nice post by research5 Jun 2019 09:26
Now, what do you think is the gross value of a 1% stake in UOG, 19.8% stake in Sunshine Minerals, 4% stake in Human Brands International Inc., 5% stake in Brazil Tungsten Holdings, and a stake in excess of 50% in Oyster Oil and Gas?
Well, if I were to tell you that the gross book value of those assets equate to circa £14.5m you’d probably charge me with irrational exuberance having unduly boosted the company’s investment case.
Alternatively, if I told you that at 0.0020p, 5X today’s closing price, the company is valued at a paltry £9.7m you might, quite rightly, sit up and listen.
Better still, when I tell you that, should Executive Director Donald Strang get his way and prove-up the Djibouti and Madagascar blocks within the next 6 months, Gunsynd will likely sport a valuation in excess of £75m, you might bark the unsavoury but apt remark, “What the ….!”
And so you should.
The stark realisation of the fast-approaching inflection point (the June 07 2019 transfer of Oyster Oil and Gas’ spectacular assets to Gunsynd) has not only brought to the market’s attention a company that had, until this point, largely flown under the radar of even the most avid follower of the small-cap sector, but is also a strong indication of what is to come. Thus, the potential upside currently being sported by Gunsynd is substantial.