Member Info for booboobooboo

And btw I am anything but laughing at you , I think you are doing the right thing ,its obvious now things are safe that you need to average down reducing your dependance on needing a 10 bagger in order to break even to only needing a 5 pager or less depending on how many you can afford or are prepared to buy.

GL

I genuinely am hoping this takes off from here as you are right the main bad egg has departed .

It really doesnt matter how you spin it, today 15 million shares equates to 1% of the business where as post mass dilution those 15 million shares will equate to 0.166% ,approx 6 times less.Meaning a Stephen Pearce 17% holding comes down to 2.82%.

As always the calculator is your friend.

Having made my point , i do except all of Stephens arguments about the companies new prospects ,my reservations are ,SK is still here, will RGM simple waste their new money on new coal type projects, 25% additional dilution post JP conversion ,4.5 billion shares that can be sold if above .0275 at profits.

Lets put it another way a £10k investment at the Teather offer price 18 months ago i.e. 0.9P would have bought 1.1m shares

A £10k investment this time last year i.e. 0.3p would have bought 3.3m shares

Post dilution and 100 - 1 consolidation and the 1.1m shares become 11,000 x 3p value = £330

30 x bagger required to breakeven.

3.3m shares becomes 33,000 x 3p value £990

10 x bagger to breakeven .

Your average was 0.5p (180m) than you added 60m at an average 0.07p and your 17% holding is about to get diluted to less then 3%.

And ...... all thanks to Scott.

The finance director is the finance director and will always be the finance director . The failure of this company TWICE and the main reason why you need this to 10 bag just to break even is poor financial management .

He also made and posted the HW video that we now all know "never was"

He was also 100% responsible for the White Car investment failure .

https://vimeo.com/210747551

However my personal favourite is this one Aug 20th 2012.

Red Rock has entered into a subscription agreement with YA Global Master SPV, Ltd ("YAGM"), whereby 37,500,000 ordinary shares in the Company ("Shares") were subscribed for at a price of GBP0.02 per Share for a total cash consideration of GBP750,500 ("the Placement").

Separately, YAGM and Red Rock have entered into an equity swap agreement (the "Equity Swap") over a notional 37,500,000 shares in the Company (this does not involve the issue of new Shares). Under the terms of the Equity Swap upon each of six monthly settlement dates the prevailing market price of the Company's Shares, discounted by 10%, will be compared to a benchmark price of GBP0.02 per Share (the "Benchmark Price").

- If the discounted market price exceeds the Benchmark Price then a payment is made to Red Rock by YAGM, with the overall payment depending on the amount by which the discounted market price exceeds the Benchmark Price.

- If the discounted market price is less than the Benchmark Price then Red Rock will owe a payment to YAGM, with the size of such payment depending on the amount by which the discounted market price falls short of the Benchmark Price.

In order to satisfy any such payments under the Equity Swap, Red Rock has deposited GBP625,000 in an escrow account. A portion of the escrowed funds will be released to Red Rock on each monthly settlement date after first, deducting any payments that may be owed to YAGM.

Obviously YAGM shorted the SP down winning the bet and losing shareholders £250k and all Scotts idea.

The question is why was Casino Scott betting large amounts of shareholders money in the first place?

Why hasn't Scott Kaintz stepped down and apologised to shareholders for being completely and utterly useless?

I understand Stephens argument about looking to the future and leaving the past behind , but that doesnt work if the person that is 100% responsible for the complete downfall and collapse of this company TWICE.. retains his position as financial director.

If anything its extremely dangerous for shareholders for him to still be here.

3 billion shares for £830k

0.5 billion shares to RRR (£145K)

2.6 billion shares (locked in for a period )

1 billion £280k

TTotal 7.1 BILLION new shares of which 2.6 billion are locked in for a period ,leaving 4.5 billion that can be sold at profit provided the SP remains above £0.000275.

Thats a lot of shares , 3 times the present amount of shares in issue to be precise with a further 2.6 billion to be added over the next 12 months.

If you take the JP loan option into account that adds a further 2.6 billion shares to the equation ,meaning in order to clear debts and to get back to zero again this present incarnation needed to issue an eye watering 11,200,000,000 shares,3 times more than the incarnation before .

Dalai Lama of AIM needs to learn from Scotts child like mistakes.Including a mass dilution thats it about to happen over at RRR next week that will be the 5th time Scott has gambled large amounts of borrowed money at high interest rates and successfully managed to lose every penny of it .

Zumore,

Well its been a funny week , we have witnessed dilution to a scale we could never of imagined , accompanied by a new director/investor who's reputation sounds even worse than Bell's .This company has had more lives than a Dalai Lama with RRR next on the list for mass dilution next week.

