Member Info for booboobooboo

Certainly a busy day on the billboard. Plenty of fighting spirit on both sides. I particularly like Jeffry's question, "Will this drift to 1p?" To which the answer is, "No, it will plummet to 1p." As to recovery
, well, maybe, in 2019 or 2020.

Thats if we are still around ,we might not get a mining licence remember!

MOD's mcap at the Spring DFS and our share of that mcap is all.

Four months down, four months back up again.

Why would MOD Sp go up post DFS in the Spring ?

It was actually MOD that started the drift downwards caused by the deal being seen as too biased in our favour.

ps

Very positive news ,major shareholders increasing their position while others remain to hold.

We just don't know ,we may even be making profit and they just aren't telling us..

Thank you,can you explain please why neither have mentioned RGM on their twitter blog for some time now .

Great news then ,but what is the break even/critical mass.?

Translating todays RNS i would say that they most certainly aren't making a profit and so therefore must be making a loss with a small seed of hope thrown in with the potential for HW 1 to have a second shift added .

Thats it....!

Knowing these 2 characters that run this company as I do for over 10 years ,they aren't going to spell it out the way it really is to their shareholders, thats just not in their nature ,you have to work it all out for yourself which is quite easy to do once you step away from the woods.

Basically its like the mystery HW all over again ,there was no HW and there never was and it took them about a year to own up to the fact that they had been leading everyone a merry dance by which stage most investors had already lost half their investment believing them, kicking themselves later for not reading the BS sooner.

If you don't have any income stream taking out a loan simple postpones a dilutionary event that will simply take effect when that loan expires.It broadcasts dilution on the horizon and so magnifies the declines even further .

RM has the Mk Cap of a new start up exploration company minnow not a company that first listed 14 years ago ,its embarrassing to witness.

This is starting to feel like last year all over again when we were left in Chinese torture mode over whether the promise of a HW300 arriving was truth of bluff.

Today we are all wondering a different puzzle ,are we in profit or not?

The clock is ticking and the ultimate question has to be was borrowing large amounts of money at high interest rates to make an investment into something you don't fully understand and have no experience in which you otherwise wouldn't be able to afford a good and smart business move.The gamble is simple you hope to turn a net profit to pay back the loan a year later ,but what if everything doesnt go according to plan ?

If something sounds too good to be true its probably because it is.

The previous owners though have done well out of this though ,the have sold up for $3M and i am estimating will be turning over a further $6M renting 2 x HW300's pa.

One is reminded.....Who made the most money in the American gold rush,was it the guys digging the holes or was it the guy who sold them the shovels ?

I am hoping we get some profit clarification as a welcomed Xmas present to shareholders this year.

I fairness the SP pretty much recovered back to where is was at the beginning of the week but its all a far cry from the 5p predictions made 12 months before .

£2.5M in the bank, well they must be doing something right over there.

0.25p to sell today but at 0.2.2p it would represent a mkt cap of exactly what our loan is (inc interest payments)

So its hard to imagine RGM being able to dilute their way out of this should their latest coal venture go the same way most /nearly all of the investments do.

And are we all living in cloud fairy coo coo land believing RGM have the resources to fund a new Mambare program?

If we were trading at a loss we would then need to dilute heavily to pay the loan off and to make up the difference of our losses.

Regency has agreed to borrow gross proceeds of $1,600,000 (net $1,520,000) from institutional investors in order to fund a portion of its obligations under the JV. The loan will carry a 10% interest rate and be for an initial term of six months, and is subject to an implementation fee of $96,000. A further six-month extension available for a 5% fee. If extended, the loan may be converted by the noteholder at a fixed price equal to 130% of the 10 day VWAP prior to the initial repayment date/date of the available six month extension period (the "Fixed Price").Â

If the loan is extended past six months a payment schedule will be applicable and the payments may be paid in either cash or shares at the discretion of the Company. If paid in shares, the payment amount will be convertible at the lower of (i) the Fixed Price, or (ii) a price equal to 90 per cent of the lowest daily VWAP over the five trading days immediately preceding the date of the relevant payment date. The Company has the right to prepay the loan at any time in full for a 3% redemption fee, provided that after the First Repayment Date the Company may only prepay the loan if the stock price is trading below the Fixed Price at the time of prepayment.Â

This loan expires on the 6th of December 2018 ,we do have an option to extend the loan for a further 6 months but its hard to imagine monthly instalments of some kind not kicking in soon ,so its going to be interesting to see where all this money is going to be coming from.

The last time i saw the SP below .3p it very quickly turned into a 20 to 1 share consolidation story catalystcally caused by the need to pay off a large loan .Is history repeating itself again?

If you don't have any income stream taking out a loan simple postpones a dilutionary event that will simply take effect when that loan expires.It broadcasts dilution on the horizon and so magnifies the declines even further .

Bell is either sitting on good "coal profit margin" information and not revealing it to RGM shareholders, which in turn is collapsing this RGM share price, which is absolutely unforgivable; or he is lying about the coal profit margins being very good, which is again unforgivable.

Spot on...

One idea I have had is for MET Coal to bring in an independent auditor to make a financial forecast based to the last 3 months of trading.

I think the latest coal venture will be Andrews very last throw of the dice .

That might be why SK is taking on his first CEO role .

Plus also a very nice £2000 buy under SC belt today.

Scott Kaintz, Chief Executive Officer comments:

"We are pleased to be working with Pared to evaluate an opportunity that offers participation in the development of a natural gas project in the South Texas region of the United States. Pared's skills in identifying overlooked and often neglected reservoirs where modern horizontal drilling and multi-stage completion methods have yet to be deployed, offers the chance to jointly build an exciting new gas project with the potential for scale and delivering attractive investor returns.

"The gas development project we are evaluating alongside Pared would complement our existing Coos Bay CBM assets with both near-term production and multi-TCF gas resource upside.

"We look forward to updating the markets with more information as appropriate."

Very worried about CZN ATM , $350k cost per well ,phase II = 40 wells ,wheres that money going to be coming from?

5 wells drilled by previous bankrupted owner ,5 wells (the same ones ) current on long term testing .

Has anything actually happened since floatation?

They were lucky, you can't always assume you are going to get mining approval .

For example ....we might not get ours.