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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme


Regency Mines Share Chat (RGM)



Share Price: 0.20Bid: 0.15Ask: 0.25Change: -0.025 (-11.11%)Faller - Regency Mines
Spread: 0.10Spread as %: 66.67%Open: 0.225High: 0.225Low: 0.20Yesterday’s Close: 0.225


Share Discussion for Regency Mines


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booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 13:30
Cheerleaders PG and MJ are now leaving the building!
 
Cgull
Posts: 307
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 13:19
Yes Booboo but AB isn't worried. He bought them with money he has taken out of the company with his ridiculous salary.
Daisan
Posts: 5,854
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 12:56
Well, they are part of a loose team so you would have thought it would be nice to let them know. I suspect that you are right though.
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 12:56
The SP has nearly halved in a month since Andrew purchased @ 0.38p
FitLikeBowWow
Posts: 288
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 12:53
" I wonder whether PJ let them know before he started selling?"

Do you honestly think that? There hasn't been an unseemly rush for the exit so I doubt it.
Daisan
Posts: 5,854
Opinion:No Opinion
Price:0.20
RE: Holdings
Today 12:22
Significant because his acolytes have significant holdings here as well. If they start bailing then there won't be many people left to keep the company afloat. I wonder whether PJ let them know before he started selling?
Cgull
Posts: 307
Opinion:No Opinion
Price:0.225
RE: Holdings
Today 11:46
Possibly. If he based his decision to sell in the full knowledge of something that wasn't public he is insider dealing. This is AIM though. The rules are like the traffic lights in Manila. Telling complete falsehoods in RNS is also against the rules and yet.....
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.225
RE: Holdings
Today 11:37
He likes to refer to anyone that doesnt agree with his rosy views a Troll but now that he's seen the light ,does that make him a Troll for RNS's his reduced position ?

Also if he was the proposed AB replacement and had inside information ,can he legally sell down?
Cgull
Posts: 307
Opinion:No Opinion
Price:0.225
Holdings
Today 11:30
The pumper and flag waver in chief has reduced his holding. Why? He was always promoting this dog and its leader as the comeback king. Oh dear.
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.225
Coal PROFITS
Today 10:55
If coal profits don't start making a contribution soon and RGM continue to press ahead with exploration on their 2 projects ,inc. admin ,loan repayments etc we are going to need something like £3M to continue a going concern in 2019.

Even assuming a small discount on todays SP we could be looking at something close to 2,000,000,000 news shares entering the market.

Eye watering amounts demonstrating the absolute necessity for not a profit forecast (we have passed that stage) but an actual profit delivery .
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.225
RE: Came across this !
Sun 22:36
If this company is still around in a year, then i predict well below 0.05p.

Zumore based on your prediction and provided RGM remain a going concern for the remainder of 2019 ,PI investors in RGM today will most likely lose 80% of their investment within 12 months.

If coal profits remain allusive though during 2019 then I would suspect they would lose everything.
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
This is Paul Johnson
Sun 18:38
on 1st March 2017. He had just had a meeting with Andrew Bell to discuss RGMs coal projects. He then posted some twitter notes about his Andrew Bell meeting:

(1) "#RGM Meeting notes: meeting reinforced my long held belief - AB is recovery man waiting for his opportunity - this has arrived with coal opps."

(2) "#RGM Meeting notes: clearly shifting fast from past underfunded biz, to now well backed then 2 self-funded revenue generator.Strong dynamic plan"

(3) " #RGM Meeting notes: pace of development surprised me. Positive partner relationship working efficiently together to deliver production asap."

(4) " #RGM Meeting notes: full reveal of potential best demonstrated on production, when estimation turns to facts based on volume & price."

(5) "#RGM Meeting notes: recognition of need to inform market of developments, especially as events unfolding very rapidly"

(6) "#RGM Meeting notes: alongside Rosa scaleability of project portfolio very significant. Rosa looks to be first coal project of a number."

(7) " #RGM Meeting notes: Rosa will be significant asset, and clearly Co. transforming on first and thereafter ongoing production news."

