Member Info for MrMagic

"If u have a key question(s) you would like to ask plse tweet or email to us." Yes I would like to ask Align themselves the same question I asked on the RGM board to which poster RichieBoy666 has disappointingly failed to answer. The question is simply this: Is Align Research the "service provider" referred to in the RNS of 22nd Feb which stated: "the Board of Directors approved the issuance of 4,615,384 new ordinary shares of 0.01p each ("Ordinary Shares") in the Company at a price of 0.65p per Ordinary Share for the total cost of �30,000 pursuant to an agreement with a service provider. The new Ordinary Shares have a sale restriction for a period of 6 months." If it is Align then imo taking hugely discounted shares in payment of services does NOT show anything like the high levels of confidence they profess in their spiel.

richie: "Potentially a chunk of dilution, but you dont acknowledge the cash they will bring in" Ah so you're ignoring the Convertible Loan Notes then? Cash for those is already in. �1,000,000. So we're just waiting for those 125m dilution shares at 0.8p to be converted (less the 6m converted yesterday). Warrants will produce cash at the expense of more dilution but the issue will always be what happens to cash in the RRR coffers. What shareholder value is added for example? Shoats Creek, plenty sunk in there, but naff all has come out. Greenland, millions sunk there, now sitting idly with no buyers. Ivory Coast, Candy Sweets, Cloud Computing . . . and so on. As I have highlighted many times, much to the frustration of the rampers, this BOD raised over �9m via various share issues in 2013, 2014 and 2015. That's a ton of cash ! �9m, it's far more cash than rampers are currently speculating about. Where did that �9m go? What sharehodler value did it generate? What we do know is that the BOD expended �686k last year on Admin and Exploration Expenses alone so its clear where some of it disappears to. Not exactly shareholder value imo. With the various near term events expected the rampsters seem overly keen to convince me that �X + �Y + �Z cash coming in will equate to significant SP increase. I find it hard to concur with that looking at the history here. The markets, imo, are probably more interested in good strong recurring revenue rather than singular cash payments. El Limon failed miserably to produce strong revenue imo. Shoats Creek has failed miserably to deliver strong revenues imo. Now the latest "new kid on the block" project is Steelmin. We wait to see how long it takes to get production started and what levels of production are achieved and at what production costs.

Nice list Richie but is it the full picture? I'm not sure it is. Can you tell me what debts/liabilities if any RRR has ? That would surely affect the amount of cash you are saying is in the bank. As at June 2017 there were �4.8m current liabilities. The Steelmin loan, which is now repaid was about �3.1m of that I believe. So what of the rest? Jupiter "dividend" . . . we've already had 2 of those. Tell me did they add any value at all to the SP here? I'd say very little. Where has the money gone from those 2 payments? Did shareholders see a penny of it? Nope That Colombia payment, the final tranche from the prom note of the original deal is due by April 2018 and BTW it's ColOmbia not ColUmbia. Easy mistake to make. Even RRR themselves can't get it right at times ! Has your assessment of where the SP should be, taken into account the many millions of additional shares that are to be issued? I'm guessing not. There are 125m shares to come from the �1,000,000 worth of CLNs at 0.8p (less the 6m converted yesterday) Today's MCAP is approx �5m which is 510m shares valued at 1p each If you add in the rest of those CLN shares then you'd be looking at about 629m shares with the same �5m MCAP which makes an SP of about 0.8p today. Then there are the millions of dilutive warrants waiting in the wings to be exercised. The most relevant at this point are: 8,333,333 exercisable at 0.90 pence expires - 03.09.2018 21,315,971 exercisable at 0.66 pence expires - 28.04.2018 97,023,801 exercisable at 0.84 pence expires - 13.11.2018 75,000,000 exercisable at 0.80 pence expires - 22.08.2018 And finally there's the fact that the company also has authority to issue up to 500m more shares this year. No guarantee that any or all of those will be issued but the authority to issue was requested and granted. With the cash expected one would hope that this allotment wont be used any time soon.

