The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So I think they made an error in Resolution 8 as they refer to the authority in resolution 5 which is the John Treacy vote possibly should have been referring to resolution 7 (then again I am not a legal or financial expert)
Resolutions 7 and 8 are suggesting we give our authority to the company to hand over approx 25% of the company to a person or persons they think proper....the questions are who this could be and why would this be needed? Hopefully it is our significant shareholder.
My only other question is if the person inferred is Antos then if he already holds 18-19% (including the warrants) and this gives the board authority to issue 25% of the company are they working with him meaning he will own over 40% of the business or against him (health sector curveball having more of a share than him) or will a business partner of his make an appearance and be handed 25%? Sorry I think that was another question!
My brain hurts need wine....but things certainly seem to be coming to a head here
This is what is being voted for at the AGM if anyone has not seen the details, voting forms are also on our website
http://bouldopportunities.com/wp-content/uploads/2019/06/Notice-of-AGM-2019.pdf
Current Auditors are on the Bould website
PKF Littlejohn LLP
1 Westferry Circus
London
E14 4HD
Yes Jace, Photonstar are not using the Halycon technology the invented it, I agree those assets or the rights to the technology I assume were sold to Antos for £1.
Good evening all
I’ve not been around much this past week or so as I’m going through a similar cost saving and redundancy issue in our office. Fortunately I am not affected at the moment but that might change. I’m still holding and will continue to do so until news (for better or worse!) But hopefully that news is for for the better. Looks like an eventful few days with a few wobbles but as people have mentioned previously, nothing has changed.
Good luck Aidan I have been through redundancy four times since I left University I did not survive in the late 80s and took me a while to get things back on track but I did and luckily for me I survived three times during the 2008/9 financial crisis. But it was extremely stressful having to go through the process. I’m sure you will come out of it stronger
Cheers
I’ll end up with a black eye from the wife for getting it wrong!
So the key points that I have noted.
Antos is our main shareholder why would he do this? Would it be to make a quick profit on the market from a volatile share, possibly but hopefully not!
Would he be looking for something more substantial for instance exploring opportunities to float one of his private companies on the Market, possibly. (this is the option that everyone invested here is hoping for based on publicly available information and research that has been undertaken over the past months.)
Onto potential RTO targets there are several possibilities and the front runner in most people’s minds is, or was, or still is, Coeur Gold Holdings. There could be others including another recent wildcard that has a connection with our main shareholder via George Richmond. This is Goldfield Holdings Ltd which was incorporated just a few weeks ago.
My original belief is that it was CGH and it still is but now I am also doing some debating with myself (did I say that out loud publicly?) along with undertaking additional due diligence and research.
So onto Neo’s post where he highlights the value. This is spot on and whilst one of many reasons that people invest in any new company I believe it is one of the strongest cases for doing so. An important point which RKB also highlighted. There are many different investors on this board who are invested in BOU some will want to realise the potential medium and long term value some will want to make a quick 20% profit and some dream of early retirement. None of this is wrong it just shows a cross section of society and the many interpretations and priorities people have not just in relation to investments but no doubt in relation to life in general.
TR1’s again Neo is spot on if Antos became (or maybe already has become) a Director of BOU then that would preclude him from buying or selling his shares due to being on the inside. As a shareholder who is not in RTO discussions though he would be able to freely buy more shares?
If Antos has already put pen to paper and has signed up to become a director or has paperwork pending then an RNS may be due soon but if this were released a long way ahead of any RTO this could mean that a temporary suspension is inevitable? we hope this does not happen so might be a reason for any delay or equally might be reason to think Antos is still a shareholder that is looking to profit on volatility (hope not!)
There are suggestions within the posts that there might be disagreements within the BoD of BOU. We will never know all the details of this being outside but we have read posts about possibilities of gamesmanship which may be making each decisions take a little longer to wash through and come to fruition.
So with all the above in mind I will be focusing on the positives, based on research, I will sit tight and await news….and when it lands I am hoping it is for the better, otherwise I will end up more than debating with myself privately or public
And this website to behave!
Good afternoon all
Having returned from a relaxing holiday last week, I spent some time over the weekend, catching up on the boards. I made a few posts during conversations that were being had and then I read Neo’s posts. I thought they could have been interpreted in two ways. Is Neo a genuine poster that was showing an interest in BOU and it’s shareholders or it could be somebody that was as some put it deramping or even somebody with an axe to grind or even the same person?! Sorry that’s three interpretations possibly four. I doubt that they are one in the same people though. Although I have spent many days debating with myself over the years (not so much in public I have to admit) I am not sure we will ever know for sure and on the one hand I bought Neo’s posts could have been having a dig and on the other hand I thought Neo’s posts were also reasonable well thought out and reflected many of my own thoughts when I first became invested and watched over a few months before making my first post. To echo RKB’s comment they also caught my attention.
