Member Info for sniffer78

Fun and games 1.325 to sell all day so all buys today

Hi mate looking forward to Q2 update and any other snippets we get ATVB

Reign Sapphire Corporation, offers the world's first vertically integrated "Miners-Gate to Retail" model featuring specifically colored gemstones, namely Australian Sapphires and Fine Sapphire Jewelry. Reign's distinction derives from its unique approach to its gemstone sourcing, quality and supply chain controls, coupled with its sophisticated, compelling, targeted Brand Identity. Reign Sapphire's all-natural, conflict free, ethically processed gemstones are mined in Australia from verified sources. They are guaranteed natural gems of certified origin, manufactured under ethical and sustainable processes, with the only enhancement being heat treatment of color. Reign purchases rough sapphires in bulk directly from commercial miners in Australia and closely controls and manages each step along the supply chain, from sorting, polishing and cutting to faceting, jewelry design and manufacturing and sales of finished REIGNä fine sapphire jewelry

http://finance.yahoo.com/news/reign-sapphire-corporation-launches-inaugural-022000898.html

Is it just me or does it have the same feel as our Richand Gemstone website :-0 Fingers crossed for some sort of tie up very soon. https://www.reignsapphires.com/pages/the-reign-philosophy

Haha Pat Butcher style lol

Would be great if Richland could make a find like that, always a chance lol :-0 https://www.theguardian.com/world/2016/jan/08/world-largest-blue-star-sapphire-sri-lanka-300m

More of this to come over the coming months, looking forward to more cost savings and strong sales. RLD Improving month on month.

Key elements to the optimisation programme are as follows: · Redesign of tailings treatment and water recirculation circuit and its infrastructure · Infrastructure construction and modifications commenced and were completed post period end · Processing plant changes were made to improve efficiencies and reduce double handling of material. Modifications were made to the primary jigs, scrubber system and feedbin to improve processing efficiencies and their ability to treat different gravel compositions. · A new pilot testing plant was constructed and commissioned to allow run of mine testing as part of the ongoing mine planning and mine development process. Production and Sales Sapphire production totalling approximately 415,456 carats was achieved in the first quarter of 2016 as part of the mine ramp-up process. A total 34,603 tonnes of sapphire-bearing alluvial gravels were extracted and processed at an average grade of approximately 12 carats per tonne. Mining and processing were scheduled to occur whenever possible between the construction and improvement work. Despite the significant construction, modification and infrastructure work conducted during the period the total carats produced during Q4 2015 and Q1 2016 of 1.14 million carats remain above the planned production ramp up schedule over the period. US$231,739 total revenue was achieved from the combined sale of approximately 332,333 carats of lower quality sapphire and corundum at an average price of US$0.70 per carat. Ongoing rehabilitation of areas disturbed by the mining operations continues as part of the operations. Additional voluntary rehabilitation work has also been done to historically disturbed areas as part of the Company's commitment to responsible and ethical mining. Post Period End The majority of required construction, modification and infrastructure work has been completed to enable operations to surpass 800,000 carats per quarter production levels. Following the reporting period sales of approximately US$173,512 of material were concluded. The sales comprised of: o 50,065 carats of lower quality sapphire and corundum at an average price of US$3.17 / carat o 924 carats of higher quality sapphire at an average price of US$15.91 / carat as part of a test sale of a combination of green, blue-green, blue and multi-coloured stones

Reign Sapphire Corporation, offers the world's first "Miners-Gate to Retail" model featuring Australian Sapphires and Fine Sapphire Jewelry. Reign's distinction derives from its unique approach to its gemstone sourcing, quality and supply chain controls, coupled with its sophisticated, compelling, targeted Brand Identity. Reign Sapphire's natural, conflict free, ethically processed gemstones are mined in Australia from verified sources. They are manufactured under guaranteed ethical and sustainable processes, with the only enhancement being heat treatment of color. Reign purchases rough sapphires in bulk directly from commercial miners in Australia and closely controls and manages each step along the supply chain, from sorting, polishing and cutting to faceting, jewelry design and manufacturing and sales of finished Reign™ fine sapphire jewelry. About Reign Sapphire Corporation Based in Beverly Hills, California, Reign Sapphire Corporation is a fully reporting, DTC eligible company, established as a "miners-gate to retail" model for fine sapphires - rough sapphires to finished jewelry; a color gemstone brand; and a jewelry brand featuring Australian sapphires. Reign Sapphire Corporation is not an exploration or mining company. http://www.reignsc.com/ http://www.reignsapphires.com/

https://www.youtube.com/watch?v=oEFTqDrnC8A https://www.youtube.com/watch?v=pYl1zCf8ddg http://www.gia.edu/gia-news-research/montana-gem-mountain-sapphire-mine http://www.gia.edu/gia-news-research/chanthaburi-sapphire-mines-markets-field-gemology http://www.gia.edu/gia-news-research/blue-sapphire-lapis-lazuli-mogok-myanmar-field-expedition http://www.gia.edu/gia-news-research/sapphire-mines-ilakaka-madagascar-field-expedition

Mouth watering if we have a tie up '-) http://client.irwebkit.com/reignsc/presentations U.S. Jewelry Retail Market The U.S. jewelry retail industry includes about 20,000 companies with combined annual revenue of about $33 billion. U.S Jewelry Wholesale Market The U.S. online jewelry and watch wholesaling market was worth about $50 billion in 2014. Jewelry is sold not only by specialized jewelry retailers, but also by department stores and mass merchants. U.S Online Jewelry Market The online jewelry and watch sales industry has grown at an average annual rate of 2.9% over the past 5 years to $9.8 billion. Impressive

