Member Info for SocialistB

That's not how I read it.

For me, it just looks like a tick box exercise, that has to be complied with.

Correction

If Gunsynd reaches a price of, let's say, 7 pence before 28th of July 2023, he makes a profit of 6 pence for each share.

Peter Ruse now have the option but not an obligation to buy more then 6 million shares before 28th of July 2023.
If he exercise that option completely it will cost him £63,500.00
Gunsynd will receive 1 penny for each share that he buy's.
Today, the shares are trading for less then a penny.

He could buy the 6.350.000 shares cheaper today, but instead accepts to pay a premium compared to today's price at some point in the future, should he decide to exercise his options.

If Gunsynd reaches a price of, let's say, 7 pence before 28th of July, he makes a profit of 6 pence for each share.
If the share price does not budge at all over the next 3 years or so, he is unlikely to exercise his options and he will have lost nothing.

I am always pleased when options are not being sold at a discount.

Highlights from the Interview with Peter Ruse part 2

But what struck me the most was the mentioning / talk about life sciences.
Could something be happening here in the coming weeks?

I am pleased if the BOD are not just going after a one trick pony in regard to Covid-19, but seems to favour a company with several facets to it’s name.

My hope would be Hemogenyx, that is a company with a hopefully huge potential and at today’s price, still a fantastic deal in my eyes.

And for good order, I JUST have to mention Greatland Gold again.

I am of the opinion that even a modest investment of £100.000 in each of these companies today, will be likely to have a huge effect on our share price almost instantly.

Highlights from the Interview with Peter Ruse part 1

Gunsynd has raised approximately one Million pounds recently.

Gunsynd is named after a famed Australian racing horse from back in the day.

Peter Ruse introduces himself and tells about his background in finance.

The BOD of Gunsynd are likely to offer their expertise in finance to the companies they invest in, to help them progress.

Explains why Gunsynd became attracted to Rincon Resources.

How Gunsynd are impressed with the track record of the BOD of Rincon Resources, as they have had previous success in this sector.

There is gold present, but there is still plenty of work that needs to be carried out in regards to this.

Talking about their hands on approach with Human Brand / Rogue Baron, how they are helping that company raising further investments.

Rincon Resources is getting an enormous amount of attention, from the corporate world, to become a public company.
There is a good management team in place at Rincon Resources.

They are presented with opportunities within the life sciences on a regular basis, at the moment a lot is related to Covid-19. They have a cautious attitude to these proposals.

More news are to follow regarding investments in the natural resources sector in the next couple of weeks.

Would like to invest further in Rincon Resources as/if they are going to raise capital in the future.

My take on the interview / presentation.

It was a very forward looking presentation.
It seemed to only concentrate on a few of our investments.
However the ones mentioned are those that are most likely to be the talk of the town in the near future.

There was talk about copper and talk about new investments in the natural resources sector to hopefully be announced in the coming weeks.
But there was no mentioning about last weeks investment in Eagle Mountain Mining, it makes me wonder if this interview was old (recorded before the 22-7-2020) and first aired yesterday (27-7-2020) or if there is more news to come in the next couple of weeks.

Rightfully there was a lot of talk about Rogue Baron and Rincon Resources.

These seems to be our currently brightest shining stars.

Whether Rincon Resources chooses to list in Australia or the UK, or raise further funds and remain a public unlisted company seems to be unknown at the moment.
All cards are potential in play.
What seems certain though, is that, it is likely to diminish the size of our holding.
Especially if they go for a listing.

I mean, the whole point of raising cash at a stock exchange, must be to raise multi many millions, otherwise why bother with that avenue.
And mining needs millions of pounds.

But hey, not bad of Gunsynd to get in at an early stage and secure just shy of 30% and with some top up along the way managing to retain 5-10% in a company that manages to raise, let’s say £5 million and are then sitting on Billions of pounds in the ground.

BurtonD, many thanks for the link to the interview with Peter Ruse.
I would never have stumbled upon that site on my own.
It is always nice to hear a member of a management team being interviewed, although it was a paid for interview. (Says so in a VERY faint, hard to detect line, further down the page)

But there was absolutely nothing about Oyster BVI.

