Member Info for MrMagic

The World Bank Group yearly report on the most corrupt (or not) countries in the world to do business with.

www.worldbank.org/.../doingBusiness/...Reports/.../DB2019-report_web-version.pdf

Out of 190 countries Somalia comes out worst at No 190, a highly corrupt country

DRC (Democratic Republic of Congo) comes in 7th from the bottom at No 184

Benin comes in at No 153

From todays disastrous RNS:

"The current business model of Regency along with that of most other junior exploration companies in the small-cap space relies on the ability to access capital by the issuance of new shares to investors to fund ongoing working capital and project development requirements."

Unbelievable really. Incorporated back in 2004 I believe. 15 years on and it hasn't managed to progress to a position where it has good revenue projects making it self-sustaining. Bell has imo simply made a lifestyle out of operating a model which repeatedly issues endless confetti to invent money out of thin air ! Literally £millions expended in Admin Expenses along the way. Beggars belief that people still fall for the "jam tomorrow" hype of the never-ending stream of carrot-dangling fanciful projects and ventures most of which inevitably go nowhere.

Whilst Bell's RGM languishes at the TOP of the Share Fallers board

I notice that Wishbone Gold is 2nd from the top of the Share Risers board. CEO Richard Poulden.

This put me in mind of the UK Investor Show of 2-3 years ago when Bell sat on a panel with Poulden and Dominic Frisby and Amanda Van Dyke and others. They discussed badly behaved mining companies and gave advice on how to pick/avoid bad AIM stocks. The entire thing can be watched on Youtube here:

https://www.youtube.com/watch?v=fam0-SHrDDY

Some interesting parts:

At 25.40 mins in

Dominic Frisby berates badly behaved miners/explorers citing statistics that revealed that more than 50% of all funds raised went to management rather than "in the ground" and that a whole raft of lawyers and fund raise companies have emerged to support that poor situation and all need to be cleaned up.

How very right he was !

At 29min in:

Dominic, Amanda and Richard Poulden give their advice on how to pick stocks

Richard Poulden says:

"You should look at how much management own of the company, it's very important.
If they only own 3%, they'll go out and raise money to pay themselves as day follows night.
The next thing is you should look at the G and A (General and Admin) costs, tremendously important.
How much money is actually going into the ground ?
Are they paying themselves stupid salaries ?
How much skin do they have in the game?"

Wise words indeed !

Amanda Van Dyke added:

"A lot of people are taken in by mining promotors and the mining industry is unfortunately horrible at over-promoting its own companies. I think you have to forget about what mining promoters say and compare mining companies, and developing mining companies and small cap stocks as it were on a metric by metric basis.

What cost of production will they have?
Do they have management with a track record regardless of what they say on a podium ?"

Couldn't really agree more ! In fact they were quite prophetic imo.

A few years on and the same useless BOD are still in place here and are still taking stupid salaries imo.

Admin Expenses for the year were just stated as £849,518 in the Annual Report. Just ridiculous !

I noticed the names Beaumont Cornish and St Brides in the RNS you linked to Helpful . . . .

Suggestion from one poster on ADVFN that RGM might dump its RRR shares in order to raise emergency cash !

Down 50%+

Top of the share fallers board

Doesn't look good. Fat lady reaching for a glass of water ?

. . .

and today Bell's other company RGM is 50%+ down. Top of the share fallers board. DYOR

Helpful - "So another asset deemed to be worth nothing is not worth nothing"

Assets are worth only what someone will pay for them as we have seen time and time again here.

You thought Greenland was worth something. It has now been sold for just £1

You though Shoats Creek was worth something, it is now being written off

You thought El Limon was worth something, it was practically given away for little actual cash and a royalty that will take a ridiculous amount of years to recoup.

You thought JMS shares were worth millions, but AB sat on them whilst their value tanked a few years ago.

Have to say your continuing efforts here just look increasingly desperate. DYOR

Cobalt oversupply in 2019

https://business.financialpost.com/investing/these-battery-skeptics-think-cobalt-and-lithium-prices-are-overcooked

"In the case of cobalt, supply will exceed demand by 652 tons this year, and that will widen to 20,842 tons next year, Wood Mackenzie Ltd. forecasts. The surplus is expected to send prices tumbling to an average of US$62,502 a ton in 2019, down 23 per cent from the forecast for this year, according to the London-based research and consulting firm. By 2022, the price will average just US$44,585"

Another good source ref here

World Bank Group - Ease Of Doing Business Report 2018

http://www.doingbusiness.org/content/dam/doingBusiness/media/Annual-Reports/English/DB2019-report_web-version.pdf

DRC comes in No 182 out of 190 with 190 being the worst place (Somalia)

Transparency.org maintains a recognised listing of the most corrupt countries in the world.

Out of 180 listed countries, the Democratic Republic of Congo (DRC) comes in at No 161 with the very worst, Somalia being No 180.

Countries are assigned a corruption level index where ZERO is Highly Corrupt and 100 is Very Clean.

DRC's corruption index is 20 (as at 2018, it was 21 in 2017 and 2016)

Good place to do business?

https://www.transparency.org/cpi2018

Well once again, perhaps the 4th time or more since ConfettiEttie Bell took over, ABM is on the Share Fallers board.

Can't knock the consistency TBH.

And there is the oh so predictable late reported trade. Just despicable stuff. 5m @ 0.65p £32K

Never ever believe these ramping clowns imo. DYOR and do it well

Lol Stephen. You really are sounding pretty desperate of late.

AB's colours are well and truly nailed to his mast. No-one falls for the "jam tomorrow" nonsense anymore.

You've ramped the despicable Mayan Energy for years as it wilfully issued billions upon billions of shares devastating the SP and thus people's holdings. You're pretty shameless TBH.

I'm just glad that so few fall for the lame pump and dump tactics these days.

Ramp attempt doesn't really appear to be working Kezzman imo. I mean the trade list is pretty sparse wouldn't you agree unless 20+ trades is the kind of thing these pumpers get excited about !

We know that Helpful owns some of the outstanding Convertible Loan Notes here which are convertible at 0.8p so lame attempts to try and pump the stock to be able to shift them is understandable.

In total there are £910,000 worth of CLNs still outstanding. In addition the company, at the recent AGM, requested and was granted authority to issue up to 400m more shares here this year. I guess they had their reasons.

I'll take your lack of response as a yes then. Helpful

So Peter Gyllenhammar HAS been selling shares. Still has 60 million of them. Question is how many more (if any) is he wanting to dump? And why?

Stephen, you are referring only to the first of those changes.

On 13th Feb - PG went from 10.96% to 9.90%

His holding went from 66,399,328 shares to just 60,000,000 shares.

Therefore he DID sell 6,399,328 shares yes?

A number of 500,000 sells I see in the list. Presumably a larger order being worked.

Also don't forget that there are additional trades that don't appear on LSE because they are on the Secondary market (nexechange.com). See here:

http://www.nexexchange.com/company-all-latest-trades?isin=GB00BYWJZ743&listingtypeid=PLSU

Don't forget a whole bunch of trades don't show in the trade list here because they're on the secondary market (nexechange). See here:

http://www.nexexchange.com/company-all-latest-trades?isin=GB00BYVT4J08&listingtypeid=PLSU

Trades at 0.15p

And no question in my own mind that certain people ramping this are just trying to shift their shares too. Looking for mug punters to pass them onto. Question is why? What do they know?