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Yes that Scott Kaintz interview with D*c Holiday was a very peculiar interview by Scott.
I won't listen again but I recall Scott saying that the Mambare nickel exploration asset that RGM have a stake in was inferior to the WoWo Gap nickel exploration asset that RGM don't have a stake in. So in effect he was deramping Mambare.
From 20 minute mark in interview Scott revealed very little money to be made from Peaker Plants. Plus he revealed very little commitment to the project because he said they might try instead to flip it for a profit.
He pretty much said nothing will be happening in Canadian Vanadium exploration project. Nothing surprising there because RGM have never done anything there ever anyway.
From James Parson's viewpoint I can understand why he's letting Kaintz do all the interviews and promotions because let's be honest RGM is a disaster. James has done two big RGM placings these past few months and must be raking in the money. So if this is heading for disaster why not sit in the background like James and let useless Scott be the face of the company and take the blame?
So RGM internal projections suggest this should be a £50m company, current market cap £1m
Not the best interview in the world, mind you motor mouth Kaintz would not allow any questions, still no clarification as to the relevance of buying RMI's debt, what does Regency get for buying this debt, should have been No1 question.
Can only assume it gives Regency the chance to acquire the nickel project on the cheap or have a major say on progress, it would not have been possible to buy a such an influential stake in RMI on the market as the shares are so illiquid.
Regency has a £1m m/cap, seems crazy, is it an opportunity ?
" a clay material which is dried out and shipped to China". What's happened to Australia and battery metals? Sinom is more linked to steel production metals. The story is changing.
"shovel ready". Have they already given up on the peaky blinder in downtown Southport. Not enough profit to pay for the debt the company wants to generate. A need to pass it on. The good ship Mr Parsons is adrift. The placing shares need to be pumped so they can be sold on to naive investors. Nothing is working.
You can't short this POS. If you could I would be rich.
Hi guys had been invested in RGM and sold out lost a lot of money on the sp lowering to doldrums. This was in 2014. I wonder do u all think this will happen again or have we reached the Covid-19 straight line where casualties don't keep increasing. If that's the case then IG do a spread betting and CFD account. More chance of making money betting the SP will fall further back to 0.04p. Let me know guys I might consider this a fruitful investment on IG.
I recall at the end of the interview D*c Holiday tell Kaintz he should be a politician. By that I assume he meant whenever he asked Kaintz a question Kaintz would witter on and on, trying to run the clock down so D*c couldn't get all his questions in. So to me he wasn't giving Kaintz a compliment.
FROM INTERVIEW
(1). Kaintz revealed there is very little money to be made from Peaker Plants. Kaintz said if successful the money may cover some of the companies overhead costs.
(2). I recall it was Jan 2019 RGM bought into a Canadian Vanadium exploration asset. They have never done anything there. It's near the Dempster Highway, there the temperatures are usually minus 30 Celsius. Today around minus 3 Celsius. So warming up a little but I doubt any exploration will happen there this year.
(3) RGM have a stake in Mambare nickel exploration asset. Hardly any Investor is interested in it. So what do RGM do. Yes they try to make out they've got a stake in another nickel asset. RGM at present don't own a single share in the Aussie company RMI who own the WoWo gap nickel exploration asset. But in RGMs recent presentation they have diagrams along with grades of the WoWo gap asset. RMI managing director little Warwick Davies must be absolutely livid with RGM.
In interview full of bluster from Scott Kaintz. But from interview I wasn't convinced D*c Holiday was believing. Like me he seemed totally unimpressed.
Just as well you are not a shareholder.
" references the heavy-hitting capacity born out of completing the latest deal at Wo Wo Gap which internally values its Nickle assets near term at £15m".
There is no deal. RGM has bought some of the debt in a company that owns the Wo Wo Gap asset. Sinom, the Chinese company selling the debt thinks there is little value in the asset. RGM knows Sinom sees little value in RGM shares and that is why a "lock in" of one year has been imposed on Sinom. Infact, everyone is having a lock in imposed at RGM or otherwise they would all be running for the door. It's a small door and a lot of people want to get out. There is no apology for the demise of shareholder value from 2.75p in December to 0.8p in the latest placing. They do not care. There is always a new batch of mug punters. The good doctor must have shares to sell. Wasn't he touting this share at 10p during the "tight squeeze"? A tweet is cheep. It might be expensive for your pocket. A double dip recession could be on the way. Utter contempt for shareholders.
No doubt a good ramptastic marketing tool! Is Parsons there handing out golden tickets!
Here, @DDS_DocHoliday catches up with @Regency_Mines CEO Scott Kaintz to review the latest news updates.
...In light of the recent funding secured on weaker terms than previously placed, Kaintz runs the rule over the current effects of COVID-19 on #RGM
#https://total-market-solutions.com/2020/04/17/regency-mines/
Thought there was supposed to be an interview this week, will Kaintz say RGM should not be 1p share this time just like he said RGM should not be a 3p share a few weeks ago.
Still total silence from the larger holders who were posting positively on this BB before the recent .80p placing, they have been royally shafted like the rest of those buying in on the management changes RNS and 2.75p fund raise.
Big mistake not removing Kaintz when they had the chance.
