Gunsynd posts interim results for the six months to end January
Gunsynd PLC () booked a loss before tax of £357,000 for the six months to January 2025. At the period end the company had £100,000 in the bank, and the financial investment portfolio was valued at £1.46 million.
There were no revenues.
The company said it would maintain a level of diversification in its portfolio which would mainly concentrate in natural resources, particularly in North America.
It noted recent commodity price strength, particularly in copper, but added that equity prices for junior resources stocks remained depressed during the reporting period.
Gunsynd also updated on progress made by the various companies and projects in which it holds investments, including the Falcon, Merlin and Greylark copper-uranium projects, the Bear Twit zinc, lead and copper project, Metals One’s Black Schist nickel project, 1911 Gold Corporation, Aberdeen Minerals, the gaming company Low 6, Omega Oil and Gas, Richmond Hill Resources and Oyster Oil and Gas.
Among the highlights of recent activity was the 21.8 grams of gold per tonne recently intersected in drilling by 1911 Gold Corporation on its Manitoba project. Gunsynd has invested around £210,000 into 1911 Gold.
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This is a standard enough set of financials from an investment company making its way in what has been a tough market. However, with commodity prices now on the move, and Gunysnd focused on a broad portfolio entirely in safe jurisdictions, it could be that the company will be one of the first to attract inward investment flows when sentiment finally turns.
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