Member Info for SocialistB

It annoys me beyond belief that the BOD constantly are selecting just a handful of existing shareholders to benefit from placings at a discount with associated warrents's attached.

I want to have that option too.

I recommend we all vote NO to Resolution 2 on principle.

Yes, let them raise the money, maybe even more, but we all should have the opportunity to participate on equal terms

Thanks for the link Scotty666. Much appreciated.

Telfer is running dry.
Havieron is at least 2-3 years away from being able to provide ore to the plant at Telfer.

Rincons project at South Telfer has grades from just 1 meter below surface, ideal for open pit mining.

Same day, or at least the day after, all the paperwork has been approved by the officials ore can be transporter to the processing plant at Telfer.
That would tie Newcrest over until they can get the really good grades from Havieron in 2-3 years time.
But any JV with Newcrest has to be on much better terms then what GREATLAND GOLD got.

I'd say 70 percent to us, and 30 to Newcrest.

I’d say, I remain optimistic.

It’s not Sajawin bailing out.

To me, this means, that an extra set of eyes, have looked at the available data, and concluded that this is worth pursuing.

I assume they are still interested, if we can fulfil our end of the bargain.

My understanding is, that ALL, it takes, is for the Government of Madagascar to renew the licence.

They have already agreed to do so, in principle.

So hopefully, it’s only a formality that have to be sorted.

If and when that has been sorted and Sajawin proceeds with the purchase, then we will have to lock in, a significant amount of the payout we get, for at least a year.

And I personally hope that, it will be much longer then that.
Right to the end, that we will become a part of a producing Oil company.

It will take years, but that is okay. Then we have something to look forward to in the future.
Good opportunities, does not just hang as ripe fruit on the trees, so when you find one, it is worth holding on to it.

In the meantime we have Rincon Resources to look forward to.

And Rogue Baron.

And Angold Resources.

And Eagle Mountain Mining.

And a few other candidates on top of that.

I’d say it looks pretty good for Gunsynd in the near future, no matter what result we get from the American election next week.

I am not aware of any myself, only what I have heard mentioned by others on this board.

Part 2

Holding this share, would create immediate attraction from other investors out there, if there is such a thing as cosmic justice, especially at our current low price.

And even better yet, if Rincon Resources sold their assets to Greatland Gold, for shares at this stage, we would get 28% of that bulk.
I cannot think of a faster way to monetize the assets that Rincon Resources holds.

Unfortunately that is likely to remain a dream.
But hey, dreams they are free, so why not enjoy them.

Part 1

Like many on this board, I am baffled that our share price is where it is, with all the potential our assets holds.

But at the same time, I am slightly delighted as well, as it gives me the opportunity to top up at cheap prices regularly.

Having said that though, I would like to see some movement, an upward trajectory, to be more precise. After all, that is why we’re investing / speculating.

Soon, we will find out if the deal with Sajawin is going through, if a further extension is needed, or if we have to start all over with another company.

If the deal with Sajawin goes through, a significant amount of what we’re paid will have to be re-invested into the new entity, and will be locked there for at least a year, but hopefully much longer, as I think it would be great, to remain a partner in that exploration.

The potential upside is HUGE, if everything goes well.
But it is a long play, it will take years and years before the first barrel is filled.

Rogue Baron is taking it’s time. That does not mean, a lot is not happening in the background, because it most certainly is, just take a look at companies house website: https://find-and-update.company-information.service.gov.uk/company/11726624/filing-history

But it still has a DORMANT status, and that is probably for the best in this current climate.
Given the choice, of rolling it out to the public at this point, or later when the world has normalised a bit more, due to either a vaccine or better testing for Covid-19, I know what I would choose.

Rincon Resources will have an IPO at some point, that seems to be the plan. But will it, in it self be what is going to make Gunsynds share price shoot towards the stars?

I am a bit more pessimistic about this, then most it seems.

I cannot help but to think, that since all are in agreement, that this is, what is going to happen, our share price should already reflect that.
But it does not.

