Member Info for booboobooboo

The issue of 10,000,000 subscription shares to Andrew Bell, and the issue of 10,000,000 Subscription Shares and 5,000,000 Fee Settlement Shares to Paul Johnson on Admission .

Looks to me like these 2 individuals have just calculatingly bought themselves a job knowing they will re coup the money back with just a few monthly pay slips.

Andrew Bell, the company’s chief executive, added that given a “struggling” junior resource sector there were “many attractive resource opportunities” available to the company that would not have been possible in a stronger market.

“Given the company's solid financial resources, we intend to take advantage and are reviewing various new opportunities to complement existing interests.”

ABM ended its latest fiscal year with a cash balance of £150,000, which was supplemented post-period by a £1mln equity issue.

Well they are going to need to be quick spending that £150k surplus cos over the next year the board will be taking more than 4 times that amount in salaries and expenses alone.

RGMTransformational News3 Aug '18

Make a note of this day, 3 August 2018.

The day Regency Mines became a revenue generating company.

A transformational day indeed.

RE: *Extends middle finger!2 Aug '18

There's nothing to turn round, it's already making profits !!!

RGMAt what point21 Jun '18

Assuming RGM deliver a producing coal asset, at what point do you guys accept things have changed?

Ever, at all?

1p?

2p?

RGMRE: Stephen Pearce says19 Jun '18

RGM aren't taking on any debt.

If the coal project requires a part financing (depending on size etc) then that will be at a project level, not Plc level.

ie the MeT JV may have a finance agreement with the current vendors.

Project pays, not RGM.

Someone with a very large holding has been dumping here since the 26th ,approx. 20 MILLION .

Why the SP isn't 0.01p by now completely amazes me.

We might all need to get ourselves a new hobby come next week.

Yes its hard to believe that combined,PJ and SP have p1$$ed away nearly £750k on total hot air.

Monday (April Fools Day) of course could be RGM last trading day ever.

Theres no real point in continuing to throw good money after bad, by my estimates RGM are going to need ten times their present Mkt Cap just so that they can continue to lose more money mining what has is now apparent to all, unprofitable coal.

They both positioned themselves in preparation for this eventuality with Scott "its going to be worth waiting for " Kaintz taking additional jobs at the WC and CRN board and Andrew " everything is in good order" Bell reincarnating himself on the ABM board.

i look forward to the day they both find themselves behind bars for their actions ,so that they can for the first time expense what it feels like to have a good hard rodgering!

Bambo last posted 8th Feb

My personal fav post of his was this one ,didn't he personally receive £20k in shares for his marketing work as payment by the company?

RGMInvestors20 Dec '18

Note - Derampers wont be posting much over the xmas period as they don't get paid for it..

Talking honestly I am amazed the SP has stayed up at this level for this long.

Imagining what the next dilutiinary price is likely to be and you begin to realise those proposed 2 billion new shares aren't even gonna touch the side.

Theres a very good reason why these 2 individuals are commonly referred to as the 2 most dangerous people you are ever likely to meet.

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

It took him a long time to work it out but he got there in the end ,he now knows what we all know,

Andrews a complete total and utter Kunt!

Contactually we need to spend $150k of the project this year equalling to 15% dilution in order to honour the contract so both parties loss really.

In Dec when the deal was done RGM would have know the wheels were coming off MET.

Thats 1.65% of the business for £13,500 .

On a slight different note, why did Andrew purchase 10 million shares on the open market between the 15th - 20th Jan (costing £36k now worth £9k ,down 75%) knowing ATT Met was operating at a loss.I am guessing some of the reelection votes had already been posted and counted so he knew the exact amount he needed to buy to sway the votes to his favour.

The funny thing is this company will never produce a metal,never mind one that goes into a battery.

Agreed,but everyone here at one time has been taken in by Bell some have twice .

Paul Johnson was doing Bells job for him by implying his £200k was going to turn into a million pound when in reality it turned into a £180k lose (90%), making him an average RGM investor , just like everyone else ,he fell into the dramesellers web.

PJ ramping in 2017

And all this is why I have invested circa £100,000 by the time my second instalment of the recent placing goes through shortly.

I imagine there will be considerable criticism for this short piece, because it is largely wasteful to write chapter and verse nowadays when few really care about details and inevitably the article brevity leads to even more questions than answers.

There is no love for Regency Mines, and instead pure vitriol and bitterness. Much of this is naturally understandable and some is miscreant generated for economic purposes. These characteristics denote my personal hunting ground at sector lows and are needed to indicate the stocks with the most significant upside potential. Even Kipling was on message again with his poem continuing “and lose, and start at your beginnings, and never breathe a word about your loss”….