And for that reason, I would really love to see one from the BOD being interviewed over at CRUX as soon as things start rolling.
He takes no prisoners over there. Anyone going through a round and gets out with the skin intact, they are more then worthy.

We investors have not had the change to ask the hard questions at any GM’s this year, because of
Covid-19, so it would be nice to see someone else do it.

Rebster408, congratulation with your excellent choice over at GGP.

Now workload wise, I am sure the BOD at GGP could squeeze another excellent find in.
They are already drowning in so many potential supersize, astonishing and fantastic prospects it is hard to believe.
And they just bought another tenement recently.
So one more would surely not hurt.

However I am afraid you are right. It will not happen, despite the wonders it would do to our share price.
Why have I changed my mind so drastic.
Well it was all wishful thinking in the first place, but what really did it, was the interview with
Peter Ruse that BurtonD so kindly sent a link to earlier on today.

Part 2
No matter who the share holders of Rincon Resources chooses to sell their assets to, make a JV with, or if they choose to mine the tenements them self, it will be a success. (they really have to royally F... it up for that not to happen)
I just happen to think that the quickest, but also overall long term way would be to sell South Telfer to Greatland Gold for shares in that company.
But I am happy to stand corrected, if the share holders of Rincon Resources votes for a fantastic deal with someone else.

Part 1
Hi Rebster408 and thanks for your reply.
My upfront apologies for writing a lot about other companies on the Gunsynd board. But it is all related to Gunsynd's 28% stake in Rincon Resources.
Newcrest would not be a bad option either, Telfer needs ore, it will likely be 2-3 years before ore can be transported from Havieron to Telfer.
Rincon Resources' South Telfer tenement is about 12KM from the Telfer processing facilities and there is gold near surface. I assume it will be an open pit mine. And if the gold really is present 1 meter under the surface, they could properly start making money from the first truckload.

Rio could also be a contender. They have tenements right next to Scallywag and when you look on maps from Greatland Gold, a significant part of the anomalies can be seen on Rio's tenement. Should Rio decide that gold was a way forward for them, they might also be interested in the South Telfer tenement.
Then it could also be a complete fourth company that would show interest, as long as the prospect is big enough, it will be worth for an unknown entity, to build a plant from scratch.

But my favorite option would still be shares in Greatland Gold (yes I am biased, as I am a holder over there as well)
I had this idea that Greatland Gold could process all their ore at Telfer and not just ore from the JV at Havieron.
But I must be remembering wrong, I have not been able to find that wording on Greatland Gold's webpage today.
But there is still good reason to keep the dream alive.
Because I think that the Greatland Gold way would be the fastet way to multiply today's share price many times over. (or in general create wealth to all of Rincon Resources share holders)
Holding X million shares in Greatland Gold would instantly create an interest in Gunsynd. And if there is such a thing as cosmic justice, we would see an immediate effect on our share price.
If on the other hand Rincon Resources were to make a JV with Newcrest or any other company for that matter, I fear it could become a slow boat to China exercise.
For most of the first year after the JV with Newcrest, not much happened to Greatland Gold's share price, despite one astonishing RNS after the other. I would fear the same could happen again, but to us this time. But if we had shares in Greatland Gold, we are likely to gain instantly from the hyperbole there is around Havieron. Not to mention what will happen when Scallywag and all the other assets are proven up.
Greatland Gold should be interested in every asset that would generate value for their share holders and luckily for us they are not only interested in exploring as following quote will show:
"The board seeks to increase shareholder value by the systematic evaluation of its existing resource assets, as well as the acquisition of suitable exploration and development projects and producing assets."
https://greatlandgold.com/company/strategy/

I don't think we will ever see anything like Greatland Gold again.

For me, this stands out as a once in a lifetime chance.

But my suggestion for a risky multi bagger would be Gunsynd.

They bought 28% of Rincon Resources, who has the SOUTH TELFER tenement.

It's located about 12 km from Newcrest's TELFER mine.

There is gold near surface.