Regardless of intent below (above or wherever else LSE puts them these days as the site is driving me crazy currently) are are the key elements which I think I have taken out of the conversations. I will say though that whilst I enjoy challenges like deciphering cryptic messages I am not very good at them! So I will just try to focus on the obvious so apologies in advance for the genuine lack of cryptic deciphering.
Lastly I think the last couple of posts between them were misunderstood as a wise man once said ‘I would have preferred a face to face conversation’. chatting via text, email etc can be misinterpreted, even when not cryptic.
Yes they were offside for a while hence a few speed bump RNS were issued but now they are in the same position as the rest of us so will be looking for the SP to rise as we are
https://beta.companieshouse.gov.uk/officers/GDmqRjRgvZwJ7SU1tB5TgSf6FPE/appointments
Very last post Mr Wang is in both the report and the new George Richmond company....
Ok one last post....Another coincidence? Incorporated just a couple of weeks ago....
George Richmond https://beta.companieshouse.gov.uk/company/12009048/filing-history
For those who are new the posts below were posted by Graphite Tech when we were PSL and he publicised his research which was done in March following the Antos TR1 you will see in the document link below the Coeur Gold Assets in Armenia you will note George Richmond within the document he has links to several businesses and prominent players one of which is our main man. The Loan note and the share ownership split the recent activity of Coeur filing the pace that Bou is now moving at seems ducks are aligning very well. Another important point made is the value in the existing equity (BOU) being looked after. we could have been shafted but our recent stand along with Antos who has been looking after us and I am sure we will see real value at RTO time and that is not far away.
Graphite Tech posts below
For those who appear to piecing the bits together here we go;
The assets I believe consist of six projects three in Armenia and three in Kyrgyzatan.
I named them earlier but it seems to have got lost in the chat.
Different parties all connected own different % of those plays.
Antos in not the only big hitter involved.
This could easily become a mid-tier Armenian focused gold play.
The value will be if they look after existing equity valuation wise within the RTO.
Bear in mind Antos who despite being a wealthy man would not give anything away has been buying stock and is now involved in the last placing that kind of answers the question.
Think this is the real deal folks.
https://www.docdroid.net/VG2sheM/scrdownloadercom-jp2l1xnyv8.pdf
The link is to a list of assets that a company called royal gold was involved with.
This company had access to the assets that Coeur Gold have.
Take away the Russian and Spanish assets and that’s the target company.
The links run deeper. Look at the loan note Coeur did that split the share ownership recently.
It’s all there. Those are the intended assets and that the RTO target.
Yoshie no that is a different company that is already listed. Coeur Gold Holdings Ltd is one of the possible RTO targets that have been discussed on the boards and the previous PSL boards (link below) they are not listed and might be looking for one based on the research that has been done.
posts get very interesting around March following Antos TR1 RNS
http://www.lse.co.uk/SharePrice.asp?shareprice=PSL
Cannot discount Scotia though and I am sure there is a bigger game being played out here by the people in power Michael Mcgal, Gerorge Richmond, Aaron King, Antos etc but I am not intelligent enough to join up all the dots but the dots I and others have joined up seem to point to CGH.
Morning Trekmadone
Whilst there are links with Scotia. Coeur Gold Holdings is the company that many think more likely. If you Due dil them they do not have any assets filed currently but if you dig into companies house there is a significant Loan note which was filed in October or November (can’t remember without checking) for $55Million US dollars which many believe would come into play at the time of RTO and beyond. CGH have had some very recent filing activities which may or may not be coincidence for events that we hope are under way.
Have a great weekend RKB ....maybe invest in a wine rack for both your study and your kitchen then everyone’s a winner.
As for Antos he is our man so he would have my full support and I’m sure I speak for most people on these boards with an investment here and the potential future of this company they would do the same...so we can ensure everyone’s a winner
Another fantastic post RKB as for wine o clock...I have been away on holiday this week in the East of England had a delicious lunch a couple of hours ago at Wells Crab House highly recommended and Pmac much wine has disappeared already both to toast the end to a fabulous break and to toast the excitement building here and of course every one of us who have kept faith in this opportunity.
So on that note Cheers all and have a great weekend.
got 26% of my excess and yes I think judging by all the comments that’s the last of the OO shares now allocated Halifax are the largest shareholders broker so probably the most work for them. HL second largest and they have only recently allocated theirs. The smaller share brokers were completed soonest
The way I see it Coeur Gold have access to $55million Coeur are the Lender and GeoEnergy and Boreas Wind Group are the borrowers. Following our RTO this loan comes into play Michael Mgal has 130million shares Antos has 120Million Shares and the remaining 250Million are with GeoEnergy. BOU uses the funds raised to acquire Coeur. Coeur uses its loan note for Market Cap, revised share price big pay day for them and for further exploring opportunities
Nobody will know for sure exactly how it will play out however yes the value of any new business should result in a revised share price for us. And as we have little value currently the hope would be that theonlywayisup speaking of which nothing from Halifax for me either yet but based on past performance where they tend to be very slow we might get them by the end of the week ....or certainly by Christmas!