Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Will do mate.
My 4 holdings now include
Greatland
ECR
Wishbone
Gunsynd
The last 2 were more speculative purchase to begin with. But the more I’m understanding the plays going on, and different projects, My investment is Gunsynd may turn out to be my best one to date.
Il check the other links out. Appreciate it again.
@AG check my earlier posts with links to DLs musings and Artemis ARV presentations when they were going to buy Rincon, but decided not to when GGP Haveiron discovery news hit and they wanted to concentrate on their own existing licences. GUN stepped and bought into Rincon on the cheap ... inspired move. Full Rincon licence details, NCM drill details et al are all included.
I'm going to crunch some numbers on forthcoming Rincon IPO scenarios given GUN existing shareholding and large cash pile of £750k now almost a third of its £2.48m MCap ... laughable but in a good way for existing PIs.
I’ve only just opened the link on FB on DLs thoughts on Gunsynd
Extremely interesting, just a waiting game for the Rincon IPO. Can’t find anything on the net.
Holding in Rincon @28.4% Pre-IPO with £750k cash in the bank to pickup additional shares at IPO to keep above 15% as Peter Ruse stated in recent PodCast is exciting given Rincon's proximity to NCMs Telfer & GGPs Haveiron in WA.
Rincon cost GUN 'only' £138k @22/23-Jun-20 RNS & GUNs is £2,73m MCap ... now that is REALLY exciting especially when you consider Rincon's neighbours Greatland GGP MCap is £871m & Artemis ARV MCap is £96.2m
Gunsynd amazes me every time I read into it aprogerson
A 2.million m/cap. That’s insane considering it’s current investments. Rincon alone, any kind of strike or discovery in the Patterson region, surely this will multi bag Many many times. Very excited for the next few months ahead and beyond.
All resolutions passed at Malachite GM so they will acquire Solomon / Kolosori through share swop - expect an RNS soon that we now own shares in Malachite listed on ASX & up 16% overnight ??
Apologies incorrect link ... try
> DL facebook post & his views on GUN & Rincon strategic shareholding @13-Sept-20 https://www.facebook.com/592798661/posts/10160216264158662/?extid=wN9HETjioeKU4kiL&d=n
@AG if Antipa and Artemis had dual listings on AIM I think there would be a lot of interest. David Lenigas (love or hate him) he was Chairman of Artemis (ARV) and knows the area and history well. He publicly stated he owns shares in GGP and ARV amongst others and is an Aussie mining cheerleader.
> DL facebook post & his views on GUN & Rincon strategic shareholding @13-Sept-20 https://t.co/JqKcxNoSQ1?amp=1
> DL Proactive Investors @21-Sept20 GGP, Artemis and GUN (from 08:00/11:00) https://t.co/14NX6hdyrj?amp=1
As always DYOR, but if you are invested in GUN IMHO you really need to read/listen to this stuff all now in public domain if you make the effort to track it down ... it is enlightening what GUN is actually sat on at ASX pre-IPO stage with 28% RINCON holding!
GLA APR
Yeah my only other position outside of mining is Nio in the EV sector. Already multi bagged a couple of times but happy to hold this one for years.
A lot go on about “the next GGP”. I’m not sure if there’s a company around that will give the returns Greatland has, but there are still success stories to be made. OMI looks tasty to get into if PIs are looking for an entry. Short pullback to mid 30s but can see it taking off.
Some of these licenses do look exciting. Artemis has been on my radar as well as Antipa but I can only purchase them on ii.
Il be waiting for the
Scallywag RNS
Latest Havieron results
Goliath drilling
MRE
Before I reassess my position in Greatland. Still quite a journey ahead for investors. Il then use profits to add to my positions in OMI, GUNS, ECR and potentially WSBN. But no more than that.
Fantastic news on your top slicing and the price you entered with regarding Greatland. It’s transformed the finances of thousands and patience has paid off.
Best of luck moving forward.
@AG If you are interested in GGP story look at early investors and what happened when Newcrest walked funnily enough to work with OMI in South America (how they must be kicking themselves now!). SP tanked and lots of PIs sold out circa 1p or below before NCM came onboard to extend life of Telfer processing previously mothballed back in 2009 when they ditched all their Pilbara licences. The very same Copper/Gold licences now picked up by Greatland, Artemis, Rincon and a host of others on the back of drilling data from historic NCM campaigns.
APR
@AG I was very fortunate and got into Greatland early at 2.01p and top-sliced at 23p so naturally very happy as I still retain a GGP free ride and ability to chase some new rainbows including here at GUN as my focus remains leveraged early stage Copper / Gold /Silver opportunities.
ATB on your journey. Always do your research and manage your risk!
APR
Yeah I totally agree. Always good to fully understand where your investment and capital is.
I’m fairly new to all of this but Greatland has me hooked. It’s important not to just jump on the band wagon but do your own research. Understanding company finances, market caps, affordability and obviously what investments and projects they have on the go
I have a small position in ECR and OMI as well as Gunsynd but GUNS look like they have a strong news flow on its way, as you have mentioned. Il keep my eyes on this one very carefully and hope Rincon soon appear on the ASX IPO page. Any indication when this will take place ?
@AG It's time consuming but well worth the effort for me to understand & confirm why I decided to invest and just as importantly why I wish to stay invested and over what timeframe.
For me this is a medium risk (low MCap and high cash / NAV cover) but potentially very high reward conviction investment over 3-6 month window for 2x IPOs to conclude and then I'll reappraise.
Everyone to their own & feedback always appreciated
APR
Excellent post aprogerson
Just good to lay it out on the table the individual investment and interests Gunsynd has
I’ve been holding for a long time.
Ridiculously low market cap and at just over 1p a share I’m hoping for many happy returns.
