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Yes of course, CZN Curzon, the next company to outperform the market
https://www.lse.co.uk/ShareChart.asp?sharechart=CZN&share=Curzon-Energy
I don't think that there has been a share consolidation there yet, but I may be wrong.
Kaintz is at CZN as well I believe !!!!!!
Re Scott Kaintz slary
Please note that this is for a part time role, he spends equal time on his other role at Red Rock Resources, where he is co-director with our erstwhile CEO Andrew Bell,
https://www.rrrplc.com/about-us/board-of-directors/
Now he is CEO of RGM I would imagine that he must have had a pay rise, surely?
Total emoluments (salary, benefits etc) of Scott Kaintz, original board member still present
2019 - £82,844
2018 - £91,271
2017 - £113,261
2016 - £91,385
2015 - £81,578
2014 - £55,617
2013 - £58,573
2012 - £37,541
Reward for abject failure to deliver any shareholder value.
Figures from Annual Reports
Losses incurred, amounts frittered on Admin Expenses and amounts of cash raised (i.e. via placings)
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 raised above - £10,245,634
Anyone who thinks the above represents an investable company, well good luck to you . . .
Over 50% of cash raised (usually via dilution) is expended on Admin
This is the very definition for me personally of an AIM lifestyle venture, there for the personal enrichment of the BOD at the expense of mugpunters.
Rampers will always attempt to draw people's attention away from such hard facts and try to tell you that today everything has changed and will in some way be different, and yet the long standing track record demonstrates admirably both the Modus Operandi of the company and the devastating result it has on the share price and thus people's holdings.
I recommend people look at the 10yr chart here which I provide a link for below:
https://i.postimg.cc/v8kGH6d6/RGM2020-10yr-Chart.png
As TheDuke imo correctly stated, any rampers here will likely be beneficiaries of cheap discounted placing shares looking to palm them off onto naïve PIs at a tasty profit. Thankfully I am long since immune to the "jam tomorrow" rhetoric they are so fond of posting. Each to their own as always.
DYOR
We've all been here before. Remember the wonderful opportunities with US coal mines?
Tweets being retweeted. Just what the doctor ordered. Or is that Mr Parsons? There is a need to get the share price up before dumping the bad news bomb. Don't let yourself become a long term holder. Your money should stay in your pocket or it will end up in theirs.
..well it would be telling for RGM to reveal how much cash is left. Less than 400k seems very likely. But how much less is hard to estimate... maybe heading down towards 200k after paying recent expenses creditors?
2.4p ASK now
You are looking at out dated information. Post restructure alot has changed. But it doesn't suit your agenda so i don't expect to have a fair debate with you.
Look in the annual results for administration costs investing genius. And those fingers in pies are listed under liabilities. Where do you do your research?
Haha ok mate if you believe what you have just written then sell or move on. Clearly its not for you.
£3000 expenses a day is hilarious. Maybe you should actually do some research. Feel free to give Scott a ring and he might be able to help rest some of your concerns.
They have alot of fingers in alot of pies
It is a company with no revenue and £2,000 a day administration expenses. Probably £3,000 a day now that Mr Parsons is on board. They have legal proceedings taken against them by their JV partner in Australia and need to find millions to rescue that deal and be involved in its progression(if any). It needs to fund its "plug in" in downtown Southport. The shares have no collateral as payment because they are falling in price (50% fall since December). Only saving grace is the stake in Curzon and the stake in RRR. How are they doing? That's why some might consider a cash raise imminent. Add on the fact that large holders want to sell shares at the nearest opportunity ( lock in ends March) and you might get a hint of desperation on the cash front.
Why would there be a placing when company has £700k cash in bank raised only in December ha. I mean what utter garbage being spouted here
Rampers out in force ! No doubt all participators in the forth coming placing !! All I say is beware newbies as they try and suck you in !
Wow that is quite some buying volume today.
Reckon market makers are short as no way is there that supply in the market at these levels.
Could get pretty funky here soon ;)
Is my buy.. hearing news comes next week
Duke you really are a strange one.
