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Anyone who invests in this company deserves to lose money ! There is absolutely no way anyone investing now will see a positive return on their investment. To me it seems like this has all been set up for people/companys to recoup their losses(Stephen included). Just remember for these people/companys to get their money back, that money has to come from somewhere - Yes you got it, your very own pockets. I believed in Mambare once - But it is absolutely worthless, with all RGM`s other projects sadly not worth much more.
" If by now you haven’t worked out the implications then let me spell it out. You’re starting a race with a handicap. You can never beat the corporate flippers because they have a 50% head start with access to the news flow. If today you were 20% down on your stake bought at 0.075p they would still be 30% up. It’s a race you can never win".
Most investors hope for share price appreciation. When your own management, the CEO, the CFO and Chairman are working against that chance, toxicity levels for the shareholder are fatal. There is nobody within the company who can be trusted. Those people who are in a position of trust and do not speak out are equally culpable. Resigning, as a a result of force or not, is not acceptable. There is no upside in this company. It is working to eradicate your wealth for its own gain. And it will succeed. Steer well clear. Doing nothing is not an option. The management options will reduce value to zero. This management have no interest in battery metals or electric cars. It is a poisonous mix that works for C4 Energy and no one else. Avoid.
Are you serious? Don't you remember the RGM management lies about Rosa? Don't you remember the lies that the latest USA failed coal project was doing well?
That you won't point me to that Mambare link tells me you are giving out old news which is likely to be untrue. From all the sites I look at the Papua New Guinea rainy season lasts from December to March, so I doubt any work is happening there at present.
You have posted links that say RGM are in the process of doing radar ground penetrating work at Mambare. Now is that very recent news or is that from a few months ago? Because if that was said by RGM a few months ago you know that it Mambare news is likely to be untrue.
Morning booboo! I thought your 10.38pm post last evening was very funny. :)
You are right the dilution here will be immense and that along with many other reasons makes me believe this share price will not rise like many pumpers on twitter believe. Of course it could spike temporary but fast forward a year and im sure those who buy in now (and stay long and strong) will have made vast losses.
I think the latest rampers overlook that they (to be slightly crude) are sloppy seconds, thirds, fourths, so on so on in the rampers at RGM. In other words they are following in the recent RGM ramping footsteps of Paul Johnson where a recent vast number of Johnson followers piled into RGM and got destroyed. They are NOT returning to RGM. Most PIs learn and they don't return. So the twitter pumpers better hope that there is a fresh new batch of AIM gullibles to throw money into RGM. I suspect there isn't.
The Company has further been informed by YA II PN Ltd and Riverfort Global Capital Limited that, following the subscription for the New Loan Notes, both parties have granted an option over their interests in the New Loan Notes, totalling £729,272, to C4 Energy Ltd ("C4"), a UK incorporated private company.
This C4 loan option equates to a further 2.7B based on £0000.275 making a grand TTotal of 11.3 Billion shares.Nice one Scottie.
When you think back 0.5 billion shares were issued just before this mass dilution just to keep RGM afloat while they tried to work out a way of getting out of this hell hole while simultaneously diluting the Stephen Pearce rebellion RGM style.Taking that into account we are looking at a 1100% dilution package.
Further Details of the Transaction:
The issuance of the Transaction Shares consisting of 3,021,818,173 Placing Shares, 530,030,036 Subscription Shares, 2,596,363,636 Promissory Conversion Shares and 1,022,229,140 Convertible Conversion Shares, 2,700,000 C4 loan option .
Riverfort Global Capital Limited and YA II PN Ltd, the participants in the Promissory Conversion, jointly held 19.93% in the past twelve months, and as such are deemed substantial shareholders during the last twelve months.
The partial conversion of the Promissory Note (the "Promissory Conversion Shares") will result in the issuance of 2,596,363,636 new ordinary shares of the Company, and the investors have agreed to lock up the Promissory Conversion Shares, 100% of the total for three months, 70% of the total shares for a subsequent six months, and 40% of the total shares of the Promissory Conversion Shares for a further six-month period.
Basically holders of these discounted £0.000275 shares know they only have a 3 month window to off load their shares before Riverfort start dumping too.
This recent hype is simply assisting the likes of Harry and Stephen to average down , buying at .00275p and selling at .004p on the back of your own "Stand by your beds this Sunday " ramp .Easy money , I suspect they are selling their old stock and replenishing their position post 23rd Dec.
"If by now you haven’t worked out the implications then let me spell it out. You’re starting a race with a handicap. You can never beat the corporate flippers because they have a 50% head start with access to the news flow. If today you were 20% down on your stake bought at 0.075p they would still be 30% up. It’s a race you can never win."
Professional Pumpers on an industrial scale boasting 3 consecutive multi-bag pumps .Well they clearly didn't do enough research and don't realise what they are up against.This is a highly trained and elite de-ramping team that have Samaritaned together with a 100% success rate for near on 7 years ,I think they have met their match this time.