Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That is fine but I know that it wasn't finalised at 7am this morning. It may be that the bulk of the RNS content was agreed but not all. The NOMAD will have been fully briefed all along the way. The NOMAD will not let an RNS be issued unless they are happy that the content is accurate and similarly they can force the company to issue an RNS if it feels one is required.
If you are broadly correct then it is down to the NOMAD to decide whether most of the information should have be contained in the earlier RNS. I know of another company where a RNS should have been out this morning but it has been delayed by tooing and froing with the NOMAD. I don't know the precise issue but the NOMAD is mainly concerned with making sure its posterior has adequate cover.
" Thanks for your concern but I have known about the deal for a while".
That's the trouble about these type of shares. Everyone knows about them. Beforehand. Except the mug punter who buys the shares in good faith. And loses out when there is a cash raise. Mug punters who bought at 3p when Mr Parsons arrived. Mug punters who bought all the way down to 0.8p in hope of a bargain. Mug punters who bought this morning and are already in loss. Not you because you have known about the deal for a "while". Who else knew? The prospect in PNG is irrelevant. Knowing for a "while" is the real news. Mug punters beware.
How about the placing wasn't finalised before 7 am and therefore you are mistaken in your assertions?
Being one of the largest holders of RGM shares perhaps Mr. Stephen Pearce would be prepared to give his thoughts on today's news/ potential future developments?
Thanks in advance.
Thanks for your concern but I have known about the deal for a while. Anyway, about the much better nickel resources: your thoughts on WoWo Gap?
In your very humble opinion what is the way forward on RMI/WoWo Gap/your mate Vincent?
"Regency has, based on its existing share authorities, raised £470,000 by way of a placing organised by the Company of 58,750,000 new ordinary shares at a price of £0.008 per share (the "Placing"). The Company has granted 29,375,000 3-year warrants to new investors at an exercise price of £0.016 per share".
58,750,000 shares at 0.8p to find a home. Are you mug enough? Did Mr Parsons put his hand in his pocket? What do you think. Nose in the trough. That's another 6,000,000,000 shares in old money.
MrMagic will have a field day with that very carefully worded missive. Read between the lines and "Participating" is used rather loosely IMHO.
Share issue, debt and more debt. Mr Parsons has cornered the market in Egyptian cotton.
I never mentioned the war. I never mentioned CLN's. And come to think of it I never mentioned laterites. Higher percentage ores are commonly to be found in New Caledonia( less ore to ship to Australia), and Indonesia. You're living a myth, which has diminished by 30% this morning.
Which other nickel laterites are better than Mambare in your very humble opinion: any in PNG?
Oooh. I bet the person that sold those 2m just now wish they'd got up earlier.
It's definitely not what large shareholder Stephen Pearce wanted. End of last year he posted:
"RGM should pay what they owe under the terms of the agreement.
Personally, I'd like 100% of Mambare back in RGM, and I've suggested this to both RGM and Vincent. Even give him a spot on the board here.
They're meeting in the new year, so hopefully a deal will be struck"
...
It goes without saying they don't value Stephen's opinion. What he suggested to them they took not one bit of notice.
...
Also I'm always amazed people try to make a positive out of the "only 3% of Mambare been explored". RGM used to talk about Mambare in some 2006 RNSes. So in all those years very little been done there.
5,000,000 shares to sell. Where's the lock in? I think the JV partner has seen where the share price is heading here in the long term. The lock in has been disastrous for those involved. There is one boot on one foot at Mambare. The nickel is going to remain in the ground for the foreseeable. There are more lucrative ores elsewhere. There is little value in Mambare for Regency. Unless selling a dream to mug punters.
What was so negative about the RNS ? they've resolved the dispute, surely that's good rather than it all being up in the air. certainty is better than uncertainty isn't it ?
Where's the turn around expert/deal maker/ green energy convert/ aka The Failure when you need him? I can hear the sound of spinning plates crashing to the ground along with other mug punter disasters aka Coro, Echo, SOU etc etc. But don't worry about him - long gone to better things.
Where's the deal maker/turn around expert/ green energy expert/ aka 'the failure' when you need him? Hasn't worked out too well has it - exit stage left to the sound of spinning plates crashing to ground. Another hyped up share-confetti disaster for mug punters.
You will be told when appropriate!
If they need funds and have to sell their shares...they wont be feeling too good
End of March lock in over. Smells of cash raise required. Times have changed. No cash available. Any news of the legal proceedings and Mambare that was expected by the end of Q1? You'll be told when appropriate. Mug punters, it is your duty to buy the shares. Go on. Go on. I dare you.
Tiiimberrrrrrrrr......
Nothing will ever change with RRR and RGM, both imo lifestyle companies. All they do is issue billions of worthless confetti shares to raise cash and then the cash seeps away via salaries, admin and other expenses. The figures are horrific if you look at each Annual report.
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 Admin above - £6,560,120
Total cash raised above - £10,245,634
Just unbelievable. £10m cash raised and £6.5m of it went to Admin !!
They got rid of Bell but left Kaintz here which means nothing has really changed imo.
Scott Kaintz Emoluments RGM (salary, pension etc)
2019 - £82,844
2018 - £91,271
2017 - £113,261
2016 - £91,385
2015 - £81,578
2014 - £55,617
2013 - £58,573
2012 - £37,541
Total - £612,070
Nice work if you can get it . . . . .
So very glad I'm not a naïve mugpunter any more and am immune to the BS ramping that goes on with RRR and RGM.
Half Year Report just last week stated Admin Expenses as £371K for the 6 month period, equiv to £742K for a year !!!
The company doesn't even have a £1m MCAP it's £853K !!
Yet is spending equiv of £742K a year just on bloody Admin ! What a total joke!
As with RRR, for me these are nothing but lifestyle ventures for the personal enrichment of the BODs.
For me, both totally uninvestable
DYOR
It might be worth reading the Coro RNS issued today. An early vehicle of Mr Parsons. Involved in oil and gas. But the same MO as RGM. The model is broken. Coro is a case of raising cash on the back of investor euphoria and selling on placing shares at profit whilst introducing debt at exorbitant rates. Great when times are good. Those times are gone. The same model here but later in the " feel good " cycle. Too late. No euphoria. No share placing profit. No cash available, although cash is needed. 0.1p seems a long way off now. But it could happen. And that's in "new " money. Where is the exit door?
Cannot believe they kept the bumbling Kaintz on having removed Bell - only a month or so ago he said RGM was not a 3p share suggesting it would go far higher - well he was right on one count - it is no longer a 3p share, it is a 1p share.
The arrival of Parsons & Co both here and AST has been a disaster so far from a share price perspective.
Who in their right mind would get involved in a heavily discounted placing here? Who are you going to flip the confetti to?
"Junior market metals/mining are unloved atm but this shouldn't detract you from takjng a few #RGM at these low levels.. They have strong cash position to ride out the storm, enthusiastic board and fantastic assets"
https://mobile.twitter.com/SHARES_FTSE_AIM/status/1245300803952349190
Harry. No they haven't. No they haven't. No they haven't.