Member Info for MrMagic

and by "opportunity" Mumbles you mean of course the opportunity to buy shares, then ramp them for all they are worth on some fanciful "jam tomorrow" basis and then pass them on to suckers who believed the ramp. Rinse repeat. Yep clearly an opportunity. Of course you could just as equally take the opportunity to stand outside your local Post Office and mug the first pensioner that comes out with their weekly pay packet. I guess it's all just one big game eh?

mumbles: "Now the decks are clear" Funny man ! Decks clear lols There's a $1m Convertible Loan Note outstanding with Yorkville. The company sought and was granted authority to issue up to 600m more shares here Rosa looking to be a damp squib, the naysayers starting to be proved right on that one. The use of AB's classic "Friday night after hours RNS" trick says all there needs to be said. I would not be surprised to see this drop right back down to 0.40 levels . Already shows 12% down this morning.

I think you miss the point Stephen. The 4th April RNS clearly states "Mr Stephen Moscicki" and clearly states that he had a 6.19% holding. He should therefore, imo, appear on the company website under significant shareholders. End of.

"Now, without a TR1, RGM don't know where SM holds his shares, in certified form or nominees. So RGM therefore cannot show how his shares are held" Can't see how this matters TBH. RNS of 4th Apr stated: "Mr Stephen Moscicki ("SM") will have a total holding of 32,020,493 Shares in the Company, or approximately 6.19% of the enlarged share capital" This means SM was at that date a significant shareholder. RGM imo have a duty to list him as such on the website (doesn't matter where he holds those shares his name should be up there imo) His name should stay up on the website surely until SM informs RGM that he is no longer a significant shareholder. Therefore, why does his name not appear on the website ?

Okenia - "So ... If SM sells down and crosses a threshold as a result of selling (as opposed to dilution) then he has to tell Regency. They then need to inform the market. Regency can't disclose if they've not been told by him. The responsibility is solely with SM to make the disclosure - irrespective of whether his shares are held as certs, in nominee accounts or whatever. " Whilst that is the case Okenia, AB also has a duty to accurately report the Significant Shareholders on the company website. If SM has previously been a Significant Shareholder and if he has previously been listed as such on the website, then given he is not listed currently, the implication has to be that he is no longer a Significant Shareholder. I don't personally know if he was previously listed as such on the website though but perhaps others do.

Friday night RNS to bury the bad news away. 10th Jan "We now look forward to working alongside Stephen Moscicki and his team at CMC to realise the great potential of this project. We have in him an experienced partner who owns several producing coal mines elsewhere in the United States." 28th Jul "Ongoing deficiencies in local management and organisation have become clear over the past months and these have manifested themselves through delays in production and reporting procedures at both projects"

Agreed Colin. FRankly, if there were any good news regarding Rosa it would have been announced way before now. The long lack of news can only be, imo, bad news. Which is presumably why this pump has been going on (it's pretty shameless over on ADVFN imo). For me it was inevitable, the moment they made the announcement of the $1m Convertible Loan Note with Yorkville. that the board would be habitually plagued with P&D crews. Buy, hold or sell, just do the research imo and don't get sucked in by the stupid ramps of fantastical SPs.

Thing is Mumbles old son, someone, who held a large number of RGM shares, sold them down. We can speculate whether it's SM or not, but in the end, it was someone, and they were obviously not confident of the "jam tomorrow" stories. Ah but of course, they probably just needed the cash right ?! lols

Hi Blingy Firstly note the board has now moved to MYN Secondly, for the record, I have never suggested the Pemex opportunity will collapse or fall flat, simply that it is nothing but a Letter Of Intent at this stage. It's a great opportunity and should provide good value if a decent deal is eventually struck. I suggest however that it will be months before such a deal is finally completed, signed and ratified. On that basis the more immediate concerns imo are cash funds for the here and now.

