Member Info for EyeGuy

Out. There you go. In black and white. Debt exchanged and gun get circa 30%. (Plus maybe their original 5%?)
Circa 1/3rd or an asset with 12 billion barrels of oil. I’d even a third of that it’s still 4 billion barrels (net if proven)
Mcap £2.5 mill.
Re rate

Just gone over the figures again.
The $1426,500 cad owed to Northbay and gun.
Gun’s £250k is circa 30% of this plus they own just over 5% of oyster.
So as things stand as a total of the debt they should be able to claim 35% minimum.
However GUN have the listing so am thinking of between 35% and 50% of this asset will be owned by GUN.
The asset imo stacks up to anything sub £100 mill mcap imo. 35-50% of this asset imo worth multiples of this mcap
Dyor

Yep. Another strong day I reckon.

My take is the debt would have been called in. Corp costs mean the company’ has to suspend. Then it’s down to negotiation with the creditors. And also the bod would want this to happen to keep their job with subco.
Also Gunsynd are the listed vehicle with immediate access to capital markets so will be interesting to see how this pans out. I do expect a good re rate here.
Gunsynd already in talks with third party for funding. Another good day today I reckon

Simple point. If and when GUN get a large % of oyster, the sp likely will not be at this level.
Why? Because assets like that on aim do not have mcaps of £2.5 million. Simple.
The asset stacks up well compared to anything else sub £100 mill mcap.
People will keep buying the stock because it’s far too cheap for hat it is.
Development concept has this at $10 billion NPV at $50 oil.
If vote favourable every man and his dog will pile in and this could be 0.2p + in a flash
Dyor

Paolo? Boring news void?
You mean a day until news. News likely Friday or Monday.
Is this the void?
Also sou has an mcap of £300 million a few weeks ago.
Mcap here this morning was £1.8 mill.
Big upside here

1.6 billion shares traded. That’s about 40% of the free float.
News Friday or Monday imo

Yep. Great day even though slight retrace. Tomorrow another day and let’s blast past the 6’s

doesn't matter how much the debt is. It would appear to be secured on the assets.
The Board of Gunsynd (AIM: GUN, NEX: GUN) notes the announcement made on 1 March 2019 by Oyster Oil and Gas Ltd. ("Oyster"; listed on TSX Venture Exchange under the symbol "OY"), in which Gunsynd invested £250,000 by way of a convertible loan on 21 July 2017, stating that Northbay Capital Partners Corp. and Gunsynd have reached conditional agreement ("Agreement") with Oyster to settle aggregate debts of CAD1,426,500 owed to them by Oyster in exchange for the outstanding share capital of Oyster's wholly-owned operating subsidiary, Oyster Oil & Gas Limited ("Subco"), established under the laws of the British Virgin Islands.

Third party funding has been mentioned. So looks like all systems go.
Nice try though

Congratulations. Our first deramper. What’s your buy in?
Ha ha

not the top Degsy. 0.20p maybe

nice.

lol. ask and bid up. 0.07's next imo

bidding now well into the 6's. 7's next

£30 mil. possible. that's still 10 x this. Oyster assets are world class. But the way of the world is the debt has been called in and GUN and Northbay get them.

could well double again or even triple before Monday. 10 billion barrel potential. onshore. near coast, cheap drilling. BP next door. £2.8 mill mcap. That cant last surely

think we will see 0.12-0.15 before Monday here imo

Imo don’t give these away. As good assets as you see sub £100 mcap and the mcap gets is just over £2 million.
It will keep going and then some imo

nope. Just look around aim and see how much an asset onshore, drill ready with 10 billion barrel potential is worth, with concept $10 billion NPV.
It aint £2 million. Plus other assets too.