The future for now is a lot brighter than it was ,but with a New Years overhang at levels never witness here before.

On a slight more positive note Andrew Bell Brexit Candidate for Buckingham odds have shortened at the bookies suggesting he's in with a chance of winning and in doing so putting himself well and truly on the public radar.

Those Kenyan butterfly videos could be worth a few quid post Dec 12th.

70% of the entire stock traded in one day and he's nowhere to be seen.

I take your point on this occasion we need to give the company the benefit of the doubt regarding licence renewal .

They have over the last 18 months teased investors into thinking something is happening in Mambare, then silence .I am hoping now that they have the money thats all going to change and that focus stays with Mambare with no further distractions . Just for the moment we don't need a new capital draining asset to be added to the portfolio and they absolute must learn to never borrow money ever again ,inc RRR this is the third time Scott Kaintz has made this mistake .

I don't know about this JP chap being dodgy , in my opinion he's more of a white knight cos without him RGM would have been finished they were clearly borrowing money from RRR all along .

Stephen,

On a slight different and lighter note, I do find it quite entertaining that for the last few years at stages Zumore has been almost single handedly posting on his own.Then today for the first time in a long time this board receives 100 posts and all new faces too and Zumore is nowhere to be seen .

LOL

Thanks,

I think you will agree it is a bit confusing ,renewal confirmation was made on 24/7 confirming a renewal of the Mambare licence (2017 -2019) but of course by that stage the 2 years has already expired.

The true is as I said before renewal confirmation has not been forthcoming nor has a works progress,I don't know whether you have ever been to a jungle before but if you go to the effort of making a clearing and then don't do anything for a year or 2 ,when /if you come back you'll have to make the clearing all over again .

"The focus for exploration in 2019 will be new ground penetrating radar ("GPR") work initially to provide more detail over the existing JORC Resource and next over wider areas of the plateau to extend the area of known laterization. The process of cutting lines and clearing access has been under way for several weeks, though the GPR itself is not expected to start until after the rainy season ends in March."

Stephen this is the last time Mambare was mentioned in an RNS and that was in January .

The time before that this statement was made

"As noted, we have not yet received formal notice of licence renewal and will provide further updating on this and other matters."

Needless to say no renewal update was forthcoming just some hot air about a works program that never was .The true is we are still waiting for confirmation of a licence renewal that has taken so long it actually expires in a few months time.

Thanks,

I am so sorry but I just don't understand whats in it for JP ,why would he be taking on £700k worth of debt at 8 % interest for nothing?

Plus it appears to only be an option so even come the 27th Dec RGM will still be carrying £760k worth of debts.

I am guess that if RGM can stay at this price post consolidation mkt cap will be £3.5M and they will exchange debt for shares then.

RGM have today whipped £2m debt off the books while raising £800k at the same time ,yesterdays/todays shareholders will only represent 10% of the reincarnated RGM thats the price shareholders have to face for management failures.

If we were in Japan SC would now turn his own light off for the shame of his mistakes,I am not asking for that but he should at least apologise and resign.

Finally I think the company should make clear whats actually happening with MET Coal and clear up the Mambare licence rumours .

Sorry

So JP would be get shares in exchange for taking on the debt burden,is that right ?

Stephen ,why would JP want to buy this debt , thats the question ?

Stephen ,why would JP want to buy this debt , thats the question ?

Notification of Option over Debt:

"The Company has further been informed by YA II PN Ltd and Riverfort Global Capital Limited that, following the subscription for the New Loan Notes, both parties have granted an option over their interests in the New Loan Notes, totalling GBP729,272, to C4 Energy Ltd ("C4"), a UK incorporated private company."

So at the end of all this massive dilution RGM will still hold £759k of debt @8% with C4 having the option to take on £729k of it.

The only reason why they would consider doing that is if we were to give them something in return ,does this explain why Mambare has'nt been mentioned recently?

Post consolidation a whooping 86% of RGM share base will be new shares bought in at 0.0027p so anything above that price is going to be quickly sold into.

THIS IS A FACTUAL POST:

With 2 lives lost so far , this is going to be RGM 3rd chance .During their 4 year long 2nd life they managed to raise and spend around £8M losing all their assets with the exception of one, and un-finished car battery charging point somewhere in Liverpool.

We are all left guessing but may be the share buy back delay is really because we are waiting for a SFR SP recovery or has the SFR SP stagnation been due to us selling down in order to start the share buyback.

I suspect whats really happening to SFR ATM is not us selling down but MOD shareholders post div record date.

“Tomorrow’s news today”??????#RegencyMines... In discussions with X #SOU CEO James Parsons & Continental re takeover/deal.
Discussions have been ongoing for quite sometime. Take it as 100% sourced."

Are we sure one of the Sinners sauces isn't HP?