Best ignored imo. Quite likely they are a shorting crew or placing flippers. Either way, you identify them by their traits: - They trade in insults not facts - They peddle rumours not facts - They won't talk about hard cash, revenue, income and lack thereof - They won't talk about placings, share issues, fund raises - 99% of their drivel is uncertain or unconfirmed future potential, "jam tomorrow" - They are collectively posting 100s of posts day in day out, pumping the stock for all its worth - Many of them are often found to be operating multiple accounts Every AIM stock has BB groups like this imo. Stick to the hard facts. Read the Annual Report, read the RNSs.

still flogging the mythical jam tomorrow for all it's worth. Still not one able to answer the simple question, where is the money going to come from? Revenue $841,000, Admin Expenses $4.3m (as at end of year see Annual Report) These posters will, imo, hold you by the hand and walk people right into the next discounted placing. DYOR, read the last Annual Report.

Sorry Bigtimber but that rhetoric just comes across as utter nonsense. There are no free lunches in this world. NCT posted a $6m loss in the Annual Report. It's revenue is tiny compared to its overheads as previously posted. No-one is going to simply cough up the deficit on NCT's behalf. Some simple maths. Take just the $4.3m for "Other Administrative Expenses", we'll ignore the huge key management remunerations and any other company costs. $4.3m equates to $358,333 per month or �273,067 per month. Thus far this year NCT has raised �950,000 via discounted placings which, if it ALL went on expenses would cover about 3.5 months worth. Of course it didn't all go to expenses so much less than 3.5 months worth will have been covered. We are now in month 8. One presumes therefore that bills, expenses, overheads need to be paid. So, between now and Christmas, in the real world, in the here and now, where is the money going to come from? Leopards do not change their spots. The Pemex deal is imo months away, all there is currently is a Letter Of Intent. There will follow lots of negotiations, documents drafted, terms agreed and drawn up by lawyers and all the rest of it. As I said before, jam tomorrow will not pay bills today. I'm sorry but in my personal opinion, a placing is nailed on and likely imminent, I would think a share consolidation also likely to be nailed on as the company tries to rebrand itself and attract new investors. We have already seen, imo, from the 2 earlier discounted placings that existing holders are wholly expendable. It's a simple case of revenue vs expenditures. All the signs are pointing to it imo including the relentless ramping, rhetoric and sound bites from some on this BB. I don't trust those posters one iota. Caveat Emptor.

"Given some were given to him in-lieu of other payments I guess 0.028p is better than nothing." As Peckham correctly states, ANY trade by a director would have to be immediately notified. As I have pointed out numerous times, this selling has been going on since late June where they were happy to sell at 0.026p. Bear in mind that the SP has (afaik) never been at a level where you could buy under 0.026p, that means the seller is either so desperate to exit that he/she is taking a loss . . . or it indicates someone who got cheap shares who is busily flipping them. If there are other possibilities lets have 'em. Note that the March placing was at about a 33% discount to the prevailing SP. The SP here has been sat around 0.03p for some time. A 33% discount to this price would be a placing at roughly 0.02p. Anyone taking up such a placing offer would likely be very happy flipping at 0.026p-0.028p prices for an easy profit. We are speculating but I always look for the tell-tale signs of an imminent placing which imo include: Lots of large round sell trades A marked increase in board ramping A flurry of updates by the company Proactive Investor or equiv interviews and maybe the odd paid for Broker Report appearing Watch for the signs imo, don't get mugged. As RachelsDad states, if there is a placing coming I also think a share consolidation is a foregone conclusion as imo, serious investors/players don't bother with penny stocks let alone stocks at 3 x 100ths of a penny ! Changing the company name achieves little imo, it's juat a sticking plaster. The fundamentals still apply, revenue vs expenditures.

So another 30m shares sold at 0.028p today. Really starts to look as if a placing is being worked imo but pure speculation on my part, other views welcomed.

