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MrMagic, another post detailing how bad you think rgm is and how you will be steering clear, you put a LOT of effort into posting here for someone who isn't invested...... are you short? or do you just have a grudge?
Either way if you are not invested and never will be why constantly monitor and slate this share? makes me wanna buy more lmao
Doesn't look good does it CDF.
The SP here is 77% since December when Parsons & Co added over 7 billion shares to the 1.5 billion in issue and then consolidated on 1 colossal 1-100 basis. Second time these toxic shares have been consolidated ! Nominal share value was also lowered from 0.1p to 0.01p so dilution could continue.
Even post consolidation in Dec, when the shares in issue were then 86m and the SP 3.5p Parsons & Co have, within just 6 months of operation, managed to decimate the SP down to 0.7p-0.8p levels and increase the share issue to 190m (more than double!).
I have no sympathy with those who bought shares from Dec all the way to today's depressed SP. This kind of SP decimation has been the track record of the company for years, just endless dilution and £millions wasted on salaries and Admin. The simplest bit of research into the Annual Report results is enough to tell anyone how this company rolls. Anyone who believes the BS ramping sound bites from Twitter stooges and here simply deserves to lose their money.
Even despite a recent lift the SP here has simply collapsed again and remains 77% down since Christmas and there is no doubt in my own mind that the SP is heading back to 0.7p levels and will then drop lower from there. No-one likes sitting on paper losses of course but in AIM lifestyle tiddlers that perpetually engage in confetti share issues, doing so is catastrophic imo. The longer you hold on, the more chance of running into the next batch of dilution. A never ending downward spiral.
A quick look at the charts below for 1 month, one year and 3 years shows the constant downward trend caused by the business model here.
https://postimg.cc/ZvyRqjMN
Each to their own as always. For myself, I'll be steering very clear of this
DYOR
I take it the Q&A session 29th June (TODAY) must of instilled much confidence?
When in March 2018 Luke1 said to Mr Magic:
"You are correct though in calling me old bean, a term I rather like as I am old and long-retired and barely have a bean ! That is until Regency multi-bags hopefully now sooner than expected ? Go on Mr M buy some whilst they are cheap at a halfpenny and I will buy you a drink at the 1p party I shall organise ! Cheers"
..........
Because of the recent 1-100 RGM share consolidation, the 0.5p share price that Luke1 tried to persuade Mr Magic to buy RGM share at (back in March 2018), would actually be equivalent to 50p price today.
So an utterly dreadful company. And the sad thing is, at this very moment I believe Scott Kaintz is doing a question and evasive answer session, no doubt talking about blue sky potential (in translation that means pie in the sky potential). So no doubt lots of dreamers will be getting suckered again.
unbelievably I see that Neil Howell (or lse's Luke1) is still in this hellhole. He's been in RGM for well over a decade and he's lost fortunes.
The other week he posted on twitter:. "Hope you are right Doc ! About the expected price hike not your diet !! Ha cheers . I am in here massively deep at £285k so need it !"
https://mobile.twitter.com/GBennettr2/status/1268533854639460353
Of course only worth a few thousand now. That £285,000 has long long gone.
I genuinely feel sorry for the guy. He's around 80 years old and he just keeps peeing his dwindling money away in RGM. He's like Stephen Pearce, but older. Everybody over the years has tried to help them but that justs triggers them to pile more money into RGM. Alas they cannot be helped.
He hasn't posted for a while on lse. Looking at his old posts, he blames derampers, never the management. I guess that's why he piles more and more into RGM.
https://www.lse.co.uk/profiles/luke1/
I guess that will be two "noes" then.
Why do the directors hold no real skin in the game here?
Why are the directors still taking salary when the company loses money year on year on year?
When is the next batch of utterly worthless confetti?
When is the next laughable share consolidation going to happen?
etc
The best question : Where is all the money gone? Why endless dilution? But maybe the best question: Is there any company in the world with more dilution?
Submit your questions to CEO Scott Kaintz via our Q and A platform https://tinyurl.com/ybmvxgd3.
