play money.
Charger metals was 15% up at one point last night finished 6.1% up
A couple of iPo should give us some upside from here. Not long to wait now
We are near discount to assets of 100% not including Warrants.
You're not alone Sam.
Wish I'd only invested back-pocket change. £2k down and an average of 2p. Been here for way too many years now but I do live in hope!
Someone using backpocket change to buy the shares.
100% Believe low6 will list at least double the investment as the IPO was done much higher then original investment and gun declined to add. First tin likely to multi bag I would assume on the investment
Devil - thanks for taking the time and posting. I suspect nav will increase further soon with First Tin and Low6 IPOs
It would be cool to have a NAV over 100% difference
@devil thanks very clear and concise analysis
Agreed absolutely bonkers and to paraphrase WB ... markets can stay irrational longer than use poor PIs can stay solvent
ATB APR
My calculations isn't perfect because you could knock rogue baron down to 5.8 if you really wanted but ADFVN shows a spread of 5-7. AUS - GBP going up 5% has really helped keep the NAV up. If we get a peaceful world and the shares bounce it could be way under
Listed Investments (£4,478,872.62)
================================================
£746,908 (0.15 bid) - Rincon (8.9 million shares)
£1,462,483 (6.1 bid) - Rogue Baron (21,543,563 shares) (Shows spread 5-7p ilquid)
£776,280.64 (0.555 bid) - Eagle Mountain (2.5 million shares)
£1,107,773.46 (0.666 bid) - Charger Metals Limited (3,000,000 shares)
£150,000 (1.8 bid) - Oscillate Plc (DiscovOre) (10,000,000 shares)
£104,809.27 (0.29 bid) - Empress Royalty (600,000 shares)
£130,618.25 (0.12 bid) - Pacific Nickel (1,945,757 shares)
Rincon phase 2 drilling early march
Rogue Baron Shinju to the U.K. market. London
Eagle mountain JORC Mineral Resource Estimate (MRE) 36% increase in resource
Charger signs access agreement to drill Coates Project nickel-copper-PGE target near Julimar
Mush new director waiting game valued at cash or lesss
AUS - GDB up 5% this year
Total NAV Unlisted (£440,000)
===========================
£265,000 - Low6 - 150k downloads RTO date to be confirmed
£125,000 - Anglo Saxony Mining
£50,000 - Media Tech SPAC
Summary
===========================
Total NAV Listed = £4,478,872.62
Total NAV Unlisted = £440,000
Total Cash Held = £1,331,000
Total NAV = £6,249,872.62
449,796,506 Total Shares in Issue
Current NAV SP = 1.3895 Share price = 0.7
Trading 98.5% Under NAV
Baker Steel Resources Trust
Further listings planned for H122
BSRT is expecting to list First Tin (previously Anglo Saxony Mining) on the London Stock Exchange (LSE) in late Q122 or early Q222, which is one of the conditions for completing the sale and purchase agreement related to the Taronga tin mine signed with Aus Tin in November 2021. Aus Tin (listed on the ASX) will receive A$1.35m and 60m shares in First Tin (or a minimum 22.6% stake) once the listing has closed, bringing the total acquisition price to c A$34m. During the IPO, First Tin targets raising c £20m at a minimum price of 30p per share (significantly above BSRT’s acquisition cost). BSRT, which holds a c 25% stake in First Tin, has increased its carrying value by c 50% at the year-end revaluation to reflect the minimum price per share in the upcoming listing, which we understand is adjusted for a 25% discount attributable to execution risk.
Based on the pre-feasibility study (PFS) completed in 2014 by Aus Tin, the Taronga mine holds c 22m tonnes of resources with 0.16% tin content, translating into 35.6k tonnes of tin, which was later revised to 57.2k tonnes. The mine remains inactive since 2019 and First Tin plans its own DFS as early as 2022. It will be run parallel to the DFS and drilling programme on its primary Tellerhäuser project located in Germany. According to International Tin Association figures, both projects combined represent the fourth largest undeveloped (non-producing) tin resource worldwide. The AISC of the Tellerhäuser project stands at US$16,600/t compared with the current spot tin price on the LSE of more than US$40,000/t.
https://www.edisongroup.com/publication/nav-broadly-flat-in-fy21-after-strong-fy20/30462/
We are pleased to announce an investor webinar to discuss today’s announcement on the Update of JORC Mineral Resource Estimate (MRE) for the Oracle Ridge Copper Project
Friday 11 March 2022
?? 12:00pm AEDT / 09:00am AWST
?? Register https://buff.ly/3pT64gy
https://twitter.com/eagle_mining/status/1501727957299175425
https://twitter.com/eagle_mining/status/1501770182288621572
Eagle Mountain Mining has lit up its pathway to recommence mining at its Oracle Ridge copper project in Arizona with a massive 36% increase in resources
On the plus side Rincon has just broken out of its downtrend and popped from 10.26c to 15c in 2 days.
Roll on drill programme with 2x deep 250m drilling soon
ATB APR
Solid 2.35M buy earlier (16.45k) over 0.5% of the company