Member Info for MrMagic

"Further sale of UKOG shares at 7p. Nice profit" First sale purpose: "The funds realised will enable us to fulfil our stated intention of increasing our holdings in Curzon Energy plc at IPO." Second sale purpose: "provide liquidity and derisk and rebalance our portfolio of interests." ! Hmmm

What a pile of crock Mullins ! AB fails to sell all the UKOG shares despite them being in good profit and your article concludes that this must mean "Stephen Sanderson has reassured Andrew Bell that their UKOG invrestment has further to go" ! Are we implying insider info there then? A load of old cobblers imo. AB has form here. He similarly wielded the Jupiter shares at RRR and despite those being in huge profit (worth over £25m at one point) he similarly failed to sell them all at that high price and, just like Nero fiddling while Rome burned, he sat on most of the shares whilst the JMS SP tanked. Could have had £25m in the RRR coffers, instead, embarked on years of "death spiral" financing with Yorkville which imo destroyed the SP and all value for shareholders. One could have predicted with monotonous regularity that AB would not sell down all the UKOG shares, just as I could have bet my house that he wouldn't sell them and pay down the outstanding $1m Convertible Loan Note with Yorkville here. Nothing AB does surprises any more.

Predictably hasn't sold the lot to liquidate profits for shareholders. Predictably hasn't sold the lot to pay down the $1m Convertible Loan Note with Yorkville.

"What do u think about paying the loan off using some of the UKOG windfall?" I think that essentially you just don't understand this BoD booboo.

booboo - "York can't have that many more shares to dump onto the market" I'd say that was a very misleading statement TBH. The number of shares in issue can be traced back perfectly from the RNSs since March before the Yorkville CLN was announced thus: 28 Mar - Total Voting Rights stated as 484,898,138 04 Apr - Placing of 32,020,493 shares - New total 516,918,631 05 Apr - $1m Convertible Loan Note announced 06 Apr - 5,119,658 Incentive Plan shares - New total 522,038,289 10 Apr - 500k warrants exercised - New total 522,538,289 21 Apr - 2,175,000 warrant shares - New total 524,713,289 02 May - Placing of 33,999,996 shares - New total 558,713,285 08 May - Tethers fundraise of 17,777,779 shares - New total 576,491,064 02 May - Total Voting Rights stated as 576,491,064 Today Regency Mines website states total shares as 576,491,064, website last updated 6th July. Thus we know 100% that Yorkville HAD NOT converted any of the $1m CLN at least up to 6th July. I believe as Zumore does that any conversion would have to be RNS'd because any increase in the total number of shares in issue has to be announced otherwise shareholders can't tell whether they need to notify or not. So, wishful thinking on your part that the CLN was underway. IMO it still hangs over proceedings here like a dark cloud waiting to be exercised at its 10% discount rate.

Good to see the deal has completed after some 7 weeks of waiting. Usual suspects will take the opportunity to overhype the cash sum of course. £1.3m is just £1.3m. For perspective, the recent Interims (published Mar 31st) put the Admin and Finance costs at £287,359 for the 6 month period which equte to £574,718 for a year. Then there is the $1m Convertible Loan Note still in place with Yorkville (announced April) WIll AB actually sell those UKOG shares immediately to realise the profit for shareholders? If so will he use the cash to pay down the Yorkville CLN? Speculate as necessary. Personally the answers are No and No for me but each to their own. Hardly transformative imo. Okenia ~ "31 HHDL shares still held (value = ??)" Well if we just sold 19 shares for £323,000 then simple math suggests that the remaining 31 shares are worth a mere £527,000. Again pretty much the same amount that AB burns through in Admiin and Finance costs alone. Overall I am with Cgull here. It feels kind of like the hapless punter who thinks buying lottery scratch cards is a good strategy and having lost an absolute ton of money to date has just had a £10 win ! DYOR.

It is almost a full 7 weeks now since AB announced the partial sale of RGM's HHDL share and the proposed investment of some of the proceeds in UKOG shares. Really why should such a sale take this long? The RNS stated: "The transaction is conditional on all relevant approvals being received" One wonders why those approvals were not sought from the outset and before any deal was agreed/announced? With the rampers having hyped up and waxed lyrical about the potential value of UKOG shares that RGM would acquire should the deal complete, I can imagine the SP would now plummet were the deal to fizzle out and not gain the required approvals. 7 weeks of delay to sell a few shares seems a tad worrying imo.

cgull - "The UKOG deal was misrepresented in the RNS as being a "done deal" which merely needed completing" Not really in agreement with that. RNS clearly stated: "("Relevant Price") as at the date of completion of the sale" and "The transaction is conditional on all relevant approvals being received" Very clear to me that the deal isn't complete and hangs in the balance. The various shameless rampers across the net of course have presented it as though it had completed and have been talking about RRR's UKOG shares and their value ! Clearly market abuse because there are no such shares at this moment in time unless I have misinterpreted the RNS.

