HH not buying any speaks volumes for how confident he is in GUN's investments, maybe he needs to go, too much damage done here now and if Fastbase turns out to be a scam, the big question will always be - how did the two parties come to meet ?
Have to agree with PennyDealer, unfortunately I'm yet to see a Fastbase release that isn't self written but all this highlights the real problem, talk on this forum seems to constantly be about Fastbase (a company that GUN have not put money in) If people had something of substance to discuss regarding GUN's other investments then maybe Fastbase wouldn't be mentioned so much.
Could our UOG investment combined with rising oil prices and their scheduled drills give us a much needed boost here ? Seen as UOG is a real company with a management team that have a strong background ? How about UKOG, some seem to think its overpriced for its assets when compared to other oil plays but the hysteria often associated with that share could see it once again spike up to levels that would value our investment in it higher than our MC.
Don't know to be honest ? Just trying to look for some positives here, while I like the thought of the exposure to the Soloman Islands Nickel play, that investment now appears mired in controversy and operating in that area (location) doesn't come across as straight forward.
With regards to the Fastbase listing, I'll believe it only when I see it. What's the crack with Oyster ? As they were the initial prompt that sparked my interest in GUN but the company seems dormant.
As for Sunshine, I know the MNC deal fell through but I've been keeping an eye on Axiom and their Isabel Nickel Project, who have set themselves a December deadline to start mining as they have been granted all the necessary licenses. My thinking was, with the global demand for Nickel outstripping supply due to its use in battery technologies and the region showcasing its favorable position towards the mining of the land - hopefully someone with more clout than MNC could come along and buy out Sunshine thus releasing some value to wearied GUN holders.
Although, on the first decent rise most will probably scramble for the door, if they've been sitting on a loss for so long.
Metminco have completed a placement and raised $540,000 before costs, the money will be used primarily to advance the Company's Quinchia Gold Project in Colombia and the Jejevo Nickel Project in the Solomon Islands. The placement was at today's price of 0.4¢ (no discount)
Metminco has commenced due diligence on the acquisition of Sunshine Metals Ltd which holds 80% of the Jejevo Nickel Project (Jejevo) on Santa Isabel Island in the Solomon Islands.
There's currently no shortage of irons in Gun's fire.
Not directly related to Bushveld but this is an interesting article on the future of blockchain-enabled clean energy in Uganda, CleanPath Emerging Markets Uganda (CPEM) partnering with the Ugandan Government and the Ugandan Ministry of Energy and Mineral Development for a $1.5 billion clean energy program sounds pretty big.
Solomon Islands Minister for Mines, Energy and Rural Electrification Bradley Tovosia is all for a bit of Nickel mining in the Soloman Islands, he's recently fully permitted Axiom (ASX:AVQ) to commence mining of the Isabel Nickel Project (San Jorge).
He said "The Isabel Nickel Project is to be an important part of our economy, and it's exciting to see real production now moving forward for everyone's benefit."
If Sunshine are able to gain a mining license maybe the $MNC deal will be good to go.
Yeah and unfortunately we've got Fastbase fleas, what a debacle. I thought we might have had an update on Sunshine Minerals by now saying that the loan notes have been converted and we now own 20% of a company that might actually start mining some nickel in the Soloman Islands, unless they're just another shady outfit living off the back of some old Sumitomo drill results. The bid dropping under .025 the other day was a real slap in the face, when is the Gunsynd rerate going to happen exactly ?
It's going to take more than a new haircut, a selfie in Canada shared with the PR team via Facebook and a few Canadian exchange 'whispers' on Twitter to get this share moving.
If $Dala is an integral part of the Block Commodities vision and the pilot project is due to roll out in Uganda, then don't expect much to happen yet seen as though $Dala aren't even fully up and running there, with very limited cash in options, as far as I can make out - no cash out and a network that has to be taken down frequently for testing and fine tuning.
We had an RNS on the 14th March that Block Commodities Limited had entered into an agreement to acquire a strategic 21% equity stake in VIPA Holdings the South African fertiliser wholesale distributor, has it already or will this acquisition actually happen or is it just an agreement ? Because according to David on Telegram, the Ugandan farming season starts in September and things seem to have gone pretty quiet recently.
Yeah and what ever happened to that Alex Lightman guy ? Haven't seen or heard much of him recently to say he was on Proactive Investors touting himself as the project manager of Block Commodities, or did he just come over here and put his name to a few things for cash, what's the going rate for allowing your name and face to be used on a whitepaper these days ? Nubicoin???? lol alright then.
Without scrolling back through the comments, I don't know if this has already been mentioned but I was unaware that Guy Halford-Thompson, a co-founder of BTL has resigned from the Board of Directors. He's also been selling shares, on the 2, 3 & 7th of August, 76,250 shares at prices ranging between $4.14 and $4.63 per share, trade total: $322,188. If I've interpreted the disclosure correctly Guy is now left with 6,100 shares.
Hugh Halford-Thompson, has sold a few also, 28,750 shares at prices ranging between $4.10 and $4.20 per share, trade total: $119,338 but still retains a considerable holding of 1,172,750 shares.
It doesn't look like Guy is envisaging BTL becoming a Billion dollar company.
Does anyone know how many GUN shares were being held with Beaufort ? Because on the Gunsynd Investor presentation (Jan 2017) It states, they were holding 610,364,228. When were Beaufort declared insolvent ? Early March, when GUN was 0.05. Could the Beaufort saga effect Gunsynd ?
Maybe Proactive Investors can interview Michael Wood again so he can explain what's happening with Oyster Oil & Gas and why they sp is languishing down at $0.14CAD, he was certainly talking a good talk last year about Oyster's world class Djibouti & Madagascar projects, Oyster listing on Aim and even some drilling by the end of 2018.
Taken from an old article; "Sumitomo Metal Mining (SMM) has withdrawn its nickel exploration in Solomon Islands because of slumping nickel prices and the loss of a legal dispute over mining rights" Has Sunshine Minerals been involved in any rights issues with Axiom ? And if so, have they been resolved ?
As for the slumping nickel prices, isn't nickel becoming an important metal for use in the EV and battery market ? https://twitter.com/OliverNugent/status/1026385279861514242