Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Let's be honest real companies are tanking in price. So why would a make believe company like this be doing better than them.
So like I say, no surprise.
Looks like margin calls. Someone in trouble.
For the company ! That's an eye watering deramper !
An interesting after hours Friday RNS for Ascent Resources where the beloved Mr Parsons is executive chairman. His arrival coincided with the usual cash raise, this time at 5p. Ascent shares today are 3.25p and so far only £500,000 has been raised out of £800,000. The raise has been lowered to £700,000. That's the trouble when mug punters don't raise the share price above the placing price so that placees can sell out at a profit. It worked at RGM and I'm sure he is counting on it working again. The wheels are falling off. Call the doctor to orchestrate a ramp. And those twitters. Otherwise there won't be any money for a fuse on that plug in downtown Southport.
That will be quite some consolidation.
toilet paper shortage may impact the RGM price.
By the end of the month here easy
Just started investing.
@IG
You clearly haven't done your research. I've been posting about this share and RRR for many years as have many others who totally know the score with Bell & Kaintz. Neither do I think there is any turnaround here at all. The original BOD have not been completely removed. They got rid of Abbot and left Costello. Nobody is going to consider this any kind of "new start" imo while ever that situation persists.
If there were a turnaround you'd expect a completely different Modus Operandi from the BOD here.
RRR and RGM have historically and relentlessly been dilution pits. The MO is a rinse repeat of issuing billions of confetti shares at discount to cronies like Cornhill and Yorkville, get plenty of fingers in lots of project pies, none of which ever come to any fruition, put out lots of chirpy wordsmithed RNSs, whilst continually taking £millions in director salaries and admin expenses.
I don't see any turnaround, only more of the usual nonsense.
All they've done is exactly the same. Issued millions of shares at discount to crony lenders, then yet again consolidated the shares, this time on a colossal 1-100 basis (only 5 years ago they were consolidated on a 1-20 basis) .
Nothing will ever change with these companies unless and until THE ENTIRE original BOD and all associated cronies are removed from the picture. Since that has not happened, there is no reason at all to talk in terms of any "new start" or turnaround. Both RRR and RGM have far too much history and have established far too poor reputations for the mugpuntery to be remotely fooled by recent events imo. Ramp on old chum. Everyone else DYOR and do it well.
I've been in this game longer than most.
It's easy to put a negative spin on a turnaround story. You crack on.
One thing I know for sure is people dont waste their time posting on a share they arent invested in unless it's a good one and they have an ulterior motive.
You'll be gone soon when it starts to move north and deliver. So it makes no odds to me.
Goodnight ;)
Laughable IG
Company had 1.5bn shares in issue. Issues over 7bn more and consolidates the shares on a colossal 1-100 basis.
What a joke! Lots of shares locked in for 3 month staggered periods some of which will be unlocked soon.
Expect plenty of ramping imo
Hope everyone is doing well. Ready for lift off soon lol??
Probably market makers with their net short positions desperately tapping the keyboard trying squeeze the last of the panic sellers out to get flat.
This is going to be hilarious soon :)
Yeah, right. The clock is ticking. End of the first quarter for the Mambare update. That's the flagship if I remember correctly. For what it's worth I think it will be delayed. That's Mr Parsons MO. The legal proceedings, the exploration of an alternative JV structure, probably a minority interest. Mr Parsons will leave the bad news hanging until any news is acceptable. Current market conditions make anything other than hard cash acceptable as collateral. A cash raise must be imminent. Not good timing. That's the problem when you trade in bluster. The cold wind of reality blows it all away. Desperate times. The doctor will prescribe a ramp. Self isolate, sit on your hands and keep your money in your pocket.
"I'll keep accumulating on the dips. Soon we will see whether being a buyer or seller at 2.3p is right."
Yep you can but laugh really. Both RRR and RGM are one permanent dip. The 10 yr charts just do not lie.
RGM 10yr catastrophic chart
https://i.postimg.cc/v8kGH6d6/RGM2020-10yr-Chart.png
RRR 10yr catastrophic chart
https://i.postimg.cc/sxCKGZCS/RRR2020-10yr-Chart.png
Both total jokes imo
"I'll keep accumulating on the dips. Soon we will see whether being a buyer or seller at 2.3p is right."
1. You are going to be buying lots of shares
2. You'll wish you hadn't
IG - "Out with the old, in with new. The Restructure in December was a fresh start"
No not really imo and that of others. The "old" is still there in the form of Scott Kaintz, an original board member of both RRR and RGM. While ever he remains there will exist plenty of scepticism. No question, ALL the original BOD must be removed imo.
Aside from that nothing looks particularly different to me. This has been a company run as a lifestyle venture for the BOD imo, endless dilution, share consolidation etc etc. The so called restructure just did more of the same on a gargantuan scale. 1.5 billion shares in issue and they needed to issue over 7 billion more. Unbelievable really. Then a colossal 1-100 share consolidation.
Nope I doubt many will see December as the start of anything new. Just more of the same on a much bigger scale.
So the figures you are quoting are in the next annual results or the one after that?
Someone is confident :)
You'll see in the new set of accounts that Directors are taking hefty salary reductions and expenses are far lower. Running a tight ship in 2020. Out with the old, in with new. The Restructure in December was a fresh start. Watch this space.
Unfortunately if you want to see it in black and white then you will have to wait. But the boat will have long since sailed by then.
IG - "God knows why everyone keeps going on about a placing when they just raised £830k in December"
Probably because Admin costs alone ran at £652,918 last year and £735,697 the year before so that mass issue of confetti
is mostly soaked up by salaries and expenses. Doesn't leave much for actual project work does it?!! Same old.
That's a gross figure. What is the net figure to the company? Where do you get your figures for current expenditure and administration costs? Could you post them?
Good Luck to you.
I'll keep accumulating on the dips. Soon we will see whether being a buyer or seller at 2.3p is right.
God knows why everyone keeps going on about a placing when they just raised £830k in December. Post restructure their expenditure is very low.
The fervour of early morning has dissipated. Where are the people who've heard rumours? Were you sucked in? Someone has probably made a little money. Is it really worth it? Seedy. Some people should be ashamed of themselves. Stop trying to get the naive investor to bail you out. Man up, and sort out your own mistakes. There is another cash raise on the way. More dilution. More decline in the share price. There is no value or substance in this company. Unless you are on the BOD gravytrain.
To me there has been a blatant concerted effort on twitter to hype the share up ! To me as a cynic, these are all involved in the forth coming placing and trying to forward sell their shares. I find it totally immoral ! We all want our shares purchases to rise, and by all means ramp away if you believe in the company, but don't lure in unsuspecting naïve newbies who probably worked hard for their money ! You can not have a conscience to do this, a bit like Andrew Bell and Scott Kaintz in my opinion.
Here are a few other shares that you should also look at if you are considering RGM
Flybe
NMC Healthcare
Afren
Polly Peck
and many others too numerous to mention.