Member Info for booboobooboo

Zumore, yes people are waking up to the reality RGM flagship asset is a load of hot air.At the end of the last exploration program DNi stated that the next visit would require $30M spent on it if it was to have any chance of catching up with its peers and that would only see them in a position to mine not in the next cycle but the one after that. i.e. if they tickle it this time we will be 3 commodity cycles away from production and thats if it ever happens. I hate to say it but a 5% holding in a hire car company run by a bunch of unproven entrepreneurs is starting to look like our best asset ,but with the "Yes-Kid" now joining the board I am not very hopeful of that either. I am sorry to say that I just can't see any light at the end of the tunnel here and I suspect thats is because there isn't one.

ADVFN Trades shows 10 Milions sells....... Also interesting is P...Disco mirror ball in trading room with glitter lights...J silence on RGM has lasted nearly 2 months.

Zumore, a major give up Mambare in the first place thats it how come Mr Lifestyle got hold of it. SeaGull RGM 10% down?I am not surprised...

I noticed around 7,000,0000 Million sells today earlier on Nex.

The author needs to be careful or Okenia will report him to Mr Lifestyle and his "Yes" men.....

Well we are going to need to hear something quite soon about our Mambare plans cos it is all going to need to be planned for ready for when the dry season starts ,unless they adopt the same approach they used on the last 2 explorations . NOTES to remember.. Get work visas (before the team arrive at the airport) Helicopter .(book in advance) The good shit is one the plateau not the bottom slopes. Hard cash to pay tribe bribes.

Thanks so we have until the 23rd of Feb?

Can someone remind me when the Steelmin loan extension deadline is.thanks

LOL ,Zumore , but what return did they get for their $1m loan.....absolutely nothing apart from a court order. In the last interview AB said loans were for the first time going to be cleared blaming DNi 7 years ago for the over hang.LOL

Thanks Zumore, nearly 800M shares now and it is only January, it didn't take the boy long did it?.Also I noticed no mobile numbers aren't given out on the RNS's anymore either. Not sure if it was fact or true but there was a rumour at one time Andrew has/had his own bodyguard and was training in martial arts.

May be the bailiffs will find the missing highwaller when they call around for their money .....

Thanks, I can't open it properly ,surely it doesnt go back all the way to 2010, so we can only be talking 20% of $120k i.e. one year. This does help RGM in terms of negotiateing possibly ?

ps can anyone sum up what has been happening here with Rosa,where has all this debt come from?

Thanks Britto,any idea how much debt repayment we are talking about roughly?

Good morning Okenia (sorry for the delay in replying ,it has been a busy weekend here) Exports and Sales: Since production started in 2012 mixed nickel cobalt hydroxide intermediate product has been exported to China where contracts are in place to receive the product. Up until the end of 2016 a total of 81,385 t of nickel and 7,901 t of cobalt in an "INTERMEDIATE" form has been sold. The clue here Okenia is "in INTERMEDIATE form"...... there is of course a very good reason why it has been engineered to be suspeneded at this level. To the best of my knowledge the DNi process can't suspend the nickel hydr-oxide (hydrogen/oxogen) to get around transportation laws because the flowchart doesnt have a neutralising stage (the N gets recycled instead) unlike HPAL (Ci /lime). I hope that makes sense ,here is a typical H2SO4 pressure leach flowchart to help make things a bit clearer. http://coralbaynickel.com/index_files/Page392.htm Can I suggest you contact Fiona at Direct Nickel itself for further confirmation after all it was DNi that educated me on NiO/Ni(OH)2/MHP transport limitations. https://www.linkedin.com/in/fiona-mccarthy-35ba9140/ Have a great weekend. Booboo

