Member Info for zumore

turns out to be loss making them surely this mcap will be diving well under a million?

I can remember 3 or so years ago RGM had a £400,000 mcap. Included in that £400,000 mcap was the Mambare asset. These days RGM also have an huge amount of debt and so this company soon going well under a £1 million mcap again wouldn't surprise me.

But it seems a very unhealthy relationship that Paul Johnson has with his fellow big shareholders who loyally follow him into shares. Just from my observations it seem all to the advantage of Paul.

(1) Paul seems to quietly buys into a company.

(2). Then he let's people know what he's bought and more times than not his loyal big money "friends" will also buy in.

(3) Then here's the unfair part. It seems Paul's "friends" are not allowed to sell until Paul's offloaded his shares.

Paul had 60 million RGM shares but now he has just under 40 million. No doubt he is decimating this share price and of course he's crushing the value of his loyal "friends" big shareholdings.

I cannot believe they are so subservient. Let's be honest Johnson lured them into this mess by bizarrely telling them Andrew Bell was "the recovery man of AIM".

They should show some backbone and stop being Johnson's little ×××+h and tell him he should hold his shares why they sell up first.

"Regency owns liquid assets that it can sell to fund operations, the most significant being its 8.9% stake in Curzon Energy Plc, listed on the Standard List of the London Stock Exchange. The value of this holding in Q4 2018 was approximately £120k"
......

They are now worth around £70,000. I recall Andrew and Scott invested £575,000 of RGMs money in Curzon. So dire investment.

RGMs Curzon energy (czn) investment looks another atrocious investment by Andrew Bell and Scott Kaintz. It's so far down 24% today.

Now barely over 1p and the undynamic duo paid 10p for their Curzon shares.

on 1st March 2017. He had just had a meeting with Andrew Bell to discuss RGMs coal projects. He then posted some twitter notes about his Andrew Bell meeting:

(1) "#RGM Meeting notes: meeting reinforced my long held belief - AB is recovery man waiting for his opportunity - this has arrived with coal opps."

(2) "#RGM Meeting notes: clearly shifting fast from past underfunded biz, to now well backed then 2 self-funded revenue generator.Strong dynamic plan"

(3) " #RGM Meeting notes: pace of development surprised me. Positive partner relationship working efficiently together to deliver production asap."

(4) " #RGM Meeting notes: full reveal of potential best demonstrated on production, when estimation turns to facts based on volume & price."

(5) "#RGM Meeting notes: recognition of need to inform market of developments, especially as events unfolding very rapidly"

(6) "#RGM Meeting notes: alongside Rosa scaleability of project portfolio very significant. Rosa looks to be first coal project of a number."

(7) " #RGM Meeting notes: Rosa will be significant asset, and clearly Co. transforming on first and thereafter ongoing production news."

(8) "#RGM Meeting notes: Rosa on track as per RNS & coal sales on schedule this month."

(9) "#RGM Mtg notes: lots of DD work gone in to assess and structure Rosa & new opps. Therefore strong confidence in delivery potential."
................

Of course gullible PIs loved seeing Paul Johnson's meeting notes but Rosa ended up being a scam.

How the hell did Andrew Bell not get sacked or imprisoned for this because the RNSes and RGM tweets back then were littered with lies and PIs lost fortunes based on those lies.

I still say it was one of the biggest AIM scandals of 2017. RGM were making out they had two coal projects on the brink of coming into production. This is Andrew Bell's comments from the 27th March 2017 Rosa coal mine update rns:

"Progress has continued, with necessary adjustments to the permits to enable use of a higher capacity drilling method creating only minor slippage in our timings. We expect sales and movements off site of mined coal in early April; we may achieve (but may just miss) our more ambitious target of first mined production by the end of March. This is a great milestone for us, and further announcements will be made as we bring the mine on stream"

In 3rd May 2017 rns Bell said:

"We are very excited with the opportunity presented by the expanding coal business within Regency. Following the extensive work undertaken in recent months Regency now has access to numerous coal projects and has been structuring the transactions surrounding each with a view to maximising the return available to equity, warrant and option holders in the Company. This work has very recently identified certain additional steps that can be taken to accelerate project two into earlier production. Given the substantial benefits this acceleration will provide we have chosen to take a small amount of additional financing to secure this acceleration.

The Company is currently at a vital inflection point. With two projects now coming into coal production revenue in the very near term, the validation of our strategies will, we believe, become increasingly clear to investors.

These are exciting times and the Company looks forward to providing further updates shortly"
......................

