Member Info for zumore

If turnover and revenue are the same then the mining equity trust site says " For the year ended 31 December 2017, Omega sold 749,000 tons of coal, generating revenues of $34m. Omega employs approximately 70 employees with strong mining experience, competencies and customer insights"
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Though i don't know whether that $34million revenue made any profit? but you would hope so because now the new coal outfit have the additional costs of leasing two highwallers; but like you said yesterday booboo i would imagine those two highwaller leasing costs would be very expensive because i can't think of a more vital piece of mining equipment.

Booboo asks: "Based on that equation would it be fair to say 2 x $6M highwallers would cost to rent out $6M pa + costs?"
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Good morning Booboo i'm personally clueless how much an highwaller costs to lease but your figures look good to me. So i guess it's going to be touch and go to whether good profits can be made from the coal. And amazingly it's almost 15 weeks since the coal JVs been operating this coal operation so let's hope a very detailed coal quarterly rns drops promptly at 7am.

on twitter: "Out of interest which resource company management teams do you think are doing a good job at the moment?"

Andrew Bell responded: " Us" https://twitter.com/AndrewBRRR/status/1061254607240945664
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I've got to disagree with Bell on this because with nothing to do whatsoever with how the USA coal operation is being run, that just leaves Bell's main RGM job to effectively promote the LH/RGM USA coal operation. Yet since the coal operation was announced almost 15 weeks ago the RGM share price has almost halved. So is that a good job? I don't think so.

I believe Andrew Bell has been at RGM over 14 years and RGM first listed on AIM almost 14 years ago at a 2p share price. Now if we reverse the 20-1 share consolidation that happened at RGM a few years ago that would mean the RGM sell price would be approx 0.015p; so that is a share price approx 133 times smaller than when it first listed. So if a person invested £10,000 in RGM when they first listed, then today that former £10,000 investment would be worth around £75. I think at Bell's other company RRR it would be around £110. So if we take away Bell's numerous excuses over the years, then it's a proven fact he's been an absolute financial disaster for most shareholders who've invested in his companies over the years.

Though looking at RGM & RRR from Andrew Bell's perspective i can see how he deems himself a success because he's been raking in the pay at both companies for well over a decade. So to sum up, it's been awful for most shareholders but great for him.

Booboo: "Was Barry the big beginning of August seller after all and not RGM?"

Although i can no longer access the Curzon prospectus i seem to recall that YA global owned around 40% of Curzon energy shares at IPO stage, so it's highly likely they have been decimating the Curzon share price these past few months. So like Cgull said i'm suspecting RGM do still own their Curzon shares.

But like i said yesterday, how can Kaintz (in his role at RGM) ever agree to sell Regency mines Curzon energy shares now that he's CEO of Curzon? It IS a conflict of interest and it seems near impossible he would ever agree that RGM should sell. Then again Bell looks just as bad because most suspect he would never sell Red Rock's Jupiter shares because he wouldn't want to jeopardise his position on the Jupiter board.
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Cgull no you are not mistaken because i also vaguely remember Bell sold some of Red Rock's shares in i believe Star striker and then Star Striker wanted to dump him from the board; then Bell released an RRR rns to say he didn't intend to sell anymore Star striker shares; but he then stood down from the SS board because he knew he was going to get voted off: then as soon as he was no longer on the SS board lo and behold he dumps all the SS shares.

RGM last we knew owned 6,467,500 Curzon shares. So how can new Curzon CEO Scott Kaintz make a purely RGM biased decision if he and Andrew Bell discuss selling RGMs Curzon shares? I don't think he can because now he's Curzon's CEO I think he would be thinking it would refect badly on him if RGM sell their Curzon shares.

So I think a massive conflict of interest with him. Likewise with Bell because now I think he won't sell RGMs Curzon shares because he would know it would put RGM director and Curzon CEO Scott Kaintz in a difficult situation with the Curzon shareholders.

I agree Colin, he was great fun. let's hope he returns with one of his hilarious charts. :)

Booboo, again i agree. Johnson has lured so many people into RGM with his delusions. There was a time when he was telling people that Andrew Bell was this 'recovery man of AIM' who was this some sort of genius amongst AIM chairmen, according to Paul, Bell was one of the better AIM chairman. Utterly bonkers!