As ever time will determine who is right. I expect to make at least a million pounds from my investment. I might not. I might lose it all. But I promise that if a million pound profit emerges I won’t be knocking on the doors of those who attacked me for my investment here today. Much as the basher won’t sympathise with the investors they deter through their vitriolic stock suppression leading to lost opportunity.

Life moves on. And with a million quid, it moves just a little bit smoother…..

Author: Paul Johnson

Bell has been sprouting complete and utter BS about the prosperity and productivity of MET in Nov update ,Jan update the AGM and the resignation interview the day after the AGM.

I am extremely confident he extended his BS-ing assurances to PI in telephone conversation too.

Soon after the new guy had finished addressing the attended newly triumphant and relieved PI's they would have awoken to the harsh realisation of what ignorance is bliss means.I suspect most if not all would have been kept in the dark until that moment , only then was the game up .

Its a clear breach of AIM rules I have a suspicion he's not going to get away with it this time .Think about it Stephen Pearce with his boastful 0.5p average has lost more than £350k and the only reason for that is he believed the words of Andrew Bell.

I would be surprised if this finishes with SP and the other large shareholders just dusting themselves down .

Of course we always knew it was going to go this way , your braggart theory gave me and others absolute crystal ball vision.

Zumore this is what Andrew was stating in an RNS 25th Jan

MET Update

MET continues to conduct high grade coal production at the Omega operations in Virginia, U.S.A. As noted in the announcement of 28 November 2018, one high wall mining machine (#81) moved in November to a new location, Kilgore, and bonding and preparation for operations at the new site finished in time for operations at the new location to start before Christmas. In January the mining operation at Kilgore moved from one daily shift to working two shifts of nine hours. Tonnage and quality had been affected in this initial period by some refurbishment of the high wall miner, the development and preparations works being undertaken and the #81 still using the old cutter head while a new resized one was completed which happened yesterday. The new cutter head was fixed yesterday to the machine and, with third party tons, the operation now targets a sales level of 2,200 to 2,300 tons per day from production and third party sales.

Wage costs have been reduced by a reduction in manpower and in overtime as a result of the new shift pattern, from $200,000 per two weeks to $120,000 per two weeks. The Kilgore location is approximately 25 miles closer to the main customer, enabling significant savings in trucking costs and gross margins. MET has reduced Omega's breakeven production level to about 1,000 tons per working day.

The second high wall mining machine (#77) suspended operations several weeks earlier than scheduled as the Mudlick seam became thin, and is preparing to move to a new site, a move which is expected to be implemented shortly. The coincidence of this event with the scheduled move of machine #81 impacted operations during November and December.

Met costs 2019

Additional working capital of approximately $400,000-500,000 currently exists, and that additional sums may be required over the next six months .

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

Failure to agree and borrow the level of originally expected debt funding for the MET joint venture purchase of Omega caused one of the highwall miners to be shutdown. Immediate funding is required to restart the second highwall miner and to reduce key creditor obligations .

I am assuming the seller hasn't received all of the purchase money yet for some unexplained reason so has taken back one of the highwall miners until such time full payment is made.The exact amount the JV failed to honour the contract by has predictably not been stated ,but it would have to be a minimum of $500k cos if it was anything less than that I am sure we jointly could have found the money to sort it all out

Mambare costs 2019

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.

Vanadium costs 2019

Two holes previously drilled have provided us with adequate core material in good condition to prepare 250 samples for testing over wider intervals and we expect results within several weeks, with subsequent presentation of a paper for publication by our team and their academic partners.
Soil sampling, where matching funds from the territory may be available, will be possible from June 2019, when the ground is free of snow, and any drilling will then follow over the long winter season.Regency will commit to and fund a minimum spend of CAD$150,000 exploration in the 12 months post acquisition .

Admin costs 2019

Approx £600k ( based on an average admin cost over the last 3 years)

loan repayment

$50k per month from May = $350k (7 months)

So excluding the full loan repayment itself which isn't due until 2020 we appear to have a £3M approx black hole .

Which is going to equate roughly to around 6 billions new shares.

Add a share consolidation to the equation post the major diiutionary event and we should be alright to dilute everyone all over again in order to pay off the loan

20 February 2019

The Board of Regency Mines announces that the Company was informed that Paul Johnson and Michelle Johnson as of 19 February 2019 together hold 39,439,854 ordinary shares in the Company, representing a total percentage holding of 4.50%.

Average purchase price 0.5p

cost £200,000

todays value £20k

Total lose his friend Andrew Bell has costed him so far £180k

Thats our lowest sell price ,personally i am amazed this has finished the week below 0.05p.