Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If it drops significantly on open offer day, time to buy rather than sell
Looks like a lot of holders (new I assume) are losing their nerve a little.
Alright good at least I’m not the only one :)
Don’t know what there playing at, but now on their own accord took another £5k. Would happily take them, only if I had the available funds and didn’t put me into negative lol
I’m pretty excited to see the excess I get allocated if anything, basically asked for another 20 mil shares on top of normal entitlement
If anyone manages to get a full 8 hours of sleep tonight, I’d be very impressed.
hey at least your strong sell opinion is gone :D
Thanks for clarifying, next week is gonna be an interesting one.
If you wish to accept the Offer and intend to fund the take up of your Open Offer shares by selling existing shares held in your portfolio, you will need to ensure that the trade is executed on or before 16th May 2019 in order to ensure cleared funds are available by our deadline.
Am I wrong in thinking that this is stating the sale of any shares rather than Bould shares in particular? Many holders might have a rude awakening on the 24th in terms of the number of shares they receive. Or am I missing something?
Thanks for the well explained reply, I’ll try my best to explain my theory behind it all.
Yes you are right people wouldn’t have took the open offer at 0.005 to 0.006 region, but I as one of many probably were A little more than surprised at the steep discount on the open offer. I’d have been happy with as high as 0.0025 region to buy more shares as I sold a large portion of my original shares before this. Still it’s a overall good thing that the open offer is set at this price as more people will benefit. Still I see it that the excess of shares portion of the open offer is more likely to benefit the larger holders more than the small.
As for the price adjustment, I’d say a large amount of the price correction has already took place. The problem is that Shareholders currently do not have the option to sell the shares before the 24th. Also the double of supply doesn’t necessarily mean a half in price if economic theory is to be believed. Then again if the shares didn’t drop I would be over the moon but I think a fall would be more realistic.
As for the unconditional shares bit of a wild guess for what it’s for in the end, way I see it all parties will want compensating for there time and effort involved in the share but Peterhouse and directors cannot buy in open market.
They certainly don’t need any more cash at least for the time being.
Finally my position on Antos is that he will either buy shares in the open market if there is a drop, and/or purchasing an excess of shares there will have to be an RHS of current holdings. People are putting a lot of faith including myself that Antos will pull this off, any whiff of him plowing more money in may be the green light many people need.
Again thanks for putting your ideas across to me as it’s always better to get others viewpoints on what will occur in the upcoming weeks. I wish you, me and every other holder in this share the best of luck!
As of right now its still just news, knowing the enlarged share number is totally different to people having the shares in their account. Wont be surprised if a significant number of people see the share price at 0.003 and decide a quick ROI of 100% and sell ASAP. Therefore even if price falls by a tiny amount due to this, lets say 10% for simplicity. This will result in people losing their nerve which will further drop it. Like i said i am invested, this drop is gonna be temporary and not long term.
not with certainty, but more than likely will drop on the day and maybe a few days after. Until an RNS of good news or a change in holdings from Antos pops up.
0.00125 open offer more palatable
For everyone who will read this, bare with me as i never do large posts so this might be pretty long. If anyone has opinions or believe i am wrong tell me.
Antos Glowski 6th of march :
RNS for a change in holdings when the price was barely holding 0.0012. right now my speculation is that his current price per share is going to be sub 0.0015
RNS, Wed 12th March:
The Company is pleased to announce that it has raised gross proceeds of £170,000 through the placing of 1,700,000,000 new ordinary shares
of 0.01p each (the "Placing Shares") at a placing price of 0.01p each (the "Placing Price") (the "Placing"). The Placing Shares are to be issued within the Company's existing share allotment authorities
Antos Glowski:
12th of march: Percentage of shares held fell from 20.87% to 14.22% but number of shares held stayed at 758 million.
Peterhouse March 13th 2019:
As part of the original general meeting while under the name Photonstar.
Additionally, conditional on the Proposals being approved by Shareholders at the General Meeting,
the Company has agreed to issue Peterhouse warrants to subscribe for new Ordinary Shares equal to 3 per cent.