The RGM chairman recently posted a photo of the four people who went to visit the USA coal project with him: https://twitter.com/AndrewBRRR/status/1050111524524761088

Now the guy on the right got me confused because at first i wrongly thought it was Doc Holiday, then i wrongly thought he was Stephen Pearce, then i wrongly thought it was the pub landlord Al Murray: apparently it is twitter's 'thetradingtiger'; look at his twitter and he invests in the companies PJ pumps. Next to him is twitters 'Mark EJ Fairbairn', again look at his twitter and he invests in the companies PJ pumps. Then next to him is twitters 'silkyflows' and lastly 'Frank532731', again they both invest in the companies PJ pumps. Look on twitter and that is a familiar pattern, most have got themselves lumbered into RGM because of PJ..

Those four must have wondered "where is PJ and even Stephen on this USA coal visit?" Then they must've wondered "are they both showing excitement on twitter that we are in the USA visiting the coal project?". If they had searched both Paul and Stephen's twitter, neither of them have uttered a word about RGM in months, which is kind of surprising when they are supposed to be the two biggest RGM shareholders. And of course they used to pump the hell out of RGM.

Like i say looking around it's pretty shocking how many got lured into this hellhole because of PJ.

troll poster 'Kabaa' a few years ago when he overestimated Red Rock's cash position. He did a post and in that post he estimated that no dilution would happen for 18 months. After Kabaa's bold statement RRR did a placing within a couple of weeks.

So when Red Rock's yearly report comes out i'm not expecting RRR to have an huge amount of available cash.

MrMagic, i'm sure some have said RRR have got £3-£4 million in cash. Let's wait until the annual report in a few weeks because i'm sure they'll be in for a shock when they see how much money RRR had left at the year end 30th June 2018.

Hi MrMagic, yes i remember the $100k payment that RRR had to make because you highlighted it.

And onto the poster 'Helpful' i thought he was going to take RRR private? On the 20th June this year when the RRR share price was around 0.85p he said:

"I can tell you now that if we are lingering around this price come September and RRR has made the progress I think it will on the various assets, that I will personally arrange for it to be taken private. I have been involved in public to privates in the past and one of my mates has done more than anyone else. It is not a big deal."

"It comes down to opportunity cost: repaying the CLNs gives the company a certain return of 10% but what does it generate by using the CLN money as wc elsewhere?"
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Why do you talk like RRR haven't already received the £1 million CLN money? You know they received the £1 million last year and then they spent it. Now they still owe £950,000 on that CLN + the interest on that £950,000 CLN.

into a 20% interest loan over two years. And considering this loan was used solely by RRR to repay back their loan they took out to lend Steelmin money, then it's pretty amazing that some still insist that the loan RRR made to Steelmin was a profitable bit of business.

I doubt that to be true because (a) there is the interest racking up monthly for RRR on this convertible loan note, (b) plus according to the 23rd June 2017 Rns, RRR had to make an additional $100,000 payment to the lenders who they loaned money from so they could lend money to Steelmin. So in my opinion very unlikely that the loan RRR made to Steelmin was ultimately a profitable bit of business.

Here's the extract from 23rd June 2017 rns:

"Investors to receive charge over the Company's shares in JMS, excluding any shares that might be required to participate in JMS buybacks

Investor to receive a potential earn out payment based on the value of the Company's JMS investment at the time of a trade sale or IPO of the Tshipi Manganese mine, the amount payable varying between $0 and $410k, with $100k payable if no such liquidity event occurs by 31 December 2017"

You've served your year. You could've returned today.

People who can't remember Greets. He used to do those complicated graphs or diagrams and he would list all of RGMs investments in Stephen Moscicki coal mines, then he would complicatedly list how many millions would come back to RGM from each of Moscicki's coal mines.

that the big shareholders Peter (RRR) and Paul (RGM) are selling down.