Questions will be answered during a live session 29 June 12-2pm. You can also ask questions during the live session. #RGM #Q&A @Regency_Mines
https://twitter.com/Regency_Mines/status/1276100614028775425?s=20
After the short lived pump the SP has clearly resumed its downward trend imo
Take a look at the chart
https://i.postimg.cc/HsjXvFfQ/RGMDownward-Trend.png
Also worth clocking the longer term charts too which all demonstrate value destruction
https://i.postimg.cc/gjDrBZCT/RGM6-Charts.png
Very much an avoid for me
DYOR
https://twitter.com/Regency_Mines/status/1275384662391652353?s=20
Defo some day trading going on here, buy £10,640.00 worth - 1000,000 shares and pronto sell at sp 1.1p making £360 profit on a joker company.
Is that potato face Andrew J Bell still part of Rgm?? He screwed too many investors by selling out of Ggp , he bought at 0.04p and sold way too early. Bell end we used to call him in 2014.
Best way to make money on your shares in Rgm is spread betting or Cfd that they go down , make money when sp goes down.
Is Rgm great for day trading on Ig , buy Rgm shares to loose value and make money??
Showing over 7% down. SP clearly heading back to former 0.7p "pre-pump" levels imo
Some sells at 0.91p on the secondary market
http://www.nexexchange.com/company-all-latest-trades?isin=GB00BKM69866&listingtypeid=PLSU
The SP has lost some 73% of its value since Christmas and consolidation. What a crock !
DYOR
The old chestnut that Mr Parsons worked for Shell. People must be desperate to try and pump the share. He used that one at Sound Energy and it worked there. So why not use it again here. At Sound it was a known " fact" that Shell were looking over the fence with jealous eyes ready to "jump in". I think they must be licking their lips at the prospect of the peaky blinder in downtown Southport. Shovels at the ready. A new plug with 3 amp fuse. Might the "tight squeeze" come in handy? Do not worry your pretty little heads that the third cash raise in 6 months has come and gone. Do not worry your pretty little heads that over £1,500,000 has been raised and the share price has fallen from 3p+ to 1p. Do not worry your pretty little heads that a former Shell man expects to be paid a commensurate salary. After all, it is only shareholder money.
JP worked for Shell
"He started his career with the Royal Dutch Shell group in 1994 and spent 12 years with Shell working in Brazil the Dominican Republic, Scandinavia, the Netherlands and London"
He may have spoken to them when he was "running" Sound Energy. The rest is history.
Did not realise Parson has links with Shell, as confirmed by Doc Holiday, very interesting indeed.
Maybe, just maybe, the tide is turning and finally Parsons is starting to have influence.
lo Helpful. Still desperate
Director buy was 1%
Laughable. No confidence. No skin in the game. Always the same with confetti issuing AIM companies
3hrs left for PIs to get out before the weekend.
DYOR
A Company Director, Ewen Ainsworth, has also participated in the placing of 500,000 new ordinary shares and 500,000 warrants. The placing shares and warrants issued to Ewen have been included in the table below, which sets out Ewen Ainsworth's total shareholding and interests.
The deal is good for a number of reasons:
What the new portfolio is looking to do is price arbitrage. So this reduces the capex, the planning risk, the operational risk and the pricing risk of changes in natural gas prices. The batteries will buy electricity from the grid when it is cheap and sell it back when it is expensive. Limejump will do the trading: have a look at them, they are proper outfit.
The plan also reduces the time to get a plant operational once all the parts are in place. The biggest issue is getting a grid connection: you have to have agreed with the network operator on what basis they will connect you, they charge you a fee and when they make an offer is under their control.
If the first plant has all the bits in place by the end of July, I would expect it to be generating revenue in September.
This also gives RGM another source of deals other than the ones it generates itself through its existing pipeline. The one they are trying to do at Southport is bigger and more complex than these deals and consequently is more difficult to get over the line.
DYOR
1m shares sold at 0.97p
Sensible person imo selling before end the day
With the pump and dump done with last week, and the oh so predictable fundraise announced today . . . .
I definitely would not want to be left holding here at the weekend !!
DYOR
Well we should know shortly how good or bad this deal is regardless of what the derampers say. There is a ready market in these assets: RGM can either stay in a deal and take the revenue or flip it and take a quick profit.
IRR is typically 20%.
Ideally what RGM does is flip one and keep one. Keeping one covers the G&A plus a bit more and means that capital raises will only be for new deals.
Anyway, the cash raise probably means that RGM will announce a work programme on the Vanadium asset next and then the GPR for Mambare.
DYOR
Incorporated On :- 18 September 2019
https://www.weirsdrove.com/projects - Since 2011 ??????
DYOR & GLA