Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Haha (Guys who I spoke to this morning away from here)
Was I right? or was I right? LOL, its already started! Stay strong as a lot more of this to come.
Of course this is a scam, the value of BOU as a shell is around 0.005p and when the RTO doesn’t happen it will go to zero when suspended and then delisted.
@cruickie1- reread what I wrote. I’m not even talking about the price monitoring extensions yesterday.
I’ll humour you. Tell me, line by line, why it’s a scam. If you don’t respond with a factually robust answer we’ll know where we’re at with you won’t we?
Thanks. Just wanted to know since they had up until 21st May 2020 to take them. Busy week. 3 RNSs 3 days straight. Things moving along quickly now.
Here we go again. Have a day off
That's exactly it. And they've now used up all those shares they can issue (save 15m!), which means no further placings without shareholder approval, and no further offers without shareholder approval too.
Is the 1,744,000,000 shares coming into issue 31st May anything to do with the shares of 1,759,632,974 that the BoD could take up to, mentioned in OO RNS? I think it’s mentioned in Resolution 1.
it doesn't always go that way - MXO being a case in point - it's based on sentiment at the time - if it is viewed simply as a tidying up exercise, then the market may well be happy.
Still who is going to buy 1,744,000,000 at 0.0125? Im expecting a majority of this is going to Antos, with a smaller portion going to BOD's and anyone else who needs compensation for their work in BOU
I think if Antos wanted more though he could have bought a lot more very early on and when they placed earlier on, he could have been sole subscriber to an entire placing (like the most recent mxo placing for example where there's 2 names on it). Slowly - I don't quite understand the mechanics of it but when there's a consolidation, people just seem to sell... your percentage holding of the co doesn't change. It's their view that it often comes as a negative thing in that the co will then go through more placings at a price that seems sensible rather than at confetti rates.
How would a consolidation harm things for us?
Problem is Antos is running the show, if he wants to kill the share price in order for him to buy more shares. He will find a way to do it. This RTO will only be a possibility once Antos is happy with his overall holding.
Holdings should be relative though. Small holders should use this as a base on their next investment and so on... As for a consolidation. I'm not bothered. But with that there may be another GM now to vote on making another allotment of shares available for use - hopefully at a much higher price once all is revealed.
So unfair for small holders really. You have to have the attitude that it if goes belly up so what but hold for gold. Hopefully Antos will do the right thing with current holders and the board don’t screw us with a consolidation. Do the right thing RTO easy now just do it, no consolidation a fair RTO and full value. Board will Benifit rather than dicking around with using more share. Just bloody get on with it
If all "local problems" have been resolved, we may well find that we're now in new territory with no further reason for news releases designed to suppress the price.
not going to name all of them, simply on the fact i cant be bothered to look back.
1. RNS was released saying there was no reason for the sudden increase in price, next day SP dropped 50% or so
2. News of the open offer caused a drop in share price, i still believe it would have been fully subscribed even at .25
3. The new director, was not the person people expected and they emphasised negative situations with him.
there is one more but i cant remember.
Current share price is mostly irrelevant for the larger share holders involved, especially for Antos when he just wants the largest holding he can get at the cheapest price.
Why do you think the RNS’ have been designed to drop the price?