Member Info for Fukurokuju79

Hear??? HERE doh!

Lol. I am bullish hear short term also, and added several tranches today but your last two posts Stretchum....they are ballsy claims lol. Especially given the time of day.

Agree. My first buy in last week was too high so thats impacted my average but I have trebled my position this morning. So still in a loss, but I think will be level in short order.
Makes so much more sense than selling at just under 50% loss.
Risk here is minimal and upside short term is significant imo.
Would have preferred no placement news of course, but have to play the hand that's dealt and it may be a blessing to have opportunity to average down significantly. GL.

Yes that's true. Odd wording of the rns then. Assist in progressing 'possible' investment opportunities.
Could have been written before the approval which wasnt certain at the time but not sure.
Ah well, time will tell. Hopefully share price will start to rebound later today.

I think the placing monies wont go to the new GUN asset. I think they have eyes on seyhing else as per RNS today, 'This Placing is, inter alia, to raise funds to assist in progressing possible investment opportunities that the Company is currently looking at.'
However we also know they are already in discussion to finance development of the new asset obtained from Oyster).
Certainly plenty of news flow to come and also the value of the new asset will be reflected when the initial activity dies down.
Wonder if they may look to farm out the new asset?

Eyeguy more than 500k in bank will be closer to 1 million as they sold UKOG interest and shares so already had cash in bank prior to raise via placement.

Eyeguy more than 500k in bank will be closer to 1 million as they sold UKOG interest and shares so already had cash in bank prior to raise via placement.

Same, took opportunity to take my average down. I hadnt envisaged this scenario today but having given it some thought it makes sense as
A) the asset was signed over so no risk and lower price. The asset still needs to be reflected into market cap.
B) its basically like being offered a part of the placing lol.

Also I suppose the other good thing is the placing cteates a safer support area. That said, my average is higher as my first buy was poorly timed.

Further testing is on going.at present and the company will update regularly....lol, i suppose regularly is subjective.
That said I like the twitter ramp from them. Certainly suggests continued positivity.
Hopefully an rns soon, as part of the regular updates.

If its valued at that when listing, and that's what people are paying I say hurry the f up and sell the lot bcn. Peter you listening? make us rich and end this lol
I try not second guess it Tomcat. The current mcap of bcn tells me not a lot is common sense atm.

I bet you have right tomcat?
To be honest would be too many assumptions and ways of trying to come up with a value.
What I do know is, it would prove how insanely cheap and undervalued BCN is at the moment. I mean if you simply compared the asset size and the current position of the Sonora project.
Technically the 50% remainder option for zinnwald will cost £26-£27 million to acquire alone. I suspect PS has offtakers up his sleeve though or very close based on the type of product and the way he smiled in the proactive interview the other day.
Just waiting for it to unfold now, hopefully soon, so we can get to something that resembles what the value should be!

https://uk.mobile.reuters.com/article/amp/idUKKCN1TA04R

I don't believe not hearing means anything. Like any news it needs to be released officially and being sensitive they will be being careful.
The meeting was in Vancouver but the exchange is Toronto, which is 3 hours ahead. I think its as simple as the news (whatever it may be) hasn't been released, rather than the fact it hasnt been released meaning anything.
Its quite possible we will hear until very late Monday. UK is 5 hours ahead of Toronto. I wont be anxious if we dont have news first thing on Monday. Just need to let the news through official process.

Thats a very old presentation. As at q3 2018 significant shareholdings were:
Michael Wood 14%
Gunsynd plc 5%
Polemos plc 4%
In my opinion I think they all would be voting in favour. Allso IMO most PI's wont have bothered to vote. Only way I can personally see a negative outcome is if PI's came together and did a mass organised vote against.
That said, I dont understand why they would. As voting against would be worse for them as per earlier posts.
Like I say, I wont count my chickens here but my personal opinion is I wont be losing sleep worrying. I think it will be confirmed. Nothing we can do now either way

For sure Eyeguy. With financing to enable advancement that will add value too and could be some nice (hopefully quick) follow up news. See how plays out and decide from there.

Canadian dollars, not USD

Its also referred to in the oyster q3 2018 corporate report. Executive summary, slide 3. Market cap of Oyster $20 million. So about £11-12 million pounds (based on current exchange rate).
Anyway, its all subjective but I believe we all agree its not factored into the current GUN share price.
What asset value we all assign to it individually is irrelevant. Its what the broader market want to value it at, not us.
In my opinion its about £2-3 million at the moment. So about 100-150% greater than todays share price. Thats just my view.
Happy to listen to others here but we dont have to agree or change each others minds, just need to listen.
Anyway all the best. Hopefully hear monday but suppose depends when the news is announced on tsx. It may be we do not hear until later in day or tuesday, thoughts?

Adds a few hundred k on today's market cap? I think more but am I misinterpreting your post eyeguy.

2d seismic and geological fieldwork & mapping has also been completed since which fed into the stoiip estimates of billions of barrels.
So yes its not 'proven' resource but it was good enough to give Oyster a mcap of around $20 million bucks beforr they fecled it up chasing listing on lse etc.

That's not true about the shareholder vote spike. Our resolution is number 6 of a about 9 or 10. Read the material. They are voting 'To approve the disposition of all of the outstanding share capital of the Company’s wholly-owned subsidiary, Oyster Oil & Gas Limited, in settlement of certain indebtedness owing to Northbay Capital Partners Corp. and Gunsynd PLC (the “Settlement Transaction'.
They are also voting to approve a name change and share consolidation etc.
Effectively, the shareholders best chance of remaining a going concern is to vote in favour. Its not the same outcome whichever way they vote at all.
As we have all said nothing is guaranteed until its confirmed but I believe its very high probability of approval based on my own research.
Regarding the asset not being proven. That may well be the case but a prospective asset, with that history, has a value much higher to GUN than the debt was amd that isnt in the price here yet.
Re advfn posts, they are nonsense. Most of the discussion (if you can call it that) was from account created last night.
All imo.