RE: Ouch!23 Nov 2018 11:01
I think Andrew Bell has been at an all time useless since RGM's latest coal acquisition got rnsed after hours on 2nd Aug 2018.
Of course utterly stupid to release that rns after hours. Then even more stupid for Bell to do the Andrew Scott interview on 7th August and then tell Andrew Scott that the coal profit forecast would be released within weeks. To virtually everybody "weeks" means less than a month and so from that point on Andrew Bell had built up huge expectations among RGM shareholders that a coal profit forecast would be coming forthwith. So when it didn't arrive i'm sure lots of shareholders now ex RGM shareholders felt letdown by Andrew Bell and felt he couldn't be trusted.
In a number of interviews Andrew Bell has told the interviewer that the profit margins from this latest coal acquisition were very good. Yet he has refused to give any ballpark figure to RGM shareholders of what they may be. From observations Bell is a huge braggart and i feel if profit margins were truly healthy on each ton of coal then he would be screaming from the rooftops what kind of profits they are presently making on each ton of coal. That he isn't is in my opinion causing huge uncertainty amongst investors. Let's be honest Andrew Bell is either sitting on good "coal profit margin" information and not revealing it to RGM shareholders, which in turn is collapsing this RGM share price, which is absolutely unforgivable; or he is lying about the coal profit margins being very good, which is again unforgivable.
And to prove what a natural braggart Andrew Bell is https://twitter.com/AndrewBRRR/status/1053216459801927680, on the 19th October he tweeted:
"Congratulations to @regencymines on this great milestone. Great teamwork from a group that has brought one asset speedily into production after another, across two AIM companies @RRR_RedRock too!
Others explore, we explore in order to produce"
.........
Then on 10th November https://twitter.com/AndrewBRRR/status/1061254607240945664 Paul Johnson tweeted:
"Out of interest which resource company management teams do you think are doing a good job at the moment?"
Braggart Bell tweeted: "Us"
..........
I'm sure it was particularly galling for RGM shareholders to watch the RGM chairman bragging about himself when the RGM share price was collapsing under his chairmanship. Of course today it is also collapsing.
So i blame Andrew Bell for this continuing collapse. Why the big RGM shareholders still persist with him i will never know.