Historically some drilling have taken place, more drilling will commence in the near future.

How many times and when will it multiply: Your guess is as good as mine.

But I see it as follows:

If Rincon decides to go alone on this project it will take years.

If Rincon decides to prove it up and sell it to Newcrest, they might be offered a decent deal.

If however Rincon sell the tenement to Greatland Gold for shares, and the tolling agreement Greatland Gold have with Newcrest can be extended / include a new bought asset then it will be a fantastic deal.

Artemis Resources was intent on buying Rincon last year and there is a lot of good information on their webpage about Rincon's 3 tenement's.

The deal feel through, and now an AIM listed company have 28% of a potential very good deal.

But it all depends on the shareholders of Rincon Resources.

So consider it risky. At least time wise.

Does Gunsynd have any gold?

Yes they do, they have access to it in abundance in the South Telfer tenement.
Okay okay, abundance might be a big word, but they got 28% of Rincon Resources.

But how are they going to monetise it?
Now that is the question!

My dream scenario would be to prove up South Telfer and sell it to Greatland Gold for shares in that company, for the reason mentioned below.

Greatland Gold have a toll processing agreement with Newcrest at their Telfer mine.
If that agreement is written in such a way that Greatland Gold can get all their ore processed at Newcrest’s facility, even a newly acquired tenement, then, it is just a question of getting a digger and some trucks in there, as the gold is near surface.

They could potentially start generating money just a few truckloads in.

So far we have bought shares in 2 explorers in good safe countries and regions, but the share price has not budged much so far.

For us here at Gunsynd, having shares in Greatland Gold would just would just instantly increase the share price.

And it is a share that still has a shining future ahead.

Talk about a strategic investment, and this would be it.

In today’s earlier post, when I said:

And that’s it.
For now.

I had not imagined shares would be issued in the near future, let alone that it had been announced 2 hours earlier.

So it answers the question I asked mufcm about where he got the £465.000,00 from.

So the positives first.

An additional £465.000,00 in liquid cash + possible £742.250,00 depending on the accuracy of my calculations over the weekend.

It could potentially mean that Gunsynd soon will have £1.207.250,00 to spend on investments.

So far so good.

But and there is a big but.
When I started my last post, it was intended to end on a positive note/feeling.

But when I became aware of today’s RNS, that’s not quite how I felt.
Maybe because I had not seen further dilution coming so early.
Maybe because I was not prepared at all.
I feel slightly shell choked right now, a little num.

Why is it that we existing LTH are constantly not invited to take part in the party. Why can we not get the option of getting warrants that we can exercise further down the line.

It frankly annoys me.

My best defence for the BOD is that this, is a way cheaper option to raise the capital.
And if the tone on this BB is anything to go by, then it is unlikely existing shareholders would be willing to invest that kind of sum.
So why spend a huge sum on a fruitless exercise.

Another possible reason is some kind of a takeover of another company is taking place and this gives those people a change to maintain an interest in their soon to be former asset.

I mean something must be going on. You do not just get investors out of the blue.
Someone knows more then I do or sees things I do not yet see.

Good morning mufcm.

I am intrigued by the £465.000,00

What free floating cash have I missed?

If they are as free floating cash and not tied up in an investment, then it is delightful.
More money to the war chest.

The dilution of the shares have been mentioned in an earlier post, I’ll paste it in at the bottom.

In addition to the dilution mentioned in that post, there have now been further dilution taking place, but that is no news. That was known already back then.

Today there is:XXXX

Later down the line when all warrants have been cashed in (if they are) there will be:XXXX

And that’s it.
For now.

Who knows when we will need to raise cash for another investment.
And if it is not done by selling an asset, or taking a loan, then you have to issue new shares.

That’s the name of the game.

Regarding your question, Name 1: Well ALBA, UOG and UKOG have been profitable if I remember correctly. (UOG and UKOG not as profitable as we dreamt it would be, but none the less)
Back when the BOD sold UKOG, I was not happy with that decision. UKOG was the reason I bought into Evocutis and I expected UKOG to rise a lot in the coming years.
Look at where UKOG’s price are now.
They did very well, when they decided to sell.

