Member Info for MrMagic

Helpful - "I would expect the royalties this year to be materially higher than last year,"

You amateur clowns have been saying the same thing for 12 months or more. Hopes, expects, anticipates. No-one believes this Billy BS anymore. Give it up.

Last reported royalty rate was a paltry $13,658

At that rate it will take a laughable 37 YEARS to recoup the first $2m and a further 97 YEARS for the final $1m.

You really must be desperately down here.

Helpful - "The value of the JMS holding is currently £3.3mil."

But that's notional as the shares are locked away in an Escrow agreement as Helpful very well knows. Thus they can not be sold. Their value was over £4m when Jupiter relisted last year and that value dropped by over £1.5m when the JMS SP tanked to 24c levels. Now that there is a short spike due so obviously to the dividend payment, certain unscrupulous characters are ramping the value repeatedly. I personally expect the JMS SP to retrace as soon as the divi is done but each to their own.

Helpful's "sum of the assets" is a red herring imo. This approach has never proven to be accurate or effective here and that's down to the actions of the BOD and how they issue shares and expend monies which these "sum of parts" valuations never take into account.

Greenland project has just been sold off for £1
Shoats Creek Project is now being written off
Steelmin project is currently a bust because they can't operate at a profit due to high electricity prices
Current Liabilities were stated as £2.6m in the Annual Report

The BOD spent circa £850,000 on Admin last year

El Limon royalties are paltry

Large 11% holder Peter Gyllenhammar has been selling shares

Small wonder a certain dedicated few are desperately trying to promote the share. Note that poster Helpful owns some of the outstanding Convertible Loan Notes here.

Laughable Twitter comments imo.

"Good one way traffic and strong Press interest as final divi intentions became clear"

lol at "One way traffic"

As soon as the divi date is past the buyers who have just bought, purely for the divi, will rush for the door and the SP will retrace back to 24c levels. All imo. Obviously some will ramp it as much as possible before that divi date arrives in order to boost their profits at the expense of the poor mugpunters they lure in who will be left holding the baby when the mad rush occurs. It is already too late now to buy in for the divi imo as what you gain from the divi you lose in the value of the shares when the SP retraces. DYOR.

Looking increasingly desperate Helpful. Just randomly posting links to any Twitter account that mentions the word Copper. Pretty sad. Have you nothing to say about the revelations in the recent annual report?

Greenland (prev on sale for $10m) now sold off for just £1
Shoats Creek now being written off
Steelmin unable to operate at a profit
Loans to Amulet Diamonds back in July that were not RNS'd to the markets
Loans which are "unsecured, non-interest bearing and have no fixed maturity or repayment date"
Colossal c£850,000 expended on Admin Expenses
Current Liabilities of £2.6m

Nothing to comment there?

All dire news imo.

Still as long as we all know the price of copper and manganese I'm sure everything will be peachy ! DYOR

Always good to look back at past rampers posts and take stock. That way you see in black and white what they do and how they do it. Then you learn not to pay attention to them in the future imho. Here are some of Bambos22's posts as the SP deteriorated:

08 Jun - SP 0.525 - "the share price is ridiculously low and the outlook is VERY bullish."
20 Sep - SP 0.425 - "Expecting things to improve. Very cheap entry!"
01 Oct - SP 0.375 - "the discerning PI is now buying RGM.. Very cheap indeed"
12 Oct - SP 0.325 - "The low share price is a massive BUY opportunity as entry now will reap the rewards once the market turns"
12 Oct - SP 0.325 - "Thinks are hotting up.... BOOOOOOM!... share price will do very well from here!"
07 Dec - SP 0.35 - "I think today's prices represent the bottom hence why I am in!"
19 Dec - SP 0.325 - "These are great entry prices at 0.3 or 0.35 or 0.4. This will swing in favour of the bulls very soon!!!"
04 Jan - SP 0.275 - "2019 looks very positive here"
04 Jan - SP 0.275 - "nice 500K BUY.. They will be the laughing ones when their investment bags!"

SP Today 0.20p, Bid Price 0.15p

Nuff said

How's that El Limon royalty coming Helpful? I'm waiting with great anticipation for the next update on the quarterly royalty revenue I can tell you. Yes sirreeeee it should be a belter !

Last reported revenue was just $13,658 for the quarter ending March 2018. At that paltry rate it will take RRR some 37 YEARS to recoup the first $2m of the royalty and a further 97 YEARS to recoup the final $1m.

