Member Info for MrMagic

Loki - "never heard the expression every dog has its day?"

Yep from a 100 lame rampers who tried spouting the same BS over the past 8 years here and at RRR. All left with their tails between their legs.

The fact is, if you're having to put your money in "dogs" like this utter POS in what is probably now the easiest market to make money in for the past 50 years, then you have to be horrendously bad at investing. There are pots and pots of money to be made effortlessly with great long standing real companies which have huge backers, tons of cash from loans and huge profitable businesses. These kind of companies are rising up and down by 50-100% all the time. They are "sound as a pound" companies. Not pathetic AIM tiddlers with a history of perpetual losses, industrial dilution and BODs who run the show as a lifestyle venture.

Even before the advent of Coronavirus I considered that I would be an absolute moron to put any money into RGM or RRR. Now we're in the most lucrative market for 50 years I'd consider myself utterly certifiable to buy shares in either RGM or RRR.

DYOR

The appalling track record is on my side of the argument Loki and you well know it. This company has made losses every single year for years. It's incurred losses of over £21m since 2012.

It's raised over £10m cash from confetti issues and other means and what does it have to show for it?

It spent over £6.5m of that just on Admin which is just laughable.

The net result of such a business model is constant dilution, constant rise in the shares in issue and SP destruction.

This is what has been seen consistently for years. The charts tell the story.

https://i.postimg.cc/NF4h85Rc/RGMCharts-3mth-10yr.png

The spike looks done to me

DYOR

Carnage. 13% down

Reason will become obvious soon enough imho

As predicted . . . . down she goes, where she stops no-one knows

Take a look at the trade list

9 x trades of 70,000. 5 x trades of 50,000 and others in similar fashion.

It's been a sea of red since at least 28th May and yet the SP hasn't dropped much. Where are the matching buys?

What could it be I wonder ?? I suspect we all know . . .

Tick tock

and still 66% down since the colossal 1-100 consolidation in December. Laughable but par for the course here.

The SP will drop back down next week imo as the pump fades out

Another later reported sell. Another 1m sold at 12:34.

I predict there will be more posted by the end of the day

You also claimed to know that people were able to short this share, yet have failed to provide any link to a broker where you can do it.

And yes, if you put your 8k in here instead of the plethora of other companies that have since bagged you've effectively failed to maximise your potential profits. Further more if you'd put it in those other companies you wouldn't have had to spend your time pumping the stock on chat boards as those shares have risen on merit and sound historical foundation rather than boiler room ramping.

DYOR

Wonder how many more late reported sells will appear at the end of today ?

Glad I'm not fooled by this nonsense any more

No links Loki? You disappoint me.

Admission then that you and Bambos are outright lying to readers here about short positions. Poor show

Be sure not to be left holding the baby at the end of today. . .

DYOR

Loki - "short position by any chance?"

Please Loki, and I mean this with utmost sincerity, provide a link to just one broker that will allow ordinary PIs to short this share. Just one I beg you. If it were possible I would re-mortgage my house and short the nuts off it and would have been a billionaire by now. Please go ahead since Bambos predictably hasn't been able to cite a single link where it is possible. Surely you can provide one yes. . . . . . . .?

Yet another late reported sell

Another 1.35m sold from 10:50 this morning.

Shocking

I agree it's clear why it has risen a tiny bit

The 18m locked in YA/Riverfort shares were unlocked on 1st June. Since then a number of fervent stock pumpers have
coincidentally appeared. No surprise to me personally.

I wouldn't touch these with a barge pole personally. The share is a total dilution pit and always has been.

Take a look at the charts below (taken 7th May). Charts for 3mths, 1yr, 3yrs, 5yrs, 10yrs.

https://i.postimg.cc/NF4h85Rc/RGMCharts-3mth-10yr.png

The picture is always the same. SP decimation. The result imo of a greedy BOD whose business model is simply one of perpetual dilution of shareholders whilst they continue to take lucrative salaries and expend sill amounts of precious company cash on Admin and other expenses.

Since the new chairman came in here things have gone from terrible to utterly abysmal.

Parsons added over 7 billion shares to the 1.5 billion in issue at that time

He then consolidated the shares on a colossal 1-100 basis (they had already previously been consolidate 1-20)

The shares in issue were then 86m and the share price was 3.5p

In just 5 months the share issue is now 168m (almost double again)

And the SP has been decimated to 0.75p levels.

Even after the small rise this week that has coincided with YA/Riverfort's 18m locked in shares being unlocked, the SP is still only 0.9p.

That means the share has lost some 74% of its value in just 5 months.

