Member Info for booboobooboo

I understand what you are saying Stephen ,but unless things have changed RGM need to give their partners MET Coal and OMEGA around $1.5M to get both HW's back in operation, the chances are that figure has grown since March .

On top of that the $1.6m time bomb loan hasn't really gone away or been paid down only interest and rearrangement fees have been paid.

Lets face it the original plan was that profits from the new coal asset paid off the loan and clearly this hasn't happened,RGM only have one source of income left available to them but cos of the dogs dinner this investment has turned out to be the SP has fallen 90% ,meaning 10 times more dilution than at the start of the exercise.

Whats your beef with the Yukon asset or have we misunderstood you again and you love it really?

It also stated in the March RNS that further payments were required in order to complete the Omega deal and until such payments are made one of the HW has been taken back by the previous owners.

Bluffer Steve seems to have conveniently forgotten that .

BSP wake up moment apparently was the Yukon deal ,has anyone bothered to research this other than BSP ,personally i couldn't be bothered cos I knew it was a distraction attempt from the Dreamseller that i have witnessed so many times before to try and steer investors away from the real issues going on behind the wizard of Oz's curtain.

Zumore thanks so basically thats the old loan that got them into this mess in the first place plus the conversion loan both maturing around Feb 2020 both totalling £1.5M plus the $565,000 and an additional $500k shortfall that our partners required back in March PLUS an average over the last 2 year admin cost of £800k pa plus an additional 2 director salaries.

All these costs total £3m and don't inc any exploration or development work ,.

The funniest part about that interview is how much Scott is smiling through out and his vocabulary is so limited he uses the word "EXCITED" 8 times.,thats not the word i would use to describe the absolute blood bath his financial directorship has left this company in.

By issuing the May 2020 Notes and retiring a significant portion of Loan Note outstandings, while reprofiling the balance, Regency has shifted the main burden of any repayments into 2020.

Can someone just remind me again ,what happens come May 2020,do we have to repay the £676,000 notes back plus 12% interest or does the whole lot get converted in shares at 0.42p?

Basically at present RGM only really have 4 assets and in the interview all 4 were listed as the main reason why the 2 new directors were attracted to their new positions.

So it doesnt give the impression they are going to be dropping anything inc the vanadium anytime soon which is weird based on Stephen Pearce comments only a few days ago.

Yes, 2% royalty means 2% of gross not SFR net profits i.e. the 2% is now part of the overhead of any new production should there ever be any.

So its $40m over 11.5 years based on $3 lb and a hypothetical non capped royalty.

Sounds like we should be getting a strategic update within 18 weeks.

My fav bit was watching Scotty laughing at his own lies.The last time i heard him say he was excited and it will be worth waiting for , finished with him buying a stake in MET COAL!

KIWI Thats a good point MTR are a bet to nothing ,currently 1p below NAV but if we hit another T3 with KML we will be looking at a 4 - 5 x bagger.

But wasn't the vanadium deal suppose to bring in short term profits,that was nearly 6 months ago now.

https://www.proactiveinvestors.co.uk/companies/news/213260/regency-mines-exercises-option-to-acquire-50-of-north-american-vanadium-project-213260.html

Yes, stay close to your enemies, they must have smelt a coup .They did exactly the same thing last time they were on their knees 4 years when VIP openly tried to organise all the remain RGM shareholders in a solidarity movement .

This is why they are dangerous individuals to know.

Thanks ,I have got it now the loan conversion note was taken out before the total sp collapse so come May 2020 £675k is going to be converted into shares @ 0.42.

So that does only leave us with the £750k loan plus costs.

What are we going to do about the coal,do we surrender the asset and will our partners even want it given the cash burn?

The only thing we "know" is the £750k loan, plus plc costs

Everything else is optional

Stephen is the £675 CLN on top of the £750k plus costs loan you acknowledged to yesterday.

Sorry for this boys but both SFR (Mkt Cap $1.1B) and MOD have gone up again over night by 4-5%.

What 3.5% of $1.1B?

You have to laugh at Stephen thinking Scotts a good idea at the helm,

All I know is Scott wouldn't have lasted 5 minute at my school, not even 5 minutes,no RGM needs a real man running the show or at least they did.It doesnt make any difference who takes over from here they are well and truly screwed.

We do owe around £1.5m and a similar amount over at MET coal then theres £800pa admin total around £4m and all that without any exploration work being done.

Andrew Bell, Chairman, comments: "By issuing the May 2020 Notes and retiring a significant portion of Loan Note outstandings, while reprofiling the balance, Regency has shifted the main burden of any repayments into 2020. This clearer runway through 2019 and into next year gives us more time to unlock and build value, and reduces short-term uncertainty. Our primary focus is on growing cash flows from our coal operations through 2019 and generating cash remittances back into the parent company. In other parts of our business we see opportunities for profit also demanding our attention. For us to be in a position to do justice to these opportunities, this first step was a prerequisite."

Thats exacting right Zumore,we have 2 loans, the convertible loan was taken out to pay off some of the original loan ,the reason being to reduce uncertainty so that the management could focus on growing cash-flows and to unlock and build value during 2019 .

I guess another way of looking at RGM remaining $950k loan ,(originally $1.6m) is how much of the coal profit went towards paying the so far $650k off?

ANS : absolutely none ,there are no profits cos the turnover has halved since they took over.

If they aren't making a profit then they must therefore be making a loss.

ANS: correct

How many shares have been issued so far simply to pay off 1/3 of the loan Scottie Kaintz as FD took out?

Ans : An awful lot with lots more to come, as sure as night follows day.

£18.5m the richer......

Its a great deal because on Monday MTR owned 40m MOD shares @ 16.5p a share ( £6.5m) where as today (post deal announcement) we own 95 million MOD shares @ 24p a share (£23.5m plus £1.5 div TTotal £25m)

We are £18.5m pounds the richer today than we were 2 days ago.

ATM KML is contributing zero value to the SP but thats all going to change very soon.

The best bit for me is SFR are planning to pepper the KCB A4 ,T23 etc and the value of a 2% net uncapped royalty on just a modest tier 2 discover never mind a tier 1 would far exceed todays mkt cap.

The question here hasn't changed its the same as it has always been ,do you believe theres more T3's inside the 20,000 sqkm of the KCB MTR has exposure to?

ANS: yes..

MOD LSE is up another 1p today.

After more than 3 weeks of 24hr KML drilling I am expecting an update shortly ,this week even .

A drilling contract has been awarded to OreZone Drilling of Botswana, with mobilisation scheduled for the first week of June 2019. This first phase of diamond drilling, with an initial 2,100m planned, will test priority fold hinge targets at NCP, after which the rig is planned to move onto KML’s Okavango Copper Project

Taylot has pretty much summed it up.

I think its a great deal for MTR.