Really Zu? Do you remember the Jupiter shares that AB wielded at RRR? They were worth well in excess of £25m at one point. Did he sell them and create an AIM company with £25m In the bank??? Nope. He sat on most while their value tanked and instead embarked on years of "death spiral" dilution fundraises with the likes of Yorkville, Cornhill and Magna.

Dreaming Screech I'll lay you a wager if you like. IF the deal completes and RGM get their UKOG shares then I bet that: 1. AB won't sell them in 2017 2. AB won't pay off the $1m Convertible Loan Note with Yorkville

lols Greets And someone else sold 1,000,000 yesterday at 0.618p and then 1,500,000 at 0.618p and over 500,000 at 0.58p And today 1,500,000 at 0.60p So that's about £24k worth sold at the bottom end. I guess they don't have any confidence in the future of RGM !

Okenia, that post is so laughable it deserves a place on the Jongleurs entrance hall ! Okenia - "if RGM get the shares now they'll be able to sell them and make off with a massive wad of ££££ like total heroes." I hear this kind of nonsense all the time from shameless promoters. You talk about company shares as if they were yours and what you would do with them. Problem is they are NOT your shares. How likely is it that AB would actually sell those shares? Not at all likely imo. What's the track record like for company investment shares ??? Okenia - "£1.4m in cash will be utterly transformative for RGM if it comes through - that's hard to argue against I would say." Oh I do like a challenge. Right then let's see how hard it actually is to argue against that point. As ever, let's takea look at the real finance situation as stated in the last report (Interims Mar) For the 6 month period: Admin Expenses £267,759 Finance Costs £19,600 ================== Total (6mths) £287,359 Annually then those costs come to £574,718 Current Liabilities £733,241 Liabilities + Annual Admin/Finance Costs = £1,307,959 Well wouldn't you know it ! That's just about the £1.4m you are harping on about. Hardly transformative. It's simply obvious where the money will disappear to. Nothing there for shareholders that I can see. Same old.

The partial sale of HHDL and purchase of UKOG shares was initially agreed way back on 7th July, but the transaction has not yet completed and is conditional on all relevant approvals being received. It will be a full 6 weeks this Thursday since that initial agreement. One begins to wonder if those approvals will actually be received. Why is it taking so long?

Yamin "This looks dead" Yep, it just hasn't stopped twitching yet. The previous highs were imo predicated on the Roas Coal ramp but now that some people appear to believe there is no production there, that ramping angle has somewhat fizzled out. The board stooges are likely just waiting for something new to get their ramping teeth into. Meanwhile Yorkville are still hanging over proceedings with that $1m Convertible Loan Note. Nothing changes imo.

Greets - "UKOG shares" There are no UKOG shares until and unless the deal completes which it has yet to do. The deal was "signed on 7 July 2017" which is now a month ago and yet there has been no RNS stating that the deal has completed. Odd that.

lols. You didn't seem to like the wager I put to you though Mumbles. It was in 2 parts: 1. I bet you that by the end of 2017 there will be more shares in issue than there are today 2. I bet you that at the next AGM AB will request authority to issue shed loads more shares in 2018 Guess you must agree with me on both issues.

"anyone want to counter offer??" I'll make you a different bet. A bet in 2 parts. I bet you that by the end of 2017 there will be more shares in issue than there are today I bet you that at the next AGM AB will request authority to issue shed loads more shares in 2018 Loser doesn't post on this board for the whole of 2018. Is it a bet?

Lots of them in the past couple of days. More on the secondary market too (Nex Exchange) here: http://www.nexexchange.com/member?securityid=2074408 Just an observation nothing more . . .

@Mumbles from a cursory glance nothing more I see that Mosman OIl hasn't requested authority to issue shed loads of shares at its last AGM. I'm sure there are lots of other AIM companies likewise. As for advising you on a better share, that I cannot do as i am not an IFA so not qualified to give such advice. I simply find it interesting that people promote shares which are or have been heavy diluters and/or which expend high amounts of cash on admin and expenses compared to revenue brought in. RGM is showing 8% down today so your rampy prediction of 1p is not looking good at this point.

mumbles - "I suspect a rally to above 1p will happen this month without news, " lols. Work it work it ! Enjoy your 10%. There are tons of better companies out there worthy of our hard-earned money. For starters, every AIM company that doesn't have a $1m Convertible Loan Note with Yorkville and every AIM company that hasn't already gained authority to issue a shed load more shares !