Is it because other investors think, it will take 5-10 years before the mine will be up and running (apparently not uncommon in the mining industry)
Or is it because they doubt Newcrest will have the apatite to borrow funds to buy the asset.
After all they have just been given 70% of a world class find at Havieron, for the paltry sum of $65 million.
And they have first refusal to buy Scallywag from Greatland Gold. Which has the potential to be bigger then Havieron.

And this this is exactly why, I think the fastest and easiest way to create traction in Gunsynds share price, would be to invest in Greatland Gold.

Within the next 48 hours, we will have had an update from Newcrest as part of their regular updates to the market.

Within the next couple of weeks, if not sooner, we’re likely to hear some preliminary results from the drilling Greatland Gold is undertaking themselves at Scallywag.

Both are likely to increase the share price.

At least £375.000 was invested in 2017, and from memory I seem to recall more has followed since, but uncertain about how much.

Hi again Aprogerson.

The licenses in question are as follows:

Madagascar Block 1101, which I expect we have managed to maintain.

In the Republic of Djibouti it’s the Blocks 1, 2, 3 & 4.
These will be a positive surprise, if we have managed to keep them.

As to NAV, I have not got an exact number what so ever.

It really is the famous question of how long is a piece of string.

If the sale goes through to Sajawin (ENERGYCAPTURE PTY LIMITED) our percentage of the asset will drop significantly. And our new percentage will become whatever we invest in the new company.

For me, it is not a question about, is there oil present.
I am sure it is there, that’s why I have stayed invested for so long.

The big question is, can the oil be extracted and in what quantity?

And not least, how easily and cost effectively?

So the closest I can bring us to NAV is: X % of Sajawin (ENERGYCAPTURE PTY LIMITED) divided by X amount of barrels of oil produced and sold. (millions, hopefully)
And then you have to add number of producing years and the fluctuating oil price on any given day.

In other words, how long is a piece of sting.
In this case, I both hope and think, it could be very long.

About ZTR becoming Angold, that was and is, truly an added bonus.

We are allowed to be lucky once in a while.

But Scotty666 made a good point when he said that they might have let the Djibouti license lapse.
I seem to recall that there was quite some uncertainty about that license in particular, at one point, but the Madagascar license, here there seemed to always be hope and faith that an extension could be reached.

So now we just need to find a partner, that have the ability to go and explore.

And there has been one lined up for the better part of a year now.

I think it would be fair to say, they would have walked by now, if they had come to the conclusion, that there is not a single drop of oil present.

Question is, can they live up to their part of the deal.

Or do we have to find another partner who can,?

May I suggest following examples:

UKOG
88 ENERGY
RED EMPEROR
TULLOW
PREMIER OIL
ZENITH ENERGY

Any other suggestions?

Part 2

I assume as Mr. Ormerod had done his due diligence on the available data, Gunsynd decided to invest further sums into Oyster Oil and Gas, as in July 2017 they invested a further £250.000.
https://www.lse.co.uk/rns/GUN/further-investment-in-oyster-and-issue-of-equity-4unpcszatzrky6g.html

My take on the original plan was that Oyster Oil and Gas was to list on AIM, that did not happen unfortunately. And quite a challenging period followed.

At least £375.000 was invested in 2017, and from memory I seem to recall more has followed since, but uncertain about how much.

To me, it now seems like we are back on track.

I assume we have managed to maintain both of our licences in Madagascar and Djibouti, (after all it is challenging times and for these governments it might be better with the devil you know.)

Gunsynd will receive £240.000 for the Madagascar licence alone, of which we will then have to re-invest a significant part for at least 1 year in Sajawin (ENERGYCAPTURE PTY LIMITED)

Then there is the potential sale of the Djibouti assets. I assume we still have them, I do not recall we have been informed we have lost them.

But I do not hope, we will sell them outright, I would like to be involved in the discovery of a world class find. Both places.

Oil will still be in demand for centuries to come.

Part 1

There is so much more to Gunsynd, then just mining.

