Member Info for booboobooboo

"Just back from a 6 day Champneys bootcamp. Great detox, did a lot of HIIT, and 15.6 lbs lighter (instructor hadn't seen that much shed in a bootcamp before). Highly recommended!"

I thought it was only his investors that lost pounds.

11 January 2018

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Regency Mines Plc (LON: RGM) is pleased to announce a business update, strategic financing and confirmation of director participation.

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Highlights:

·    Regency to rebrand its nickel/cobalt and related assets as a battery metals function in recognition of the Company's position in these mineral resources to be used in EV batteries and related energy technologies;

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·    Operations at Mambare, the Company's major nickel/cobalt project, to be accelerated;

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·   Advanced due diligence and discussions underway to expand the Company's coal footprint within its hydrocarbon energy function;

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·   Strategic financing undertaken at 0.55p, the current market bid price, to raise £1,050,000 through the issue of 190,909,090 new ordinary shares of 0.01 pence each ("Shares")

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·   Uses of funds to include repayment in full of convertible loan at cost of c£630,000 leaving Regency balance sheet free of debt;

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·    Directors Andrew Bell and Scott Kaintz to invest an aggregate £100,000 cash in the strategic financing to acquire 18,181,818 Shares;

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·    Each Share issued in the financing comes with a warrant to subscribe for a further share at 1.0p, with the Company able to accelerate warrant conversion in the event that the volume weighted average price of Shares equals or exceeds 3.5p for ten consecutive business days;

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Andrew Bell, Chairman, comments: "Regency Mines faces a significant opportunity in the fast-evolving battery metals sector. We intend to focus on the nickel/cobalt sector, while still proactively developing our hydrocarbon and coal interests with a view to achieving early cash flow. We believe we can find value creation opportunities for shareholders as EV battery and power storage demand see advances in battery technology and this leads to changes in the pattern of demand for key metals.

The new capital raised in this funding will enable the Company to repay in its entirety the convertible loan from YA II PN Ltd announced on 5 April 2017. This will make Regency debt-free for the first time since 2011. We thank YA for making the facility available as part of a rollover of obligations in 2017, and for their support and co-operation throughout.

Regency's stronger capital base will we believe enable it to exploit more effectively the expected improvement in nickel and cobalt demand, both from the battery and the stainless steel sector, after a near nine year bear market in nickel. A weak but consistent uptrend in nickel prices has been underway since late 2015, that we expect to continue. Â

Regency is looking to strengthen its strategic capabilities in early 2018 with a non-executive appointment to the board, and further announcements will be made as soon as possible."

LOL

Hi Zumore, yes Scott and him have done alright out of it all so far and there will be plenty more to come cos they haven't by a long way finished milking the investor cow yet .One born every minutes they say ,some of which should know better.

The higher grades on laterites are always found on the top of the plateau ,so where did RGM start their first drilling campaign A) on top of the plateau or B) at the bottom where the lowest grades can be found at a result of millions of year of rainfall washing it all away as any school boy geologist will tell you.

Thats right the answer is B) they started the Mambare drilling campaign at the bottom slopes of Mambare cos they didn't know what they were doing .

The 2nd drilling campaign then needed to infill the 1st campaigns location mistake in order to gain a resource ,did they A) use a local PNG work force to hand turn the augers into the soft clay to 15M or B) use a team of Filipinos that require difficult to source work visas so you apply for tourist visas instead

Thats right the answer is B) and the team got held up for over a month by customs during the short dry drilling season

You could argue that the drilling equipment left at base camp at Mambare has some value but even that will have been stolen by the locals who will need to be bribed in order to see it returned .

Doing very nicely over the last 10 days.

We started drilling with 4 rigs on the 15th May, 10 weeks ago at this rate those 60 holes could take them a very long time to complete.

A third drill rig has commenced drilling at A4 Dome with three holes now in progress (MO-A4-002D, MO-A4-003D, MO-A4-004D).

May be a long walk might clear his head..

Any Mambare work has to take place in the dry season which has now left us ,so its impossible for an activey there until next year which is of course going to need planning meaning any Mambare talk is total hot air and suggests this idea is being spun cos an imminiate coal deal is along way off.

If true I am very concerned for RGM going forward.

For those who don't want to watch the video in my last post. Andrew Bell said in that video if using former partners "direct nickel" nickel process then Mambare could probably be brought into production for around $450 million; if they used another nickel process then bringing Mambare into production could cost "$2 billion + huge cost overruns".

$450M plus a further $2B for the treatment plant,but of course the combined brain strength of Scott and Andrew meant at the time they didn't realise it was illegal under international law to transport Nickel Oxide but that didn't stop them from giving away 50% of one of the Worlds largest laterite deposits,who then went one to give it away to 4 of its previously made redundant employees.

Did Cupric come across this ?

NO

So it could become a T3 feeder thanks ,if MOD repeated the T3 deal on A4 we could end up with even more MOD shares and options and if they repeated it again after that we could find ourselves with just less than 25% of MOD plus options.

Virtualy next door.

"the close ness of A4 to T3 pit (6 km)"

I thought it was around 20km

Well done Andrew for not selling our ALBA shares,if indeed you did.

Doing very nicely again today.

NOTED.I listen to the whole video particularly the last 5 min ,very good advise given.

Wise words by PJ IMO.

Yes its all very sad indeed .The big difference with Gary was he lost the plot and started making information up then he went around emailing all AB's shareholders all his lies.At the time to begin with as an investor it was confusing cos you never knew which one was BS ing you but over time it was obvious Gary was full of malice .Bell needed to deal with it and eventually took my advice of taking him to court the guy had gone completely mad!

Final note : Ken Watson was pulling Gary's strings ,he was the organ grinder and Gary was the monkey .

Zumore ,lets all just hope Gary was able to pick himself up ,put everything behind him and start again,unlikely but as natural optimists we can easily imagine this .