Member Info for booboobooboo

No one has actually made an offer as yet , so we don't all need to get our knickers in a twist about it being too low.

All i am saying is MRT will no longer be MRT.

Sounds like he might be working for the "A" Team.

Have you got any ideas what the new figures will be now that the 60Mt has been announced plus we have T1,T3 underground projections on top ,I don't think 4 rigs have been sat on theses for 6 months drilling for nothing ,these could easily t add a further 10Mt each to our total?

We still have the underground stuff to add to the total T1 and T3 underground ,this could easily finish at 80MT.

Zumore, funny enough I was thinking of doing exactly the same thing ,of course this might be Andrew Bells trick to stop us both from posting the true about them if the big big news never actually comes and with this crowd thats a real possibility .

LOL

Anyway, yes like you I am also really ,really concerned about RGM ATM ,if he doesnt get this news out quick he might have to do a confetti moment before the big, big news comes out cos to me it seriously looks like they haven't got any money left to even so much as keep the lights on.

I also have a feeling that when this big big news does eventually get released we are going to get a new band of disgruntled individuals that learn some important lessons about life the very hard way.

The reason why the JV partner swop was excepted by RGM was because at the time the 4 individuals where prepared to pay DNi Ltd costs for Mambare of $75k which saved RGM some much needed money ,At the time RGM still had huge debts, the SP was at an all time low and the Market cap was less than £1M .

Its a simple weak hand /strong hand situation ,RGM have a much stronger hand today but its too late they have already given half of Mambare away for almost nothing to partners with very shallow pockets, a bit like us but worse ,so the last thing RGM are going to want to do it to broadcast the fact.

All very deceitful imo.

Surely the igniter will be the coal deal to be imminently announced?

Exactly ,so it needs to be a good one and not a hot air story like last time and also very soon cos we are going to need to raise money on the back of it seeing as we don't have anything left in the tank.

So based on your last post MrMagic you must be saying RRR still hold those MTR shares? If you don't mind i wouldn't mind you answering that question MrMagic?

Excellent point Zumore , lets not also forget its been 2 years since our flagship asset Mambare changed JV partners to 4 regular individuals and he has RNS that either.

Well that another salary for Lifestyle "right man " Scott on top of his White Care directorship salary too, all going straight into his pocket while working and representing RGM.

Where would we be without greed,where would we be?

You're just insulting everyones intelligence now.

Since we are not drilling the rainy season won't have any impact whatsoever on our efforts to commercialise Mambare.

Sounds like you might be getting 30 years ahead of yourself ,Mambare is at least 2 to 3 mining cycles away from that scenario .

Helpfully.....

Boo.

123 its the rainy season now,nothing is going to be happening there, if at all until next year, 2019.

If this deal when it comes is good I am guessing they will raise money into it and thats what RGM are hoping for but if it isn't well received or there is a small rise before a sell off as investor see a placing coming RGM much needed fund raising is going to be even more dilutive .

If they have sold some CZN shares then they have sold at a loss making this new coal deal even more costly when /if it comes.I wouldn't be surprised if a RRR bridging loan played a part.

Hi Zumore ,a $1.6M loan will over 12 months cost $416k so thats a 26% interest rate .Remember RGM put in the remaining $500k approx short fall to get the JV contribution up to $2m.So we can be very ,very certain theres nothing left in the kitty ,personally i wouldn't be surprised if unofficially RGM have had bridging loaned to them some money from RRR to help keep the lights on while Bell primes the rumour factory to get the sp up a bit before the big ,big placing comes along.

The rainy season is about to start in PNG so we know he can't try and spin that one.

If this coal deal when it comes isn't as palatable as suggested behind the scenes then there are going to be a lot of people learning the hard way ..............be careful who you trust .....

I the words of Andrew Bell "Dilution is good for us"

isn't this expected this week?

Are we going to get consolidated at 10 to 1 i.e. we would need the sp to open at 12.5p to breakeven ,based on a 1.25p last close?

As Bell once said to me ,dilution is good for us,from his kids perspective I can see his point but from a shareholder perspective I am struggling .

Well some nutters still buying them ,with $1M of new debt now needing to be serviced ,no money of their own and only really one way of raising funds its hard to imagine this playing out any other way other than another placing. Dilution is imminent .

On Twitter Andrew Neal this time replying to Stephen. Haven't laughed this much in ages at posts on that useless LSE BB for #RGM as 4 resident sledgers / trolls who are basically as thick as a 'wasp sack' but the ones who finally get to take the honey home will be the very patient LTH's. For the record I don't hate Stephen or AB for that matter I have no reason to , not that keen on SK though but thats only because he faced up to me at an AGM .Thats the Scott way if a shareholder question is too difficult to answer just beat them up.