Well a bit of fortune favours the brave. (Brought yesterday).
Sellers, at what I would call ridiculous prices (given placement) sure dryed up yesterday, even with the overall market sentiment. Up 27% yesterday. (Closed on 54 cents)
From my best attempt, the issueing of the shares (at US$0.80) and the options (A$0.20 cents over 3 years) results in an average benefit cost to the placement recievers of A$0.75. This takes into account only 2 of the placement companies recieved options (call them loyalty options by the look).
With yesterdays close on a messy day.....Boulder looks set to be able to reach somewhere near the issue price of the placement....or another 42-45% thereabouts.
Possible, that now given the funding is almost guaranteed for the working plants the price could easily reach higher than the placement levels as expectations are finally within sight. 80 cents to $1.00 a certain possiblility. Even if these levels are reached immediately....upside value to me, IMHO looks on the cards.
I understand many have been in this share for a while....but now it looks like they are getting all their poop organised. It would be unfortunate to see people run at the wrong time.
Just some comments for thought.
BGD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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