As the various charts show this is very much par for the course with this share. The result of its business model imo

I definitely wouldn't want to be left holding shares here at the weekend.

DYOR

Bambos - "Shorters Now in a very precarious position "

Please provide just one link to any company that allows PIs to short POS shares like this one.

I know you can't, so please stop lying to people about there being shorts here. That is market abuse.

The FCA maintain a public spreadsheet of all declared short positions on a daily basis and historical basis. It is freely downloadable here:

http://www.fca.org.uk/your-fca/short-positions-daily-update

There are no declared shorts for Regency Mines and have not been since 2014

.

https://www.lse.co.uk/rns/RGM/partial-release-of-lock-in-67k7w1pzih7e966.html

"The balance of 18,174,545 shares held by YA PN II Ltd and Riverfort Global Capital will remain bound
by the existing provisions of the lock-in agreement and are therefore not available to trade until June 2020."

Personally I'm not the least bit interested in taking those shares off YA/Riverfort and being left holding the baby.
Each to their own of course.

DYOR

lol yes

Looks like the same old routine to me. Not personally fooled. Let the mugs learn their valuable lesson.
If they didn't learn from the billions of shares issued at Christmas and the 1-100 share consolidation and the SP having lost 78% of it's value since then in just 5 months then frankly they will never learn.

Nothing ever changes. Endless confetti, £millions expended on Admin, SP destruction.

Fill yer boots

Meanwhile I will stay very well away

DYOR

Today's RNS essentially reports that Bell has filled in a form to apply for some gold prospecting licenses. In this respect it is for me a total "nothing" RNS.

How is it that this chairman will refuse to put out RNSs :

1. When he makes actual loans and transactions with Amulet Diamonds

2. When he makes an actual loan of £1.1m to Steelmin

3. When Steelmin (in which RRR held a 22% interest) goes into Administration

4. When he sells 1.5m of the "crown jewels" Jupiter shares

yet DOES put out an RNS when he has merely APPLIED for some licenses ?

Surely this has become beyond a joke now!

To my mind such a lame Update RNS can mean only one thing which is that he wants to drum up some interest here in
readiness for another confetti placing. I could be wrong. We will see in the next couple of weeks I guess.

Either way the refusal to RNS key loans, transactions and significant events for me makes this uninvestable. I'd consider
myself investing blind not knowing what other loans and transactions had been made and not RNS'd.

The BOD's position here has been an untenable one for a long time imo. Bell & Co must be removed and replaced imo.
Until that happens the business model won't change and they will continue issuing confetti shares and CLNs and
expending preposterous amounts on Admin and other expenses whilst keeping fingers in lots of pies to generate interest.

For me, simply uninvestable

DYOR

Helpful - " why would I expect them to be repaid now?"

No more than we should expect them to be repaid on 19th Dec.

Those £1m+ worth of CLNs have now been rolled over for a 3rd successive year. They have incurred interest payments of 10% each year for shareholders here, more money down the drain. Your cash is locked in to those CLNs which you repeatedly tried telling people you're happy with yet for this year's farcical roll-over the conversion price has had to be lowered from 0.8p to 0.6p and the interest rate has been raised from 10% to 12%. Clear indications for me that you weren't at all happy and felt the need to negotiate such changes.

It remains a farcical situation imo. For the sake of just paying off a £1m set of CLNs the company has incurred 2 years of 10% interest and a third year at 12%. Can't see how any genuine shareholder would be happy with such a situation. It's bad enough that shareholders have to watch old Bell & Co burn through £591k a year just on Admin let alone fritter away £100,000s on interest rates for CLNs that should have been paid off ages ago.

Total joke imo

https://www.lse.co.uk/rns/RGM/partial-release-of-lock-in-67k7w1pzih7e966.html

"The balance of 18,174,545 shares held by YA PN II Ltd and Riverfort Global Capital will remain bound
by the existing provisions of the lock-in agreement and are therefore not available to trade until June 2020."

"Regency has executed a lock-in agreement with Red Rock Resources Plc ("RRR") covering the entire
position (3,383,633 shares) currently held by RRR. Under the terms of this agreement 100% of these
shares will be locked in through March 2020, 70% will be locked up through June 2020 and 40% of the
total will be locked in through December 2020, at which time the agreement will expire."

Monday morning will be June 1st.

DYOR

Madpat - "Today Is tank day?"

Just look at the trade list. It's been a sea of red for days. Can only mean one thing of course imo.

Watch for the increased ramp attempts. Same old zzzZZZZZZ

DYOR