Assets of 2.4million and cap of 696k. So upside i suppose from here. The one thing i suppose will pose interest is :
Oyster's production sharing contracts in Madagascar and Djibouti are held through Subco. Northbay and Gunsynd are currently in discussions with a third party to raise money for the Subco to progress further work on the Madagascar licence. We maintain our belief that this asset has great potential. This change in strategy will hopefully see that realised.
My local Quiz very quiet. Retail at the moment going through a very Tumultuous time. Hoping this goes 20p plus in the short term. There does seem to be some interest in the stock at these levels.
For a market cap of 450k they were looking to hire a production manager just a few months ago. Either restarting the whole operation or a straight forward sale to one entity.
What are the prospects here? They seem to be throwing money at it. Another Rollover today and with a Market Capitalisation of just £450k you'd wonder what is taking so long.
conversion of any debt is at 0.07p minimum. So maybe worth a small punt at around these levels. Whatever may be the case Gunn holds quite a few shares here.