Member Info for MrMagic

So I'm guessing there will be one last ditch attempt to get the SP above 0.8p to try and let the 0.8p warrant holders exercise their 75m warrants which expire next week on 22nd Aug. Can't say I'm at all tempted to pay over 0.8p for shares at this point as a result of that situation, but each to their own.

Thing is . . . when that deadline is done with, then it's more of the same because there are another 96m warrants exercisable at 0.84p which expire 13th Nov. Hard not to assume that the SP will be similarly unresponsive up until that deadline.

There are also £1m worth of CLNs that are convertible at 0.8p which I assume are still outstanding but worth checking that. A few of those were converted earlier in the year creating about 6m shares so the CLNs that remain would make 119m more shares if they were converted I believe, again do check.

As ever I personally find the potential for dilution quite off-putting.

Not following you Zumore. How does a pic of AB equate to getting a new chairman?

AIM Companies classified as Investment Companies have a few extra rules to comply with including disclosures.

You have to disclose who the investment manager is, what investing experience he/she has and what experience the directors have, what the investing policy is and so on.

Stephen - "I recall doing the calc, was 180m without, 90m with warrants"

Ah ok, so we look to be in agreement then, If I get 178,464,502 remaining that's near enough 180m which as you say would probably end up as 90m issued with 90m warrants thrown in.

Schach - "accepting that placings are a necessary evil for miniscule mining explorers"

Whilst that may sound reasonable and explanatory the problem here, as with RRR, is the vast number of years the company has been in business, continually diluting and yet failing to get strong revenue generating projects in place to avoid further dilution. A brief visit to the Annual Report results helps show the picture along with the amount of monies raised each year via typically equity issues (all taken from the Annual Reports):

2012 - Loss of £2,112,350 - raised £907,090
2013 - Loss of £5,166,017 - raised £3,327,678
2014 - Loss of £1,508,812 - raised £1,212,805
2015 - Loss of £5,888,742 - raised £1,049,765
2016 - Loss of £1,965,722 - raised £781,595
2017 - Loss of £534,267 - raised £1,576,701

Total raised above - £8,855,634

Yet MCAP today a paltry £4m

It's not like this BOD haven't had money available to get something going. They've had plenty. A shame though that the equiv of £515,030 gets used up in Admin each year.

Where are you getting 90m from Stephen. Presumably there's something I am missing in my hastily cobbled list there?

So the list with warrants is:

11 Jan - 190,909,090 + 190,909,090 warrants
29 Jan - 18,181,818 + 18,181,818 warrants
06 Apr - 3,353,682

Total 421,535,498

If that's correct (again do pls check) then the balance from the 600m allocation would be 178,464,502 more shares available to be issued.

I was just about to mention warrants so cheers

booboo - "How many of those 600m have they used up so far Magic?"

Not sure but a very quick run through the RNSs since the AGM results shows these placings/issues:

11 Jan - 190,909,090
29 Jan - 18,181,818
06 Apr - 3,353,682

which totals 212,444,590

As always check figures

booboo - "No one knowing when the next placing is going to be, but knowing it must be imminent is whats holding the SP back ATM."

I would have to agree with this.

Remember that the company has already sought and been granted authority to issue up to 600m more shares here at the last AGM. See Annual Report pg 66 below (resolution 4):

https://www.regency-mines.com/wp-content/uploads/2017/12/5153_Regency_Mines_AR17_VS_2017-12-19_FINAL.pdf

Luke - "And you shouldn’t be allowed to post on here unless you are a shareholder "

Well thankfully for all PIs out there and all commentators, LSE's purpose is to provide a free and open platform for discussion. They categorically state that no-one needs to be a shareholder to comment on any board so no-one need feel unwelcome here whether they hold, don't hold, used to hold or whatever. If you're not happy with LSE's rule set then it's odd that you are here TBH. Why post on a forum who's ethos and rules you don't agree with?!

Regarding the sells, the trade list clearly shows that someone has been off-loading for the past week or so.
1,000,000 on the 9th, 2 x 500,000 and a 550,000 and a 200,000 on the 8th and so on. Drip drip.

It's obvious to me personally what's happening here and what's is likely coming. DYOR.

Agreed. I know what I personally think the sudden ramping and share selling is indicative of. It's a cycle I've seen time and time again both here and at RRR. Each to their own. Buy, sell or hold, but DYOR.

Helpful is correct TDT. The CLN's with their guaranteed 10% are easy money. The minimum profit is that 10% and so the prospect comes with the free element that converting might produce more profits if the SP is favourable.

I don't blame Helpful in the least for taking up some of those CLNs.

The wider issue for shareholders and prospective PIs is that this is a company and BOD willing to issue such lucrative perks to the fortunate few whilst everyone else potentially stands to get diluted. Same problem that has always existed with this BOD. The long term chart demonstrates admirably the outcome of this kind of funding strategy. Here it is:

http://oi64.tinypic.com/9pmf4k.jpg

Schach - "lets just wait a few weeks and then we'll all know what the figures are."

Nice rhetoric. The reality however is that you and Harhoo and other rampsters aren't waiting are you? You're pumping the stock NOW for all it's worth. What does that desperation say about what you really think the figures will turn out to be?!! As with the ramping before the last RNS was released, it serves only to make the markets cautious imo.

On any other AIM shares these facile "ramping 101" sound bites of "re-rate", "2p tomorrow", "last chance at these levels" and the like might fool a few unwary mugpunters. Here and at RRR you're certainly onto a loser imo as PIs and markets alike have seen it all before, over and over and over. They know the track record of dilution and SP value loss and they've witnessed countless times the lame board ramping on the run up to placings. They are unlikely to ignore history much as you would love them to. In short the stupid pumping serves only to make people think twice imo. DYOR.

I have copies Joebop. Anything specific you were looking for?

It makes no sense to me at all that the BOD would not include the ALBA shares in their list of projects and investments on the company website. Surely a company would want to list ALL of its investments, it's basic info for prospective shareholders.

The harsh truth imo is that the wider markets haven't responded to the RNS just put out. Apart from a tiny 45 mini-spike on the day of the RNS the markets appear to have shown total apathy. There must be a reason for that.

My take is that what we have here is a tiny group of individuals doing their best to pump the stock and entice mugpunter PIs in which I personally assume is because they are desperate to sell their shares as quickly as possible. Look through the past few days of trades and you can see repeated sells in blocks of 1,000,000 and 500,000. There are buys too of course. Personally I'm not the least bit swayed by the kind of shameless ramping nonsense a couple of posters are spouting and I doubt very much many others are either.

Another 2,000,000 sold on the bell by the look of it. £15k trade.

Schach, you're like a little girl who's dropped her ice cream on the floor stamping up and down. All noise.

No-one cares mate. Look around you. The markets are simply not interested. 3 trades showing on LSE today. Just 3 !!! And 6 more on NexExchange inc a 750,000 at around 0.55 which I presume is a sell.

Given you were ramping this last Nov when the SP was 0.675p telling people there were short term gains to be made I think the only questionable credibility is your own. The Bid today shown above is 0.55p. You called it wrong in Nov, very badly wrong. I just hope few listened to you.

Schach, can you think of any reason why the CEO or BOD would NOT include the investment in ALBA shares on the relevant page of their website amongst all the other projects and investments?