RE: Approval views6 Jun 2019 11:46
Oyster is worth around 1mil CAD mcap. They have given us the share stake, so in reality owed 1.4 CAD have no money, skint, so given us the share capital with a mcap lower than the loan notes. No CPR, no drilling and seems not a lot of prospects without a serious overhaul and funding of which GUN do not have the ability to do. It seems this was the only way to try get at least a hope of the $250k back
Really can’t see why the all ramping of 1p plus is coming from tbh. I see very little value to GUN in this asset
Thoughts welcome of course