Member Info for booboobooboo

https://www.metaltigerplc.com/kalahari-metals-limited-airborne-geophysics-interpretation-drill-permission-update

All working nicely now ,interesting images.

https://www.metaltigerplc.com/kalahari-metals-limited-airborne-geophysics-interpretation-drill-permission-update

Cant get the link to work .

My thoughts are if that scenario did happen and it could when MOD list on the LSE next month,then so be it ....

MOD are also legally bound to pay in warrants/shares for T1/T3 underground when the FS/SS are complete (which I think are due), at the same rate/valuation paid for our 30% of T3 resource, only in this scenario at the new much lower SP.

Doesn't todays announcement get us one step closer to 12.5% of MOD?

They aren't drilling 50 plus holes all into A4 out of a 60 hole drilling program and there not be a JORC resource at the end of it ,which in my opinion will get added to the DFS.

60 + 10? + 10? + 30? = 110 min IMO

He noted Lake Trist, which the firm had previously applied for, may have potential for direct shipping ore (DSO).

“Regency has also been actively engaging potential partners in relation to its 162Mt Resource at Mambare and other nickel interests, and the Lake Trist opportunity would potentially add to the attraction of Regency’s nickel interests,” he said.

Whatever happened to Lake Trist and its DSO potential?

"DNP will be working towards a stock market listing within the next two years."

Whats interesting is that the new DNi CEO is planning an AIM listing of DNiP within 2 years .

DNiP is the part of DNi that holds 50% Mambare ,could RGM be hoping to add their 50% to that IPO?

Hi Colin,

that was said in an interview environment and as we all know by now if its not in a RNS take it as a pinch of salt.

I suspect the pendilium of power has swung back into DNi's favour i.e. they are the big fish and we the small and Andrew has recognised this change in status and is acting according .Basically we need them more than they need us and with a possible London list once one or two more deals (bigger) are behind them Andrew could find himself in a liquidity situation and i think we all know how much he like it when that happens.

Whats interesting is how an Australia battery division company is choosing to grow and make profits to its shareholders and how differently we are being lead i.e. our White Car investment.

James Proudlock said: "I look forward to finalising the first licenses and other agreements to leverage this unique technology and to securing the funding to take the company forward."

DNP will be working towards a stock market listing within the next two years.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/other/13752251.html

What I find slight puzzling is why this news appears in LSE ,unless there is something going on in the background/pipeline.

All very positive for RGM ,remember our DNi holding had been more or less written off .

The next step for QPM will be to conduct an extensive laboratory program to replicate all process steps in the DNi ProcessTM and this will be a followed by a continuous pilot plant program utilising the existing pilot plant located at CSIRO Minerals in Waterford, Western Australia.

https://hotcopper.com.au/threads/ann-leach-tests-confirm-dni-process.4500799/

Are things starting to look up for RGM.....could be.

The contracts pave the way for Queensland Pacific to source 600,000 tonnes per annum of nickel and cobalt ore from the New Caledonian companies’ operations.

To process the ore, Queensland Pacific plans to build a 600,000tpa process plant in Townsville, which it expects will generate 25,000tpa nickel sulphate and 3,000tpa of cobalt sulphate.

Townsville has a “long history” of processing New Caledonian ore and hosts all the necessary infrastructure, as well as skilled labour and engineering support.

PM1's battery metal division moving fast in the right direction .

Avoiding the MHP transportation issues at the same time.

Nice.

Black Cat
778 Posts.
145
22/10/18 17:29 Post #: 36214297
I was the founder of Regency Mines plc and the vendor of the Mambare lateritic nickel project in PNG. Then along came DNi . Now as a shareholder of PM1 the merry go round starts again Smile

https://hotcopper.com.au/threads/ann-qpm-has-entered-into-a-framework-agreement-with-direct-nicke.4499405/page-12?get_post=true&direction=previous

I have never understood how 40M shares can be non dilutive ,i can understand how say 10% can be though.Can anyone explain?

Good Morning Zu

The company must know what their projected annual running costs are i.e. salaries ,hirer costs,fuels costs etc. .

And they must know what their power station contracted price per ton of coal is .

Simply times given coal production figures by the contract sell price and then deduct that number from the hire costs,salary costs ,5% local royalty tax costs etc.

Why can't they do that?

Why would you have 2 x single shifts covering 2 x HW300 M/C's when you can so obviously have both shifts working on 1 ,unless of course there is an un-given reason for this non productive working method.

Also why has Andrew in the latest interview trying to make out changing M/C parts before they breakdown/wear out is a new idea ,this is common mine industry practise.

And if there are truly 70 employees but only 2 x single 5 men HW300 shifts what are the remaining 60 staff doing?

Why if you were taking shareholder on a visit to the new mining site to demonstrate its close location to a coal using power station did you not show them the excavated ready and prepared seam faces.Site preparation work if it wasn't done by the previous owner will take additional man power and M/C hire and if the previous owner as Andrew stated were cost cutting on maintenance it is hard to imagine preparation work was carried out.

With the absence of any profit forecasts you can't help but return back to the ultimate question when and how big is the next fund raising going to be ?

Andrew Bell, Regency Chairman, comments: "MET faced some maintenance and availability problems in September, and third party sales still require to be built up to the planned levels. However these issues have been promptly addressed and despite a planned 12 day downtime for one of the two high wall miners as it is moved to a new location, we expect October and November sales to revert to planned levels. Revenues per ton sold are improving and we expect this trend to continue.

At the new location, we have the option to introduce a second shift as demand builds. The new location also offers reduced haulage costs to its key customers.

Judging by a Twitter photo of the new (flat/wilderness) site last week it didn't look very prepared to me ,doesnt the ground need to be carved out into a valley shape before highwalling can begin.

Also its hard to imagine a single shift team being economically viable given the fixed hire cost of each HW300 suggesting this entire venture rests on further demand coming from our main customer so that a 2nd shift can be implemented .It all suggests as a new site is developed so an old site ends and with it closing down safety costs ,remember behind them they leave 1000's of 100M + long exposed mining shafts .

I am starting to realise why A) profit forecasts has not been forth coming and B) why the previous owners sold up and got the **** out.

You really are a prat ,why shouldn't someone be interested in production costs instead of leaving it to BHP who aren't even shareholders?

At the new location, we have the option to introduce a second shift as demand builds. The new location also offers reduced haulage costs to its key customers.

In other words theres only 1 shift ,cos there isn't enough demand ATM.

SEPT

MET expects to sell 59,250 tons of coal for a total revenue of $2,695,440 in September 2018. This sales level reflects that being achieved on a daily basis in the latter part of August 2018. For the ten month period to June 2019 MET expects to sell 692,196 tons of coal for total revenues of $30,468,239.

OCT

MET sold 44,020 tons of coal in September and achieved total revenues of $1,959,036, against levels forecast on August 2018 of 59,250 tons of coal for a total revenue of $2,695,440. This forecast had reflected the level being achieved on a daily basis in the latter part of August 2018. For the ten month period to June 2019 MET retains its expectation of 692,196 tons of coal sales for total revenues of $30,468,239.

Good morning Zu,

Of course some of those "know it alls" will now be down in RGM over 50%.

Thats just the start ,post the last consolidation most finished 99.8% down

.£10,000 down to £20

Here a link from know it all Paul Johnson written in 2016.

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

Joe is absolutely right ,make no assumptions no matter how compeling the case is.

Sorry everyone if that sounds like i am pointing out the obvious and boring everyone in the process.