21Moon

It's set on the Moon and we're all trying to transport valuable
minerals and perhaps some people. Trains are transports, stations are
depots, and so forth.

The big random setup factor is that the 17 mineral hexes are assigned
a kind of minerals during setup. The value of minerals (the value of
the station in the hex) changes with the colour of the tile laid in
the hex; three increase, Armacolite decreases, and Magnetite is always
trash. The other random factor is that one company is only available
from SDR 3.

The game always runs for 5 SDRs and the corresponding ORs. There's no
breaking the bank.

The Space Port isn't like London, six separate stations. All seven
companies can run out of any exit, which I guess can make for some
pretty sharp-elbowed tokening. The board also features some offboard
areas, a reserved hex for the Passenger Terminal, another oddball
station tile - and the Rift in the north, which only the Space Bridge
private can be used to build over.

The stock market's a pretty normal two-dimensional one.

There are six privates. They grant a special power to the company that
buys them in; using this usually closes them. There's a maximum buy-in
price for each one. They close at the start of OR4.1 if not closed
beforehand.

The Old Landing Site becomes a token.

The UN Contract lets you add or remove a 3/4/5/6 train from the
stack.

The Space Bridge lets you build across the Rift and gives $60 the
first time you do so.

The Research Lab is a bonus $20 token on a hex (for every company? I
don't see why not from the rules).

The Passenger Terminal lets you play the tile on the relevant hex and
gives you a token there.

The Tunnel Company lets you just take a share certificate from the
market (this power can be used by a player) and provides a $10
discount on mountains (not hills, which stay at $10).

The game starts with the private auction. These are sold in a fixed
order. On each player's turn they may:
 Buy the first company in line
 Bid (at least the face value + $5, $5 increments) on a later company in line
 Pass.

Whenever a player buys the first company work down the line looking at
the subsequent companies in order. If they have:
 Zero bids. Stop doing this; the next player takes a share dealing
 turn.
 One bid. Sold to bidding player. Check next company in line.
 Two bids. Auction this company. Check next company in line.

The auction is pretty standard, $5 increments. Pass once and you must
keep passing. I think at the end of the auction the share dealing turn
just passes clockwise again.

If everyone passes their share dealing turn, the face value of the
first company in line is reduced by $10 and a new share turn begins. A
player must take a company offered at $0. The share round does not end
until all privates are sold.

Companies can buy shares in companies (even their own, except you
can't buy your own IPO shares). This means there's a difference
between shares in the IPO and shares in the company treasury; the
latter pay it dividends. 

When you start a company by buying 20%, the remaining 80% become IPO
shares. The company gets the share price of these as and when they are
sold. Companies actually float when 50% is sold, but even before then
they can do "Corporate Round" stuff.

Stock rounds are fairly normal except that instead of a buy you can
swap any (non-Director's) certificate you own with any certificate a
company you are the Director of owns, regardless of nominal value.
This is the only way a player can take a certificate from a company's
treasury; you can't buy them. You can't buy past 50%, but you can get
there via shenanigans, mostly these cert swaps.

After each SDR there's a "Corporate Round". Each corporate can sell
treasury certificates, issue IPO certificates, and then buy no more
than one certificate. Companies can't be Directors even if they have
the most shares; they don't have a cert limit (but since they can only
buy one share per SDR and there's only 5 SDRs, I don't see how they
could exceed it).

Every company has two bases, one at the Spaceport and one "local".
Each base can have up to two trains assigned, and when you buy a train
you have to assign it to one base or other. The Spaceport's trains
always pay a dividend; the local base's trains always withhold. If you
have fewer than 4 trains, you can move one between bases before
running trains.

You can always upgrade city tiles you can reach. You can only upgrade
plain track tiles if you can reach some of the new track. Each base
gets one build action, which can be a lay or upgrade.

When you run routes from a base, one route must visit it. The other
route (if any) must meet the first route at a station, and must visit
either the base or a token. Tokens also block other people's routes as
normal.

A route from the Passenger Terminal to an Eastern off-board area gets
a bonus $30. An East-West offboard route gets a bonus $100;
additionally, each offboard area starts with four bonus tokens and if
a company runs such a route it may take one token from one of the
offboard areas visited if it does not have a token from that area
already. Such a token is worth a bonus $50 share price at the game
end.

You can't triple-jump. You take a single jump on a payout half (or
more) your share price.

Train sales between companies are at any price. No more than one train
can be bought per base per turn. A company must buy a train only if it
has a possible route to run one on. The emergency money raising
procedure is pretty standard, except it if fails the company is also
bankrupt. There's a receivership process for a company with no
Director but this can only happen as the result of a player who was
Director of >1 company going bankrupt so I sha'n't detail it.