I guess if we were to do a song about it. It could go something like this:

Two big investors can't take no more
One name Peter, one name Paul
Sell up Peter, sell up Paul
No more Peter, a placing for Paul

On 2nd August 2018 after he released the after hours RGM coal rns he posts on lse:

(1) "Poor old 'zumore'. His principles (or préjudice, or position) won't allow him to call us and get the answers to his amusing inquiries! So he has to sweat it out....... until someone chooses to enlighten him.

Heaven forfend that he should be short........ Lol"

PLEASE NOTE: when he posted that the RGM share price was 0.60p
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On 7th August 2018 Bell makes yet another post on lse. It was a long post but he ended his post by saying:

(2) "If we provide some reassurance that the project is real, working and professionally run, and let people clamouring for numbers know that these will come, that is proper we think. We are pleased, not upset, if we don't see the price jump before these are in"

PLEASE NOTE: when he posted that the RGM share price was 0.55p
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PLEASE NOTE: On 19th October 2018 the RGM share price hit an all time low sell price of 0.25p. This is because RGM did a 20-1 share consolidation a number of years ago, so if we reverse that, then that 0.25p sell price would've been just over 0.01p in the pre-consolidation days: so it was an all time low RGM sell price.

On that same day when the RGM shareholders were hit with an all time low share price, Bell tweets:

(3) "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!"

https://twitter.com/AndrewBRRR/status/1053216459801927680

that Bell is the most useless chairman at promoting his company on AIM.

Take this past 3 months, Bell released the RGM coal rns after trading hours on 2nd August, that day the RGM share price was 0.60p: then over those next few months he must've done over 20 interviews trying to promote RGM, end result today you can sell for 0.30p. How utterly useless is that?

And don't let the chairman try to kid you that the RGM share price is not his responsibility because he is the present RGM boss and he chooses which is the most effective way to promote RGM. So absolute incompetence on his part that the RGM share price has halved since he released the 2nd August after hours coal rns.

he completely sucked the life out of this with his numerous interviews.

Thank god he rests again!

https://mobile.twitter.com/Boardo65/status/1028928533974999040?p=v

very little interest today.

Andrew Bell's been here around 13 years and I suspect many many thousands have lost huge in his companies. So very few will invest in his companies these days.

Shareholders sticking with such an unpopular chairman is bonkers. He needs to go!

Yes Booboo you can spot the signs that this new coal operation is not going to plan.

To be honest i would love all the honest RGM shareholders to escape this; nobody likes to see the humble honest shareholder lose; conversely some of the lying big one's (you know who you are) tbh i couldn't give a rats clackers about them!

I'm now not posting for a few days because i'm trying to keep under 50 posts. Plus i've run out of positive things to say about RGM.

Of course another reason Bell sinks the share price with his interviews (either in person or podcast) is because in my opinion no greater off putter to PIs than Bell.

And indivestor, yes many suspicious characters on twitter who unbelievably praise Bell even though the RGM share price yesterday hit an all time low.

And yes i occasionally look at Michelle's twitter to see what she's pumping. And you are right all the older guys seem to like her "you are pretty Michelle" "Yes you've got an amazing singing voice" "yes you should go on britains got talent or pop idol with that amazing singing voice"

Let's be honest many thousands of people who have a way WAY superior singing voice than Michelle have long since been dropped by their record label. So i think she should just stick with her Karaoke and skip both BGT and pop idol. By the way her name on lse is Screech777.

I believe this was PJs last RGM tweet on 4th September. He tweeted: "So #RGM made a major step forward yesterday. Market to play catch up. In subdued resource mkts can take a few days before impact good news"

Andrew Bell tweeted back: "All we can do is deliver. Market reaction is for them - but if the scales have tipped, the rewards will go to the bold and the early! Like you"
https://twitter.com/pauljohnson9691/status/1037216399578603522

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Now from Bell's response he seems to be suggesting that the RGM share price is not his responsibility but i disagree. If he can't effectively promote the company himself then it's his responsibility to find somebody who CAN effectively promote the company (and i don't mean s****y Align research) ; but since the 2nd August RNS Bell must've done around 20 different interviews attempting to promote this coal operation and yet todays share price was at an all time low; so obviously this RGM chairman is ineffective at promoting and so he clearly is NOT DELIVERING. Of course that he persists with his inept promoting is clearly screwing over the RGM shareholders.