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I've always deemed him to be a conman who should be stuck in prison. Over the years continually trying to sucker PIs into his garbage investments by telling them absolute b***sh**.
I'm pleased it's not you. He's a conman sc*****.
No idea who this individual is...
Oh dear! .5 by 10:30 on Tuesday.
Cgull, on Bambos twitter account he's been posting links that RGM will be releasing a presentation next week:. https://mobile.twitter.com/SHARES_FTSE_AIM/status/1248222044204011520
RMI have released an RNS and at the end of the RNS it says:
"RMI notes that Regency’s announcement refers to its “…plan to initiate constructive discussions with
RMI management regarding synergies between its Mambare project and the WoWo Gap nickel-cobalt
project in PNG”. At this stage, Regency have not made any contact with RMI, and no such discussions
have commenced"
Your sincerely
Warwick Davies
.....
Maybe the ‘big guns’ no longer reside here and, perhaps that’s the reason why the share price has fallen so significantly in recent days!
Starting to think what I believed to be a good long-term investment could end up being money down the drain!!
Maybe the slicked hair gent at Proactive will ask Kaintz to explain his comment about Regency being above 3p in short time, a few weeks later he raises at .80p.
The silence on the BB from the large holders tells you all you need to know.
You said just now that there is a communication due next week along with a strong buy opinion. Please explain.
Everything has always been due "next week", "next month", "next year". Where is the highwaller?
Due next week
Being one of the largest holders of RGM shares perhaps Mr. Stephen Pearce would be prepared to give his thoughts on recent news/ potential future developments?
Thanks in advance.
Being one of the largest holders of RGM shares perhaps Mr. Stephen Pearce would be prepared to give his thoughts on recent news/ potential future developments?
Thanks in advance.
No one in their right mind would/should buy shares here.
Is it only three months? £831,000 raised in December and yesterday another £470,000. Someone is sitting pretty. At Coro Energy Mr Parsons pays himself £68,000 a year as non - executive chairman. He has other similar pay days. He does not come cheap. At Sound Energy his last reported remuneration was over £900,000 as CEO. It couldn't happen here could it? Well C4 Energy is in charge at RGM. Mr Parsons is a shareholder and director of C4 Energy. At Sound Energy and Coro Energy ( and elsewhere for that matter) head of the respective remuneration committees was Marco Fumagalli. Marco is also a shareholder and director of C4 Energy. Mug punters be aware.
Partridge, many who invested in RGM also invested in RRR. RRR chairman/CEO Andrew Bell was running RGM for around 15 years, milking it for everything it's worth. Useless inexplicable deal after the next.
Like earlier mentioned RRR and RGM still share the same office. RGMs Scott Kaintz also works at RRR and so Andrew Bell still hovers around RGM.
So the RRR shares were probably sold on the quiet anyway. If not then I doubt anybody would feel sorry about RRR being locked in because most loathe the useless dodgy Andrew Bell.
It is clear they have no qualms about dilution, none whatsoever, obviously the RGM bulletin boards are full of the bashing community, the new incumbents knew this, what they had to do from day 1 was silence the bashing community with appropriate action to demonstrate things had changed.
Yesterday shows that nothing has changed, why oh why was Scott Kaintz not removed with Bell when they had the chance, it is rather ironic the formally larger TR1 holders of Regency are now silent as lambs, they have been royally shafted the same as new entrants who bought in assuming the company had turned the corner.
I would like to know how yesterday's deal is supposed to have added value, a dormant project, they even talk about the tin shacks being blown around in storms, in the middle of PNG where very few AIM juniors have succeeded. I am all ears for explanations !
Yes they did a 100-1 share consolidation in December 2019. So with that consolidation the RGM price went to around 3p. Big fall since. Before that they also did a 20-1 share consolidation a few years ago.
When the placing hits there will be around 166 million RGM shares in issue. But if we reverse both the 100-1 and 20-1 share consolidations RGM would soon have had just over 330 billion shares in issue.
So management are notorious huge diluters. So it's pretty reckless to invest in RGM.
76,000,000 new shares to be issued after the news yesterday (that would represent another 7,600,000,000 in old money which would have been scoffed at just 3 months ago). There are 59,000,000 shares at 0.8p and 5,000,000 at 0.83p to be sold and passed on to mug punters. No lock in there. So why is it fair to continue the lock in for others holders of RGM shares? What is in it for RRR shareholders who have seen the share price crash from 2.75p to 0.825p while locked in? What idiot would sit back and allow that? I wonder if a similar fall in share price value might occur when the placing shares become available to sell, or even before.
