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Someone 4 sure unloading shares on any rise
Totally agreed. Down goes the SP. Pump then dump and all just happening to coincide with the unlocking of 18m YA/Riverfort shares. A convenient turn of events for them if they are selling those shares onto naïve mug punters. We will find out in due course if this has been the case from RNS's.
Either way I've watched RRR and RGM for years and the song and dance routine never changes. The business models are imo utterly catastrophic to anyone holding shares for more than a quick in/out dip. The SPs are constantly decimated.
Perpetual confetti share issues, tons of cash going to salaries and Admin, naff all revenue.
The SP here has lost 97% of it's value since Jan 2019
The SP here has lost 66% of its value since December
The SP here will always continue Southward as that is the result of the business model. If you can catch an orchestrated spike along the way then good luck to you but there are so many strong mainstream companies just now making huge gains with almost no risk at all involved that I can't see why anyone would choose to put cash in awful AIM tiddlers.
Just look at the various charts here:
https://i.postimg.cc/NF4h85Rc/RGMCharts-3mth-10yr.png
I most certainly would not want to be the one left holding the baby here
DYOR
Mr38781 shares sold out for a £72.90 loss. Mr79354 shares sold out for a £30 loss. Mr41681 shares was a big gain of £6.26 following on from Mr166,600 who gained £62.
Is there a big pot of money to compensate the losses in a pump and dump? Of course none of these traders are losers. The people who will suffer most are those people who are taken in by the backstory here. And remain long term holders. If you want to know how the story ends look at the long and short term RGM charts. There is no shame in selling out your impulse buys. Did you read the Doctor Holiday tweet on the RGM website? Is that a tweet from a licensed financial adviser? If not, perhaps you can claim compensation from the RGM board. Speak to the FCA. Always here to help.
colinH100 best ask Scott Christopher Kaintz or watch the link I provided https://m.youtube.com/watch?v=JREwZhT2Ne4
When do you reckon we will reach 3p CDF?
When do you reckon we will reach 3p CDF?
Good God not a 3rd share consolidation CDF surely !
The clock is ticking on this share exceeding 3p!
https://m.youtube.com/watch?v=JREwZhT2Ne4
Bambos you've been pumping this POS for years as well as RRR. You were telling people to buy in Jan 2019 when the SP was 0.37p (pre-consolidation). The pre-consol SP today is 0.012p. That's a loss of 97% of the share value. Imagine how many people have lost £1000s from your abysmal advice !
Luckily I am totally immune to "jam tomorrow" baseless rhetoric . Consequently I won't be one of the ones left holding the baby here when the SP falls back down
DYOR
Mr Magic. You have been spouting this nonsense forever and a day. A few days ago RGM was trading at 0.75.. Nearly double that today
From RNS 7th Feb:
"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"
https://www.lse.co.uk/rns/RGM/partial-release-of-lock-in-67k7w1pzih7e966.html
Since those shares were unlocked there has been a concerted pump effort on the chat boards.
Total avoid for me
DYOR
Great upside potential Mr Magic!!!!
SP here was 0.375p in Jan 2019. The shares have been consolidated 1-100 since then Today's SP of 1.2p would be 0.012p in pre-consolidation terms.
This means the share has lost 97% of it's value since Jan 2019.
It's also lost 66% of its value since this Christmas alone
The usual ramping suspects are crowing at a tiny spike improvement coinciding as it does just as YA/Riverfort's 18m locked shares have become unlocked.
Attempts to paint this catastrophic performance in a good light is a deception reserved only for unscrupulous stock promoters.
The company has incurred losses of over £21m since 2012. It has raised over £10m in cash in that period and spent over £6.5m of it just on Admin.
I thank long standing pumper Helpful and others for their encouragements to buy shares in this thoroughly POS stock but I respectfully decline as I value my money and would most certainly not wish to be left holding the baby here when the share dumping is finished. There are far too many very solid companies making huge gains to put money in to even contemplate risking money in the catastrophically abysmal entity that is RGM (or RRR for that matter). Imho.
DYOR
Does anyone know how much the share price has risen here since Mr Parsons took the helm in December?
Hey Mr P is this what is supposed to happen?
