Member Info for stephen_pearce

"I wouldn't be at all surprised if before consolidation day Stephens total purchase since his introduction to RGM a couple of years ago exceeds the overall wealth of RGM itself.Good for him if he does ,RGM may have meet their match cos normally they either exit slowly ,slowly or show their hand/distrust of Bell and then find themselves engineeringly diluted out of the equation .Stephens doing the complete opposite to what every other major shareholder has done in the past and its going to be interesting to see if this strategy works.

It should do eventually cos as we all know commodities have a cycle and with Mambare and a clever shipping DNi plan of sorts its easy to see how one day this could multi bag for everyone.Everything rests on the speed in which the team can get Mambare prepared and ready for this eventuality , how far away we are from the commodity cycle itself and how much more dilution there will be while we all wait for it."

That's exactly it!

Quite a few have asked over recent months, why I kept on increasing. My answer always the same, cos I refused to drift off into the graveyard of ex holders with a sore arse. And I wanted to use the only power I had, my shareholding. I voted down the authorities to issue shares at the AGM, knowing that it would cause a period of pain, I literally was prepared to lose the lot, than let things carry on, it was necessary to get RGM to change, and put a stop to the status quo.

I feel RGM is at that point right now

https://twitter.com/spearce999/status/1204020986087170048?s=20

Om nom nom nom

Some old plateau results..

1.45% to 3.28% Nickel !

http://prntscr.com/q88bek

BooBoo

That's the awesome thing about these types of deposits.. They sit just underneath an ash blanket and to a depth of only 25/30m approx. No crazy deep drilling needed.

Previous exploration on the slope wasn't in the wrong position, that would still be mined in any operation of course, but yeah, the main plateau is where we need to focus now.

An already huge resource could, and should be multiples of what it is now.

As you know, we've only explored circa 3% of the area so far, the 162 million tonne @ 0.94% is on the front slope with a tiny bit of the main plateau tested so far.

The radar work at the moment is on the plateau. so we should expect a resource upgrade on that soonish.

As for grades.. I was looking back through old RNS's at the weekend. Some of the historical drilling stopped at the higher grade Saprolite layer, thinking it was bedrock :/

RGM did report higher grades in the Saprolite, will dig out the info...

Suppose that would depend on whether Pure Minerals want to either increase annual output of the plant, or increase mine life.

They have a deal at the moment to supply 5/ 10 years ore and the PFS based on 30 years.

Pure Minerals releases a PFS overnight on the ASX.

To build a DNi plant in Queensland and import ore.

RGM have applied for a mining licence for their Mambare project, on the basis of a Direct Shipping Ore operation (DSO) using toll processing.

Beauty of this plant & PFS for RGM, is RGM now have a viable option in the making, potentially to use a specific plant, with no capex to RGM.

Indeed it does, and that's been the way here for too long.

The exception now is a different board.

Look, the thing is this..

You were invested in RGM many many years ago, and suffered from that experience.

I invested in RGM in 2016, and suffered too.

In similar situations, we're both faced with similar options. I could have sold up, and cried about it for the next decade, or 3. However, I decided to do something about it. Others, and myself are largely responsible for AB leaving, we decided he was the main protagonist for the failings you, and I experienced.

I am the last person to defend RGM's history, it really has been woeful, but and here's the thing... RGM now, whether you like it or not, are more likely to do well than ever before.

It matters not a jot to me, how much you, Zumore et al laugh at me, nor how much history you want to drag up.

It's exactly that, history.

We start afresh, and go again, and God willing, might actually make some bloody money!

Wrong, wrong, and wrong again funnily enough

2012!

And..

"the main reason why you need this to 10 bag just to break even" That's not even remotely close

Scott isn't 100% responsible for anything.

You was blaming AB 100% for a decade, now he's gone, ya projecting it all onto Scott.

Yup, he's been involved in it all, but we all know AB was by far the main protagonist.

Wrong

No they won't own over 30% combined

Try again

I'll graciously accept your apology for wrongfully suggesting that YA/RF will have cheaper shares than anyone else.

So... RGM had circa £1.9m debt in total..

P notes converted = £715k
CLN by Lundy & Co converted = £280k
RRR converted = £145k
P notes retired to 2021 being bought by JP = £290k
CLN by YA/RF retired to 2021 being bought by JP = £440k
CLN to be paid in cash May 2020 = £30k
Total £1.9m

Calculator is your friend

All shares converted/ issued in this deal are the same price, 0.0275p

YA/RF shares locked in, various stages

100% for 3 month
70% for a further 6 month
40% for a further 6 month

Thanks!

BooBoo likes Mambare, he's is/ was a shareholder in the previous version of RGM's JV partner, and is in contact with Vincent there. As am I now, since BooBoo gave Vincent my email addy a bit back :)

We have some common ground, you & I.

I like Mambare, and want to see some effort put into it. Nickel has been on it's arse for years, and now is a perfect time to drive the project forward.

I've had previous experience of JP. I was an investor in IRG before he came in, and that multi multi bagged. Even looking at the SOU chart, some folk made money, some lost money .... 9p to 80p to 3p

Charts like that explain perfectly why some will love JP, and some loathe him... Question is..... Is RGM at the arse end of a chart, or the top...

Like I said earlier.. just a weird quirk of the PNG licencing that you get the renewals retrospectively, but the change to a mining licence will solve that issue.

As for line clearing work, we should have the ground penetrating radar work happening at the moment, one hopes. But would expect an RNS on that at some point.

As for Zumore... he'll be back along shortly, he can take a while off now the SOU brigade are amongst us.

Or.. Maybes Zumore is really JP in disguise, and simply wanted to drive a better deal in RGM :O

Cont....

"This DSO operation would consist of a relatively simply flow sheet with no processing plant, pipeline or tailings. As a result, this plan would be both environmentally friendly and uncontroversial in comparison with similar efforts in the region. A definitive feasibility study is planned covering this DSO operation following the conclusion of this year's work programme. "