Sound Energy?
It was Bell that was calling the shots and you and everyone know that .. Parsons is the man to deliver here ....
hxxps://twitter.com/Regency_Mines/status/1250833694685835266?s=20
Bambos - "Bell and regime of old were clearly out of favour"
lol
So why is Scott Kaintz still here??? Nothing has changed. Still the same old confetti generating dilution pit imo
DYOR
The deal needs explanation but some believe it is the cheapest way to secure the asset, namely convert the debt into equity which will wipe out existing Resource Mining Corporation (RMI) shareholders.
From the RMI website...
The Wowo Gap Project has been assigned a current value within the range:- AUD$150M to AUD$600M and having a preferred value of AUD$168M
Think we need to give the new board an opportunity to deliver... Parsons has come in to revive the fortunes .. Bell and regime of old were clearly out of favour.. Expecting to hear some positive news this week.
Is debt an asset? Would you buy debt? It appears Mr Parsons and C4 Energy love the stuff. Buying some of the debt in a small Australian company which is involved in an asset is not the same as buying that asset. So what is achieved? More shares issued, more free shares for the management, lower share price for investors, more placee shares to find a home and added to this a possible 30% reduction in the flagship Mambare JV. Or is that now a Minority Venture(MV). Pump and dump anyone?
The RGM RNS on 7th April 2020 concerning RMI may be confusing. Remember it was the second RNS that day; the first being the news of the 50/50 JV at Mambare being reduced to a minority partnership of 41% ( potentially 35%) for RGM.
RGM has purchased some of the debt in RMI held by Sinom. It might purchase more at a later date. It has not purchased the WoWo Gap Nickel-Cobalt Project, although one might gain that impression from a cursory read of the RNS. To gain control of ownership it would need to buy out RMI, not it's debt. It might have the intention to put pressure on the representatives of the company via the debt. Naughty, naughty, naughty.
So the outcome of the days work is that RGM has lost control of the Mambare flagship, purchased debt in RMI and NOT the WoWo Gap Nickel-Cobalt Project. A cynic might say there was an effort to hide poor news, but not me.
will be doing an interview next week. He's been useless for years How is he still employed at RGM?
https://mobile.twitter.com/Regency_Mines/status/1248270299075928065
Just like Partridge said. RGM are misleadingly trying to make you believe they have gained another nickel asset:
https://mobile.twitter.com/Regency_Mines/status/1247488806586060800
Wow! Is it only 3 months? Shocked to read on 7th April in the 2nd RNS of the day the lack of cash remaining in the company with the statement : " taken into account the necessity of the Placing to complete the Transaction". I know Mr Parsons and team pay themselves well and I know RGM has just agreed to pay the JV partner $50,000 (and $50,000 in shares) to stop haemorrhaging RGM's JV share but why couldn't the £831,000 raised in December cover the £178,096 paid for a portion of the RMI debt? Why is there a need for a second cash raise in 3 months? To date the company has spent £225,000. Where has the other £500,000+ gone? Mr Parsons has a knack for disappearing shareholder value. Over 6% into the hands of the BOD on 7th April. Along with £178,096 for a portion of debt in a company who have an unproven asset over which RGM has no control. No wonder the share price continues to fall. How much did that plug in downtown Southport cost?
And the worst part is that RGM management raised more cash in the same RNS. That's an extra £470,000 on top of the £831,000 raised in December. As well as giving away over 6% of the company to themselves. No assets were bought. Just more shares issued. Assets, if anything, were lost(at Mambare). All this raising of cash should be seen as a reflection of what Mr Parsons and the BOD are paying themselves. The ordinary shareholder is seeing value lost. These people are demonstrating utter contempt. More of the same to follow.
Should be Sinom. Not Sunom.
Good point Partridge.
In RNS RGM are giving the WoWo gap grades and they are obviously trying to give the false impression that they have acquired a new nickel exploration asset. Also on twitter some rampers are doing exactly the same.
To simplify. Australian company RMI owed Hong Kong company Sunom a lot of money. Sunom sold some of that debt to RGM and now Aussie company RMI owe RGM that money.
Though I'm sure RGM are going to try to pressurise RMI to ultimately get that asset. I'm also sure RMI will see RGM purchasing the Sumon debt as an agressive move. So I suspect their will quickly be bad blood between both companies.
To end. RMI presently own the WoWo gap nickel asset and not RGM.
The RGM RNS on 7th April 2020 concerning RMI may be confusing. Remember it was the second RNS that day; the first being the news of the 50/50 JV at Mambare being reduced to a minority partnership of 41% ( potentially 35%) for RGM.
RGM has purchased some of the debt in RMI held by Sinom. It might purchase more at a later date. It has not purchased the WoWo Gap Nickel-Cobalt Project, although one might gain that impression from a cursory read of the RNS. To gain control of ownership it would need to buy out RMI, not it's debt. It might have the intention to put pressure on the representatives of the company via the debt. Naughty, naughty, naughty.
So the outcome of the days work is that RGM has lost control of the Mambare flagship, purchased debt in RMI and NOT the WoWo Gap Nickel-Cobalt Project. A cynic might say there was an effort to hide poor news, but not me.