Member Info for booboobooboo

Less or no further dividends from JMP next year as a result of lower Mg prices will mean normal service dilution now resumes .

I am reasonably confident thats a new low for RGM and edging ever closer to the " Thanks for playing " nominee price of 0.01p.

For a company thats suffering from a self made Critical Capital Crisis (CCC) they don't seem to be in much of a hurry to do anything about it . in fact since the arrival of 2 new directors/additional admin burdens , no further action has taken place to address the CCC .

Of course the original plan / illusion was for MET to service and pay back its own debts by now but instead they have gone the same way everything else the Pied Piper of Paddington touches which is down the swanny.

The last time the 2 most dangerous individuals you are ever likely to meet submerged this company so far underwear in debt was 4 years ago and it finished with all existing shareholders at that time losing 99.7% of their investment before the company returned back to critical mass.

Basically what this all means is , forget how much the likes of SP and PJ have lost to date they still inevitably have a further 99.7% to lose after that.

Prophetically ...

Booboo

The true is RGM continued to inform shareholders DNi were still our Mambare JV partners for 2 1/2 years before coming clean about the fact that DNI had given their share away to an individual and friend to this board .

So yes it is entirely possible they are stringing their shareholders along again this time leading them to believe Mambare is still part of the mix.

May be Vince Sweeney could come forward and inform the board as to what the hell is going on down there?

Inquisitively + pleadingly ,

Booboo

Daisy roots ,exactly or another way of putting it is what the company themselves have already stated which is liquidity NAV 1.7p .

Yes Helpful , whats all this about CZN owing you £100k?

And try and have a bit more respect for Joebop he is after all a qualified geo and the only investor here that can boast has never bought into at any stage RRR or RGM.

That a whole 15M dumped in one go.

Good Morning Zumore, yes thats correct the CZN investment of course was only taken on as pay back to Yorkville who at the time owned 40% of Westport .

So out of all of their investments over the last 3 years totalling £5M only CZN (£50k) and the battery storage business (£50k) remain .

No wonder 99% of RGM shareholders loss 99% of their money cos RGM investments follow exactly the same pattern.

I am sure the CZN investment was originally £660k?

Zumore,

I strongly disagree with your assessment of RGM's CZN investment .

its actually RGM's first, best preforming and only remaining investment since the last strategic review to target passive income .

All their other passive income pursuits like White Car,Rosa, MET etc..( totalling£5,000,000 ) are no longer with us.

LOL, you just can't make this company up.....

I can not stress enough, debt / liabilities /admin add up to 5 - 6 times their present worth.

Yes Magic ,

todays sells may only have added up to £6k in total but based on RGM present overall valuation thats nearly a whole 1% of the business dumped onto the markets in one go with almost certainly more to come.

Hawaii50

"On AIM moves can be rapid and offer large percentage returns."

Couldn't agree more but this is RGM we are talking about....

Debts /liabilities /expenses are 3-4 times their own worth,meaning dilution is a for
gone conclusion .

Forgotten the name of the last ramper but credit to him he came away losing only £110 ,not many postesr on here could make that boast....

Todays 2 purchases are already a 1/3 down in just a few hours.

As a RGM observer for more than 10 years I can confirm this pattern will keep repeating indefinitely .

Commonly known as "Peaker Plants", these types of plants are equipped to generate electricity and sell into the UK electricity market when electricity prices are high or renewable production low, and to buy and store electricity when prices are low or when electricity generation is higher than had been anticipated. Anticipated revenue streams include electricity trading, Short Term Operating Reserve ("STOR") and Fast Frequency Response.

I have never heard so much Billy Ballocks In all my life!

I think they have been sitting on the results for MOD T/O vote reasons.

Isn't the KML drilling update long overdue?

July 24th RNS " A definitive feasibility study is planned covering this DSO operation following the conclusion of this year's work programme. "

So that this years Mambare work program followed by a DFS with absolutely diddly squat to pay for any of it.

Expect the expected, a major dilutionary event imminently .

July 24th RNS

"However, the forbearance agreement is now in default following delays in delivery of the CCL funding associated with this agreement, which was originally targeted for May 2019."

Revenue for August 2018 80,000 tonnes per month

Revenue for June 5,000 tonnes

So it Rosa Mine all over again.....where are the illusive HW's ?

Its pretty obvious Omega confiscated 1x HW in Nov /Dec but its now becoming obvious they have taken them both back , resulting in a 94% drop in productive in just one year.

JULY 24th RNS "GPR walking is now, subject to JV funding, scheduled to start by September."

Dilution here we come....