Reign Sapphire Launch, July 7th. "We are most excited to be unveiling our exquisite collections of fine Australian Sapphire Jewelry on 7/7/16 Richland EXQUISITE AUSTRALIAN COLORED SAPPHIRES NATURAL GREEN, YELLOW, MULTICOLORED SAPPHIRES Hmmmmmmmmm :-)

Good thinking you maybe on to something Colin's, let's see if we get a update around the same time as launch of Reign Sapphires. ATB

This could be massive for RLD if we hook up at some stage ;-)) Reign's disruptive brand identity is founded upon modern-classical design innovation, infusing "The Reign Style" with strength, power and honor. The brand Reign connects the consumer to a new kind of luxury with ease, with meaning and with concern for the environment, through clean, sharp and simple designs. Reign is an aspirational Luxury Brand with accessible moments, serving a modern consumer with clean, timeless, classic styles for day, night, and red carpet. The Reign Woman is confident; she is regal in jeans, and evidently rebellious in a designer gown. She is adventurous, unapologetic about her style and identity. She is conscious, engaged, witty and smart. She Reigns from Australia to Beverly Hills, with strength and personality, at any age, of any creed, at any given moment. Reign Sapphire Corporation, offers the world's first "Miners-Gate to Retail" model featuring Australian Sapphires and Fine Sapphire Jewelry. Reign's distinction derives from its unique approach to its gemstone sourcing, quality and supply chain controls, coupled with its sophisticated, compelling, targeted Brand Identity. Reign Sapphire's natural, conflict free, ethically processed gemstones are mined in Australia from verified sources. They are manufactured under guaranteed ethical and sustainable processes, with the only enhancement being heat treatment of color. Reign purchases rough sapphires in bulk directly from commercial miners in Australia and closely controls and manages each step along the supply chain, from sorting, polishing and cutting to faceting, jewelry design and manufacturing and sales of finished Reign™ fine sapphire jewelry. About Reign Sapphire Corporation

Lots to look forward to http://www.proactiveinvestors.co.uk/companies/news/126320/richland-resources-now-established-as-sapphire-producer-126320.html WHAT THE BROKER SAYS Broker Shore Capital notes with approval the habit of Richland’s directors of supporting the company with share purchases and, which is the other side of the same coin, by taking substantial salary sacrifice including a 50% reduction and significant deferral. Shore provides the additional commentary: “Shore Capital visited the Capricorn operations in early September 2015. We were encouraged by Richland’s drive to better understand the geology and distribution of the sapphire-bearing gravels (‘wash’), and the company’s systematic approach to ‘de-bugging’ the existing on-site processing plant (which came into the company’s possession as part of the project acquisition transaction). Looking ahead, we are expecting sales of higher-quality stones to occur in Q2 2016. We look forward to the results with great interest, as we expect prices to be similar to (or even exceed) the US$14.30 per carat achieved in September 2015’s inaugural ‘customer specific’ parcel of ‘eye clean’ stones.”

Long term shareholder ashwath mehra Loan Facility The purpose of the Loan Facility is to provide the Company with additional working capital and financial flexibility as it continues to build various sales channels to best position it to be able to achieve optimum prices for its material and develop markets and buyers for its entire range of production comprising over 120 different categories of gemstones with varying grade, size and value characteristics. The Loan Facility is unsecured, has a 12 month term from the date of the loan agreement and bears interest at a rate of 10 per cent. per annum, payable quarterly in arrears. The loan agreement includes customary terms and conditions for a facility of this nature, including a condition that the Company will not pledge or charge any assets to any other creditors without the prior consent of the Lenders, such consent not to be unreasonably withheld. Early repayment is permitted subject to the Lenders receiving a minimum interest payment of 7.5 per cent. of the total principal amount of the facility. Of the US$500,000 Loan, US$300,000 has been provided equally by two Directors, Edward Nealon and Nicholas Sibley, each providing US$150,000, with the balance of US$200,000 provided by long term shareholder Ashwath Mehra http://finance.yahoo.com/news/miraculins-appoints-ashwath-mehra-board-121800052.html

Afternoon not sure TBH, likely investors expecting profit Q1/2016 rarther than Q2/Q3 2016. Mannnan each month the company is reducing operation costs and expanding the sales channels, also end of Q2 plant upgrades coming to completion enabling further production ramp ups towards 800,000 + CT's per Quater. Q2 production target likely to be hit with 600,000 and further cost cutting, also BOD on 50% salary reduction since 2013, and options at 3.5p on hold till firsts Quater profit is announced. ATB

Post Period · Higher quality sapphire sales of 924 carats at US$15.91 / carat achieved from test sale of a combination of green, blue-green, blue and multi-coloured stones · Continued sales of lower quality sapphire and corundum mined prior to Q2 2016 o US$158,812 total revenue achieved from sale of 50,065 carats of lower quality sapphire and corundum during Q2 to date o Average price per carat of US$3.17 achieved · Majority of infrastructure work, modifications and improvements completed to allow for ramp-up to above 800,000 carats per quarter · Increased sales of material already mined, sorted and graded is scheduled during the remainder of Q2 · Phase 1 JORC Resource work completed and with final independent report expected in Q2 2016 Commenting on the results, Chairman, Edward Nealon said: "Q1 was in a sense a breakthrough period as we used all of the knowledge and data gathered to date to implemented major changes and improvements across all aspects of the operations. From the start we decided to develop and optimise all aspects of the operation, from mining, processing, sorting and grading to sales and marketing, while in production and revenue producing. I believe we are making good progress on both the operational front as well as on the development of our sales and marketing channels. We continue to develop the project ahead of target and with very strict cost control."

I couldn't agree more no shafting shareholders here, most other shares would of been fooked over with heavy dilution so BOD could line their own pockets. Well done RLD BOD nice to see. Also makes you think what's coming as we expand sales and get costs down further, they could of pushed for selfish placing great news.