Member Info for booboobooboo

Its only 25% if they get taken over otherwise its 12.5% ,but i see your point ,crazy cheap ATM.

Lets not forget, MOD can not assume a mining permit at the end of all this.

NO WONDER WE R TANKING!!

Joe, we must NOT forget MOD can't assume a mining permit,theres a big a real risk this might end up going no where.

They must be a treatment plant on the Indonesian island of Sulawesi if thats the case.

https://www.proactiveinvestors.co.uk/companies/stocktube/11224/regency-mines-andrew-bell-relieved-as-mambare-project-now-in-position-to-advance-11224.html

An almost honest interview and Andrew best to date.

He couldn't quite tell shareholders listening who our new JV partner is other than we now know its not DNi but confusingly as always the RNS refers to our JV partners as DNiP.

i suspect it could be Vince Sweeney .

Also he couldn't quite bring himself to revealing exactly why he's considering ore shipment ,but I would like to think we all now know the precise reason why that is being considered .The comedy is if it wasn't for me pointing out the processing carcinogenic MHP issues RGM wouldn't even know about it, so this major change in strategy is entirely down to my due diligence and research ,DD and research that was lacking 8 years ago when Andrew and Scott gave up 50% of our flagship asset for effectively nothing.

What todays RNS also confirms for the first time is ,there have been difficulties with the Mambare permit which has now been resolved,something i pointed out a while ago .

We have been running on an unofficial JV partnership for some time which didn't fit with the original JV contract which again has now been resolved ,something else i have also been trying to bring to shareholders attention .

Third parties interests ,well i think we have all heard that one before but this time could Scott find a way of accommodating them into his new potential best shell on AIM CZN ?

Good news today for RGM, nice to hear thats all been cleared up ,inactivity there over the last 3 x renewal permits have been causing a number of issues locally .We have cleverly strung it along for as long as we can to save money waiting for Nickel prices to rise but a new program has in fairness been long overdue.

If we can put some of our coal profits towards this that would be great but obviously if we can't cos we haven't made any we are going to be looking at even further dilution.

If we don't deliver on our Mambare program we will of course have it taken away this time for good so everything is resting on our coal asset coming good.

Some reassurances in that part of RGM business would be welcomed.

Having said that lets imagine the final profit for the year finishes at $1M for the sake of argument ,meaning the previous owner would if they had not sold the business of made a $7M profit .

So if that were the case the question is why would you then sell the whole business for only $3M ,this to me doesnt make any sense .

Will a $24M turnover for 12 months result in RGM shareholders seeing any profit?

$1.2M county royalty

$6M rental ?

$3.8M 70 staff ?

$2M energy ?

$?M royalty to land owner

$14m total

So we could be pleasantly surprised and see a $10M profit at the end of the year.

But our projected turnover is $2M a month ,Omega were doing nearly $3M ,why the 50% drop in productivity ?

Morning Zumore

Can you remember wha the previous owners turnover was?

WC rent their cars for £149 a day equating to £50k pa.

To the best of my knowledge Teslas cost to buy £100k taking 2 years of full time rental to get your money back.

Based on that equation would it be fair to say 2 x $6M highwallers would cost to rent out $6 pa + costs?

Good point Joe White Car is even more logical .

https://www.crowdcube.com/companies/white-car/pitches/bPWdJZ#providers

Present MK Cap £6.5M .

We also now welcome Joseph Jayraj to the EsTeq board. His experience in negotiation, deal execution, exit realisation, and company flotation, combined with his knowledge of global investment opportunities within the enviro-resources sector, extending to green infrastructure and renewable energy projects, has given him a set of skills that directly complement and extend Regency's own as we enter a new age of the battery and storage revolution."

Â

Mark Strachan, Whitecar founder and CEO, comments: "The new shareholders we expect to gain through Crowdcube will be excellent Whitecar ambassadors whilst Regency Mines and EsTeq offer us experience of the UK public markets and significant management expertise. We welcome EsTeq as an investor and Scott Kaintz to our board as our business enters a high growth stage."

White Car has an exit strategy of 2022 and doesnt expect to need to raise funds again between now and then so you could argue that thats 4 years away and quite a lot of effort for a tiny 4.9% holding (5.8% minus 15% dilution ),this investment is only worth around £325k .

I might be wrong but it looks like RGM Wc investment is now worth 20% less than their original entry price.

Not surprisingly Scotts name doesnt feature on any CZN director shareholding list ,that will have to change .He won't get away with not having any of his own dough in the game or is he going in under a RGM umbrella?

If thats the case then this is in effect a backdoor takeover by RGM ,STOP the clock .....the Mambare /DNi shell has now been sourced.

Presumable Yorkville are on board ,combined with RGM's holding they hold 50% of CZN and so they can do as they like which is probably how Scott got his appointment of CEO in the first place.

Meanwhile Andrew has been getting the DNi team onboard ,no need for him to fly to Oz either to conduct his wheeler dealing, as all but one of the board of directors live in the UK.(The only Oz remaining member being our unofficial Mambare JV partner who background is in City(Sydney) finance )

All speculation of course .

Has he ever create value for shareholders?

No, not that I can recall.

As Non Ex at White Car,finance Director at RRR and RGM and now CEO of Curzon there is an argument he should step-down to focus all his attentions on CZN .

You could also argue that thanks to RGM/RRR shareholders AB and SK have engineered additional fat cat ,lifestyle salaries for themselves.

Whats actually happening with CZN have they produced any oil/gas yet?

Curzon RNS

On 31 July 2018, 4,425,616 New Ordinary Shares were issued at a price of £0.08 per share to Mr Barry Liben in satisfaction of the aggregate debt of £354,049.24 owed to him pursuant to a promissory note entered into with the Company on 29 December 2016, that is referred to in note 5 as Cuart Investments and also set out to in note 7.

Was Barry the big beginning of August seller after all and not RGM?

Scott Kaintz, incoming Chief Executive Officer, comments:

"I look forward to the opportunity to step into this exciting and challenging role and to work with the revised board to create value for our shareholders.

As part of our ongoing development plans, our primary objective is to re-evaluate and streamline Curzon's cost structure to enable the majority of funds to go into the ground.

We believe that the US natural gas space remains an attractive opportunity for UK investors, and we intend to drive Curzon further towards becoming a producing entity in the near term. This may include further development of the Coos Bay CBM asset, as well as evaluating additional, potential projects.

Following this restructuring, we expect to see an increased pace of activity and operations and we look forward to keeping the market updated on the Company's developments."

Is this a...... if it comes off good but ,if it doesnt no problem Scott can shell Mambare/DNI into this new SK controlled vehicle ?

Non Executive to CEO...... beam be up Scooty....

Why wouldn't RGM still hold their original holding in CZN?

"most have got themselves lumbered into RGM because of PJ.. "

Thats my observation also.

LOL

https://www.share-talk.com/regency-mines-plc-a-tale-of-the-unexpected/

You might want to dust yourself down Paul and send us all an apology.

It had nothing to do with the markets at the time cos you made most of your money then ,it had however everything to do with being mushroomed after mushroomed ,as you must now know.

Trouble is ,you forgot to tell Harry and the rest of the crew your realisationing .

Only 3 weeks to go ............GL everyone ..