RNS, 16th Arpil:
The board of directors of Bould Opportunities plc (the "Board") notes the share price movement
in recent weeks and confirms that it is not aware of any reason for such a movement. SP fell to mid 0.003
RNS, 1st May:
1.OPEN OFFER OF UP TO 5,332,221,134 NEW ORDINARY SHARES AT 0.0125 PENCE PER SHARE TO RAISE UP TO £660,000
2.THAT the directors of the Company be generally and unconditionally authorised, under and in accordance
with section 551 of the Companies Act 2006 ('the Act') to exercise all the powers of the Company to allot
shares in the Company or grant rights to subscribe for or convert any security into shares in the Company
('relevant securities') up to an aggregate amount of 1,759,632,974 shares.
This is 33% increase in currentnumber of shares or 16.5% of the new shares as of 8AM 24th may.
Now here is the first section of my "conspiracy theory". Starting at the beginning Antos glowski purchased shares in PSL sub 0.0015 (stab in the dark but id consider close enough). Due to a placing of shares around 12th of march, Antos was reduced in the percentage of shares he holds but not the quantity (this will become important). On top of this one day after it is said in an RNS that Peterhouse wish to purchase 3% of the newly issued shares of 5,332,221,134. Obviously they didn't get this as it was conditional on the back of 4 resolutions that only 3 of them passed. As a side note all directors will want compensation for their "work" in making the potential RTO take place. Next is the RNS of 16th of April in which the BOD released a statement that basically said there was no reason for the rapid increase in share price, I believe this was done to artificially push down the share price, in order to stifle the share price and make a 0.00
The open offer allows every shareholder to apply for excess shares. My prediction is that the excess will either be distributed as a percentage increase if applied for. For example if i had 1 million shares and applied for 2 million shares, they would give me lets say 1.2 million shares for ease (1mil guaranteed 200k excess or 20%). So the larger the individual shareholder is, the more of a benefit you will receive from the excess, and who are the ones a the ones who would benefit the most from this? Now lets move on to what i labelled as 2. of RNS, 1st May. The Directors wish to be unconditionally authorised to allot 1,759,632,974 shares, or an additional 14.1% of the enlarged shares if this is to pass, this will more than likely go to Antos/Peterhouse/Directors (in what percentages i have no idea). This will not happen ASAP as Antos may wish to buy shares on the open market around when the open offer shares will be distributed. I believe this day will result in a decent size tanking of the share price to even as low as Richieboy said but not for reasons he believes to be the case.
Even though people think that the open offer has already been accounted for in the current share price, this drop was based off news alone. The current number of shares still sits at 5,332,221,134. When this number increases to 10,664,442,268, basic economic theory states that an increase in supply will result in a fall in price due to an increase in quantity. At this point a massive number of shares will be sold as many people love quick profit and following people will lose their nerve. Following this, a mass of buying from Antos will increase his current holding, therefore sparking another RNS of a change in holdings. This will lead to a rapid spike in the price of shares as people will follow like sheep under the information released.
So Antos will have his Larger percentage of shares in the region of 0.0015-0.003, but there is little risk involved as it will shoot past purchase price within the day of an RNS. Now Antos has his original 758 million, plus whatever he buys open market, and his open offer plus any excess he might receive. Fast forward possibly a week or month who knows, but those 1,759,632,974 of unconditional shares, will now line the pockets of Peterhouse/Directors/Antos at a price that is totally unknown, so well could be well below market price and even the open offer price.
This now allows Antos to reap the benefits of having such a large holding in a company that looks to be performing an RTO into a large gold firm. Directors and Peterhouse are compensated for their work without having to buy from the open market which they are not allowed to do under Insider trading laws.
FINISHED
Warnings:
These is a loosely woven story of RNS's and my own opinion.
I am a shareholder that obviously carries biases as i wish for this share to succeed and make me rich in short
I am not a Financial adviser, but do study Financial economics
A quote from Richieboy "OK guys you have now convinced me this could be a good deal. I am back in at 0.042 :D"
Doesn't need any other explanation
Wait don't say his name, he will return and buy shares... Then they will drop again D:
Currently can’t even get an automatic price of £100 worth of shares right now. Hopefully it’s a good sign.
Ah i see it now, it also doesn't show how to buy excess shares either
Did online support through Halifax, they said the latest would be tomorrow afternoon.