Member Info for stephen_pearce

FFS!

Do you like read something then take it as the exact opposite?

The Vanadium deal was the last straw for me, since then I've been more activist than supporter.

All you guys gotta do is work out why now

Crack on

Dude

Read the RNS again, then again, then get an adult to explain it

Not 1 cent of that money HAS to be paid, nor is it all owed to our partner either

There you go again with your £4m

Nope, it don't

Stop zigging instead of zagging

And the company has stated it's carrying out a strategic review, we will see those updates.

For me, things changed with the announcement of the Vanadium deal.

As this is a public forum, I have to be careful what I say of course, but if you can find it, look at the vendors/ shareholders and the timing and urgency of pushing that deal through.

Actually rather surprised none of you lot have done your DD on that deal yet lol

Zumore

The Jan CLN was a rework of the original and a smaller part from a PI, the £676 wasn't in addition.
The 25 March RNS states how much loan is left outstanding.

Joe/ Cashking
You tell me how much, instead of making leading statements as fact

BooBoo and everyone else
You're all seemingly misunderstanding me. I am not defending previous actions here, and for some time, I've been leveraging my position to stop the status quo here, and to get fresh blood in, stale blood out.

I aint just going to drift off with my tale between my legs.

What I am saying, is with Scott, Nigel & Ewen, we should give them chance to deliver.

The only thing we "know" is the £750k loan, plus plc costs

Everything else is optional

Well, as announced, the outstanding loan liability to the Plc is circa £750k, not £1.5m

The other £500k you refer to, isn't a plc liability, it's project level. (plus the sum is $$$ not £££, but small detail)

Saying RGM require "£4m to remain a going concern" is highly inaccurate and misleading.

BooBoo, can you break down and explain your assumption RGM need £4m

Nonsense.

Andrews time at the helm is over, fact.

Give the new guys & Scott a chance, then judge them..

Scott has been tarnished by association for years, no-one disputes that.

He's a very different person to Andrew.

Scott now has the opportunity to prove himself on his own merits, it's over to him.

Andrew has lost control whilst he remains on the BoD here, remember its a 4 man board with Nigel holding the casting vote in the event of a tie, being the Chairman.

Ultimately it's now down to Scott to show what he can do

I haven't increased or decreased my holding whilst these guys have been going through the DD.

I have been officially inside while dealing with Scott

Very happy with these 2 appointments, and that as Scott as CEO.

1 more board change and we're away hopefully.

Known about these appointments for ages, hence having to be quiet

You do of course, understand the impact of not passing Res 5, I assume?

To confirm a few things, and back up what AB said in his interview yesterday.

Some shareholders, me being one, went along to the AGM during which, we nominated 2 new directors to join the board.

An agreement was made, where AB would step down to a NED, and the 2 new guys would take the CEO and Chairman positions.

It was all very polite, gentlemanly and respectful, but a surprise to AB. I will say, he acted with total class, and respect to him for that.

The incoming CEO addressed the room after the meeting.

AB supports the new guys, and they will work together in transitioning the company.

Whether AB wants to stay on long term is an unknown, and will be his choice, but he does have a wealth of knowledge about RGM.

So, instead of guessing... why don't you wait for the names of the 2 new guys to be announced, and then look at their recent track record.

(btw, I aint one of them)

If you listened to AB's interview yesterday, he tells you what happened at the AGM

And what to expect now.

Zumore

The coal previously supplied to Dominion power station was a blend of MET coal & 3rd party coal, mixed to reduce the quality to satisfy the requirements of the power station.

The new site Kilgore, close to the power station isn't MET coal, it doesn't need blending down with 3rd party coal. It is already suitable for the power station.

Kilgore, should be able to fulfil the power station contract on it's own, when running full steam ahead.

Of course, still a potential to use 3rd party coal to satisfy the contract, but not at the same levels as before for blending etc.

Calm down chaps!

The new CEO & Chairman will be announced shortly

All will become clear

Those share pledges are charges by YA on assets of RGM, secured loans on those assets. Old transactions.

The satisfaction of charge is clearing off the security.

Think like a second mortage/ borrowing on your own home. Normal practice for that lender to have a charge on your house in case of default.

BooBoo

Do you know what happened to the Perth pilot plant? Is it still there?