I was approached earlier by a contact wanting to know if I wanted to sell my position for 2.25p when the price was lower. I said no. I told them the price I would sell at, which is much to the North of here. So when I refer to someone sniffing around for cheap shares that is what I meant. Hey Presto! Shortly after I said no, some buying starts. Them buying the market has moved the price up. If they had found a seller then the price would not have moved up.
With regards to a placing: it would seem that you are fixated about placings. If you keep saying one will happen then eventually you will be right. Placings aren't always bad news, it depends what the purpose is. If the purpose is to pay salaries and expenses then that is not good but if the placing is to fund new assets then that is a good thing.
RGM will at some point be acquiring new assets: which ones, when and on what basis, I have no idea and neither do you.
DYOR
Cheap ?? Depends what you class as cheap !!! Compared to next placing price ?????? Cant see them looking cheap then !
So the buyer that was sniffing around for cheap shares has decided to buy in the market.....
Don't mention elephants. This one is a white elephant which can be lit up when it's dark. Cheap energy from the peaky blinder in Southport. Take your mind off the JV and legal proceedings and the looming " discussions include exploring various alternative JV structures, including a re-framed JV arrangement". There could well be an imminent cash raise and a reduced stake in Mambare. The latest "lock in" of shares held by the large shareholder is ending in March. There is a propensity to sell.
he he - Glad someone is exposing the utter trip that is happening at RGM !
When InvestingGenius thinks it is a winner.
"Regency Mines (RGM) updated the market on its “Flexible grid solutions” project at Southport yesterday, with confirmation a G99 application had been made to the local electrical network operator. Whoppy do…but so what? This is just RNS rollocks for the sake of it in my view.
Any electrical generator has to have a G99 consent where it is not operating in island mode- that is connected to the national grid and generating power for local consumption. The process has replaced the old G59 - connection in parallel to grid consent. This requirement has applied to any standby generator that could connect to the grid while live – like most standby sets powering up office buildings of note during routine testing or re-connection on load change over following a loose of incoming power. It’s just a normal well established application process and has been the case for as long as I can recall. And that’s more than 30 years!
Why did Regency consider this G99 application was worth of an RNS? I have no idea. Sorry to me this information is no more worthy than advising me of Directors bowel movements!"
"It has however triggered me to review the company what this company is proposing in more detail.
I note the company presentation dated January 2020 talks about “flexible grid solutions”, with the Southport project being the first of four identified schemes. It describes the Southport project as 7.2Mw plus 2 Mw of battery storage to follow used as a peaker fast reaction plant. It then describes the Southport project as a 7.2Mw CHP (Combined Heat and Power) scheme, with three further CHP schemes outlined – down to a 500Kw scheme. That’s a medium to large lorry engine - unexciting, and in my view worthless to a listed company.
In my view this company is talking technical rollocks. CHP schemes have to be what is known as heat lead. That is the heat is required and the plant is run to suit the heat demand. The power output is then a consequence. That has been the case since the mid 1980’s that I have been involved in such projects. That means it runs regardless of the power price. It’s not a “peaker plant” which starts quickly and runs when the power price is high – it runs when heat is required, which needs to be most of the time to be economic. Establishing the heat output at stable conditions takes time – often measured in hours rather than minutes. In my experience CHP and “peaker plant” are diametrically opposed power solutions.
I would suggest this company has no idea what it is stating to the market regarding its “flexible grid solutions” investment opportunity– or if it does its bypassing my understanding. Is it aiming to provide a peak generator operation (variable low hours of operation but high margin on unit of generation?) or a CHP (low margin but more hours of operation)? Does this company know what it is talking about?
I make no judgement on Regency’s other operations, but would assume the company history confirms the prospect are not great or they would have been developed by now.
I note that James Parsons is the new Exec Chairman, formally of Sound Energy (Sou) infamy and Nigel Burton is a NED, formally of Nu-Oil and Gas (NUOG) infamy. They have a track record of investment cases that have done well – at least in terms of the share price being ramped up before the fundamentals shine through and the share price craters.
I did hold a few shares in Regency, but yesterday’s RNS convinced me the company is likely to be nothing more than yet another share promote vehicle. I sold and question my sanity on buying in the first place!"