I hope you'll still be around then to keep everyone updated on the price of copper and Greggs sandwiches !

lol Helpful

Desperation

Mt Ida is in mothballs

Looks like good ol' PJ has been selling some of his RGM holding. Things look pretty dire there imo. DYOR

https://www.investegate.co.uk/regency-mines-plc--rgm-/rns/holding-s--in-company/201902201121536262Q/

Not look great in the Congo TBH. Surprised Helpful didn;t put up these news links. . . .

http://www.mining.com/web/erg-will-suspend-copper-cobalt-output-congo-mine-month/

"ERG will suspend copper, cobalt output at Congo mine this month"

"The suspension comes at a time of strained relations between Congo and investors after the nation last year introduced new taxes, including a 10 percent levy on cobalt exports."

"The company plans to dismiss 2,700 workers and the conditions of their departure are being negotiated"

Any chance we'll see a Holdings RNS from you Helpful? lol

I mean just look at the price of copper you keep posting. Aren't you buying these up in droves??

Why not?

Gotta feel for poor old Helpful. Having to keep posting one liners on a daily basis. Just keep Googling "Copper news" old son, there must be more links you can find. Soon enough you'll have those contrarian posts pushed off the page here.

https://www.bloomberg.com/news/.../glencore-is-said-to-cut-workers-at-congo-copper-and-cobalt-mine

"The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda -- the world’s largest and richest source of cobalt -- and invest in new methods to extract the metals from sulfide deposits. The company is studying the economic viability of those deposits, given rising production costs and an uncertain political environment in Congo.

Relations between miners and the Congolese government have been strained following a revision to the mining code that tripled the royalties levied on cobalt. "

Oh dear . . .

If the 2.2m and 1.2m sells were Mr Gyllenhammar and a few of the 500k sells on the 13th were his too then I'm guessing he may have crossed into the 8% threshold in which case we will see another Holdings RNS.
That will still leave him with some 54m shares.

If he plans to keep selling then that's going to be a slow drip feed at this rate. SP is going nowhere.
News will be sold into imo.

Helpful: "the important bit is about the accounts being published: this releases the JMS shares held by RRR from escrow."

Not sure what your point is here TBH. Nothing has changed as per the original Escrow Agreement which another poster provided a link for some time ago. Here it is:

https://www.asx.com.au/asxpdf/20180417/pdf/43t8hfmq8tvqst.pdf

Scroll down to page 6 and you can see the release conditions.

It states that:

50% of the shares will be released when Jupiter :

"announces to ASX its reviewed financial statements for the half financial year ending 31 August 2019"

and the other 50% will be released when Jupiter:

"releases to ASX its audited financial statements for the financial year ending 28 February 2019"

Jupiter's track record of account releases are as follows:

Half Year Reports: 26 Oct, 6 Dec, 19 Dec
Full Year Reports: 31 May, 27 June, 16 June

Reasonable then to conclude that 50% of the RRR shares will be released around June time and the other 50% anywhere from late Oct to Dec.

All of which is rather academic because whilst the shares have been locked away in Escrow their value has lost over £1.5m since Jupiter relisted last year. I'm not including the recent mini spike in this because that is obviously artificial and a result of the dividend payment. The JMS SP will surely drop back down after the divi imo.

Can't imagine why anyone would pay more than 0.50p for shares here when 200m shares have just been issued at that price (only 136m in issue beforehand). Just nuts.

"Following the passing of the Resolutions, the Directors anticipate that the admission to trading of the 200,000,000 Placing Shares and Subscription Shares and the 26,458,958 Settlement Shares, will occur at 8.00am on Monday 18th February 2019 ("Admission")."

https://www.investegate.co.uk/african-battery--abm-/rns/result-of-gm--director-dealing---suspension-update/201902151318002547Q/

Yep Colin beat me to it. Never a penny of the Jupiter bonuses passed on to shareholders.

3 separate share buy backs conducted by Jupiter netting RRR over £1m plus a £500k dividend last year and now this dividend to come. All cash that went into the RRR coffers and NOT A SINGLE PENNY of it passed onto long suffering shareholders. Just money that inevitably gets rinsed through the astounding expenditure of this BOD on ADMIN expenses and other sundries. Last year they burned through a colossal £849,000 on just Admin plus a further £306k on "Other Project Costs".

Nothing there for shareholders sadly and with large 11% holder Peter Gyllenhammar actively selling shares there's unlikely to be any forward movement of the SP for quite some time imo. Any news will just be sold into.
No surprise then that the usual suspects are trying to pump this dog of a share with "jam tomorrow" kidology.

Just DYOR imo.

From 136m shares to 363m shares !

200,000,000 shares @0.50p to come. Roll up roll up . . . "

IN many ways odd that we've seen no holding RNS from you Helpful. I mean if you were happy to have convertible loan notes at 0.8p you'd think you would be lapping these up at 0.6p levels . . . . but no . . . . no holding RNS's

Go figure! lol

ABM, proud to be at the top of the Share Fallers board !

Start as you mean to go on I say . . . .

Only for the BOD imo