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Incorporated On :- 18 September 2019
https://companycheck.co.uk/company/12213998/WEIRS-DROVE-DEVELOPMENT-LIMITED/companies-house-data
https://companycheck.co.uk/director/926898019/MR-TIMOTHY-JOHN-DOBSON/summary
https://companycheck.co.uk/director/914291177/MR-CHRISTIAN-JAMES-KURT-YATES/companies
IF THIS OPPORTUNITY IS SO FANTASTIC WHY HAS THERE NOT BEEN ANY ADDITIONAL SHARES PURCHASED BY THE BOARD !!
DYOR & GLA
Just so utterly utterly predictable from last weeks blatant pump and dump attempts.
If people can't smell the routine confetti issues here by now they never will.
So since Parsons came in he's managed to add over 7 billion shares to the 1.5 billion that were in issue at the time
Then consolidated the shares on a 1-100 basis to mask the embarrassing SP (share had already previously been consolidated 1-20)
At that point the SP was 3.5p and the number of shares in issue was 86m
Since then in just 6 months he's now managed to up that number of shares in issue to 190m
As I have said numerous times, anyone who follows the lame baseless ramping of the Twitter morons or other professional rampers thoroughly deserves to lose their money.
This will drop right back to 0.7p levels imo and the worthless confetti will just keep coming. With naff all income here and salaries to be paid and Admin running at around £742,000 a year, confetti will be endless.
DYOR
So, as I see it this morning, somebody mentioning no name pumps the share, this further to recent pumping on Twitter, then miraculously some ‘largish buys’, one could think the three things coupled together might be to try and entice the naive sheep to the slaughter! DYOR & GLA
Is this the cornerstone investor? Some would be disappointed by this ground breaking event, not me. Shovels at the ready folks. More shares to shift. Jumping on the bandwagon after it has lost a wheel is the forte of Mr Parsons. I see he is buying more shares, or not. Do as I don't do. More fresh shares to unload onto the unsuspecting naive investor. It is what he does. Trades a mornings excitement for years of regret. Do you really want to get involved? There is still no income at Regency and the number of shares have tripled since the arrival of Mr Parsons. Would anyone be prepared to predict what is going to happen in the future? Please give your answer in billions of shares.
has been missing since the 3rd of March, then up he pops!
Now who is telling the truth, who is looking out for fellow PI's, who is ramping, and who is playing games!
DYOR & GLA
"There are multiple near shovel-ready projects in the WDD portfolio:
-- A 30MW battery storage project in Burwell, outside of Cambridge and in close proximity to the Burwell substation
-- A 40-year lease has been negotiated with the Burwell landlord, and a grid connection and associated planning permission is expected by the end of July 2020
-- Limejump Ltd., owned by Shell New Energies, have submitted an offer to provide a route to market and trade Burwell's storage capability for revenue as a demand side response aggregator
-- A 5MW battery storage project in Malton with a grid connection, land lease and planning permission in place
-- Additional energy storage and solar projects of varying sizes in earlier stages of development"
Thanks to MrMagic I decided this week to cash out most of my holding before it crashed & burnt, and whilst I took a small hit this was much better than losing the total lot.
It is clear from the below historic posts of which I have added that he has obviously been looking out for PI's, so i would like to say a BIG thanks to him for his advice. DYOR & GLA
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MrMagic
Posted in: RGM
Posts: 12,484
Price: 0.575
No Opinion
RE: JV with Legacy Hill18 Jun 2018 18:21
Stephen - "You don't have to like the RGM management, you don't have to like RGM's other assets."
No but you DO have to understand how much money the BoD of both RRR and RGM manage to spend available monies and see so much precious cash end up in Admin and Expenses.
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MrMagic
Posted in: RGM
Posts: 12,484
Price: 0.625
No Opinion
RE: Zumore is it you?17 Aug 2017 11:56
lols Greets
And someone else sold 1,000,000 yesterday at 0.618p and then 1,500,000 at 0.618p and over 500,000 at 0.58p
And today 1,500,000 at 0.60p
So that's about £24k worth sold at the bottom end. I guess they don't have any confidence in the future of RGM !
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Read it again, you're not even close
My car cost more than that company. Why do they need to raise it with all the costs and dilution involved? We all know why. What idiots will get involved?
Error in last post. Should have put £30,000 (not £35,000).
Quick glance at rns:
(1) £210,000 fundraise.
(2) £25,000 to get 50% stake in Weirs drove development ltd.
(3) At a later date Weirs drove will sell the other 50% of their company to RGM for £35,000.
So to sum up the owners of Weirs Drove developments want to offload all their company to RGM for £55,000.
I see 2 more sells of 750,000 shares each were snuck in at the bell today. 0.94p and 0.95p.
Clear to see where this is headed. All the way back to 0.7p imo and then further South from there as the confetti keeps on coming as it imo inevitably will. Extremely glad I didn't fall for the recent P&D. Same old.
