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A good reason now why there was the recent placement. Nice to see Sprott also active in this latest investment. Just topped a further 500k at 0.17p- all on aquis
Hoping 2024 will be GUN’s year
Lennie
Wonder who participated in the placing. Hopefully the directors took some and show some confidence.
Sorry, thought the earlier post had not happened. K
Fingers crossed.
Have you looked at Premier African Minerals, PREM? It's taken a hit lately due to machinery issues at their Zulu ( Lithium ) mine which caused them to miss a couple of deadlines.
A good resource and a Chinese partner ( Canmax) eager to make it work , the SP at bargain basement IMHO. K
I'm not too concerned as long as the commodity bull ignites the AIM minnows, which it's showing signs of, then whether I bought at 0.23p or 0.2p will not make any material difference and am pleased that this placing is at least out of the way.
Lennie
Dilution , hence the price drop today.
Sorry Lennie.
K
Lets hope market been very negative on AIM
Just topped up another 500k to take me to over 4m now. Most trades via Aquis Exchange. Commodity shares at such a low SP versus recent rise in commodity prices. Hoping this one will start to climb now once it comes on to peoples radar again.
Lennie
Https://www.australianmining.com.au/rio-and-charger-collaborate-on-lithium/?utm_source=dlvr.it&utm_medium=twitter
The company also announced it has simultaneously agreed to purchase Lithium Australia’s minority interest in the Lake Johnson project for $2 million.
With shareholder and third-party approvals, the acquisition will take Charger’s ownership of the project to 100 per cent.
“The Rio Tinto Exploration farm-in agreement is an excellent result for Charger and its shareholders and reaffirms our belief that the Lake Johnston project has potential to host a large-scale lithium deposit,” Charger managing director Aidan Platel said.
“The planned significant investment by RTX will allow thorough systematic exploration over all of the project tenure, with initial exploration focused on fast-tracking the Medcalf spodumene prospect as well as progressing the Mount Day and Mount Gordon lithium prospects.”
Rio and Charger collaborate on lithium: Charger Metals has announced it has entered into a farm-in agreement with Rio Tinto Exploration (RTX) for its Lake Johnston …
https://twitter.com/ozmining/status/1726729527316103344
I'm happy with the move. The Finns are usually pretty well run companies. K
Somewhat surprised at the lack of comments on the profitable share disposal. There again, the price achieved is at a significant discount to previous ( significantly smaller number of shares) disposals.
Well played GUN ... Charger metals shares now sold down to a 2.1% free-carry holding representing their initial £261k stake acquired pre-IPO and at IPO of Charger Metals; the proceeds have now funded a 25% stake in the Black Shist project in Finland for free.
All we need now is for this relentless bear market for commodities and precious metals to end and GUNs investments should appreciate nicely.
ATB APR
£440k... lol
£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