Member Info for booboobooboo

We haven't really sold the crown jewels ,we have exchanged then for 3.5% of dividend paying SFR which will do all the work and pay for all the work for us.

Free KCB exposure with divs attached ,if they find something and they are much more likely to then with MOD our 2% uncapped royalty will be worth a lot more then our present mkt cap.

Thats good to hear ,we are all on the same side really,lets just see what happens then.

Worth noting SFR went up 5 % ($50m) last night as investor woke up to what a great deal they have just landed as well as MOD ,but of course in MODs case buying in at 41c ,10% below the T/O price, is free money.

The funny thing is ,it was always MTR that would benefit the most from a MOD T/O ,if all goes to plan we do end up with nearly 150% more MOD shares at the end of all this, that get converted in SFR.

A fair NAV ATM is something nearer 2.5p

So the vanadium was your wake up moment ,its a pity it wasn't 2 years earlier after Scott posted that video of the HW that never was.He gave lot away about himself that day.

https://vimeo.com/210747551

You would be quite a few hundred thousand pounds the richer if you had.

"Read the RNS again, then again, then get an adult to explain it"

Stephen it might be worth pointing out that you are the one thats acting the naive child here ATM.

I am not the one that got into a strangers car with £500k worth of cash in a suitcase under the false promise of sweets and jammy dodgers.

Why don't you just admit it, they Rogered you! And they are going to do it all over again unless you wake up!

"For me, things changed with the announcement of the Vanadium deal."

Do me a favour thats you said about the Met coal deal.

LOL

Stephen i suggest you read the March 11th RNS again , if we owed our partners $1065k 3 months ago how much has that grown by today?

LOL, probably because we have all been too busy focusing on the $300k a month cash burn the last investment was and is still costing us.

RGM is an impossible conundrum it needs £4M this year just to stay a float.

The Company currently estimates that a deficit funding situation with its JV partners of approximately $565,000 thus currently exists.

Regency has been made aware by its JV partners that an immediate requirement for additional working capital of approximately $400,000-500,000 currently exists coal sold during this period represents approximately 49% of the totals originally planned.

How can we ignore the March 11th news delivered more than 3 months ago,it would be high reasonable to assume the situation there has got worse.

I will happily give the new management team a chance once proven and a good way of doing that would be to give us all an update on everything ,strategy ,coal production ,money owed,the rest of the portfolio ,salaries and how the hell we are going to get out of this impossible mess.

ps there also a director a ES TEQ that needs paying too.

Stephen , I am so sorry for this but you have been led a merry dance .

Whats your breakdown over the next 12 months Stephen ?

Yes ,based on the March 11th RNS they have been burning $300k a month since taking on the MET coal investment plus £800k pa average over the last 2 years on admin plus £1.5M loans @12% plus the March RNS stated there was a £500k shortfall and an additional £500k final payment required .

Whats your breakdown?

We need £4m to remain a going concern its as simple as that ,thats where we are at ATM and with only one avenue of getting the money we all know where this is going .

Dilution, consolidation,dilution ..............

Stick around if you want to join the 99.7% club.

Worth noting that if you using the same equation of £5.5m for 30% our KML holding is worth £10m making our overall NAV £38M / 2.4p.
.

Taylot agreed and also our 3.5% of SFR is likely to remain non diluted what with them having their own cash to fund everything.

I don't think shareholders realise that the next MOD fund raising would have dropped our holding down to 5% .

Nonsense back, he was a yes man,agreed but he also had his own ideas which were just as dumb as the Chairmans .

At the end of the day RGM problems are financial and he has been the FD for as long as I have been observing this company i.e. more than 10 years.

Under his FD stewardship he has successfully bankrupted the same business twice in just 4 years.

It was also Scotts idea a few years back to bet £250k of shareholders money with Yorkville that the SP would stay above 1p, needless to say Yorkville sold all their discounted shares that Scott had only just issued to them and the SP plummeted .

Yorkville won the bet, and you have guessed it ,were paid in lieu of cash with shares that were of course discounted further.

All Scotts idea!

As always you just can't make this company up.

It might be worth pointing out that WC was Scotties idea and as Financial Director so was the MET loan and all the dilution that came with it.

Remember as FD this is the 2nd time in 4 years he has bankrupted this company and in doing so took a lot investors to the 99.7% Club ,which is where Stephens heading.

Yesterday was a fools rise , who's now running the company simply doesnt change the fact that we need £4m in the immediate short term with no source of getting it other than dilution ,consolidation ,followed further dilution after that.

There are no other options.

Anyone buying in today will be finding themselves joining the 99.7% RGM losses club.

Agreed ,i think this is a great deal , all of KML tenement are in the T3 neck of the woods so should we make a KML discover I am sure SFR will be very interested .