DYOR
Another sell, this one at 0.915p
458,169 shares dumped
Posted on the secondary market here:
http://www.nexexchange.com/member?securityid=2074904
Not looking good imo
DYOR
Translation:
Borrower is upset with lender. Well that only ends one way, fall out with the lender and your lose your assets. I am sure that if RMC/RMI want to pony up and repay the loan at full face value, JP will be more than happy particularly as we have a deal to buy more of the RMC/RMI debt at a discount.
https://www.londonstockexchange.com/news-article/RGM/nickel-deposit-debt-acquisition-funding-and-tvr/14494864
Regency has agreed to purchase AUD 1.71m of outstanding corporate debt in RMI from Sinom Hong Kong Limited ("Sinom"). The consideration is £178,096 cash plus 13,288,982 new ordinary shares ("Consideration Shares"), representing (at a price of £0.011 per ordinary share at the time the transaction was finalised) an aggregate consideration of £324,275 (the "Transaction") being a 62% discount to the face value of the debt, effectively at full face value an equivalent issue price of £0.05 per share. The new shares are subject to a lock-up for one year.
Regency has been granted a 6-month option, extendable at the election of Sinom, to purchase the remaining RMI debt of AUD 3.05m for consideration of 23,711,018 new ordinary shares and AUD 640,000 in cash, which represents a similar discount to the initial acquisition.
So Mr Australia can get as upset as it likes, he pays up or shuts up.
DYOR
There it goes. Large £10k sell at 0.96p
This is, imo, heading back to 0.7p levels now that the P&D is over. Trend is clear on the chart.
Holding onto shares in AIM dilution companies is a recipe for disaster I have found. Swallowing one's pride and frustration and taking a small loss early is way better than clinging on and watching all the value seep away imo.
I would not want to be left holding here at the weekend
DYOR
The State of Emergency was lifted in PNG 2 days ago, travel restrictions also lifted.
https://www.worldaware.com/covid-19-alert-papua-new-guinea-ends-state-emergency-june-16
No evidence to suggest Parsons has upset any Australians, on the contrary in fact.
No-one seems to have commented about the strength of the cornerstone investor, Sinom Group, that now has a near 8% stake in Regency, they have been funding Resource Mining Corp (owners of the Wo-Wo Gap nickel project) for some considerable time. They look a financially strong outfit.
https://www.sinomgroup.com/about.html
Could be a turning point in RGM fortunes, not reflected in the £1.7m m/cap so far at least.
The state of emergency is still in place in Papua New Guinea. Nothing doing until it is removed. Mr Parsons appears to have annoyed two Australians. The first at Mambare where he succeeded in reducing the JV to a 41% minority role. No control. The second at WoWo Gap where Regency bought some of the debt owed by RMI. Without prior notice to the notice of the BOD of RMI. Not a good start to any discussions, if any. The exploration license renewal at WoWo has been put on hold until after the SOE is lifted. And then it could take 9 months of more. So, nothing happening in PNG anytime soon. Come back in June 2021.
The peaky blinder news in downtown Southport is overdue. Times are changing. Isn't "shovel ready" good enough to get investors salivating anymore? Will the company collapse without that cornerstone investor? Was it the great Warren Buffet who said " do you feel lucky punk, do ya" or a Pussycat Doll? It doesn't matter. The future is bleak.
consolidation is misunderstood by people... You don't lose any value in your holding after a consolidation.. I think it is important to make this clear.. The new team Parsons etc should be given time. The past is irrelevant bit only to recognise that the share price is at historic lows... Great time to buy. Next few days, weeks and months should see some upside
They are trying to pump the price with some new twitter message about nickel
Only thing it is primed for is more and more confetti issues. SP will only ever keep losing value as a result of the business model. Occasional mini spikes occur but for anyone holding the value just seeps away and is never regained.
The share is still 71% down from just Christmas for goodness sake. God knows how much more value will be lost by the end of the year.
Already 3 capital re-organisations have had to be done with this utterly disastrous share
Nominal share value lowered from 0.1p to 0.01p so dilution could continue
Shares consolidated on a 1-20 basis
Shares consolidated on a 1-100 basis
So already consolidated by a factor of 2000 !!!! Such has been the SP decimation here.
Losses incurred every year, £millions wasted on Admin.
SP is clearly falling back to 0.7p levels now imo and will continue its regular decimation from there as and when then next batch of worthless confetti is issued. There surely can't be many mugs left out their to buy up the confetti imo.
DYOR
i think many placees and those that bought at 0.08 and below have made money and have existed. This is primed for some mega upside now
I predict it will finish under 1p today
Last week's pump & dump is so very clearly over. SP is relentlessly heading back down to 0.7p levels and will imo continue Southward from there on the next issue of worthless confetti shares.
Look at the 3mth chart
https://i.postimg.cc/52PB6CLB/RGMChart3-Mth.png
Clear to see the pump is over and the SP is on the way down. Taking a small loss is often better than holding with false hopes and suffering a much bigger loss imo.
DYOR
- another 200,000 shares.
Balance: 100,000 just in case of a miracle!
Time for a top up at AML & VLS.
GLA
Have you seen the 1 year share price graph in Tullow? Lol. We all know the date of oil and gas companies. .. Let's not mention the others lol..
The reality is RGM and resource stocks have been hardest, but the tables are turning... RGM has already seem significant gains from 0.07 area... Backtesting was inevitable but a bigger rise is now on the table.. Placing shares have sold through.. Should see an organise rise to 2p and beyond