Today's deal is ridiculous, had they simply stuck with Mambare and moved on with the Peaker Power Plants existing shareholders would have had a chance to recover some of their investment, the likes of Kaintz are rainbow chasers (just like Bell)
So to be seen to do something they have diluted existing shareholders by over one third at the balmy price of .80p - what a complete joke.
The major shareholders here had a perfect chance to remove Kaintz and bring in a new and non controversial management team, instead they decided to keep Kaintz and bring in entities that have very tarnished reputations, to say the least.
Looking at this new 'project' it is been in a comatose state for an age on care and maintenance to boot, nothing exciting at all, a dormant project. It was valued in 2009 at a range A$200m to A$700m but the owners are valued at around £1.25m on the ASX.
I wonder what RMI will say tonight on the ASX, something along the lines that our debt has been bought by a lifestyle British management team and a load of mug investors who have been royally shafted against their will.
That's all it is ! One minute Rgm sell their debt ! Then buy someone else's debt ! There comes a point when yellow and red cards should be issued by the regulator !
" On a look through basis, it values the RGM shares at about 5p. We have the debt at a large discount to the redemption price.: ask yourself, why would JP want to buy unsecured non-interest bearing debt in a cash strapped ASX company"?
Are you serious?. I'm glad to have my bias and prejudice. There is a disjoint between the real share price and the read through value of 5p. Buying debt at reduced rates is not difficult when the value of that debt has been drastically reduced or written off completely. There's no crime in that. What might be morally wrong is in trying to get other people to buy it at full value whilst knowing it is toxic. Shades of 2008 perhaps. The debt is not worth 5p. The heavy discount is because it has no or little value, no fool was interested. A reflection of the worth of today's asset. I have said many times on similar boards that Mr Parsons always looks to sell second class assets to shareholders at world class prices. It is his MO. Today, 63,000,000 new share have been issued, and they all have to be passed on to mug punters. The places need to make a profit so these shares need pumping. Mr Parsons recent cash raise at Ascent Resources failed to achieve its target. £800,000 was aimed for but when the share price halved the amount raised fell to £485,000. Places reneged on the placing cash when a quick profit wasn't available. It could happen here. Unless mug punters are willing to give away their cash and push the share price higher. Are you mug enough? Your money is required, again. And will be again and again.
Helpful
So are we really saying RGM 'management' decided to do a deal on terrible terms (the placing at .80p) simply because it had to be seen Parsons was doing something ?
Kaintz is not fit to run a chip shop, only a few months ago he went on Proactive suggesting the shares were dirt cheap at 3p - in short time he issues shares at .80p and warrants nearly 50% below December's placing price of 2.75p, what about the folks who took up that placing?
I am staggered the major shareholders allowed this pathetic deal, what does Pearce have to say about it - the Aussie company is only valued at £1.2m and is near insolvent, without the support of its major shareholder, who now owns 7% of RGM it is insolvent, their half year accounts are heavily qualified.
Goodness knows where the share price will go now, where is the upside coming from, please advise !
You can see the desperateness coming out of Helpful's posts.
He's desperately trying to prop this price up. Obviously took part in the placing.
Partridge you know how the system works, why try to mislead people? I was formally an insider and on the insider list maintained by the company.
My view conveyed to the company was then and is now that they needed to proceed with the deal. When they started looking at it, the SP was much higher. Whatever JP and RGM did people like you would point the finger. The choice was do a deal on less than perfect terms or wait in which case the accusation would be that the company and directors were doing nothing except burning the company's cash.
My view is that JP needed to show that he was willing and able to do deals and not just sit around picking up his salary. If you put your bias and prejudice to one side and think about it, this is not a bad deal. On a look through basis, it values the RGM shares at about 5p. We have the debt at a large discount to the redemption price.: ask yourself, why would JP want to buy unsecured non-interest bearing debt in a cash strapped ASX company? Just maybe he has a plan... A good outcome would be to agree to convert the debt, wipe out the RMI shareholders on the conversion and reverse Mambare/Vincent's company into RMI.
This a low cost option on the nickel price and Mambare/WoWo Gap. Nickel at $17,000 and this makes decent money. In the short term it costs us nothing to hold it.
I expect that there will be more deals in due course.
DYOR