Member Info for MadChatter

I imagine they will rns on tsx 11pm UK time Sunday? As tonight would be Saturday morning for them and doubt their rns system works like that?

That will certainly be good for underpinning the price.

Agree. Getting the asset, then news in a few weeks of funding partner, then seismics plan etc, very easy to prove this asset up in a few short months, and mcap £2m would start to look like bargain of the century!

Projected profits 5 x current mcap!? Wow

(not mine, but a good post)

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 0.0020, 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..!" Which they have made very clear is their only focus right now.

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.

Third party fund raising does raise the potential for a farm out for northbay. What do financiers know about drilling anyway, and they are the majority holder!? Did I read BP are next door?

Also, Oyster may not be a goner yet. If they ditch this overhanging liability in their balance sheet they might have sufficient other assets to warrant coming out of suspension if they get further funding. I don't know what other licenses they have BTW, just musing.

You are entirely missing the point penny.... If shareholders don't vote in favour then Monday the 65% holder of debt (and gun) will call the debt and start the process to liquidate their company. Why would they vote yes!? There is no time to sell this asset to anyone and their bod have already conditionally agreed.

A company with 35% of a $10bn estimated oil in ground, plus all the other investments is worth a damn sight more than £3m. Regardless of exploration status. See what tomorrow and Monday brings. You do have to wonder why people who already sold suddenly then come here to tell us we're doomed!

From oyster shareholder perspective yes they lose a long term asset but immediately wipe out an immediate liability. They don't really have a second option, as if they vote no they will basically be delisted and liquidated, and we'd probably still get the asset anyway.

So you are saying you know better than a company who would take the asset instead of cash?

You are right, it's a very compelling reason for their shareholders to vote yes.

I am reading this as you all are, that we will own 35% of the asset, theoretically. My question to hamish would be whether they have an agreement or option in place with northbay to acquire the other 65%?

Does anyone have hamish email?

OK so this doesn't exactly clarify it. I'm going to need to email them

Apparently they have trued, and no buyers. Hence I was pondering earlier some reasons why. The main point to consider is this. If they could've sold their % to pay off gun, I'm sure they would have. But they have not. And we have reached agreement with their bod. Sure shareholders of oyster could vote no. But they will be diluted a lot to raise the cash needed to pay us, for an asset they are doing nothing with! They would have no choice, as if the shareholders vote it down I imagine we immediately take them to court, and they would wish they'd just given it to us then! Haha Remember that for this to be developed its not just this £850k odd, it will be a lot more money they are forced to raise in the future to develop it.

I've been thinking that maybe oyster having us as a joint partner has been what's put off buyers/ farm in? That there is just not enough left for them if they farm in, and not enough % for a super major to take a look? And I don't know the contract but maybe gun always had first refusal?

@Rnorth

I think David Lenigas was on the board of GUN many moons ago? If not, these businesses are all very closely linked. He has a lot of shares here anyway.

That does make me smile, he seems clueless on the reason for the rise but presumably is a large shareholder?? It doesn't look like he's even aware of the equity for debt swap!?

Anyone in doubt, read what Eyeguy just posted. Then read it again. Then read it again!