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Regency Mines Share Chat (RGM)



Share Price: 0.325Bid: 0.30Ask: 0.35Change: 0.00 (0.00%)No Movement on Regency Mines
Spread: 0.05Spread as %: 16.67%Open: 0.325High: 0.325Low: 0.325Yesterday’s Close: 0.325


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booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Mambare interview
Sat 17:03
They must be a treatment plant on the Indonesian island of Sulawesi if thats the case.
 
TrickyDickyTwo
Posts: 4,453
Opinion:No Opinion
Price:0.325
RE: Mambare interview
Sat 15:22
booboobooboo

Tsingshan will be producing mixed hydroxide intermediate product (MHP) from the new plants they are proposing to build in Indonesia. They will be processing the MPH further to produce class 1 nickel.

https://www.reuters.com/article/us-china-mining-indonesia/china-battery-firms-set-up-700-million-nickel-joint-venture-in-indonesia-idUSKCN1M80ON

Given all the new NPI operations and now proposed HPL plants in Indonesia by the Chinese is there space in the market for another nickel laterite operation?

TDT
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
Mambare interview
Sat 10:31
https://www.proactiveinvestors.co.uk/companies/stocktube/11224/regency-mines-andrew-bell-relieved-as-mambare-project-now-in-position-to-advance-11224.html

An almost honest interview and Andrew best to date.

He couldn't quite tell shareholders listening who our new JV partner is other than we now know its not DNi but confusingly as always the RNS refers to our JV partners as DNiP.

i suspect it could be Vince Sweeney .

Also he couldn't quite bring himself to revealing exactly why he's considering ore shipment ,but I would like to think we all now know the precise reason why that is being considered .The comedy is if it wasn't for me pointing out the processing carcinogenic MHP issues RGM wouldn't even know about it, so this major change in strategy is entirely down to my due diligence and research ,DD and research that was lacking 8 years ago when Andrew and Scott gave up 50% of our flagship asset for effectively nothing.
TrickyDickyTwo
Posts: 4,453
Opinion:No Opinion
Price:0.325
RE: Over the years i've seen Andrew Bel
Thu 12:32
In short, feck all

TDT.
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
Over the years i've seen Andrew Bel
Thu 10:21
blame both Regency mines and Red Rock's poor performances because of the downward turn in the stock market.

So for those who have followed Regency mines and Red Rock much longer than me, please could you tell me, in the upward cycle of the market what great things did Andrew Bell achieve?
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
Orion says:
Thu 10:13
"Zumore -from memory we listed at 6p or it traded to 6p on my daughters birthday 22nd Feb 2005"
.........
Ok so on first day of listing RGM was around 6p.

So if we reverse the 20-1 share consolidation that happened at RGM in 2015 that would mean todays sell price would be just 0.015p (or just over 1/66th of a penny).

So in effect Regency mines share price is around 400 times smaller than when it first listed on AIM almost 14 years ago.

So if somebody invested £100,000 in RGM when it first listed on 22nd February 2005, then today that former £100,000 invested would be worth around £250.
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Mambare
Wed 13:56
What todays RNS also confirms for the first time is ,there have been difficulties with the Mambare permit which has now been resolved,something i pointed out a while ago .

We have been running on an unofficial JV partnership for some time which didn't fit with the original JV contract which again has now been resolved ,something else i have also been trying to bring to shareholders attention .

Third parties interests ,well i think we have all heard that one before but this time could Scott find a way of accommodating them into his new potential best shell on AIM CZN ?
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
Mambare
Wed 10:17
Good news today for RGM, nice to hear thats all been cleared up ,inactivity there over the last 3 x renewal permits have been causing a number of issues locally .We have cleverly strung it along for as long as we can to save money waiting for Nickel prices to rise but a new program has in fairness been long overdue.

If we can put some of our coal profits towards this that would be great but obviously if we can't cos we haven't made any we are going to be looking at even further dilution.

If we don't deliver on our Mambare program we will of course have it taken away this time for good so everything is resting on our coal asset coming good.

Some reassurances in that part of RGM business would be welcomed.
Orion10
Posts: 1,929
Opinion:No Opinion
Price:0.325
RGM
Tue 16:02
Zumore -from memory we listed at 6p or it traded to 6p on my daughters birthday 22nd Feb 2005 . But I have not Googled. The USA coal project should have legs but my brief research shows cash costs of other producers in the area about $60 tonne. RGM seem to be selling coal for about $20 tonne less than cost. I would like to see it work -but does not look flash. Have any cash costs or AISC figures been released yet ?
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: More from 2017 RGM rnses
Tue 15:57
Having said that lets imagine the final profit for the year finishes at $1M for the sake of argument ,meaning the previous owner would if they had not sold the business of made a $7M profit .

