Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Does anyone else have a sense of deja vu?
You need to work a bit harder. Obviously the message ain't getting through.
Agreed.rgm will more likely ask for additional funds and dilute again and issue billions of shares again!
https://www.investegate.co.uk/regency-mines-plc/rns/exploration-update/200609131445239063I/
14 years later and still only 3% of Mambare has been explored. Yes over the years it's been one of the favourite ramp angles from the many RGM rampers but there has been very little progress over all these years.
I can remember in two different periods when the RGM market cap hovered around £400,000 and Mambare sat happily in that Mcap. So don't believe this nonsense that this present £1 million RGM market cap is undervalued because it's definitely not.
Lastly I'm not a twitter member but I see lots of desperate rampers today. I see one well known pumper saying if RGM doesn't soon reach 2p he'll eat his own ****tail sausage. Well I very much doubt it'll reach 2p. So it looks like he'll soon be a d*ckless pumper who'll no doubt be suffering with a bad neck and back.
Boooooooomage time!!!!!!!!!!!!!!!!!
It doesn't matter whether it is cheap enough. It doesn't matter that the company has no revenue. It doesn't matter that there are millions of placing shares that need to be offloaded to mug punters so that the next placing can be lined up. It doesn't matter that the company has lost control of the flagship Mambare asset JV with a reduced 41% stake. It doesn't matter that the company has no asset in WoWoGap, just some of the debt in the company reapplying for an Exploration License there. It doesn't matter that there is a State of Emergency in PNG and the country is in lockdown, so no progress can be made.
What matters, is that there is believed to be a queue of mug punters willing to be relieved of their cash so that a group of share traders may make a tidy £62 profit and be locked into a declining share price. Shameless. But it worked yesterday. So why not try again today. Just what the doctor ordered.
Looks like they have been partying with shareholders cash . I see the twitter crew have been saying it’s a buy. But the real picture says something else. Trade with caution
2012 - Admin £1,091,108
2013 - Admin £1,224,013
2014 - Admin £881,947
2015 - Admin £964,761
2016 - Admin £594,733
2017 - Admin £414,943
2018 - Admin £735,697
2019 - Admin £652,918
I’ve just read the previous RNS June will allow a few to dump there holdings. I would hold back till around 0.50s
https://www.lse.co.uk/rns/RGM/partial-release-of-lock-in-67k7w1pzih7e966.html
"The balance of 18,174,545 shares held by YA PN II Ltd and Riverfort Global Capital will remain bound
by the existing provisions of the lock-in agreement and are therefore not available to trade until June 2020."
Personally I'm not the least bit interested in taking those shares off YA/Riverfort and being left holding the baby.
Each to their own of course.
DYOR
Too embarrassed to sell after joining in on the pump? Call back scratchers on "Twitter has done it again". Otherwise your clever profit will turn into a long term investment. Imagine. Holding onto a share for a day, or a week or,heavens above, years and years. Not a good idea with this share. What would the good doctor prescribe?
Mr518,692 was a big winner. £156. Nice. Hey ,what about Mr449,495? £301 loss and he's off. Hasn't he heard of the peaky blinder in downtown Southport? Isn't nickel the the new gold? Shameless. More of the same to come. Hope nobody is out of pocket because of these fun and games.
Mr298,688 shares didn't stay too long. £90 profit and he's off. Mr114,688 shares has gone as well. £68.82 and he's off. The rest will be slinking off soon. Will some of that money they are taking be yours? Nasty. They rely on mug punters. Where is your money kept? In your pockets or theirs?
lol yes
Looks like the same old routine to me. Not personally fooled. Let the mugs learn their valuable lesson.
If they didn't learn from the billions of shares issued at Christmas and the 1-100 share consolidation and the SP having lost 78% of it's value since then in just 5 months then frankly they will never learn.
Nothing ever changes. Endless confetti, £millions expended on Admin, SP destruction.
Fill yer boots
Meanwhile I will stay very well away
DYOR
It has happened at Echo. It has happened at Coro. It has happened at Ast. It has happened at Nuog. It is happening at RGM. Anyone spot a link? Hope you are not reeled in.
