Member Info for booboobooboo

Taken from RNS 14th Nov

"Representatives of the joint venture including partner representatives are currently on site in Papua New Guinea as part of the planning process for the work programme, a\nd are also looking into the possible economics of a direct shipping ore operation."

Rambo,

All true but also true is the DNI process can't be used at Mambare ,please contact RM to confirm this .

Also read back on previous RNS that stated the company were considering ore shipment?

Why would they want to consider such an option ,please ask yourself that?

Rambo The DNi process can't be used on at Mambare I am afraid to say because PNG doesnt have a treatment plant for processing the Nickel Oxide and the NO can't be shipped cos its a carcinogenic under international law.

One of the ideas floating around was to ship the Mmabare ore to Australia and for the whole process to happen there.

Rambo "Profits on coal don't appear over night but the path way is clear for a successful 2019."

I agree will this and wish this to be the final outcome but surely you can agree that everything is beginning to rest on (now that our loan has expired) our lender not laying down the law/covenant.

( instalments legally do now need to be made with to without coal profits)

Well thats it then , if we don't hear anything by tomo we will have no AR and no AGM this year at a time when RM entire wherefore is in doubt .

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

"Note some of these paid de-rampers wont be posting over XMAS as they will have their time off from their city offices!."

LOL ......

But what are the advantages of delaying the Annual report?

Its getting very close to "make or break time"

I have mixed feelings about RM ATM ,AB promising to release profit forecasts and rumours about a 30 drill hole program is exciting ,but concerningly I am completely baffled as to how RM has been funding itself for the last 6 months my personal view is we have been unofficially using the RRR bank account .

As AB once said to me ,"we are an exploration AIM listed company with only one way of generating capital and when you think about it dilution is actually good for us."

My fear is the profit forecast will be predictions based on 2nd shifts and not actual profit results, but to me training and recruiting of operators and support teams isn't going to happen over night (remember safety is a big issue there ) so I am struggling to understand how the hell we are going to be able to start making payment back to our lender now that the loan £1.5 loan has fully expired.

Everything seems to be resting on AB's personal Christmas present promise to his previously "led up the garden path" shareholders of a published profit forecast before the yet to be announced Dec AGM .

Can he deliver that? Well he is going to have to deliver something thats for sure.

Assuming its completely illegal to publish a false financial report its going to be interesting to see what RM financial position was 30th of June 2018 when it is eventually published knowing that they contributed $400k of their own money into the LH deal only a few weeks before.

With all our ALBA shares now long gone, we appear to be running on thin air.

You know that things aren't going well for the de rampers when old Magic starts posting again for the first time in a year.

From latest RNS

"Regency has received interest from third parties wishing to co-operate on development of the Mambare project and these options will be considered by the JV partners;"

Mercedes man mentions V-Sweeney ie Vince Sweeney who I can confirm is really our MJVP under a Dni contract with the objective being purely to create the impression DNi are still our JVP when in fact they are not VS is .DnI only have a 10% free carriage at least this is what the present CEO and the previous CEO have told me personally.

With Mercedes only mentioning VC ,SK and AB in his CC-ed email i.e. the absence of a 3rd party you could speculate VC is really the 3rd party and we can expect him to be formerly introduced to us when the next RNS is released,when in reality he has been our JVP for the last 2 1/2 years

You are the chosen one!

No it looks like its only you mercedes

Get a grip Luke .

Does this mean our coal asset has been making so much profit we can now afford a 30 hole drilling program?

If true,it does fit cos now would be the exact time to plan an exploration program, before the spring dry/drilling season.

Forward the email to me then doctorboobooboo@gmail.com

In fairness we haven't had a placing for what feels like over a year which is the longest period i can ever remember .

Personally I think they have been borrowing money from RRR accounts .

Another way to look at it is ,we are only one RNS away from a profit announcement t(Nov) ,then of course all bets are off.

December's going to be flat so it all rests on November coal figures before IMO a January loan repayment plan starts.

Surely it would be more profitable to short a company larger than RM it doesnt get much smaller than us ?

Bambo,

I think the Nov results are going to be critical in demonstrating turning the ship around will further necessary month on month production grow figures.