Member Info for booboobooboo

Yes Colin exactly.cos whoever these individual former employees are they have been bankrolling DNi Projects Mambare costs which I estimate over the last 7 years must have costed them the best part of £250k ,meaning I can't see them giving it all up that easily, they will also realise the nickel cycle/ battery metal implications .

I can't see Mambare coming home and being floated off into ESTEQ Ltd on AIM without having DNi Projects and its bankroller/s on board in the words.

So Bell saying he has served notice is a red herring.IMO

DNi's new main man is Chris Gower who just happens to be based in the UK who I estimate has invested around £2.5m into DNi so far might see this as an opportunity to claw back some of the money he has ploughed into this venture .He is probably sick to death with DNi by now seeing as he was only suppose to be a backseat investor.

Whether they need DNi Project's shareholders to agree on this I don't know but I doubt that will deter them seeing as the last DNi vote got voted down so I am guessing that the 4 parties combined voting power is enough to cease a majority .The 4th party being recent/new Dni investors introduced by CG .One way or another CG has the ability to pull some Dni project shareholders strings cos the last vote getting voted down was like turkeys voting for xmas.

Thats why its going to be so interesting to find out how this finally plays out cos the last time I spoke to CG he expressed his long term objective of listing DNi on the AIM and that was a few years ago so one can't help but speculate the whole of DNi and Mambare moving into ESTEQ Ltd followed by a listing .

The latest RGM interview touched on us giving DNi notice over Mambare meaning it could / might be possible for us to have our 100% Mambare holding returned to its new home ESTEQ ltd ,provided his statement was true.

When the new management took over and saved DNi quite a few years back they didn't give much value or interest to their Mambare asset and so unofficially accepted an offer from a former director/employee to pay Mambares overhead costs on Dni's behalf.

What may have changed here is that Mambare may have more value to DNi today than it did 7 years ago. and officially the 50% holding is still all owned by DNi Projects which at present the new management don't have a majority over .

RGM could argue a case for having the asset returned to them due to inactivity ,I can clarify that there has been a lot of noise in PNG by the locals who havent had any payouts for over 7 years and are becoming increasingly impatient .To the best of my knowledge personal visits/communications have been made in an attempt to calm things down with the tribal leaders and luckily for us observers may recall our own leaders is an honoury member .

Its hard to know exactly what is happening behind the scenes and it is even harder to second guess the motives of certain individuals as to who they choose to go into bed with ,against what would appear to be in their own interests .All very perplexing and unnecessary given that RGM appear to have a legitimate case which suggests perhaps then we don't ?Or is RGM sleeping around because of the hold this former director/funder has over the whole (DNi/Mambare) equation ,who knows but one thing is for sure they make one hell of an interesting threesome.

The question is why has Andrew allowed himself to become such a easy lay and in the process shoot himself in the foot ,when all he really had to do was serve notice?

New BST division to house existing Mambare Nickel/Cobalt project

•          BST division will also hold Regency's interest in the Direct Nickel ("DNi") production technology;Â

•          Formation of a new company ESTEQ Limited to act as the vehicle for development of opportunities in the battery and storage technology sector.

EsTeq Limited Operations Update

Â

18 May 2018

Â

Further to the announcements of 14 November 2017 and 22 December 2017, Regency Mines Plc, the natural resource exploration and development company with interests in hydrocarbons and battery metals, announces an update on its 100% owned subsidiary, EsTeq Limited.

EsTeq was formed in 2017 as an initially wholly owned subsidiary to consolidate some of Regency's interests in, and pursue opportunities in, the battery storage, battery metals, and energy storage technology space.Â

EsTeq undertook its first investment, as announced on 22 December 2017, with an initial investment of £200,000 and a scheduled follow-on investment of £200,000 in February 2018 in Whitecar Ltd ("Whitecar"), a company currently operating white Tesla rental car services at UK and European locations. This investment gave it a fully diluted holding of 5.8% of Whitecar.

EsTeq has also committed £50,000 to date, of which £15,000 has been spent, on developing a new project in energy storage and trading and grid backup, under the name Allied Energy Services Ltd ("Allied").

The 3 Stooges have excelled themselves in the art of Stupidly.

I think you may have meant "stupidity"

I have over the last week become increasingly worried about this investment and its lack of accountability .How do we know they aren't trading at a loss ? Where is the liquidity for us remember we don't have any money ourselves atm .

What sort of battery metal knowledge have we gained to justify making this investment?

You could argue that this is our worst investment to date cos at least with ALBA and CZN we have been able to sell them at a 25-50% loss where as our WC money appears to have been completely flushed down the toilet.

Good Morning Schach , from memory we received ALBA shares at around 0.4p and it is strongly suspected but never disclosed by the company that the reason for its sp falling down to 0.3p was cos Bell was selling them down to that level.

So to answer your question ALBA has proved to by a similar investment disaster story as CZN .

I understood that one, so thank you .

I just don't understand what the point you are trying to make.

May be all the problem stems from an irritation from bonker i.e. some history there I am not aware of and if so I can comply understand it cos he annoys me too by over ramping.

Personally he don't really bother me cos i have never understood anything he posts .

Take over offer examples are all dependant on a fair value SP of that company at that time.

What do we as investors really think about our CZN investment so far,has it lived up the expectation/value for money?

Have we as investors benefited from our managements better understanding of the over all nickel story since making our White Car investment ?

It is probably about time to start the Battery Metal Division debate.

What do we think about the realisation of White Cars and Mambare (100%) getting listed on AIM sometime soon, how pattletable is the this idea of putting both WC and Mam under the same umbrella?

A total of 123,216,595 Placing Shares are expected to be admitted to trading on or around 13 August 2018.

Following the issue of the Placing Shares, the number of ordinary shares in issue in the Company will increase to 1,254,173,209

plus 41,000,000 = 1,295,000,000 approx

100m plus 41m = 141m

10.8%

potentially a further £1.4 i.e. 50m shares

approx 1,300,000,000

9.2%

Rollinhand thats correct 11.25%.

Joe I am going to be honest, I have never understood a single post you have ever made.

I am not sure ever what your point is or wherefore.

The last issuing of shares was 29th Jan for £100k at 0.55p ,another raising here is long overdue.

Do turkeys dont vote for Xmas without getting something in return ?

The next update is going to be a placing/fund raising cos unless you haven't noticed ,we aint got no money!

Although we are still above Stephen Pearce's average ,a £0.0045 close isn't exactly where those RGM warriors imagined the SP to be a few weeks ago .We waited for a high waller for over a year and then after18 months of waiting we ended up with 2 of them ,yet still we have reached new lows.

One is left wondering what will happen if they can't turn that coal mine around in time and RGM shareholders are left to make up the difference .On a positive note : could good old Mambare come along and save the day for "Softballer Bell" ? Have our unofficial JV partners got a lot more money and expertise then originally imagined ?Is the "dealmaker" about to pull off a monster deal?

Or to put it another way ,Is football coming home?

Could be.....

Cupric Canyon to start construction of Botswana copper mine in October

https://www.reuters.com/article/botswana-mining-copper/cupric-canyon-to-start-construction-of-botswana-copper-mine-in-october-idUSL5N1T954R

Permitting doesnt appear to be an issue for our neighbouring peer.