Member Info for shelly123

Just seen there was a TR-1 Notification. Interesting!

I think this share has huge potential. Zak Mir has said multiple times that on a technical level 1.8p is the first target.

On a fundamental level though there are so many positives:
- Gunsynd have approx £800k cash
- Tiny < £3m Market Cap
- Gunsynd own approx 28.4% of Rincon Resources
- Rincon are looking to IPO on ASX which according to Director David Ruse could yield multiple X return.
- Big players Newcrest Mining and Greatland Gold (GGP) in the same Western Australia province of Paterson as Rincon Asset
- Gold price at all time high.
- Drilling to start at Eagle Mountain anytime soon.

So on Paper there appears to be a lot of upside and 2 exciting assets (Rincon/Eagle Mountain).

*Please do your own research, this is just my opinion and not financial advice.

Sources:
Interview with Peter Ruse: https://www.youtube.com/watch?v=zNEqMbIcnpI&ab_channel=ShareTalk
Article on Share-Talk: https://www.share-talk.com/gunsynd-gun-l-thoroughbred-mining-investments/#gs.fqm553
Proposed IPO: https://www.morningstar.co.uk/uk/news/AN_1598450421737543700/in-brief-gunsynd-notes-rincon-progress-on-projects-and-australia-ipo.aspx

Just added another £5k and £3k worth at 0.15 ish, bullish on this and Copper-Gold in general, 0.2p target short term but feel it could push much higher with news. Feel this has decent potential upside at current sub £5m Market Cap.

All in my opinion, do your own research!

? £60m cash - Yet £15m Market Cap
? April & May Strongly Cash Generative, (April £7.4m, May £17.2m)
? Current collections 86% of pre-lockdown levels
? Highly Experienced Management Team
? Expected increased in demand for Non-standard lending as mainstream lenders tighten credit
? Competitors have withdrawn

Risks
- COVID-19 creates uncertainty over income (loan volumes) and impairments
- A more severe downturn could see further financing covenants breached

Source: https://www.hardmanandco.com/wp-content/uploads/2020/07/NSF-June-2020-results-13-July-2020.pdf

Took a £10k punt with AMGO profits, and tempted to buy more if it dips any further, this feels undervalued at the current market cap. All imo, good luck and dyor.