Below you can see the earlier post about dilution:

SocialistB
Posted in: GUN
Posts: 133
Price: 0.675
No Opinion
What will the near future bring?17 Jun 2020 09:51
Today or maybe tomorrow an additional 74,520,893 shares will hit the market.
And Gunsynd will have a total of 149,041,786 ordinary shares issued.
Double up from yesterday.
And there will be £484,386 minus expenses more in the coffer.

That all sounds good.
But will it do any good to the share price?
Will the share price start moving north based on that information alone, or will it take more info then that, to move it in the right direction.

In my view the market ought to see it as follows:

£400,000+ extra in the coffer: POSITIVE
Double as many shares: NEGATIVE

So one positive and one negative = NEUTRAL.

So to get this share moving we need another positive.
Like in the form of an RNS saying where they plan to invest the money.
That the due diligence with an explorer in Australia went well and they are about to buy a stake in XXXXX company.

Okay, so I have just seen Today’s RNS, but have decided to still post this post as my follow up might be a bit different.

So we have 1 million pounds in liquid cash, minus the investments so far:

£1.000.000,00
£257.750,00

Total cash available as of July 2020 (if guestimate of expenses are correct) £742.250,00

If these numbers are correct, then we have plenty of cash for further investment in our assets.

I personally hope that those investments will be related to gold exploration in the Paterson region in Australia.

An educated guess at Gunsynd’s cash balance / flow since December 2019.

RNS Number : 2797W
Gunsynd PLC
10 December 2019

Titled: “Final Results”

From the final results released on 10th of December 2019, we know that Gunsynd had a cash balance of £568.000

RNS Number : 8372Q
Gunsynd PLC
23 June 2020

Titled: “Further Investment - Rincon Resources Pty Ltd”

From this RNS, we know among other things that there has been a disposal of UOG shares.

“Gunsynd has disposed of 1,939,359 shares in UOG at an average price of 2.93 pence per share for a total gross consideration of £56,823.”

RNS Number : 5754R
Gunsynd PLC
30 June 2020

Titled: “Result of GM, Issue of Equity and Director Dealing”

We’re told that Gunsynd have managed to raise £600.000 as all resolutions have been accepted at the GM

Total and absolute maximum cash available to the company, during the first 6 month’s of 2020, should therefore be:

£568.000,00
£56,823,00
£600.000,00

TOTAL: £1.224.823,00

From this sum we have to deduct rent, salary since December 2019, and expenses for the raising in June 2020.
It would also only be prudent to put aside £20.000 for Sajawin, in case they decide not to go forward with the Oyster BVI acquisition and want their initial payment back. (RNS Number : 0739V, Gunsynd PLC, 29 November 2019)

I have no numbers for what the exact expenses will be, but for arguments sake, lets put it at £124.328,00

That would leave Gunsynd with 1.1 million pounds +/- to invest in 2020.
( it might however be worth to put a sum aside for expenses and salary for the years 2020-21)

So again for arguments sake, lets put the total sum disposable for investments in 2020 to a clean and neat 1 million pound. (expenses of £100.000,00 is a pure guestimate, can be higher, can be lower)

So far in 2020 Gunsynd have invested an approximately total of: £257.750,00

RNS Number : 6412Q
Gunsynd PLC
22 June 2020

Titled: “Strategic Investment - Rincon Resources Pty Ltd”

“Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has invested A$200,000 (approximately £110,000) in Rincon Resources Ltd ("Rincon"), an Australian gold and base metals exploration company”

RNS Number : 8372Q
Gunsynd PLC
23 June 2020

Titled: “Further Investment - Rincon Resources Pty Ltd “

“Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that, further to the announcement of 22 June 2020, it has invested an additional A$50,000 (approximately £27,750) in Rincon Resources Pty Ltd ("Rincon"). This additional investment was funded in-part via proceeds received from the sale of the Company's shareholding in United Oil & Gas PLC (AIM: UOG).”

RNS Number : 8912R
Gunsynd PLC
02 July 2020

Titled: “Further Investment in Human Brands and ************** with Rogue Baron”

………..”Gunsynd will increase the Loan Note by a further £120,000”

To be continued.....

