Member Info for stephen_pearce

Hang on a minute..

How am I screwing anyone ?

Zumore, yup, SK has had a couple of wee pops, and totally fine with that. But todays is directed at Legacy Hill. He's done that in another RNS too, maybes the strategic review.

Don't forget, it was due to LH and the JV funding failing, that led to RGM picking up the bill, which led to moi voting down authorities, to stop the waste of cash then.

And to be technically correct, I stopped the non pre-emptive rights, I didn't stop RGM from raising funds via open offer, rights issue, or as is the case right now... via a specific GM.

ffs, wtf do you guys actually read

Scott is having a HUGE dig at Legacy Hill. The plan at MET, was for JV level funding post transaction. Not Plc level funding.

The clue were the words JOINT VENTURE

Tell you what.

How much will you give me if RGM own more than 50%?

Also, could you point us all to the JVA which demonstrates the fund or dilute schedule please.

Anticipated to finish

Wrong

"expected to finish" One could therefore surmise, that for it to be expecting to finish, that it has indeed, STARTED!

50%

http://prntscr.com/qdkbs5

Just check the accounts

What is a Peaker Plant....

https://www.clarke-energy.com/2018/ashford-power-peaking-plant/

Nice to see the new plan & direction being rolled out quickly

Well, as I'm not a regulated individual, I don't give investment advice.

But I could say why I would invest in RGM now.

Corporate.
The structuring & refinancing of RGM puts to bed a troubled past, and a new board make up gives me more confidence than previously. Post transaction, RGM will be circa £3m mcap, effectively debt free with £800k in the bank. That's a good starting point.

Mambare.
Glad to see it coming back into focus, Nickel is doing well, the future of battery tech/ metals looks very positive as the world goes greener.
The asset is already huge, and only 3% explored so far, there's exploration and resource upgrades available. and junior mining stocks can respond extremely well to exploration results.
The recent developments at Pure Minerals, and a rejuvenation of DNi is very positive for RGM, whilst it's an indirect link to RGM. Our JV partner, Vincent, has strong links to Pure Minerals of course. With that link, there's always a possibility of a deal/ tie in/ JV or whatever with Pure Minerals.
Application has gone in for a mining licence.
There's historical gold finds within our land - which hasn't been announced I don't believe, but is public info if you know where to look.

Allied Energy.
I will admit, I didn't pay much attention to this part when RGM acquired the interest, but it is a part of the business that can create revenues. We have an interest in a Peaker Plant, and previously announced that it should make grid connections soon.

And from JP's comments in the last RNS.. suggestion of something new coming in. I've been invested in a JP company at this sort of stage before, and the company went on a crazy rise.

Go on, you're gonna have to explain that one to me..

If it's designed to make me money, how does that happen, whilst at the same time, anyone else investing now won't make money?

Why would it be untrue?

You have access to the same RNS's as the rest of us

Of course you will be aware that the residual debt has NO conversion rights, so talk of that being converted at 0.0275 isn't based on any fact

Get a room!!! :)

Will he?

Don't confuse my approval of changes at RGM, with that of obvious forward selling by some nefarious types.

The 2 things aren't linked.

Need minimum amount of clear days notice before a GM

Most run of the mill placings use existing authorities.

This one is very different, it's 100% conditional on the GM.

If you're familiar with what happened in NEW a few years ago, that was forward sold, then placing pulled. Rules changed after that to prevent such nefarious activities.... In theory :/

The company doesn't authorise forward selling, nor could it.

Stock is issued to clients post GM.

Only a broker of a placee could forward sell. Basically sell on a T20 delayed settlement, under the assumption the stock to replace it is received after the GM.

Moi? 248m of the things

Maybe my last post wasn't quite clear..

Meant to state that I'm not selling out, these trades aren't mine. I do think it's forward selling, and don't agree with those that do it

Not at all, Cashking

But I don't agree with forward selling, and would happily see those doing it burned

150m trade
72m trade
54m trade
50m trade

Plus others..

All TR1 level

Makes ya think doesn't it