During that period RGM, Paul Johnson, Greets, and the rest of Johnson's boys were swamping twitter and saying how great RGMs coal projects were.

Nothing happened. Silence descended and then RGM quietly slipped in reports that they had written off near £900,000 invested in Stephen Moscicki's Vali carbon corporation and then over £1 million had been written off that RGM invested in Stephen Moscicki's carbon coal corporation, which was Rosa coal mine. So near £2 million squandered.

Since then RGM have joined forces with Legacy hill resources and invested $2 million in another USA coal project. It's been producing for almost 7 months but RGM won't say whether it's making profits or losses. The silence suggests to me losses.

Lots of those coal pumpers of 2017 https://www.regency-mines.com/investors/shareholder-information/major-shareholders/ are now well and truly stuck in this. Bear in mind in spring of 2017 this share price hit 1.30p. But huge dilution since, also huge debt, now 0.25p, also no sign of any new suckers buying in so they can escape. So their investments look doomed.

If this company is still around in a year, then i predict well below 0.05p.

Yes i agree booboo, it looks pretty bleak here.

I also think these adjournments are because the large shareholders first want to see a new CEO and Chairman appointed because i'm suspecting they have little trust in Bell or Kaintz. If yesterday the large shareholders had foolishly allowed RGM to disapply the pre-emption rights. then Bell and Kaintz could quickly hand a shedload of shares to YA; they could also do huge placings without offering the large shareholders any, then before you know it Bell and Kaintz would have regained all the power, then no doubt Bell would quickly be back to being CEO / Chairman and the previously large shareholders wouldn't be able to do a thing about it because Bell and Kaintz would have diluted them into oblivion.

So i'm suspecting these adjournments could continue until a new CEO & Chairman is brought in. So i think they are very wise not to trust Bell and Kaintz.

Wow what a pickle the large RGM shareholders have got themselves in. Whichever way i look at it i think this share price will be multiples smaller within 12 months.

"The adjourned meeting to consider AGM Resolutions 4 and 5 (authorising the Directors to allot equity securities and disapply pre-emption rights) has been deferred to 12.30 pm on 25th February"
...............
A reminder of what pre-emption rights are: https://www.informdirect.co.uk/shares/what-are-shareholder-pre-emption-rights/

So Bell and Kaintz want to get rid of these pre-emption rights and then they won't have to offer the large RGM shareholders a chance to buy any new shares in any new share issue. Which would mean the present large shareholders stake in the company would soon get obliterated if Bell and Kaintz issued new shares and avoided offering any to the large shareholders. So of course those now large shareholders would soon become much weaker shareholders if that happened.

Also in May 2019 RGM will start repaying YA back $50,000 a month until Feb 2020 (so ten payments). Then come 28th Feb 2020 RGM will have to repay YA one big bullet repayment to pay off the remainder of the YA loan.

Now correct me if i'm wrong (maybe Stephen) if you large shareholders hold firm and don't let RGM disapply your pre-emption rights, then RGM won't be able to pay YA those $50,000 payments + bullet payment by issuing YA new RGM shares? If that's true then you should all hold firm or else you and all other RGM shareholders would get diluted into oblivion by YA.

This is a funny joke to end on.:) Why don't RGM make those $50,000 repayment to YA from the forthcoming coal profits. :)))

"Where is that HarryAIM gone from here Bamboos or whatever he was called? That guy was unbelievable!"

Yes indieed he is. He's a shocker alright! And Harry and Bambos are the same person. If not we have two conman.

Fortunately reporting won't help because admin take a well earned break at the weekends. So this is not going anywhere.

got adjourned the mid RGM share price was 0.375p. After todays second adjournment it is 0.225p.

I can't imagine they are happy.

And just because Bell was recently re-elected director and Kaintz was a year or two ago, that doesn't mean the ineffective duo shouldn't be sacked or asked to step down in disgrace. I mean they invested near £2 million with Stephen Moscicki and rather bizarrely they never went through the courts to try to retrieve back that money.

They should be sacked because they offer nothing to shareholders and they certainly don't entice seasoned AIM investors who know all too well about Bell and Kaintz dismal track record.

Yes cgull i agree it's absolutely scandalous. In exactly two weeks time the JV would have been operating this USA coal mine for 7 months. Shockingly he still won't say if they are making profits or losses.

And i'm sure you can correct me if i'm wrong but i don't think directors can buy shares within 60 days of a report. I believe RGM will have to get out their half yearly report by 31st March.

It's been adjourned again booboo. Those who have been attending haven't uttered a word what's been happening.