Thanks for the info Scotty666.

You were completely right.

It was announced on the 31 of October 2019.

https://artemisresources.com.au/investors-relations/announcements#

Okay, so now Artemis is out of the picture as well, a bit of a shame, they have a lot going for them.
I would most definitely have been in favour of a close relationship with that company.
So many potential prospects and their own processing plant.

On the positive note, we now have just shy of 30% of Rincon Resources, who have a huge acreage in the Paterson region and maybe even better, as it is in the near vicinity of Telfer.

It has already been verified that there is gold present on the tenements. It wont be a case of drilling dust for 10 years before we are lucky and strike gold.

Now the interesting part really becomes the word STRATEGIC.

Hi Scotty666.
Can you help me out with a link or two please?
I have not been able to find an RNS or any link what so ever regarding the option lapsing/refinancing.
Is there one you can send to me or is it an educated guess, since Gunsynd was able to buy just short of 30% of Rincon.

Comments on yesterday’s RNS.

Honestly, and truth be told.
It was not the RNS that I had dreamed and salivated about.

But having had time to go through the RNS a few times and let it sink in, I am quite thrilled, but more about that later.

Here during lock down, to keep my mind sane, I have been busy second guessing the BOD’s next move.

And I was confident that Greatland Gold was in play.
Gunsynd sold UOG and raised £600.000 minus expenses and made a STRATEGIC investment in a gold explorer in the Paterson region in Western Australia, and with the BOD’s connections, there is no way they cannot know about Greatland Gold,

Greatland Gold on the other hand sold some 23 million shares for a sum just shy of £600.000 and got awarded another license in the Paterson region this week.

So in my mind, all the ducks was lined up.

And I was so wrong.

But I am thrilled about Rogue Baron moving forward and having been de-risked.
Most of the hospitality sector are not moving over to Rogue Baron.
I wonder why any did, can there be a tax advantage?

Rogue Baron have been granted EIS advanced assurance.
Follow this link to find out more of the advantages:
https://www.gov.uk/guidance/venture-capital-schemes-apply-for-the-enterprise-investment-scheme

And Gunsynd can earn 1-3 % of the shares depending on how much monies are raised.
On top of that, approximately £500.000+ can be converted into shares (our loan + 12% annual interest)

Rogue Baron is finally moving forward and pubs and bars will open tomorrow.
A new chapter in 2020 are about to begin and hopefully, there will be appetite for something new further down the road.

And talking about down the road.

Gunsynd still have some interesting cards up the sleeve.

So the Rincon deal had nothing to do with Greatland Gold in any way, shape or form. ( I completely misjudged that)
Kind of makes sense, as I never understood we could buy part of Rincon in the first place, as as Rincon and Artemis made a deal last year.
So then the strategic investment must have something to do with Artemis, not a bad option either. They have a huge acreage in the Paterson region.
And they got targets lined up already and are eager to start drilling as soon as the COVID-19 situation allows.

The last but not least card up the sleeve is our oil adventure.
It’s on the back burner and I am comfortable with it being there as long as we are in this economic climate.
I got patience to wait.
Even if all cars went electric 10 years from now (impossible) the world would still need an incredible amount of oil.
And it would need it for the next many centuries to come.

So Gunsynd got exposure to:
Alcohol
Gold
Oil

Whats not to like?

Is today gonna be the big day?

I expect that today’s vote will go through and an additional 17 million+ shares will hit the market soon.

If voted through, then these shares are money straight into Gunsynd’s coffer and Gunsynd have then, in June 2020, raised £600,000 minus expenses.

Lets just say that leaves us with £500,000 for investments.

So far Gunsynd has bought shares in Rincon Resources Pty Ltd over 2 instalments according to the RNS’s
Firstly, approximately £110,000 was spent and then an additional approximately £27,750
taking us to roughly a spend of approximately £137,750

£500,000 – £137,750 = £362,250

So Gunsynd still have approximately £362,250, maybe even more to invest.