(8) "#RGM Meeting notes: Rosa on track as per RNS & coal sales on schedule this month."

(9) "#RGM Mtg notes: lots of DD work gone in to assess and structure Rosa & new opps. Therefore strong confidence in delivery potential."
................

Of course gullible PIs loved seeing Paul Johnson's meeting notes but Rosa ended up being a scam.

How the hell did Andrew Bell not get sacked or imprisoned for this because the RNSes and RGM tweets back then were littered with lies and PIs lost fortunes based on those lies.
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
RE: Came across this !
Sun 18:05
I still say it was one of the biggest AIM scandals of 2017. RGM were making out they had two coal projects on the brink of coming into production. This is Andrew Bell's comments from the 27th March 2017 Rosa coal mine update rns:

"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, and further announcements will be made as we bring the mine on stream"

In 3rd May 2017 rns Bell said:

"We are very excited with the opportunity presented by the expanding coal business within Regency. Following the extensive work undertaken in recent months Regency now has access to numerous coal projects and has been structuring the transactions surrounding each with a view to maximising the return available to equity, warrant and option holders in the Company. This work has very recently identified certain additional steps that can be taken to accelerate project two into earlier production. Given the substantial benefits this acceleration will provide we have chosen to take a small amount of additional financing to secure this acceleration.

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"
......................

During that period RGM, Paul Johnson, Greets, and the rest of Johnson's boys were swamping twitter and saying how great RGMs coal projects were.

Nothing happened. Silence descended and then RGM quietly slipped in reports that they had written off near £900,000 invested in Stephen Moscicki's Vali carbon corporation and then over £1 million had been written off that RGM invested in Stephen Moscicki's carbon coal corporation, which was Rosa coal mine. So near £2 million squandered.

Since then RGM have joined forces with Legacy hill resources and invested $2 million in another USA coal project. It's been producing for almost 7 months but RGM won't say whether it's making profits or losses. The silence suggests to me losses.

Lots of those coal pumpers of 2017 https://www.regency-mines.com/investors/shareholder-information/major-shareholders/ are now well and truly stuck in this. Bear in mind in spring of 2017 this share price hit 1.30p. But huge dilution since, also huge debt, now 0.25p, also no sign of any new suckers buying in so they can escape. So their investments look doomed.

If this company is still around in a year, then i predict well below 0.05p.
cashking
Posts: 12,353
Opinion:No Opinion
Price:0.225
Came across this !
Sun 16:37
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
RE: From today rns:
Sat 13:17
Yes i agree booboo, it looks pretty bleak here.

I also think these adjournments are because the large shareholders first want to see a new CEO and Chairman appointed because i'm suspecting they have little trust in Bell or Kaintz. If yesterday the large shareholders had foolishly allowed RGM to disapply the pre-emption rights. then Bell and Kaintz could quickly hand a shedload of shares to YA; they could also do huge placings without offering the large shareholders any, then before you know it Bell and Kaintz would have regained all the power, then no doubt Bell would quickly be back to being CEO / Chairman and the previously large shareholders wouldn't be able to do a thing about it because Bell and Kaintz would have diluted them into oblivion.

So i'm suspecting these adjournments could continue until a new CEO & Chairman is brought in. So i think they are very wise not to trust Bell and Kaintz.

Wow what a pickle the large RGM shareholders have got themselves in. Whichever way i look at it i think this share price will be multiples smaller within 12 months.
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.225
RE: From today rns:
Sat 08:30
Its a long death , but it is still happening .I predict a SP buckling as inevitibly 2,000,000,000 new shares enter the market between now and loan repayment day in 12 months time.