So if that were the case the question is why would you then sell the whole business for only $3M ,this to me doesnt make any sense .
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: More from 2017 RGM rnses
Tue 15:51
Will a $24M turnover for 12 months result in RGM shareholders seeing any profit?

$1.2M county royalty

$6M rental ?

$3.8M 70 staff ?

$2M energy ?

$?M royalty to land owner

$14m total

So we could be pleasantly surprised and see a $10M profit at the end of the year.
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
RE: More from 2017 RGM rnses
Tue 13:25
Spelling error from last post. Should have said: "Well that wasn't truthful"
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
More from 2017 RGM rnses
Tue 13:23
27th March 2017 RGM rns Andrew Bell says on Rosa coal mine:

"Progress has continued, with necessary adjustments to the permits to enable use of a higher capacity drilling method creating only minor slippage in our timings. We expect sales and movements off site of mined coal in early April; we may achieve (but may just miss) our more ambitious target of first mined production by the end of March. This is a great milestone for us, " http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=gcsg3uac&ArticleHeadline=Rosa_Mine__Update

We that ^^ wasn't truthful. That was a lie.
...........

From 3rd May 2017 RGM rns Andrew Bell says on RGM Stephen Moscicki coal investments: "

"The Company is currently at a vital inflection point. With two projects now coming into coal production revenue in the very near term, the validation of our strategies will, we believe, become increasingly clear to investors. These are exciting times and the Company looks forward to providing further updates shortly" http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=aj5jglq1&ArticleHeadline=Project_Update_Placing_and_TVR

Again none of what he said above ^^ was true either. So yet another lie.
.........................

Let's be honest the present boss of this company has a shocking reputation with PIs. What an hopeless situation for shareholders when he's the mouthpiece of this company. It's ridiculous!
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
RE: Even the once rampant
Tue 13:03
And to those few who say "how dare you say he tell lies".

Ok let's watch this video https://www.youtube.com/watch?v=g_j5YDLCWXE from over 3 months ago on August 7th 2018. Watch the video from 7 minutes 40 seconds and you'll see him lie when he says:

Andrew Bell "And in a few weeks we'll have a model so well constructed and such a good idea of what we are doing, that we are going to be making profit forecasts"

Andrew Scott asks: "In a couple of weeks?"

Andrew Bell: " Well in a few weeks. Yeah"
.................

Of course that promised profit forecast never arrived. Over 3 months have passed. So you could call it an untruth but most would say a lie.
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
Even the once rampant
Tue 12:38
pumpers have pretty much lost the will to pump RGM. Shareholders get no help from the present boss and when the current boss attempts to promote he more times than not makes the share price dip. My take on this is that many PIs neither trust and many think he's a liar, so the more and more he promotes, the more and more he talks, the more and more lies come out of his mouth, hence the share price dips. So it all seems pretty helpless for shareholders because the voice of the company is in my opinion an huge huge MASSIVE hindrance to this share price. I'm always baffled why the big shareholders never attempt to remove him because he clearly is loathed by many AIM PIs and those who loathe him will never buy into this company why he runs it.

Back to the rampers of the past, here is PJ from last year: " When #RGM trades 6x higher at 5p the buys will flood in. Now below a penny we still only have a slow trickle. Unbelievable. Buy when cheap!!" https://mobile.twitter.com/pauljohnson9691/status/839844684419772417?p=v

So he must have said that ^^ when the RGM share price was around 0.80p.
......

And here's another blast from the past, Okenia from October last year:

"#RGM easy money 0.65p > 1p. Well consolidated at this level and surprises should be on the upside.

But this is RGM ..." https://mobile.twitter.com/DkOkenia/status/922500695168831489

Again another one ^^ who totally got it wrong on RGM.
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Yesterday Paul Johnson asked
Mon 16:20
But our projected turnover is $2M a month ,Omega were doing nearly $3M ,why the 50% drop in productivity ?
cashking
Posts: 12,247
Opinion:No Opinion
Price:0.325
Transport costs
Mon 14:49
Seem to be a major factor ! Either by road or rail !
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
RE: Yesterday Paul Johnson asked
Mon 12:16
If turnover and revenue are the same then the mining equity trust site says " For the year ended 31 December 2017, Omega sold 749,000 tons of coal, generating revenues of $34m. Omega employs approximately 70 employees with strong mining experience, competencies and customer insights"
..................
Though i don't know whether that $34million revenue made any profit? but you would hope so because now the new coal outfit have the additional costs of leasing two highwallers; but like you said yesterday booboo i would imagine those two highwaller leasing costs would be very expensive because i can't think of a more vital piece of mining equipment.
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Yesterday Paul Johnson asked
Mon 08:12
Morning Zumore

Can you remember wha the previous owners turnover was?
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
RE: Yesterday Paul Johnson asked
Mon 00:35
Booboo asks: "Based on that equation would it be fair to say 2 x $6M highwallers would cost to rent out $6M pa + costs?"
..............
Good morning Booboo i'm personally clueless how much an highwaller costs to lease but your figures look good to me. So i guess it's going to be touch and go to whether good profits can be made from the coal. And amazingly it's almost 15 weeks since the coal JVs been operating this coal operation so let's hope a very detailed coal quarterly rns drops promptly at 7am.
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Yesterday Paul Johnson asked
11 Nov '18
WC rent their cars for £149 a day equating to £50k pa.

