Member Info for booboobooboo

Take from the latest RGM presentation 50:50 Joint Venture between RGM and Direct Nickel Ltd (Additional 1.36% indirect stake through DNI) As we all now know DNi Ltd no longer exists and are no longer our JV partners but it now turns out our 1.36% holding is soon going to become part of the dream seller fantasy world too. Closer to 0.0001%

We all want the same thing and can all see give or take a million we should really be above 4p ATM with a very good chance of finding a few more T3's taking us well over 10p when it happens.

"When you are asking for donations for write ups online, you should strive to have the most accurate numbers possible." Couldn't agree more.

The delay in permitting has indeed helped our geological case ,had we have drilled when we wanted and expected to we wouldn't have had the cross through geophysics interpretations .

We absolutely have to spend around $1M this year on Mambare to comply with the licence and we are going to have to pay for both our half and our partners half because they are a little bit busy fighting a boardroom / shareholder battle ATM . Our official (but not) JV partner's future is very unclear ATM ,but if our 4 individual undisclosed real JV partners did have any spare cash they might consider it to be more prudent to allow themselves to be diluted at Mambare as contractually agreed at 2:1 and to use their cash instead on saving their DNI Holding interest from being diluted closer to 1000:1. It is for this reason I am convinced the coal story is being stretched out following a Legacy Hill searching for a partner story as the Dreamseller wrestles to keep both fantasy's alive .

http://www.modresources.com.au/sites/default/files/presentations/MOD%20Resources%20-%20May%202018%20-%20London%20Roadshow%28Final%29.pdf

Keith,I would be very interested in your feed back on Walsall later or tomo thanks . Bonker,your shift work days may soon be over,I thought 8hrs was a bit weird for a weekend ... Joe, lets just hope we get lucky with this one, the geology does look and appear to be on our side .

"One of dusters main gripes was the hype portrayed here over the t3 open pit. He said while it would still work, it needed a decent underground addition or satellite pits to boost the wow factor, so to speak." Haven't we been drilling for about 6 months on T3 ,T1 underground and T3 expansion for that very reason ? We can't expect to find the next T3 without permits to drill them.

I am amazed buyers aren't flooding in yet before its too late. What with this weeks RNS showing T3 similarities with A1,A4,A27,etc ,plus 1-2-1 in London and Birmingham this weekend and the other half of T3's infill/expansion drilling due any day now.

LOL

Zumore (2) RGMs 50% stake in the abandoned Mambare nickel/cobalt asset. Mambare is surrounded by Jungle and has next to no infrastructure and RGM haven't bothered with it for almost 7 years. RGM haven't bothered with it, nobody is bothered with it. So that is also worth �0. The problem is the renewed Mambare licence states that they have to spend $X about on exploration in order to keep our holding on it and we have to spent $A on coal to keep the dream alive too and at present we have no money but we still have wages to pay.

Commence scoping studies where drilling at regional targets were successful. Nice

How far is Walsall from birningham city centre i.e. from any nightlife post the presentation/beer afterwards ?

Stephens been a bit quite of late,may be he is taking part in yet another placing?

Has anyone ever considered merging with MOD and dual listing before? That would get around the 25% holding issue

Does anyone know whether this mob lab is up and running yet? Thanks

"you are like 4 Grumpy Old men in a retirement home with nothing better to do." It will be 5 Grumpy Old men in a retirement home with nothing better to do soon you just wait and see.

Fair is fair ,a rise is a rise but you would be crazy to not be selling out at this moment while you still have the chance .

Part 2: Mambare Licence EL1390 I estimate is going to require $1M spent on it this year if we are to retain it, while at the same time investing and taking a driving seat position of an Alabama Coal producing asset yet to be announced but Scott assures us its going to happen.So thats 2 big ticket high capital expenses that we know about this year and with no money in the bank and only one way of raising funds I think we all know where this is going to go.

The more I think about RGM the more I worry. First we have a flagship asset thats wherefore has still to reveal itself,it quite literally doesnt even exist ,how exactly we are going to pay for this immediately cash generating asset is still very a mystery , as is why anyone would want to sell it to us if its so great. This time around if it actually ever happens Scott wants to be in the driving seat ,if thats not enough to raise a RED FLAG nothing will ,with Scott and Andrew driving the train there is all only place thats trains going and thats Losserville.