Nickel Hydr-Oxide Ni(OH)2 or NiO Both fall under almost exactly the same P- code categories i.e. neither will be leaving PNG anytime soon without additional processing meaning the DNi for Mambare is unfeasible . https://pubchem.ncbi.nlm.nih.gov/compound/nickel_hydroxide#section=Top Hazards Identification GHS Classification GHS07: IrritantGHS08: Health Hazard, carcinogen, mutagenicity, reproductive toxicity, target organ toxicity, aspiration hazardGHS09: Environment, aquatic toxicity Signal: Danger GHS Hazard Statements Aggregated GHS information provided by 2 companies from 2 notifications to the ECHA C&L Inventory. Each notification may be associated with multiple companies. H302 (100%): Harmful if swallowed [Warning Acute toxicity, oral] H315 (100%): Causes skin irritation [Warning Skin corrosion/irritation] H317 (100%): May cause an allergic skin reaction [Warning Sensitization, Skin] H332 (100%): Harmful if inhaled [Warning Acute toxicity, inhalation] H334 (100%): May cause allergy or asthma symptoms or breathing difficulties if inhaled [Danger Sensitization, respiratory] H341 (100%): Suspected of causing genetic defects [Warning Germ cell mutagenicity] H350 (100%): May cause cancer [Danger Carcinogenicity] H360 (100%): May damage fertility or the unborn child [Danger Reproductive toxicity] H372 (100%): Causes damage to organs through prolonged or repeated exposure [Danger Specific target organ toxicity, repeated exposure] H400 (100%): Very toxic to aquatic life [Warning Hazardous to the aquatic environment, acute hazard] H410 (100%): Very toxic to aquatic life with long lasting effects [Warning Hazardous to the aquatic environment, long-term hazard] Information may vary between notifications depending on impurities, additives, and other factors. The percentage value in parenthesis indicates the notified classification ratio from companies that provide hazard codes. Only hazard codes with percentage values above 10% are shown. Precautionary Statement Codes P201, P202, P260, P261, P264, P270, P271, P272, P273, P280, P281, P285, P301+P312, P302+P352, P304+P312, P304+P340, P304+P341, P308+P313, P312, P314, P321, P330, P332+P313, P333+P313, P342+P311, P362, P363, P391, P405, and P501 (The corresponding statement to each P-code can be found here.) Listed below are the NiO P-code for comparison https://pubchem.ncbi.nlm.nih.gov/compound/nickel_oxide#section=GHS-Classification Precautionary Statement Codes P201, P202, P260, P261, P264, P270, P272, P273, P280, P281, P285, P302+P352, P304+P341, P308+P313, P314, P321, P333+P313, P342+P311, P363, P391, P405, and P501 (The corresponding statement to each P-code can be found here.)

okenia "Good job MHP isn't nickel oxide then" Has it ever crossed your mind what in this case makes up MHP? "The Direct Nickel process can produce Ni metal or nickel oxides to feed stainless steel plants or mixed nickel cobalt hydroxide to feed existing nickel refineries" http://www.directnickel.com/wp-content/uploads/2015/05/DNi-Conf-Paper-Cornwall.pdf List of IARC Group 1 carcinogens (yes nickel compounds are on the list) https://en.wikipedia.org/wiki/List_of_IARC_Group_1_carcinogens H317 (100%): May cause an allergic skin reaction [Warning Sensitization, Skin] H334 (12.55%): May cause allergy or asthma symptoms or breathing difficulties if inhaled [Danger Sensitization, respiratory] H350 (100%): May cause cancer [Danger Carcinogenicity] H372 (99.56%): Causes damage to organs through prolonged or repeated exposure [Danger Specific target organ toxicity, repeated exposure] H401 (11.73%): Toxic to aquatic life [Hazardous to the aquatic environment, acute hazard] H411 (11.73%): Toxic to aquatic life with long lasting effects [Hazardous to the aquatic environment, long-term hazard] H413 (88.27%): May cause long lasting harmful effects to aquatic life [Hazardous to the aquatic environment, long-term hazard] https://pubchem.ncbi.nlm.nih.gov/compound/NICKEL%20OXIDE#section=Safety-and-Hazards There is a UN shipping ban on Nickel Oxide for carcinogenic /aquatic hazardous risks it can not leave PNG waters for processing ,making the idea of a DNi metallurgy solution a non starter in PNG.

Taken from the latest Dec 2017 presentation https://www.regency-mines.com/wp-content/uploads/2017/12/2017.12.29-RGM-CorpPres_FINAL_Web.pdf 50:50 Joint Venture between RGM and Direct Nickel Ltd (Additional 1.36% indirect stake through DNI) http://www.directnickel.com/about-dni/company-history/ 2017 Shareholders of Direct Nickel Ltd approve an in specie dividend of shares in Direct Nickel Holdings Pty Ltd (which holds approximately 49% of DNP and 30% of DNi Technologies) and Direct Nickel Ltd is sold outside the group; Why have you been dishonestly deceiving everyone regarding our flagship JV partner? Are you using that highwaller to bury the true?

Zumore ,exactly right I can remember that RNS well, i can see how RGM could put together by the skin of its teeth �1M for explore type activate in 2018 but I can't see how thats would be enough to cover what i am guess would be in a VES and I most certainly can't see where our JV partners would get that kind of money from unless Ian Warden is planning an ASX listing . My point is whatever acceleration they end up doing this year RGM must be prepared to foot most of the bill cos 4 normal former DNi employees who weren't even paid for their last 2 years of employment won't have that sort of money.

Zumore not sure if Magic got back to you on that one,if he is taking part it is very hypercritical of him. At first glance it appears tempting but on scrutiny its a very bad deal for the purchaser.The sweetners are the warrants but for them to be exercised the SP is going to need to be 1.3p or above and everyone and their mother are going to be doing the same thing .....dumping. So realistically the sweetner is never going to happen making the whole thing a pointless exercise cos with 200M yes 200M of new shares entering the market @.55p we are going to be staying at these levels for a very long time. Personally I am more worried about Mambare costs going forward cos I can see RGM taking on most of the burden. We really are JV-ed with 4 normal individuals that are going to find it very hard to pay their share of the bill. As always you just can't make it up..