Rincon IPO news long overdue, hopefully we’ll see movement before 2020 closes out.
Cash = Inferred £575k (PR stated £650k cash on 5-Oct-20 Podcast -£75k EM2 @14-Oct-20) available to deploy vs. MCap = £2.73m of which 21% is cash and assets valued at £2.16m @16-Oct-20
Assets
• Rogue Baron = £500k loan note @02-Jul-20 RNS
• Rincon = 28% pre-IPO cost £138k @22/23-Jun-20 RNS
• Angold = 1.13% pre-IPO cost £165k @30-Sept-20 RNS
• Eagle Mountain Mining = 1.8% value £578k @16-Oct-20
• Dubai oil licenses = £0k Historic RNSs
Total £2,381k value vs. £2.16m from MCap minus cash at hand or at 91% implied NAV
Expected & overdue NewsFlow:
(1) Rincon IPO & news on South Telfer targets & drill programme progress for IPO then 28.3% @pre-IPO is good news plus BoD stated will look to invest further at IPO to maintain target 15% holding
(2) Angold IPO and valuation after further GUN investment
Commentary
Rincon IPO & Hasties project is likely to be a company maker given success of GGP 40km from Telfer with giant Havieron Copper/Gold find especially as historically Newcrest drilled over 200 holes for 22,000m . Extensive high-grade gold and copper exploration reported see Artemis RNS (did not finalise Rincon acquisition & GUN stepped in) https://www.artemisresources.com.au/index.php/investors-relations/announcements. :
Gold intercepts:
o 57.80m @ 2.05g/t Au from 17.40m including;
o 16.10m @ 4.75g/t Au from 42.70m;
o 68.00m @ 1.33g/t Au from 1.00m;
o 36.00m @ 1.66g/t Au from 2.00m;
o 33.20m @ 1.46g/t Au from 25.00m;
o 23.00m @ 2.06g/t Au from 23.00m; and
o 5.00m @ 3.73g/t Au from 50.00m.
Copper intercepts: o 20.60m @ 1.23% Cu from 87.60m;
o 10.90m @ 3.39% Cu from 91.80m; and
o 4.00m @ 4.84% Cu from 49.00m.
The bit I love about Hasties project is that it is NOT under 400m cover like Havieron, but looks highly suitable for open pit operation with frankly excellent Copper/Gold grades and long intercepts. I have no idea why NCM is not all over it to improve Telfer profitability in the short term especially as it is 12 km from Telfer!
If Rincon can prove it up a bit more, agree a NCM JV and Telfer tolling then AISC will be very low and Capex will be tiny for camp, road and low cover removal with short mine build timeline.
DYOR & commentary AIMHO
APR
GUN is an investment company looking to acquire strategic stakes, grow them, sell some/all ... wash & repeat
Angold (TSXV pre-IPO) Status: Await IPO to TSXV, timeline undisclosed
• RNS 30-Sept-20 Gun acquired via RTO of ZTR previously on GUNs books (462,500 shares) at NAV=£0 plus £58k (250k shares) extra at Capital raise for total of 712,500 shares in Angold
• Derado, Chile and Iron Butte, Nevada projects combined =1Moz Gold (PR implied US$75/oz value = US$75m)
• Derado = 15km drilling with Gold intercepts of 261m @0.9g/t and 192m @0.72g/t. Infill drilling required
• Iron Butte = lots of drilling Copper / gold resource ... no details
Likely to IPO @MCap C$25m and C$0.40c so 712,500 shares Cost £58k vs. value £165k for 1.13% at IPO
Rincon (ASX pre-IPO) Status: Await IPO to ASX, timeline undisclosed & project update/s overdue
• RNS 22/23-Jun-20 Cost £137,500 for 28.5% holding pre-IPO
• Historic maps and details of 22km (200 holes by NCM) High grade Copper/Gold when Rincon was optioned to Artemis https://www.artemisresources.com.au/index.php/investors-relations/announcements. Ownership of Rincon’s previously declared Westin tenements SE of Telfer unclear
• RNS 26-Aug-20 Rincon Resources Operational and Corporate Update
(1) South Telfer, Pilbara, WA flagship Hasties Copper/Gold project @50k hectares - 12km south NCM Telfer plant.
• Survey data target generation expected during Sept-20. Leapfrog models refined & work programs and budgets WIP
• "Rincon is aiming to commence a trial of Ultrafine soil sampling over selected targets in the next 6 to 8 weeks."
• "Rincon is working to be drill ready". Works programme, Industry Regulation and Safety now approved. Native Title and Heritage clearances yet to be completed
(2) Laverton project – Hi-Res magnetics done. Plan to roll out the geochemical program to define drill targets for Q4 2020 drill programme start.
(3) Kiwirrkurra Project - Target generation is planned to commence with initial historical geophysical data review.
Eagle Mountain Mining (ASX:EM2) Oracle Ridge, Arizona is a high grade, advanced stage underground Copper/Gold/Silver project with NI43-101 11.7mt resource grading 1.57%Cu, 17.47g/t Ag and 0.18g/t Au.
• RNS 22-Jul-20 = £110k cost initial investment 1,538,462 ordinary shares at A$0.13c
• RNS 21-Sept-20 = £75k further investment 608,043 ordinary shares at A$0.22c
• RNS 14-Oct-20 = £70k further investment 416,667 ordinary shares at A$0.30c
Sum shares now 2,563,172 for £255k cost and valued at £578k @SP A$0.41c
Dubai Oil licences – via Oyster Oil & Gas & ownership presumed @nil value
Rogue Baron spirits - Gunsynd's £500k convertible loan (12% interest pa) & repayable on 31-Mar-21 & can be converted at any time at the election of GUN into ordinary shares of Rogue Baron. RNS 2-Jul-20 novation of loan note from Human Brands to Rogue Baron.