Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m a holder here (10% of my portfolio) and a fan of this deal but some of the stuff I am reading on here and on Twitter is beyond ludicrous.
Just seen a screenshot on Twitter of the Bolt telegram group (with brackets ‘official’ and the logo included to make it oh so more official) and a chap called James Stevens claiming to work for the company and putting timescales on the deal for a share in suspension(!). This could well be Bob from next door or Margaret from across the round. It’s an utter joke. This will do well but this excessive blatant ramping is costing us credibility. Grown up experienced investors must be laughing with tears reading some of this stuff. This so called employee goes on to ask ‘the community’ to raise awareness - do they think we are all 18 with a new brand new trading account?!
If this does 100 bags on open I will personally $hag Anne Widdecombe but we have statistically more chance of a TR1 from Elon Musk.
This doesn’t need stupid ramping. Stop it for the sake of our credibility.
Worth watching this on how the Bolt platform works:
https://youtu.be/3CQUcZea7z0
They are seeking to monitise content creation - ie the core of what makes YouTube etc tick.
I’m a holder here (10% of my portfolio) but for anyone never been in a RTO suspension before just to add a contrary view: there is no guarantee this opens on the multiples being quoted by some posters. It will depend on the extent of the dilution and the fundraising, true our market cap could be £50m but that could also entail massive dilution. Obviously wishing we do make multiples but really don’t think we’ll see 50X multiples on open, that’s not how RTOs work.
That’s the thing about RTOs - you just don’t know until after the event because there are so many variables - how will the market react, the price of a further raise and therefore the resultant market cap. GLA. If you’re in, you’re in but be patient because these things normally take months.