I hope that there will be another strategic investment / merger in the Paterson region.

Earlier this morning I tried to make a couple of dummy buys of Gunsynd’s shares, I could not even buy 150,000 shares, that’s how little there was in free circulation at that point without it going to negotiated order.

If it’s confirmed that today’s vote went through, and we in the same breath gets a positive statement about additional investment’s in the Paterson region as we still have £362,250 to play around with, then I think / hope this share will start to fly.

Hi Pennydealer

Which of Gunsynd’s assets do I believe in.

I know you’re a fan of UOG, so am I.
Lets just keep that one forever and see it grow.

Our part in the leftovers of the former Oyster Oil. There is oil, (hopefully) now we just need to find the best way to monetize it.
Sajiwin have been given an extension until October if I remember correctly.
I expect that they have already concluded that there is oil there, from all the data that they have had at their disposal.
Otherwise the extension is senseless.
Covid-19 have truly thrown a spanner in the wheel, in regard to oil price and properly the possibility to acquire a company on ASX and finance. That was originally part of the deal, if I remember correctly.
That will all be sorted, but how long it will take is anyone's guess. (but they have to October)

When all that has been sorted, it will still be a couple of years before we see Oil flowing, but for me it is going to be great to know we have an asset that will first fully bloom later on as well. (but I would as well like to see something blooming in the near future, so I can make a top slice)

And then there is your love pet.

Human Brand/Rogue Baron.

I hope it will do well, I want it to do well.

Pre-Covid-19, I liked the way it was set up. How money could be made from growing the Agave, producing Tequila and finally the hospitality sector.
The hospitality sector, however causes me nightmares currently, hope it will be iced for time being.

I am however disappointed about the move away from Asia, I thought that was the original USP.

But what really makes be salivate these day’s, is when I try to second guess what the new investment is going to be.
Where are the newly raised capital going to be deployed.

We know they have been doing due diligence on gold explorers in Australia for month’s.

And the thought of them doing a deal to become an Institutional Investor in Greatland Gold or Artemis, both heavily present in the Paterson region, makes me (yes you guessed it, drool)

So that is what I really wanna hear in the near future.

Hi again justthoughtidsay.

I am glad we both wishes this company to do well and I am in full agreement with you about the track record on deliverance. There is none.

But I hope circumstances are more to blame for that, then the BOD themselves.
(Oyster Oil going bust before they could be listed on AIM, Covid-19 now causing issues for the roll out of Rogue Baron, well at least the hospitality sector of it)

Regarding the BOD’s ability to raise money.
Point taken, when you look at it from that angle.

But is it really as simple as that (I hope not, because then I’m losing out)

For arguments sake, lets take a stamp as an example.

If I was offered a stamp worth £850.000 for the price of £500.000 I would most certainly take the deal right here and now.
Giving me a paper profit of £350.000

If I was to bring it down to the local stamp dealer straight away, then I’d expect to receive between £250-300.000 as they will need to turn a profit as well.

Easy done, light work and a good profit.

What is not to like about that scenario.

But Gunsynd is a complete different kettle of fish.

It is made up of so many different assets and some seems rather complicated.
And the great payday is far out in the future for some of them.

It would take a lot of work to sell each investment and as each buyer (not just one as with the stamp) would want a discount to what the asset is worth, the paper profit of £350.000 starts to dwindle fast.

Not easy, hard work, and the profit has to be compared to all the work that has to be put in.
This has to raise the question, is it really worth it? (for the new investors)

Add to this the risk of any public traded company, their share price can fall if the market is in disagreement.
Taking 50% of a private company and do the above scenario would leave out a lot of risk and thus forth maybe be worth it.

Hence why the new and existing shareholders that have invested must have faith.

But in what?

The BOD? (do they know them well)

The current assets?

The future asset that there is a cash raise for?

What do they know/see, that we do not know/see?

How much can the BOD say to a potential investor, when they are out raising cash, without breaking the rules about insider trading.

And you are right, for something positive to happen to this share price in the near future, the BOD have to pull something nice out of the hat.

I hope that, that is what is going to happen with the new investment.