And Freedom shot, considering that the meaning of "conman" is:

"a man who cheats or tricks someone by gaining their trust and persuading them to believe something that is not true."

Regarding the Rosa coal mine scandal that seems a perfect description. So yes definitely a crook and should be prosecuted. After all many many investors believed those shocking lies and many lost huge amounts of money because they got duped by those lies.

I couldn't care less if he's up for re-election or not. If he's doing **** you get rid of him.

When the large shareholders gathered today for todays adjourned agm. Who did you blame for the mess the company is in and the dismal share price. Did you blame world events, with both Scott and Andrew nodding in agreement?

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=at7a6sqe&ArticleHeadline=Directorate_Changes

Let's hope the larger shareholders realise that both Andrew Bell and Scott Kaintz need completely removing from RGM today. Amongst PIs both have gained untrustworthy stinking reputations and so why would a PI invest in RGM with such individuals being in charge?

If they are removed then it doesn't matter if the new people are London based. In America if you are a few hundred miles within a place you are considered local. So this need to remain in London is ridiculous because every place in UK is within a few hundred miles of London.

If the larger shareholders decide to let Bell and Kaintz remain at RGM, then i can see little hope here.

between ARKLE and debARKLE.

ARKLE is the name of the highest rated horse in jumps racing history. So that was in the end chosen because when you think of that name you think of WINNER. Of course debARKLE is a misspelling of "debacle" which means fiasco, failure, catastrophe, disaster, disintegration, mess, wreck, ruin.

So that was not chosen.

need to hold firm and not let Andrew Bell be reinstated to RGM chairman / ceo. He resigned, he then told sharetalk in the 27th January interview that he was stepping down because he had too much on his plate with RRR; of course since then he's also become chairman of ABM. So if they let him renege on his promise to step down then it will be an huge mistake by them. Remember one or two bad trading days here and we could be hitting new lows again. So the unpopular Bell is not the answer. He's had 14 years here to prove himself and all he's proved in those 14 years is lots of disastrous investments + massive share price decimation.

I'm sure those who decided against becoming CEO and Chairman of RGM were told horror stories by the interviewer Andrew Bell, for example giving them details of all RGMs projects and massive debt and that probably scared them off. Sure it would be nightmarishly difficult for anybody who took over here because we know this company is in a mess. So sticking with Bell is definitely not wise. Also letting him stay at RGM in any capacity is not wise. He and his sidekick Kaintz need removing completely and then maybe a fresh start can happen.

PS: Stephen take gobby Okenia with you next week because you know it makes sense to get Bell removed completely . Let's be honest longer term it's not going to get any better here if you persist with him.

Good luck next Friday.

Unless there was some shoddy website tipping RGM today? then i reckon virtually all of those trades between 11.41am-11.52am was just ONE manipulative buyer trying to trick gullible PIs into believing that RGM was suddenly popular with lots of different buyers today.

So Andrew Bell is still the RGM Chairman and CEO.

Let's be honest this share price is doomed.

(1) This is important. When Andrew Bell released the operational update rns on the 25th January did he know by then that some larger shareholders wanted him to step down from his ceo + chairman positions?

(2) All those shareholders who attended the Regency mines annual general meeting were told who the next RGM ceo would be. So does that mean all who attended cannot at present buy any RGM shares (until the new CEO is revealed) because you are all sitting on price sensitive information?

with this Regency mines + Legacy hill USA coal asset.

From the 4th September RGM rns it said:

"MET expects to sell 59,250 tons of coal for a total revenue of $2,695,440 in September 2018. This sales level reflects that being achieved on a daily basis in the latter part of August 2018. For the ten month period to June 2019 MET expects to sell 692,196 tons of coal for total revenues of $30,468,239"

Andrew Bell also commented: "The forecasts for sales and revenues represent a strong base case based on exhaustive analysis, and we look forward to further progress as the business develops."
.............

To remain on schedule the USA coal asset would have had to had total revenues of just over $9 million for the months of September 2018, October 2018, November 2018 but in reality for those 3 months they had total revenues of $4,866,476. From that same above rns extract they had a ten month revenue forecast of $30,468,239 but based on the actual Sept, Oct, Nov total revenues of $4,866,476, that would mean the Legacy hill / RGM Joint venture are only on schedule to reach a total ten month revenue figure of $16,224,920. That would be over $14 million below the ten month forecasted revenue figures expectations RGM management were predicting in the 4th September rns.

So although some seem to believe that huge coal profits will soon be announced by RGM, just from the below expectation figures so far i find that difficult to believe.