And how much of that will RRR Shareholders see Briar??? How much of the share buyback monies were passed onto shareholders? None! The Jupiter ramp has been attempted before. Wild speculative valuations. It didn't work. The SP went nowhere. Key problem here is AB has had control of far more Jupiter shares than we have now. Over 74m there were and they were worth over �25m but AB failed to sell them when the price was high to realise the value for shareholders. 5m were sold at 55c a share 14m were sold at 11c a share 40.5m were sold at 7c a share Then 7.6m were bought at 5.6c a share. Pretty abysmal management of a shareholder asset/investment imo. Personally I don't believe AB's position on the board of Jupiter helps. Seems a conflict of interest to me and will be even more so if/when Jupiter relist. The share are only worth what someone will pay for them and that only happens IF AB decides/agrees to actually sell them. Personally I don't think he will sell them

"Well if you can give me 6 guesses..." or . . . . Momentum traders looking to bottom feed again Pump to let the �1m worth of 0.8p CLNs convert Pump to let numerous warrants at 0.66p-0.84p exercise and take profit or just the usual mini spike before the next piece of news which the traders will sell into

Never advised anyone to either buy or sell. The usual bitter vindictive lies from the same poster. Readers beware.

Quite right Dougal Tshipi hand out cash to their shareholders - inc Jupiter Jupiter hand out cash to their shareholders - inc RRR RRR . . . . errrrrr don't hand any of it to their shareholders !

raaydaar - "There's been a whole load of Jam filled days recently" Great, so can you tell us please what the Revenue situation is now then from all this jam? The Interim Report published recently (end Sept) stated: Revenue - $53,000 Cost of Sales - ($87,000) Other Admin Expenses - ($701,000) (6 month figures to 30 June 2017) https://www.investegate.co.uk/mayan-energy-limited--myn-/rns/half-year-report/201709290700081733S/ Has this chasm between Revenue and expenses been reduced any? One hopes so but nevertheless please tell us what the revenue situation is now after all this jam.

Unbelievable number of ever new aliases arriving here to pump the share. All comes across as very desperate. All accompanied by the usual denial to face up to reality. e.g. Goodshare - "with his constant old news dating back years." This is laughable. Mayan's horrendous dilutive antics have been going since they began in Sept 2016, hardly "years ago". As recently as last April they conducted the huge 400-1 consolidation. That took the share issue down to a better sounding 82m shares. Then just a few weeks later in June they issued enough confetti at the discount price of 0.3p to QUADRUPLE that share issue in one fell swoop taking it to 338m. Today just 8 months later there are now 1.16 BILLION shares in issue ! Pretty unbelievable ! Trainingsteve - "They are correct about how nct and the early mayan had lost investors money, I'm one of those investors but THE NEW MAYAN has turned the corner" lol at this. Mayan has only been going for about 1.5 years and already the rampsters want to rebrand it as New Mayan in an attempt to brush under the carpet what has unquestionably been appalling performance and SP destruction. What next? Are they going to call it "New new Mayan" after the next inevitable issue of confetti? The RNSs are there for all to see and read. Why is it that these board rampers only want to trade in "jam tomorrow" sound bites and refuse to discuss the finances? It is the finances imo that have been the cause of the industrial levels of dilution. Low revenue, high overheads. Until that situation imp[roves significantly then little is going to change imo. What is needed is good revenue and reduction of overheads. Mayan are clearly working towards that end but I can't help but feel there is a long way to go yet.

LutherVanDross - " I suggest you read the last half a dozen they will make excellent reading" lol Why not read ALL the RNSs. There are after all only 1 and a bit pages of RNS so easy to do the appropriate research to see: 1. What ventures Mayan has gotten into 2. What has/has not been delivered so far 3. What the finance situation is 4. The vast number of shares issued at discount to prevailing SP 5. The future potential Shame on those who constantly try to brush the recent past under the carpet to suit their ramping agenda.

lol so none of the rampers willing to engage in a discussion of the current Revenue vs Overheads . . . . Just another stream of sound bite posts presumably designed to push unwanted posts of the page. People will rightly see that for what it is.

"I don't expect any answer to that from the rampers, it's not a topic they like to discuss" Jarrow - "why dont you go post on the toys r us share board?" ryn82 - "Focus on what�s going on with the assets" and there it is, bingo! Guess finance is a sensitive topic

"Jackal - don't expect a reply from Mr M - he really has no answer to that" The answer is very simple. The history IS very relevant. There has been catastrophic dilution which has decimated the SP and doubtless many PIs holdings. One has to determine what the cause of that dilution was. My answer is that it is the simple by-product of a company operating with massive overheads and yet with little revenue. Last report stated that Mayan expended $700,000 on "Other Admin Expenses" alone which is equiv to $1.4m per year. How much actual revenue does Mayan bring in by comparison? I don't expect any answer to that from the rampers, it's not a topic they like to discuss. For sure, in the fullness of time the revenues may increase and the overheads may reduce, but until then this problem persists imo and while ever it persists, so too will the share issues. Confetti Eddie has form here even in such a short tenureship.

