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Booboo, like me you can't believe the useless untrustworthy incompetent Scott Kaintz is still employed at RGM. It's been up to him to promote RGM these past few months and absolutely nothing from him on Mambare.
I believe you in what you say about Mambare. But I still give little value to it (for RGM) because no doubt management will be committing money on other assets and will not be dedicating themselves to purely focus on Mambare.
I believe AIM company HZM has two nickel projects in Brazil. They seem to slowly but surely advancing those projects. On the other hand RGM have no focus, in the past few years they've invested millions in coal projects, they invested £575,000 in Curzon shares (now worth £60,000 and they even invested £400,000 in a car rental company that quickly went bust. A company like HZM would never do that because they are a serious company and have an ultimate goal. RGM on the other hand are an unfocused mess who will invest in anything to attempt to create a ramp.
Hello Zumore,
24th July RNS
"Current plans sent to the MRA include a revised ground penetrating radar ("GPR") work programme, estimated to complete in the second half of 2019. To date, track and road clearing to support this effort has been largely completed with some bank cutting remaining. Spot gravelling and stump removal is scheduled for later this summer utilising heavier earth moving and bulldozer equipment. The two existing exploration camps have been put in good order and additional telecoms equipment is being installed. "
This is the last RGM Mambare update given to shareholders 5 months ago I can confirm all this work and a whole load more has indeed taken place.I as you know I have always been puzzled by the reference of stump removal ,bulldozers and stop gravelling but i have got it now .You would only go to the effort of cutting and removing tree stumps if you are building a road and I am guessing you would only be building a road if you wanted to demonstrate the feasibility of easy access for the trucks to transport the ore from the top of the plateau to the ports for shipping to a DNi treatment plant in Australia as part of a PFS.
I won't be at all surprised to hear at some stage soon lorry loads of Mambare plateau ore is shipped direct to the Perth DNi test plant for metallurgy testing .
Put simply there is no time to lose this could really happen, if you believe in making your own luck and to give yourself the best chance of making that happen you need to work hard to get everything in place and oven ready for when the commodity cycle turns ,if you don't then you'll miss the boat and lose a whole generation .
We all know Scott and the RGM team to be fools but the same can not be said of the JV partners , successful,organised and respected ,they have worked it out just like you and I have .They need to get on with it, full steam ahead with or without dummy RGM who clearly don't get it.The smart money would of course put all of the £800k raised into contributing towards the Mambare costs and not endlessly chasing new ventures ,but knowing RGM as we do its pretty obvious whats path they are going to take.
Whats puzzling me now is why there hasn't been a Mambare update for 5 months when there has been more activity there than at anytime in its history?
When we owned a phantom coal asset there were no end to the videos ,photos and "good old boys" shareholder field trips , but now after 7 years of nothingness real milestones are being crossed but little Scotties toy Drone camera is nowhere to be seen!
Also James Parson's in his recent proactive investors article talked about new acquisitions. Now if I were a Mambare fan I would want RGM to completely focus on that and not to be saying that they are looking for new acquisitions.
When they talk about new acquisitions you know they are not serious about advancing Mambare. And because of that Mambare is pretty worthless.
Looking at his profile on LinkedIn he goes into some detail of what a project manager has to do at Mambare. From what he says you can see that exploration there would be costly. Stephen Pearce in some earlier posts was making out RGM are at present exploring there. My hunch is they are not.
Here is what Ian Warden says about his project managers job at Mambare.
"Management of the Mambare nickel laterite project in Papua New Guinea, on behalf of Oro Nickel Ltd, a 50:50 joint venture of Direct Nickel and Regency Mines plc.
Delivery of the maiden JORC Mineral Resource Estimate of 162.5Mt at 0.94% nickel 0.09% cobalt, triple the initial exploration target.
Planning and on-site management of the 2011-12 exploration program, involving up to 90 staff and contractors in a remote jungle location. Activities included exploration drilling, geophysical surveys, camp and access establishment, as well as management of general logistics, human resources, medical services, community relations, and financial and general administration.
Review and consolidation of past exploration results into a global exploration database."