Member Info for booboobooboo

Interesting how Scott stated coal is now our new flagship asset ,yet the only notable coal asset we own is Rosa which carries a court order liability of $10k a month. So our real and new flagship asset isn't coal at all but the concept of a high quality coal asset instead that at present doesnt even exist and isn't very likely to exist on RGM budget .They are trying to make out they are fixing the Rosa problems of last year and that the story is still continuing but the reality is Rosa is dead and lead many an investor up the garden path and the dream seller is now trying to sell a new dream under the mask of the old one. Do not trust this man cos he is the most dangerous individual you are ever likely to meet .

SM123 , the story for you might start at 0.55p and it will finish at 20 : 1 consolidation just like it did last time . You will learn the hard way just like poor old Luke 999% down .

http://portal.mra.gov.pg/Map/ Licence EL 1390 expires 09/06/2017 pending renewal A spending commitment p.a. per Sq kilometre is required http://www.mra.gov.pg/Portals/2/Tenements/EL%20Application%20Brochure%202013.pdf In other words we have to spend money on Mambare whether our secret JV partners can afford it or not otherwise we will lose our licence ,contractually diluting them 2:1. With no money in the bank RGM shareholders need to brace themselves for heavy dilution this year.

Scott was kind of implying Rosa going wrong wasn't their fault cos we only had a 20% interest that didn't justify full DD and because it wasn't them driving the train the collision that followed was out of their control. Well don't think it was their partner that made them post this on twitter(Video made by Scott himself) https://twitter.com/Regency_Mines/status/847412259391275009 This is Highwaller to be used at Rosa and now on site (video not taken at Rosa). Now optimised further, ready to go! There was also an RNS stating that all that was needed was for a digger to reduce the steepness of the slope to make them safer before the highwaller was ready to move in and production started. I don't believe for one minute that the "Merry dancing duo" were being lead a merry dance by their chosen partner , We have been taken for as fools.

Cant help but think you are going to be yet another one that learns the hard way.

You can't hear the questions being asked very clearly but you turn the volume up to full and listen carefully you do hear an investor saying: Investor " this company has been run by chimpanzees" Andrew "Well thats your prerogative " At least that is what it sounds like .

Taken from the RGM presentation 2017 Year 1 Target: 100,000 Tons of Coal Conservative: $130 Met Coal $13m in Revenue - $8.7m in EBITDA Strong Met Coal Prices LOL Taken from RGM most recent presentation 50:50 Joint Venture between RGM and Direct Nickel Ltd (Additional 1.36% indirect stake through DNI) That 1.36% as of Friday has now gone so thats new news ,Direct Nickel Ltd is no more as of 2 years ago but if Andrew Bell was trying to mislead investors by deliberately confusing DNi Holdings with DNi Ltd which he was,he isn't going to be able to do that anymore cos now even DNi Holdings have gone now too and with it use of DNi Technologies too. All we have now is 1 former geo and 3 former scientists who previously worked for DNi as our secret JV partners who we will need to dilute 2:1 (as agreed in the original contract) if we are ever going to ever get anything done there .

With absolutely no money in the bank whatever happens next is going to cost us all in dilution. and I suspect we will see quite a lot of it ,cos if they don't spend some money on Mambare soon having not spent anything on it for 7 years there is a real chance we will have the licence taken away from us. RGM states that our Mambare JV partner is DNi Ltd but they were no more a long time ago ,all that was left was DNi Holdings to which we held 1.74% stake in (previously 8%) but thats now been handed over for A$10,000 to DNi Projects which is 100% owned by Windward who also have a 10% free carriage in Mambare . So we have lost everything and just to make things worse Windward have taken the DNi Technologies rights too. There is a very good reason why RGM have mislead investors about who exactly our new individual JV partners are and seeing as they forked out a lot of money to clear the old DNi debts on the project 2 years ago , i very much doubt they will be going without a fight.

Saott wants to drive the train .LOL

DNi had a meeting today to vote DNi holdings over to DNi Projects for $10,000 .DNi Projects is fully owned by Windward.If it gets voted through we will lose all our once A$7M investment in DNi and our previously agreed DNi technologies. Our new JV partners at Mambare are also going to feel a whole lot poorer too and foolish cos they were paid the last to 3 years of employment in DNi shares,so they worked for nothing in other words only to give the whole lot away to Windward just as Nickel prices are turning. Not sure how the vote went yet ,but if it was voted through it will be a very bad day for Mambare .

$17b is prob only for the 3% of slopes they drilled last time around , by the time you add the remaining 97% and better grades on the plateau we could be nearer $600 Billion .The question is how can Andrew and Scott carve a lifestyle out of those kind of statistics and get some of RGM largest shareholders (who should all know better) to do the messenger work for them?

Interesting Kopore's 4 prospects are all at the north end of their tenements ,i.e. as close to the edge of the corridor as possible.Also the corridor hasn't been highlighted ,may be thats because it doesnt cover their land.

An obvious path would seem to be , obtain drilling permits then find more copper over the coming months ,consolidate the asset for MOD to sell onto a major ,we all make a load of money. It is also worth noting :Nick Rules etc only came on board post the T3 discovery .

Was Feb 2016 before or after the T3 discovery?

Its just a computer thing Keith.The good news is they are preparing themselves to becoming miners suggesting the next outstanding assay will make good reading and will be resource boasting .

In other words you would have to be a complete fool to buy into Mambare,which is exactly the reason DNi gave for giving up the asset 2 years ago and exactly the reason why the previous CEO of DNi regularly referred to Andrew Bell as the Great dream seller.

That "value engineering study" never actually materialised ,laterite nickel deposits are now coming back onto the radar mainly on the back of its by product cobalt but in Mambare's case it only has grades something like 0.01% .Miners are more likely to return back to previously exhausted nickel mines with their already proven measured resource and BFS ,road,local mining knowledge and electricity etc where previously the nickel had been extracted from only the Limonite layer leaving the saprolite layer still untouched to be mined(using a different process) at a later date or vice versa.

Zumore Colin,Seagull,Steven,H5o I like the photo of the visitor who on he 4 day round visit to base camp 1 (the very bottom of the mountain) needed to cross the river in a car inter tube and some rope. Stephen Pearce seems to think there are roads,bridges and electricity there .LOLthey only just stopped eating one another 40 years ago. if they could find some sort of way to list Mambare this would take the cash burn away from both JV partners who lets face it don't have any and over time give RGM a chance to sell up and get the F out seeing as the place is never going to become a mine in anyones life time anyway. If done right it could also provide AB and SK a 3rd and 4th salary. What do you think?

http://www.thinkgeoenergy.com/mining-firm-in-papua-new-guinea-exploring-geothermal-power-option/ We never heard anymore about this,I am guessing we still hold the Geo Thermal licences cos our annual maintenance costs are so high which is why it made sense to embrace 4 individuals to shares those costs with who have something AB and SK don't have, experience to actually explore for geo thermal with Ian Warden .

http://slideplayer.com/slide/1443611/