Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
In today’s earlier post, when I said:
And that’s it.
For now.
I had not imagined shares would be issued in the near future, let alone that it had been announced 2 hours earlier.
So it answers the question I asked mufcm about where he got the £465.000,00 from.
So the positives first.
An additional £465.000,00 in liquid cash + possible £742.250,00 depending on the accuracy of my calculations over the weekend.
It could potentially mean that Gunsynd soon will have £1.207.250,00 to spend on investments.
So far so good.
But and there is a big but.
When I started my last post, it was intended to end on a positive note/feeling.
But when I became aware of today’s RNS, that’s not quite how I felt.
Maybe because I had not seen further dilution coming so early.
Maybe because I was not prepared at all.
I feel slightly shell choked right now, a little num.
Why is it that we existing LTH are constantly not invited to take part in the party. Why can we not get the option of getting warrants that we can exercise further down the line.
It frankly annoys me.
My best defence for the BOD is that this, is a way cheaper option to raise the capital.
And if the tone on this BB is anything to go by, then it is unlikely existing shareholders would be willing to invest that kind of sum.
So why spend a huge sum on a fruitless exercise.
Another possible reason is some kind of a takeover of another company is taking place and this gives those people a change to maintain an interest in their soon to be former asset.
I mean something must be going on. You do not just get investors out of the blue.
Someone knows more then I do or sees things I do not yet see.
Good morning mufcm.
I am intrigued by the £465.000,00
What free floating cash have I missed?
If they are as free floating cash and not tied up in an investment, then it is delightful.
More money to the war chest.
The dilution of the shares have been mentioned in an earlier post, I’ll paste it in at the bottom.
In addition to the dilution mentioned in that post, there have now been further dilution taking place, but that is no news. That was known already back then.
Today there is:XXXX
Later down the line when all warrants have been cashed in (if they are) there will be:XXXX
And that’s it.
For now.
Who knows when we will need to raise cash for another investment.
And if it is not done by selling an asset, or taking a loan, then you have to issue new shares.
That’s the name of the game.
Regarding your question, Name 1: Well ALBA, UOG and UKOG have been profitable if I remember correctly. (UOG and UKOG not as profitable as we dreamt it would be, but none the less)
Back when the BOD sold UKOG, I was not happy with that decision. UKOG was the reason I bought into Evocutis and I expected UKOG to rise a lot in the coming years.
Look at where UKOG’s price are now.
They did very well, when they decided to sell.
Below you can see the earlier post about dilution:
SocialistB
Posted in: GUN
Posts: 133
Price: 0.675
No Opinion
What will the near future bring?17 Jun 2020 09:51
Today or maybe tomorrow an additional 74,520,893 shares will hit the market.
And Gunsynd will have a total of 149,041,786 ordinary shares issued.
Double up from yesterday.
And there will be £484,386 minus expenses more in the coffer.
That all sounds good.
But will it do any good to the share price?
Will the share price start moving north based on that information alone, or will it take more info then that, to move it in the right direction.
In my view the market ought to see it as follows:
£400,000+ extra in the coffer: POSITIVE
Double as many shares: NEGATIVE
So one positive and one negative = NEUTRAL.
So to get this share moving we need another positive.
Like in the form of an RNS saying where they plan to invest the money.
That the due diligence with an explorer in Australia went well and they are about to buy a stake in XXXXX company.
Okay, so I have just seen Today’s RNS, but have decided to still post this post as my follow up might be a bit different.
So we have 1 million pounds in liquid cash, minus the investments so far:
£1.000.000,00
£257.750,00
Total cash available as of July 2020 (if guestimate of expenses are correct) £742.250,00
If these numbers are correct, then we have plenty of cash for further investment in our assets.
I personally hope that those investments will be related to gold exploration in the Paterson region in Australia.