The ultimate question is will RGM remain a going concern during 2019 ,or are we reading too much into the reasoning for Andrew attempt to jump ship?
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
From today rns:
Fri 22:07
"The adjourned meeting to consider AGM Resolutions 4 and 5 (authorising the Directors to allot equity securities and disapply pre-emption rights) has been deferred to 12.30 pm on 25th February"
...............
A reminder of what pre-emption rights are: https://www.informdirect.co.uk/shares/what-are-shareholder-pre-emption-rights/

So Bell and Kaintz want to get rid of these pre-emption rights and then they won't have to offer the large RGM shareholders a chance to buy any new shares in any new share issue. Which would mean the present large shareholders stake in the company would soon get obliterated if Bell and Kaintz issued new shares and avoided offering any to the large shareholders. So of course those now large shareholders would soon become much weaker shareholders if that happened.

Also in May 2019 RGM will start repaying YA back $50,000 a month until Feb 2020 (so ten payments). Then come 28th Feb 2020 RGM will have to repay YA one big bullet repayment to pay off the remainder of the YA loan.

Now correct me if i'm wrong (maybe Stephen) if you large shareholders hold firm and don't let RGM disapply your pre-emption rights, then RGM won't be able to pay YA those $50,000 payments + bullet payment by issuing YA new RGM shares? If that's true then you should all hold firm or else you and all other RGM shareholders would get diluted into oblivion by YA.

This is a funny joke to end on.:) Why don't RGM make those $50,000 repayment to YA from the forthcoming coal profits. :)))
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
Freedom shot says:
Fri 20:57
"Where is that HarryAIM gone from here Bamboos or whatever he was called? That guy was unbelievable!"

Yes indieed he is. He's a shocker alright! And Harry and Bambos are the same person. If not we have two conman.

Fortunately reporting won't help because admin take a well earned break at the weekends. So this is not going anywhere.
FreedomShot
Posts: 18
Opinion:No Opinion
Price:0.225
RE: When the 25th January agm
Fri 19:39
Where is that HarryAIM gone from here Bamboos or whatever he was called? That guy was unbelievable!
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
When the 25th January agm
Fri 18:06
got adjourned the mid RGM share price was 0.375p. After todays second adjournment it is 0.225p.

I can't imagine they are happy.

And just because Bell was recently re-elected director and Kaintz was a year or two ago, that doesn't mean the ineffective duo shouldn't be sacked or asked to step down in disgrace. I mean they invested near £2 million with Stephen Moscicki and rather bizarrely they never went through the courts to try to retrieve back that money.

They should be sacked because they offer nothing to shareholders and they certainly don't entice seasoned AIM investors who know all too well about Bell and Kaintz dismal track record.
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
RE: MET coal numbers
Fri 17:50
Yes cgull i agree it's absolutely scandalous. In exactly two weeks time the JV would have been operating this USA coal mine for 7 months. Shockingly he still won't say if they are making profits or losses.

And i'm sure you can correct me if i'm wrong but i don't think directors can buy shares within 60 days of a report. I believe RGM will have to get out their half yearly report by 31st March.
Cgull
Posts: 307
Opinion:Strong Sell
Price:0.225
MET coal numbers
Fri 17:39
These are price sensitive information which should be reported. Those are the rules. How is this man not in jail?
Cgull
Posts: 307
Opinion:Strong Sell
Price:0.225
RE: Adjourned AGM today
Fri 17:35
It has a whiff of rebellion about it. Will AB buy more shares to consolidate? I only takes the money back out of the company anyway. The rrr holding is now insignificant. Petards and hoisted springs to mind.
zumore
Posts: 5,205
Opinion:No Opinion
Price:0.225
RE: Adjourned AGM today
Fri 17:22
It's been adjourned again booboo. Those who have been attending haven't uttered a word what's been happening.

And Freedom shot, considering that the meaning of "conman" is:

"a man who cheats or tricks someone by gaining their trust and persuading them to believe something that is not true."

Regarding the Rosa coal mine scandal that seems a perfect description. So yes definitely a crook and should be prosecuted. After all many many investors believed those shocking lies and many lost huge amounts of money because they got duped by those lies.
booboobooboo
Posts: 1,818
Opinion:No Opinion
Price:0.225
RE: Adjourned AGM today
Fri 16:32
Does anyone know why this important meeting was adjourned?




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