Blingy - "If I'm naive in believing this may be the way forward let me know" I respect you Blingy given your large holding but if I am honest, the history speaks for itself. Wind back to 22nd Mar and review what you posted: 21st Mar - "Another 10% drop nearly for no reason at all Totally gutted . . . I stand firm but slightly wavering" 22nd Mar - "Just got off phone from randy and had a full hours chat . . but notifying broker of my 3% holding and to confirm that and im more than happy with my investment and happy to hold and even add whilst this low . . . I have also been concerned with sp and hope this will rise shortly" 23rd March, the company drops a 1.4 billion share placing at some 33% discount to prevailing SP thereby decimating your 3% holding. A month later the company did it all again, another 1.5 billion shares at 0.0315p. You were on the phone (!) to the CEO for a full hour the day before that happened still thinking all was a bed of roses. You tell me, do you think you were a little naive?

Indeed which begs the question who are these people ? Clearly not genuine investors because any half serious investor would want to look at that Annual Report, discuss the income vs outgoings and the placings. Another 10 million were sold today at 0.028p. Yesterday a 25 million and a 32.5m both @ 0.028p . These sustained sells have been as low as 0.026p. Who is exiting and why? What do they know? They must surely believe bad news is coming.

Still not answering the question drillingcrew. Annual Report stated Revenue - $841,000 vs Other Admin Expenses - $4.3m Key Management Remunerations - $808,000 So far this year NCT has dropped 2 awful placings at significant discount to the prevailing SP which have imo killed the SP, killed sentiment and killed volume. Those 2 placings raised a total of £950,000 ($1.26m) The Revenue figure of $841,000 barely covers the Key Management Remunerations of $808,000 So where are the remaining $4 million going to come from to cover the Admin Expenses? Be honest

drillingcrew - "when the letter of intent is converted to 'the real deal' I would suggest that would answer Tragic's laborious question "where's the money coming from?". It is coming in the form of a conventional business banking facility" This is a rather silly statement sir if I may say so. It will be quite some time before they get into meaty negotiations and finally strike a deal (which isn't guaranteed BTW). It is also subject to "the completion and full commissioning of the Facility and all appropriate permits being in place" as per the RNS. Once again this is all future "jam tomorrow". I will ask once again. Where is the money going to come from to pay the bills TODAY and to fund the SCDI work to install the gas lines ($450,000) ?

I note that Orslega continues to flaunt the LSE rules by stating things he has allegedly heard or been told but which have not been formally announced via RNS. e.g. 06:40 post claiming he has details of the gas model which must therefore include all costs, none of which have been RNSd. Such posts should be removed.

LM#14 gas sales are a ways off. If you want to take the time estimates in the RNS at face value then good luck to you sir. Experience tells me that timescales tend to slip fairly significantly, just look at the drill for LM21/22, supposed to have happened late 2015, then supposed to happen May 16th ish, and now anyone's guess, slowly slipping into obscurity. Imo gas revenues won't start until the new year but that's just my personal speculation. Either way, the difference between revenue and outgoings is $millions and so even if gas sales do begin in November, we are virtually at the end of the year. Quite aside from the funding needs for expenses/working capital/salaries etc there is now some level of funding required for the gas tie-in installation as per the RNS. Where is all this money going to come from? The market imo knows/suspects as the precedent has already been set this year. Share issue has so far been increased from 6 billion to 10 billion and the shares were issued at significant discount to the prevailing SP, some 33% discount, and as a result of that dilution imo, the SP has tanked to current levels. It is surely for this reason that, no matter what news is announced, the markets don't appear to "bite" the hook and the SP goes nowhere. It's an unfortunate situation because it means all the good news is actually going to waste. I don't subscribe to your fanciful notion that a raise would be done well above current SP but I suspect you are just playing with terminology there. The only relevant terminology is the PREVAILING SP at the time of any placing. Given the last 2 placings were at a large discount to the prevailing SP at the time, common sense suggests that any subsequent placing will also be at discount. A 33% discount to current 0.03p levels would be a nightmare for holders imo.