To the best of my knowledge Teslas cost to buy £100k taking 2 years of full time rental to get your money back.

Based on that equation would it be fair to say 2 x $6M highwallers would cost to rent out $6 pa + costs?
zumore
Posts: 5,034
Opinion:No Opinion
Price:0.325
Yesterday Paul Johnson asked
11 Nov '18
on twitter: "Out of interest which resource company management teams do you think are doing a good job at the moment?"

Andrew Bell responded: " Us" https://twitter.com/AndrewBRRR/status/1061254607240945664
...................

I've got to disagree with Bell on this because with nothing to do whatsoever with how the USA coal operation is being run, that just leaves Bell's main RGM job to effectively promote the LH/RGM USA coal operation. Yet since the coal operation was announced almost 15 weeks ago the RGM share price has almost halved. So is that a good job? I don't think so.

I believe Andrew Bell has been at RGM over 14 years and RGM first listed on AIM almost 14 years ago at a 2p share price. Now if we reverse the 20-1 share consolidation that happened at RGM a few years ago that would mean the RGM sell price would be approx 0.015p; so that is a share price approx 133 times smaller than when it first listed. So if a person invested £10,000 in RGM when they first listed, then today that former £10,000 investment would be worth around £75. I think at Bell's other company RRR it would be around £110. So if we take away Bell's numerous excuses over the years, then it's a proven fact he's been an absolute financial disaster for most shareholders who've invested in his companies over the years.

Though looking at RGM & RRR from Andrew Bell's perspective i can see how he deems himself a success because he's been raking in the pay at both companies for well over a decade. So to sum up, it's been awful for most shareholders but great for him.
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Curzon
10 Nov '18
Good point Joe White Car is even more logical .

https://www.crowdcube.com/companies/white-car/pitches/bPWdJZ#providers

Present MK Cap £6.5M .

We also now welcome Joseph Jayraj to the EsTeq board. His experience in negotiation, deal execution, exit realisation, and company flotation, combined with his knowledge of global investment opportunities within the enviro-resources sector, extending to green infrastructure and renewable energy projects, has given him a set of skills that directly complement and extend Regency's own as we enter a new age of the battery and storage revolution."

Â

Mark Strachan, Whitecar founder and CEO, comments: "The new shareholders we expect to gain through Crowdcube will be excellent Whitecar ambassadors whilst Regency Mines and EsTeq offer us experience of the UK public markets and significant management expertise. We welcome EsTeq as an investor and Scott Kaintz to our board as our business enters a high growth stage."

White Car has an exit strategy of 2022 and doesnt expect to need to raise funds again between now and then so you could argue that thats 4 years away and quite a lot of effort for a tiny 4.9% holding (5.8% minus 15% dilution ),this investment is only worth around £325k .

I might be wrong but it looks like RGM Wc investment is now worth 20% less than their original entry price.
joebop
Posts: 2,960
Opinion:No Opinion
Price:0.325
RE: Curzon
10 Nov '18
"Not surprisingly Scotts name doesnt feature on any CZN director shareholding list"

Nobody ever said he was stupid booboo!! Curzon was a dog from day one, with many a red flag in the prospectus.

Harry really should have followed Scott's lead on czn, would have saved him from taking a thrashing on his stake.

A shell vehicle was my thinking also. For what though? Is mambare viable to put into it? Scott is also on the board of white car. Would a cash injection be more suited there?
booboobooboo
Posts: 1,661
Opinion:No Opinion
Price:0.325
RE: Curzon
9 Nov '18
Not surprisingly Scotts name doesnt feature on any CZN director shareholding list ,that will have to change .He won't get away with not having any of his own dough in the game or is he going in under a RGM umbrella?

If thats the case then this is in effect a backdoor takeover by RGM ,STOP the clock .....the Mambare /DNi shell has now been sourced.

Presumable Yorkville are on board ,combined with RGM's holding they hold 50% of CZN and so they can do as they like which is probably how Scott got his appointment of CEO in the first place.

Meanwhile Andrew has been getting the DNi team onboard ,no need for him to fly to Oz either to conduct his wheeler dealing, as all but one of the board of directors live in the UK.(The only Oz remaining member being our unofficial Mambare JV partner who background is in City(Sydney) finance )

All speculation of course .




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