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What's bambos been smoking? "Strong buy" must be industrial-strength bamboo grass
lol Bambi
Only 3 trades listed today and they are all shown as sells
Covid has naff all to do with anything here. The SP has been destroyed over and over and always will be imo.
A 74% loss of SP value in just 4 months since the incoming BOD decided to increase the share issue from 1.5bn shares to over 8.5bn shares and then did a colossal 1-100 share consolidation.
Number of shares when that happened were 86m
Now only 4 months later there are already 168m shares in issue
What a joke !!
The tragedy with Covid-19 is that it is leaving 1000s of people without jobs and financially strapped maybe to the point of not being able to pay mortgages and people like yourself think it's appropriate to pump AIM lifestyle POS stocks like RRR and RGM. Just shocking imo.
DYOR
strong upside if you consider the impact of covid-19 on stocks. Strong buy
ColinH100 - "With Mr Kaintz and Mr Parsons at the helm what could go wrong?"
Indeed !
Parson's position as Exec Chairman was confirmed on 23rd Dec. His first major action was to issue industrial amounts of confetti and consolidate the shares on a 1-100 basis.
At that time the SP was 3.5p
Today the SP is 0.9p
That's a catastrophic loss of value of some 74% of the share price in just 4 months ! Way to go.
Imagine how much more will be lost by the end of the year !
You have to feel for all those mugpunters who fell for the ramped nonsense on Twitter and elsewhere. Lambs to the slaughter. I hope they learned a valuable lesson.
Companies like RGM and RRR are just confetti generating machines. They dilute shareholders perpetually, raising cash to keep paying director salaries and fund crazy levels of Admin expenditure. It's been the same for years and years.
One for the suckers
DYOR
With Mr Kaintz and Mr Parsons at the helm what could go wrong?
bank balance is healthy!! Raised at the right time and we should be able to enjoy the fruits of the hard work very soon!
LSE has gone downhill. They can remove this as well. The site is unreliable. I like it when you post... When the trolls are out in force, especially as extensively as they are here, you know a rise is imminent. Mr Magic, you would have double as many posts on RGM & RRR if it wasn't for all the ones you get taken down! AGENDA!
"Looking better"
Certainly looking better without your ridiculous defamatory posts which LSE Admin have dutifully removed.
RGM on the other hand . . .
Can't imagine anything will ever change. MO too firmly established. Just waiting for the next round of worthless
confetti to be issued. Number of shares in issue already more or less doubled in the space of 4 months since the colossal 1-100 share consolidation. What a joke !
DYOR
Looking better
Remember of course all those SP's are before the recent 1-100 share consolidation !!
He certainly has and the lame sound bites have been laughable. Here's a few, note the constantly plummeting share price whilst he kept pumping the stock:
Bambos22
Oct 2017 - (SP 0.60p) - "Watch RGM over thr next few sessions. Bought more today and delighted. News is imminent"
Jun 2018 - (SP 0.525p) - "the share price is ridiculously low and the outlook is VERY bullish"
Apr 2018 - (SP 0.50p) - "Lots of CITY Boys in here with an agenda to troll the share and keep the price down. They know whats coming!.. The savvy taking advantage of weakness and anyone buying now will be rewarded."
Sep 2018 - (SP 0.425p) - "Expecting things to improve. Very cheap entry!"
Oct 2018 - (SP 0.375p) - "the discerning PI is now buying RGM.. Very cheap indeed"
Oct 2018 - (SP 0.325p) - "The low share price is a massive BUY opportunity as entry now will reap the rewards once the market turns"
Dec 2018 - (SP 0.325p) - "These are great entry prices at 0.3 or 0.35 or 0.4. This will swing in favour of the bulls very soon!!!"
Jan 2019 - (SP 0.275p) - "nice 500K BUY.. They will be the laughing ones when their investment bags!!! "
Anyone who follows the advice of ramping pundits like Bambos thoroughly deserves to lose their money imo. Just endless "jam tomorrow" sound bites and rhetoric designed to lure in the naïve. Always ignoring the company track record, the devastating levels of dilution and crazy amounts frittered on Admin. That such people are needed to try and promote a stock tells you how bad the stock must be imo.
Nothing will change imo
DYOR
Bambos22 - "Riddler forgets the Covid crisis that has impacted on the shareprice"
Oh for goodness sake what drivel! These tin pot lifestyle shares have absolutely NOTHING to do with the Covid crisis. That has to be THE most lame and desperate ramp I've seen you make in the many years I've watched you relentlessly try to pump RRR and RGM.
The SP's of both companies have been decimated for one reason and one reason only. The endless dilution of vast confetti issues and the preposterous amounts the BOD expend on Admin and other expenses. It's never going to change imo until and unless ALL the original BODs are removed from post and replaced with management who will run the company for the benefit of shareholders rather than for themselves.
It was only in December that there were 1.5 bn shares in issue here and the SP was around 0.035p. The BOD then went and issued over 7 bn more shares at 0.0275p and then did a humongous share consolidation on a 1-100 basis. The share had already had a consolidation only a few years earlier, testimony to the devastating way the BOD have previously run the business imo.