Oil exploration, for example.

And news, could be, almost right around the corner.

No later then October the 30th, will we hear from the company formerly known as Sajawin (recently changed their name to ENERGYCAPTURE PTY LIMITED)
https://opencorporates.com/companies/au/628778861

I expect that the negotiations are still ongoing. They have not collapsed, otherwise we would have heard by now.

Sajawin have been looking at all the data for the better part of a year.

If they did not have faith in the assets or believed that an extension of Block 1101 held by Oyster Madagascar Limited was possible then they would have walked a long time ago.

From:

RNS Number : 0739V
Gunsynd PLC
29 November 2019
https://www.lse.co.uk/rns/GUN/update-on-oyster-oil-and-gas-872j1f5hsojkyne.html

b) In consideration of the sale of the shares in Oyster BVI to Sajawin, it will undertake to pay Gunsynd the sum of A$457,647 (approximately £240,000) of which 80% is to be paid within 5 working days of completion of the Transaction ("Completion") and 20% is to be paid within 60 days of Completion………...

Gunsynd has agreed to subscribe for A$200,000 of shares to be paid for from the consideration set out in b) above. Gunsynd has agreed not to sell these shares for a period of one year following the subscription………..

But this transaction is only related to the Madagascar asset.

On top of this, there is:
“The Production Sharing Contract for Blocks 1, 2, 3 & 4 in the Republic of Djibouti are not included in the Transaction and will be transferred to a party of Northbay and Gunsynd's choosing on or before Completion.” (still from above RNS)

Listen to the enthusiasm of Michael Wood, former president and chief executive, Oyster Oil, why these assets are so interesting.
https://www.proactiveinvestors.co.uk/companies/news/308479/oyster-boss-opens-up-about-world-class-potential-of-its-djibouti-and-madagascar-assets-8479.html

Gunsynd first invested £125.000 in Oyster Oil in January 2107.
https://www.lse.co.uk/rns/GUN/investment-in-oyster-oil-and-gas-jdfhqj3uf4imzr9.html

In March 2017 Mr. David Ormerod was appointed as a Non-Executive Director.

“David is an experienced oil and gas professional who has been involved in public companies at a management and board level for thirty years. He has experience with operations in Africa, Asia, US, South America and Australia where he has been involved in business development, initial drilling through to field development. He is a member of the AAPG, SEG and a fellow of the Royal Geological Society. He adds technical governance and strategy at a critical time in the development of the company. “
https://www.lse.co.uk/rns/GUN/appointment-of-director-4b3t1l9xhe2woi6.html

Hi Aprogerson.

I would be so disappointed if the assets in the former company Oyster Oil and Gas was marked down to zero.

All the efforts of the Board of Directors would either be borderline to criminal activity or sheer stupidity in choosing investment opportunities when it comes to Oyster Oil and Gas.

They have put so much energy and effort into, first researching Oyster Oil and Gas and since turn it around, when things went haywire, that I refuse to believe the above paragraph to be the case.

But there was a RNS, not to long ago, that did scare me, as it could be seen as a forewarning about not getting the hopes up to high in regard to these assets.

Maybe there has been a shift in the BOD's direction of investments, but I would absolutely hate to see the assets disappear for less then we paid for them, at a mates rate, just to find out years down the line that there was bucket loads of oil just waiting to be pumped up.

I mean, that was why Gunsynd invested in Oyster Oil and Gas in the first place.

I will repost 2 posts from last month, telling part of the story, about Gunsynd and Oyster Oil and Gas.

There is so much more to Gunsynd then gold.
It was oil that originally lured me here, and it was all that was talked about 2 years ago.
A lot of research and work was put into that theme by both the BOD and contributers on this board.

And best of all, news are right around the corner.

I both hope and expect to hear a positive outcome before the end of October.

I know oil is down at the moment, but it is therefore exactly the right time to get involved.

The worst thing that could happen is to sell it on the cheap, for a mates rate.

