Member Info for keep_calm

Rincon up 11.1%
Charger up 9.4%

GUN ask moved on hardly anything. Book looks to be much better and I expect it to continue in anticipation of some upcoming IPOs including Low6, Anglo Saxony mining and MTS. Looking forward to a much better 2022 in terms of the share price here.
GLA

There has been a fair few placings but with £1m cash in the bank not sure there will be one that soon. We will see but with £2m profit and assets worth around £5m it’s certainly a good buy in price. Good luck.

Unfortunately that was Rincon Mining in Argentina not to be confused with Rincon resources in Australia. However if you look at the assets Rincon have they are in the most sought after gold mining post codes in Australia so there could be something similar there in future. The results so far have been promising but they could quite literally strike gold soon. As Nathan says gun hold 17% so any success there will be reflected here quickly. No doubt this share is unloved at the moment but I have big expectations over the next 6-12 months and we will look back and say we wish we bought more whilst it was so cheap.
ATB and Merry Christmas!

They will do mate. The ASX is in a bit of a pickle which happens to be where our investments are. Once the Ozzies sort their covid situation out we will see a bounce in their markets and hopefully a bounce for gun too. I’ve added this morning, I’m taking advantage of these silly cheap prices.

Low6 is what will get gun back to fair value. Looking forward to the long anticipated ipo :)

I agree. Share price is absolutely abysmal. We all know how quickly things can change though. As painful as it is we have to hang in there, the results recently announced were excellent if you sell at this price now you are getting seriously mugged off.

Excellent

There has been no formal announcement but there has been a few hints by the low6 ceo Jamie Mitchell posting pictures in New York maybe alluding to a listing in the states but who knows? I’m sure all will become clear but the fact gun have shares as part of the pre ipo funding is good for them and when it does finally ipo I see it going orbital with the hype.

Great results. Share price should be at least 50% higher.

I gather from what I’m hearing including the recent interview that there will be a dual listing. Probably ASX and possibly Nasdaq

I agree. No idea why someone would sell after only 24 hours at a fairly big and silly loss. Maybe they were spooked by this new variant which is understandable but experience would have taught them to not panic. Fact is that we are very near the bottom here. Like you say the NAV is a lot higher than these levels and the company is well cashed up which Ruse confirmed hasn’t changed up to the present day in an interview with Zak Mir.
There is serious value at these levels I expect others will jump on when we get some more positive news from our investee companies.
Unfortunately it is a bear market at the moment but once the tide starts to turn in all markets it will reflect in the share price here too. Would be handy to have a load of spare cash for picking up any bargains!
GLA

Looks like MMs played on fear and managed to steal some cheap shares last week. They have put the price back up on a few buys. Strange it’s still hovering under a penny after those results last week.

Interestingly Rogue Baron director has bought more shares at almost double the open market price which tells me something positive is going on there. GUN holds around 20% of the company (about £1.4m worth) so could be very rewarding for shareholders here.

GLA

Decent volume this morning. Hopefully we break resistance today and get back to something like fair value which I see way north of where we are currently.

Charger hit 57 cents on the ASX which is 3.5 bags on the $480k Gunsynd invested. We own 7% overall at an average of 13 cents. Lithium stocks are extremely bullish at the moment and no doubt this will keep going. Still a very small market cap so I can see many more bags here. Another example of why the GUN share price is a complete joke at the moment. Just need Rincon to gain some traction and the Low6 ipo to land and I can see our NAV rocketing north of £10m+ in no time.
GLA

Another valuable contribution. Cheers Woodlaker!

I’m not sure what people are wanting from the board at this moment in time. They are an investment company so they can only really announce any news from those companies, which they have done. Unless you are expecting them to start ramping on nothing? Lots of news to come from Rincon, ipo from low6 and MTS as well as the other investments Gem has mentioned below. I agree the sp is disappointing at the moment but it’s the same for small caps across the whole market. A shift in sentiment will come eventually and I wouldn’t want to be out of this when it does.

Excellent post. We’re in very oversold territory. If anyone had any doubts about this investment they should look at these figures. Lots of derampers out in force but people don’t deramp unless they want in cheaper usually.
Patience will pay here.

Holding 1.5m of these now after adding another 300k this morning. Absolutely bargain and golden opportunity to buy at these levels. It’s wise to be greedy whilst others are fearful.

I agree but this is an investment company so news can only come when there are updates from those. Sellers are just taking a chance that they have time to buy back in before news comes on Rincon and Low6. Let’s face it there are some solid investments here but those two are what will really get PIs excited. Best to just take advantage of the current bargain share price and load up as much as we can whilst we wait for news to come.

@pennydealer you seem to have a vendetta against this company. Some of the shares right now cannot be cashed in you’re right but that doesn’t change their value. Meaning GUN is currently valued at less than its NAV. Eventually once all their shares in investments can be sold they will be for a very nice profit. No need to deramp at these levels it’s already cheap enough.