By end of Dec the SP here (after consolidation) was 3.5p. Today it is already laughably decimated down to 0.875p.
Rampers love to spin stories and fairy tales and will constantly plead with naïve mugpunters to ignore the history and claim that it is irrelevant. The charts tell the true story. The SP decimation is constant and so the history is hugely relevant because it tells you how the company operates and thus how likely continued dilution and SP destruction will be.
Since 2012 the company has made losses totalling over £21m
It has raised over £10m in confetti issues and the like
It has expended over £6.5m in Admin alone
That's 65% of raised cash just going to admin !! Small wonder there's never any value left for shareholders.
It's what I suspect many call a "a sucker share. "
If you want a real Covid recovery stock then go for the travel industry stocks which have been decimated and which will recover. The cruise lines for example and entertainment industries and retail groups that manage to survive. They will provide many multibags imo.
DYOR
Riddler forgets the Covid crisis that has impacted on the shareprice. Once the Covid bubble bursts stocks like Regency will be more popular. Get in early.
And I wasn't ramping at 3p+ but many a prominent investor bought the stock then!
Andrew Bell was chairman of RGM and is still chairman of RRR. Scott Kaintz is still at both RGM and RRR.
In 2018 RGM went into a USA coal partnership with Legacy hill resources. From Red Rock's final results it seems Andrew Bell with no Red Rock announcement gave on the quiet Legacy hill resources a loan.
Red rock's December final results RNS says:
"The Company also reviewed an outstanding loan of £267,983 made to Legacy Hill Resources Inc, a US based operator of metallurgical coal assets. Following discussions with Legacy Hill Resources, the view was taken that the Omega metallurgical coal mine, the sole asset of Legacy Hill Resources Inc, had ceased coal production and was unlikely to have residual value sufficient to pay off the loan, and so the decision was made to impair this loan in full"
So the incompetent Andrew Bell (along with Kaintz) not only lost millions in the failed USA coal ventures for RGM but with the last US coal venture they also lost a few hundred thousand for their other company RRR.
.......
I thought that would be of interest for those who were around at the time.
And now we have the
#TKONCG = James Parsons
The King Of None Commercial Gas
What could possibly go wrong guys? LOL!!!!!
#CORO #SOU #ECHO #AST #NUOG #RGM
Here again are the facts from the Annual Reports that the pumpers are so keen to ignore and push off the page so mugpunters don't see it.
ANNUAL REPORT RESULTS
=====================
2012 - Loss of £2,112,350 - Admin £1,091,108 - Cash raised £907,090
2013 - Loss of £5,166,017 - Admin £1,224,013 - Cash raised £3,327,678
2014 - Loss of £1,508,812 - Admin £881,947 - Cash raised £1,212,805
2015 - Loss of £5,888,742 - Admin £964,761 - Cash raised £1,049,765
2016 - Loss of £1,965,722 - Admin £594,733 - Cash raised £781,595
2017 - Loss of £534,267 - Admin £414,943 - Cash raised £1,576,701
2018 - Loss of £1,549,619 - Admin £735,697 - Cash raised £1,150,000
2019 - Loss of £2,607,978 - Admin £652,918 - Cash raised £240,000
Total Losses above - £21,333,507
Total Cash Raised above - £10,245,634
Total Admin above - £6,560,120
Just look at how much of the cash raised goes just to Admin !! How can there ever be value for shareholders if every year they have to achieve such significant levels of cash just to fund admin let alone anything else?
Cash should be going "into the ground" on projects that have good chance of producing income
When most of the cash goes to Admin instead then I personally deem the outfit to be nothing more than a typical AIM lifestyle company for the enrichment of the BOD.
There are so many better shares to put my money into imo
DYOR
Colin - "I thought RGM's share price was on its ar*e well before coronavirus raised its ugly head"
It was. It's only the shameless stock pumpers that are utterly desperate to try and convince naïve mugpunters that Coronavirus has something to do with the decimated SP in a vain attempt to get the fools to buy shares here when the lockdown is lifted. It is of course a total lie.
Here are the charts from 11th March. A 3 month chart, a 1 year chart and a 10 year chart.
Every one of them shows the same constant decline in share price which is due imo to the inordinate amounts of cash the BOD expends on salaries, admin and other expenses whilst constantly diluting holders with repeated confetti issues.
https://i.postimg.cc/9fHmrWjZ/RGM3-Charts.png
I definitely won't be getting sucked in here by the ridiculous "jam tomorrow" rhetoric of professional pumpers. That imo would be a very quick way for me to lose my money.
DYOR
I am glad you agree with me Bambos.
Thought wrong
I thought RGM's share price was on its ar*e well before coronavirus raised its ugly head.
Zumore.. I think people are waking up to the fact Covid has superficially hit resource stocks. Time for the rebound back up
Magic who is Your alias on advfn? Don't see your name , or do you have many?
I think there was a hint of irony in Joe's post.
I haven't got a clue if that was meant to be serious or not. But I believe RGM was over 3p when James Parson's became CEO in December.
First look in for a few weeks. Seems the JP touch has worked quickly here.