At some point in the future, oil prices will rise again and that means the expenses for mining gold and other minerals will increase.

Being involved with oil is a fantastic way to hedge your income stream ,if you ask me.

Oh, and let's not forget the spirits.

Always in demand, in good times as in bad. (Sadly)

Hi Scotty666.

I have been going over your messages a few times, but can’t really decipher them.

So I will try and make an educated guess.

For me there is a huge difference in calculating the value of our investment versus the percentage of our ownership.

Granted, in the end, it is the value that matters, but we are so far away from the end as can be.
This is just the very beginning, hopefully.

Our 712.500 shares x CAD$ 0.40 = CAD$285.000

If history repeats itself with ANGOLD RESOURCES too, then it will shortly be worth less then that.
It seems to be the way of Explorers, that after they have listed, the share price have a tendency to drop.
That does not have to happen to ANGOLD, but the odds are, that it will.

I hope ANGOLD RESOURCES will become a miner, because that is where the true value lies, but that is still a big unknown. Maybe they will just prove up their resources and sell them on.
Either way, I still wanna be invested at that time, whatever happens.

The thought of selling out of an opportunity like this, for CAD$285.000 is not my cup of tea.

In case, we should be so lucky that all four tenements contains a Tier2 gold mine, and ANGOLD RESOURCES decides to mine it, then it will be worth billions.

At that stage, it truly becomes worth calculating the value of our shares, but for now I find the percentage much more fun and interesting.

Regarding ROGUE BARON, I have no clue how to assess the value at this stage, but I’ll take your word for it.

A high value is wonderful, but the market does not seem to care at the moment. That is fine by me, I can top up at every payday at low prices and just wait for it all to unfold in a few years time, when ROGUE BARON is either a contender to be reckoned with in the spirits market or are being bought out at a premium (spirit) price.

Hi aprogerson, unfortunately I am afraid, I’ll have to burst your bubble.

But, I truly hope you’re the one who is right, and I’m the one who is wrong.

I only get Gunsynd’s percentage to 1.13% of ANGOLD RESURCES in total.

And here is why:

For the better part of September 2020 ZTR Acquisition Corp only had 8.754.330 shares in circulation. Come to the end of the month when the RTO of Federal Gold Corp is announced and it starts to look different. (but up until then Gunsynd had 5.28% of the 8.754. 330 shares)

ZTR Acquisition Corp have no money, or surely not enough to buy out the owner/s of Federal Gold Corp, therefore they are given 35.187.000 consideration shares in ZTR Acquisition Corp.

That is the payment they receive for what they bring to the table, and a big advantage for them is that they do not loose their asset. Their percentage gets watered down yes, but in return they get listed on the stock exchange and they get funding to progress with the exploration. And they will still own the majority of the company, as you will see below.

So here is the first huge dilution of our original 5.28%

Next dilution comes in as they sell a further 18.750.000 subscription shares to raise $7.5-million to finance exploration and hopefully buy the Iron Butte property in Nevada.

ZTR Acquisition Corp and Federal Gold Corp will then no longer exist, if everything goes through as planned.

Instead we will now have ANGOLD RESOURCES.

The previous owners of Federal Gold Corp will have a 56.12% ownership of ANGOLD. (35.187.000 consideration shares / 62.691.330 shares in total x 100 = 56.12%)

The owners of the 18.750.000 subscription shares will share 29.9% among themselves in ANGOLD. (18.750.000 subscription shares / 62.691.330 shares in total x 100 = 29.9%)

The old shareholders of ZTR Acquisition Corp will only retain 13.96% of the new company ANGOLD. ( 8.754.330 from ZTR Acquisition Corp / 62.691.330 shares in total X 100 = 13.96%)

Gunsynd's shares will therefore have to calculated as follows: 712.500 / 62.691.330 X 100 = 1.13% of ANGOLD.

(disclaimer, above calculations could be wrong, so make up your own mind about the validity)

So quite a dilution, but certainly worth it. ZTR Acquisition Corp was nothing but listed on an exchange.