And the "usual suspects" will still be ramping here when the share count hits a trillion (pre-consolidation)! Go figure. In just over one year this company has diluted so much that it's taken the share count from 10 billion to the pre-consolidation equiv of 466 billion. An unbelievable amount. The 400-1 consolidation was one of the largest I have ever seen. SP has been decimated since Mayan began (the more recent rise notwithstanding) and yet the same group of individuals here have persisted in promoting the stock, with endless "jam tomorrow" rhetoric. One can only draw conclusions from that imo.

Working it like a group of street girls, can only mean one thing is coming imo. Pages and pages of the usual forward looking, "news tomorrow", "jam tomorrow" drivel. It can all be summarised as : - Please buy the shares, our positions depend on it - We have zero confidence which is why we're here posting constantly - Just think of all that future jam, don't think about what's actually transpired, it's . . errrr just history - Deal with realists by insulting and belittling them since we can't refute their facts

Paladin - "Why would $5,148 in royalty payments be used as the run rate going forward?" Essentially because it's the only concrete actual figure that the company has been willing to RNS. Everything else is predictions, forecasts, guesstimates. Remember Shoats Creek? The LM#20 well was greatly hyped as having been tested at over 300 bopd. Rampers went wild on it. The operator said they aimed to get stable production at around 200-225 bopd. There then followed a long period of silence. Months. Eventually the ACTUAL production rate was stated as 100 bopd and that soon fell to just 70 bopd (14 net to RRR) and then the well suffered sand ingression. The lessons I personally learned here were: 1. Never base investment decisions on tests, forecasts, hopes, dreams and expectations 2. Always wait for the ACTUAL true sustainable results to be published 3. Treat any lack of regular info on production figures as bad news. So in regards to El Limon I look at what actual figures we have. For the quarter ending March 2017 the royalty revenue was $5148 which as can be quickly calculated means at that rate it will take near 100 years to recoup just the first $2m of the royalty. Now if production rate and recovery do improve then that time span goes down and I hope it does. But I note that we have been treated to the familiar long period of news blackout. Where are the figures for quarter ending June, Sept and Dec? My guess is that the revenue was poor or at times non-existent. I say this because the RNS put out by Para on Jan 11th stated: "The operations re-commenced in late November 2017" This suggests operations ceased which might explain the lack of quarterly figures. Either way, it's each to their own here. You can chose to base your decisions of future unproven guestimates and forecasts of production or you can base them on the actuals that have been RNSd. I prefer the latter having seen Shoats Creek and other ventures play out.

Paladin - "There have been resolutions granting the authority to issue shares from the very beginning; it doesn't mean that shares to that extent will be issued." Yep and that has always been the case, I don't think anyone is suggesting otherwise. The history shows however that for most of those years the company did indeed issue tons of shares. Last year, less so. The company doesn't have to request such an allocation of course especially if it truly believed that lots of cash and income were going to come in. Nevertheless, it does so every year as you highlight. It is what it is. A black cloud hanging over proceedings that at any time could result in new shares raining down. What is perhaps more notable/interesting is the size of the allocation requested. Up to 500m more shares. Why so many? Even at say the SP at the time of the AGM, which was 0.825p ish, that would be allocation enough to raise over �4m wouldn't it ? Does RRR need to raise that kind of money? Even if some new venture opportunity arose would it need �4m ?!! Shoats Creek didn't. Note also that we needed EUR 3.8m to engage with Steelmin but chose to back that off with a loan with YA secured on the Jupiter shares. So why precisely does the BOD believe they need authority to potentially double the number of shares in issue and raise such a huge sum of money? It's puzzling TBH. And finally, understand that no-one is scaremongering on this issue. It's simple common sense to know and understand what authority a company already has to issue more shares. Just as it is common sense to know and understand how many millions of options and warrants have been issued and what Convertible Loan Notes there are. All basic research. Odd therefore that most rampers and indeed most broker reports (inc Align Research's) fail to mention this share allocation despite it being in the public domain. Surely if it's just a defacto yearly inconsequential matter, there's no harm in publicising it right ?

Madpat old bean ! Cashflow? How much cash do you think the company has at this point?

Anyone want to hazard a guess as to how much cash is in the bank currently? As at 30th June RRR had current liabilities of �4.8m. The YA loan would have been about �3.1m of that. Steelmin repayment leaves a balance of �976,525.46 and US$912,457.90 (about �1.6m combined)

Which part was garbage Keith? Please do tell. Was it the ridiculous number of years the El Limon royalty will take to recoup? Was it the CLNs? The warrants? Or are you simply relabelling facts as garbage now?