Member Info for booboobooboo

If something sounds too good to be true its probably because Andrew Bell and Scott Kaintz are the ones tell you the story. You can not buy a coal mine for $1.6M , you can however convert $1.6M in 6 months time into hundreds of millions of discounted shares and there is a real possibility the 2 most dangerous individuals you are ever likely to meet are going to do exactly that and they will do it without a care in the world, cos thats their personality . We are contractually required to spend a fixed amount on Mambare this year which we don't appear to be able to meet and thats of great concern to me ATM along with the reality we don't have any money left in the bank and RGM only really have one source of income . As always you just can't make this company up.

90% not 130% thats why its going to turn into a death spiral that we have all witnessed here multiple times before. Legacy Hill don't appear to be putting any of their own money into this either.I my opinion this is a simple " money for the boys exercise", any profits made (should there be any) will be lost on MET director salaries /bonuses and management fee . I think we can all guess who 2 of the new MET "fat cat" directors are going to be. If the loan is extended past six months a payment schedule will be applicable and the payments may be paid in either cash or shares at the discretion of the Company. If paid in shares, the payment amount will be convertible at the lower of (i) the Fixed Price, or (ii) a price equal to 90 per cent of the lowest daily VWAP over the five trading days immediately preceding the date of the relevant payment date. The Company has the right to prepay the loan at any time in full for a 3% redemption fee, provided that after the First Repayment Date the Company may only prepay the loan if the stock price is trading below the Fixed Price at the time of prepayment.

Stephen , anyone who thinks $1.6M is going to buy them an immediate high grade coal mine is living in cloud fairy coo coo land.

Interesting mention about the 0.5% copper grades at 500M PI may have overlooked .

http://www.proactiveinvestors.co.uk/companies/stocktube/9466/metal-tiger-looks-to-acquire-up-to-50-of-botswanan-focused-kalahari-metals?cn=ZmxleGlibGVfcmVjc18y

Terry Grammar will also remember his Nova Fraser Range discovery that helped real estate following the trend/corridor and surrounding the discovery go up 5 - 10 fold. What is $1.6m today, will cost the equivalent of our todays mk cap in a few months time when more copper is found .

Stephen RGM don't have a single penny left in the bank,doesnt that concern you ?

Schachmeister, you are starting to see the light,don't listen to Stephen he will say anything cos he's got RGM shares coming out of his ears .Like everyone he got taken in by Bell but on a much bigger scale ,throwing good money after bad.

Schachmeister, you are starting to see the light,don't listen to Stephen he will say anything cos he's got RGM shares coming out of his ears .Like everyone he got taken in by Bell but on a much bigger scale ,throwing good money after bad.

Schachmeister,sounds like you are starting to see things the way it is. The awakening to realisation .. They are a couple of lying cheats.

Starting to look like Mambare work in 2018 was a load of hot air after all,mind you we already knew that.

Colin, not if you are trying to lose all the money it isn't.

Yesterdays �100k buy now appears to be cancelled? Only the �50k sell remains.

Zumore , so we are now looking at a �4M mk cap with a �1.25M loan (12 months) and no money what so ever in the bank.

LOL....

This is a clear breakout, at last....

Also in the same interview Bell talks about RGMs A$6 million investment in Direct nickel. That was a disastrous investment by Andrew Bell because that A$6 million investment is now near worthless. Actually they are truly worthless, 147 x Dni shares x 0.00001 cents = 0.00147 cents = less than 1/2 pence. Nice one Andrew.

Personally I am not that interested in the exact finances of the company so long as I have a rough idea .i.e �4M in MOD �2M in THR and CON and �6M in cash.That makes me about �3M short but unless someone produces a better breakdown I am still happy with that cos all i really care about is when significant Bot discoveries are announced the SP rise that will follow doesnt get diluted into and I can see that that won't be happening .

But haven't we sold our KCN share since December ?That was about �4M

Just finished doing some calc's and I can safely say RGM batteries need recharging as they are running dangerously close to 0%.