RE: NT to buy @ 0.95p30 Oct 2021 18:31
Just thought I would do a basic summary as things stand.
Listed Investments value(£4,699,460)
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£757,739 (0.155 bid) - Rincon (8.9 million shares)
£1,292,613(6.00bid) - Rogue Baron (21,543,563 shares) + £111,644 CLN
£940,801 (0.685 bid) - Eagle Mountain (2.5 million shares)
£850,429(0.430bid) - Charger Metals Limited (3,600,000 shares)
£200,000 ( 2p bid) - Oscillate Plc (DiscovOre) (10,000,000 shares)
£104,390 (0.295 bid) - Empress Royalty (600,000 shares)
£313,488 (0.12 bid) - Pacific Nickel (4,755,597shares)
£240,000 - Oyster oil and Gas ( Sale of all shares for £260,000 of which only £20,000 received – delay due to Madagascar licencing – possible right down
Unlisted Investments current values unknown
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LOW 6 - 6667 shares at cost of 200,102 (£30.00 per share) plus a further investment of £65,000 via convertible loan note.
The initial investment was in Dec 2020 and part of a £1.5m funding round of 50,000 shares and at the time of the investment it was stated the Low6 had raised £8m in total (including this round). It was stated that an IPO was expected sometime in 2021.
Feb 2021 update advised that the IPO fundraise was being extended to allow a ‘very well-respected figure in the world wide gaming industry” to invest a significant sum, but stated that the IPO was still o n track for 1st half 2021. This may or may not be relevant but as shown at Companies House on 22 May 2021 Walter Giacomo Bugno became a Director of the company. Walter Bugno was (up to 14th may) Executive vice president of new business at international Game Technology (NYSE: IGT) Market cap $5.9B. In April it was confirmed that the individual had joined and the pre IPO funding was complete and the IPO was now scheduled for the second half on 2021, but since then we have heard nothing
We do know that the business is growing very quickly. In April they had 122,000 users and by August (4 months later) they has 250,000.They have now launched in the USA and appear to be making significant inroads there (which I assume is the reason for the delay)
As far as market cap is concerned, that’s anyone’s guess. Companies house filing shows the list of shareholders which totals 567158 shares allocated of which Gun has 6667, it also shows Mr Akers with 25118, as well as Pires investments etc
Note: Peter Ruse (GUN Director) also personally subscribed to 916 shares (£27,500)
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