Now it has transformed into a new company with tenements and money in the bank, if all goes through.

And we will be sitting with a 1.13% ownership of a brand new exploration company.

Part 2

It is going to be interesting to see if we get confirmation next week, of further investment in Angold.
Slightly over 1%, as we currently hold, is not exactly salivating compared to our holding in Rincon.
But for a further £58.000 in an asset that had been written off, it is not bad at all, if we consider it to be seed money, to get it off the ground, and aim for a quick exit.

Part 1
Gunsynd’s long road leading to Angold.

When Oyster Oil and Gas folded and could not repay it’s debt to Polemos and Gunsund, other attempts was made to recover the debt.

Polemos (Now “Digital Box”) sold whatever they owned of Oyster Oil and Gas.

Northbay Capital Partners Corp either bought it directly from Polemos or snapped it up at some point from someone else.

In June 2019 Oyster Oil and Gas transferred the rights to the production sharing contracts in Madagascar and Djibouti to Subco.
Northbay Capital Partners Corp and Gunsynd are as far as I know the sole owners of Subco.

Oyster Oil and Gas now became ZTR Acquisition Corp and was/is barely more then a shell company in my eyes.
Gunsynd still retained the same % in ZTR Acquisition Corp as they had in Oyster Oil and Gas, approximately 5.28%

Fast forward to 30th September 2020 and we are informed that Gunsynd has invested £58.000 in Federal Gold Corp and intends to invest further upon several conditions being met and a reverse takeover (RTO) of ZTR Acquisition Corp.

“Subject to a number of conditions, including receipt of regulatory consents, TSX Exchange approval and completion of a fundraising as further described below and in which Gunsynd is participating”
https://www.lse.co.uk/rns/GUN/new-investment-angold-resources-ltd-qegxtrb7hxiv7kd.html

And here I have to correct my calculations from yesterday.
35.187.000 consideration shares + 18.750.000 subscription shares + 8.754.330 from ZTR Acquisition Corp = 62.691.330 shares in total
Gunsynd's shares 712.500 / 62.691.330 X 100 = 1.13% of Angold
So a slight reduction compared to yesterday’s calculation, and again, all depends on that the numbers and method are correct.
All the numbers are to be found in the following link provided by aprogerson (thanks)
https://www.stockwatch.com/News/Item?bid=Z-C:ZTR-2951131&symbol=ZTR®ion=C
The future company Angold will for sure contain 3 tenements and possible a 4th if conditions are met.
The sure ones are: Cordillera property (Chile), Dorado property (Chile) and Uchi property (Ontario)
The conditional one is: Iron Butte property (Nevada)
This one seems to have changed hands quite a few times over the years, but the conditions seems to have remained the same, so I guess the previous owners have not been able to meet the conditions.
But interesting information have been revealed in these links.
https://www.newswire.com/news/desert-star-signs-loi-to-acquire-the-iron-butte-oxide-gold-silver-project-nevada

https://money.tmx.com/fr/quote/REL:APH/news/8836158484307941

Angold’s own webpage does not say much at this stage, but they are also in the very making at the moment.
https://www.angoldresources.com/

35.187.000 consideration shares + 18.750.000 subscription shares = 53.937.000 shares in total
Gunsynd's shares 712.500 / 53.937.000 X 100 = 1.32%
If this is the correct method, Gunsynd will be the proud owner of 1.32% of Angold for a sum of 58.000 pounds

Part 2

So from my point of view, the biggest challenge would be the transport of the ore, out of the Paterson region.

All in all, it will be time consuming and a challenge without a doubt, so it is good Gunsund got other things brewing.

OIL.
By the end of October, the latest. we will know more about our oil adventure.
Have we managed to retain both the Madagascar and Djibouti assets and make meaningful JV’s with other companies?

ALCOHOL.
We can expect news from Human Brands / Rogue Baron at any point within the next 6 months or so.

GOLD
OIL
ALCOHOL

The future looks bright.