The good doctor is on the case. No progress on Mambare for the next nine months. Don't worry. Luckily RGM lost control under Mr Parsons and now has only 41%. So less to lose. RMI cannot progress the WoWoGap asset until after the State of Emergency is lifted the to Covid-19. And then it will take at least 9-11 months to get an Exploration License. So no rush there. Luckily, RGM owns only some of the debt in RMI and not the asset. Just to add the cherry on top nickel is the metal most likely to be hit by the recession. So sit back and enjoy the Twitter ramp and make sure you're not left holding these puppies when it is over. Mug punters queue here.
Last post. Bad calculations on my part. Today's share price may actually be around 4000 times smaller than the 1.7p share price when Scott Kaintz joined RGM in 2011.
Yet the likes of Scott Kaintz like to make out RGM are an exciting fresh new company who are just starting out. In reality they are a shocking company who should have been delisted years ago.
Looking at old news releases,. Scott Kaintz has been at RGM since November 2011. In December 2011 RGM did a placing at 1.7p. Since then RGM have done a 1-20 share consolidation + another 1-100 share consolidation: so combine them together and RGM have effectively done a 1-2000 share considation since the 1.7p 2011 placing. So taking the consolidations into account the RGM share price today is roughly 1000 times smaller than it was back in December 2011.
Invest in RGM and you may get lucky and get a spike. But RGM is a bad bad company with lots of bad directors. To me it is inevitable this share price will drift lower and lower until the next share consolidation happens.
PS:. No I am not being downbeat because I'm trying to buy in lower. I'm just saying this is a garbage company with useless money grabbing directors.
https://www.thenational.com.pg/two-week-extension/
Lockdown extended by two weeks, SOE extended by two months.
this photo of food would sum up RGM:
https://mobile.twitter.com/ratemyplatenow/status/1267546186459885569
Regency mines hasn't got rid or Andrew Bell or Scott Kaintz yet!!!! They need to go, be voted out or physically need to be removed by shareholders and held in quarantine, give Covid-19 infection and no treatment. I see Regency mines has invested in Curzon, I wonder for how long before they sell the shares. Bell bought 5 % of shares in Greatland gold 6 years or so ago at knockdown price of 0.4p , now it went to 9p recently. Share holders money in Regency would have mega mega bagged. Bad Luck to all said Bell and Kaintz as always. They are both devils??????
https://www.lse.co.uk/rns/RGM/partial-release-of-lock-in-67k7w1pzih7e966.html
"The balance of 18,174,545 shares held by YA PN II Ltd and Riverfort Global Capital will remain bound
by the existing provisions of the lock-in agreement and are therefore not available to trade until June 2020."
"Regency has executed a lock-in agreement with Red Rock Resources Plc ("RRR") covering the entire
position (3,383,633 shares) currently held by RRR. Under the terms of this agreement 100% of these
shares will be locked in through March 2020, 70% will be locked up through June 2020 and 40% of the
total will be locked in through December 2020, at which time the agreement will expire."
Monday morning will be June 1st.
DYOR
Bambos desperately trying to pump this POS on ADVFN. Poor chap must be so underwater here. Also smacks of an imminent confetti issue imo. The more fervent the ramping with these kind of dilution pit shares the more you suspect they are trying to get placing shares away.
The track record here is utterly abysmal, just look at the Annual Reports and the charts.
The SP devastation is relentless. Already in just 5 months the new chairman and chums have managed to wipe 78% off the share value here. Genius ! But as long as they can keep issuing confetti shares and raising cash what do they care?
Company is expending £742,000 a year just on Admin FFS !! Company only has a £1m MCAP. It's ludicrous imo.
Why the hell the larger investors got rid of Bell but left Kaintz in place is a total mystery but regardless a huge mistake.
SP will continue being decimated until all the original BOD are removed and until the business model is changed from being a lifestyle outfit to something that will deliver shareholder value. With Admin running at £742k a year and pretty much no revenue the outcome is always going to be the same. More and more confetti placings, dilution and SP value loss.
Total avoid for me
DYOR
I think the state of emergency still in place in Papua New Guinea due to the Coronavirus is not helping. All meetings concerning the Exploration Licence reviews are on hold until after the pandemic. And then the process will restart and take 9-11 months. The time lag is staggering. The share price is only going to drift. Downwards if recent history is anything to go by. Hard to see any reason to buy for the foreseeable, and by then another discounted cash raise will be looming on the horizon. Is downtown Southport shovel ready yet?
Plenty of them bashing this little rocket... I wonder why???? Cheap shares available ... What a time to be buying... strong buy