MrMagic has gone rather quiet
and up she creeps, on a day when most others are red might i add
Well done Mr Partridge, that is a bit more like it. Are you sure that you put everything in there?
The one about gas being the next one to fail is a fun one: are you saying that the UK can provide 100% of its power requirements through renewables, nuclear and buying from abroad? Perhaps you should be writing for the FT with insight like that?
If one looks at the trading, it looks to me that some people think that something is happening here. Perhaps you need to be a bit more determined in your deramping?
DYOR
That pesky peaky blinder in downtown Southport is due by mid -June. RGM will need to raise funding to get it moving. That is, if it is on time. Timelines are not one of Mr Parsons specialities. Funding is going to be tricky. Are shareholders going to be hit(again)? Where is that cornerstone investor? It's been a hard slog for placees offloading their shares at 2.75p and lately 0.8p. Times have changed. Britain has gone 2 months without burning coal for power, today. Burning gas to generate electricity could be next to fail. Will peaky blinders still be needed? Are they worthwhile or worthless?
Loki - "never heard the expression every dog has its day?"
Yep from a 100 lame rampers who tried spouting the same BS over the past 8 years here and at RRR. All left with their tails between their legs.
The fact is, if you're having to put your money in "dogs" like this utter POS in what is probably now the easiest market to make money in for the past 50 years, then you have to be horrendously bad at investing. There are pots and pots of money to be made effortlessly with great long standing real companies which have huge backers, tons of cash from loans and huge profitable businesses. These kind of companies are rising up and down by 50-100% all the time. They are "sound as a pound" companies. Not pathetic AIM tiddlers with a history of perpetual losses, industrial dilution and BODs who run the show as a lifestyle venture.
Even before the advent of Coronavirus I considered that I would be an absolute moron to put any money into RGM or RRR. Now we're in the most lucrative market for 50 years I'd consider myself utterly certifiable to buy shares in either RGM or RRR.
DYOR
Yes I agree. I'm sure RMI management will not be pleased with RGM.
Let's be honest RGM have nothing to offer RMI. It's the majority owners at Mambare who have the expertise and would do the Mambare exploration. So maybe the large RMI shareholders (Sinom group) should be contacting them.
It must be galling for RMI. The 100% owners of the WoWo Gap project, yet seeing it displayed in the RGM presentation as if it is an asset of the company. In reality, RGM only owns some of the debt in RMI. Referring to the RGM debt acquisition on 9thApril 2020 RMI stated " RMI is not a party to this debt acquisition by Regency ".
On 29th April 2020 in the quarterly update report RMI reiterated " key objective continues to be the preservation and maintenance of its interest in the wholly owned WoWo Gap Nickel/Cobalt project ". And then went on " at this stage, Recency has not initiated any discussion". RMI is quite clear. RGM is an unwanted interloper.
RMI's exploration license EL1165 expired on 28th February 2020. Covid -19 has impacted on RMI and it's operations. A Wardens Court Hearing (WCH) was scheduled for 13th May 2020 as the first stage of the renewal process. On 7th April 2020 the Mining Warden informed all Mineral Resources Authority activities had been put on hold until the State Of Emergency in Papua New Guinea due to Covid-19 was over. So no progress is being made. The SOE was recently extended. The exploration license renewal can take 9 months of so, according to RMI. So nothing is getting done until spring 2021 on the project. At the earliest.
never heard the expression every dog has its day?
The appalling track record is on my side of the argument Loki and you well know it. This company has made losses every single year for years. It's incurred losses of over £21m since 2012.
It's raised over £10m cash from confetti issues and other means and what does it have to show for it?
It spent over £6.5m of that just on Admin which is just laughable.
The net result of such a business model is constant dilution, constant rise in the shares in issue and SP destruction.
This is what has been seen consistently for years. The charts tell the story.
https://i.postimg.cc/NF4h85Rc/RGMCharts-3mth-10yr.png
The spike looks done to me
DYOR
lol you really do have your knickers in a twist about this stock don't you..... makes me wonder why you hang out here? sour grapes? get stung before? Either way this is going to go up over the coming weeks so you can be in it to win it or you can go and cry elsewhere because i'm pretty sure holders here don't want to see your doom and gloom opinions every day. I will pop back to give you a little wave when the SP rises again