Member Info for zumore

Briarbank only this quote from RRR 30th May 2018 RNS:

"On 5th May 2018 Steelmin began to heat and power up Furnace V at Jajce since when the ramp-up towards commercial production has proceeded to plan. The ramp up is expected to continue over the coming few weeks to build to full power including laboratory checks on material being produced."
......

So the above paragraph said "5th May" so that two and a half months ago, so that's why i said "months". Also from above paragraph "ramp-up towards commercial production", so "towards commercial production" means commercial production isn't happening yet, so that's why i said Steelmin aren't yet generating revenue. Lastly from above RNS paragraph says "including laboratory checks on material being produced", so that's why i said "testing".

Did you read the 30th May RRR (Steelmin) RNS differently?

Colin, i recall Didge made a post or two one morning saying that it was fake news that Moscicki/RGM had the correct permits to use an highwaller at Rosa. Then Bell started making tweets on i believe RGM twitter asking for Didge's personal details. Of course looking back we now know RGM shareholders were indeed being fed fake news about the Moscicki coal mines. So great chance Didge was absolutely correct.
............................
Strewth Booboo what a sad depressing story. Although i wasn't around at the time (when that Gary incident happened) two or three years back an lse poster called Servantofallah began posting on lse and he posted on the RRR + MTR thread + other threads and i'm sure he was called Gary. And from what some said to him i'm sure it was the same guy you talked about. The good news is i remember him saying he was making huge profits in some of the companies he had invested in. :)

Like i was saying the other week Bell said last year that the number one costs with plants like Steelmin's was electricity usage. So it must be somewhat concerning that all these months of testing without revenue must be stacking up huge debts for Steelmin.

Booboo waiting around in a company that dilutes is often not wise. I remember in Bell's other company RRR that in May 2014 they announced the proposed sale of the El Limon gold mine. Back then the share price was around 0.27p but when around a year later when the sale happened the share price was around 0.07p (later in the year a 25-1 share consolidation happened). So those who patiently waited for the sale had to endure dilution and didn't get rewarded for their patience because when the sale eventually happened the RRR share price was almost 4 times smaller.
..........................................

And you'll notice ALBA hasrocketed today. When sharetalk contacted Andrew Bell the other week he said RGM still held a "substantial amount of ALBA shares". Like i said the other week in Belltalk that could mean 1000 ALBA shares.

I'm incredibly dubious RGM still hold any because last year RGM were giving a running commentary when they held UKOG shares but looking on the RGM twitter not a single tweet on ALBA. Because the RGM news stream is dead at present you would think RGM management would be ramping the hell out of their ALBA shares if they had any. So very strange they are silent and won't be specific on how many ALBA shares RGM own.

if some of the big shareholders don't impress me then why would i want them to join forces to remove present RGM management? The thing is present management are in my opinion bottom rung, out of their depth and i know many PIs don't rate them. So little point in keeping them. And because of last years disastrous Moscicki investments, along with those RGM misleading RNSes, misleading tweets, misleading interviews, then that would be a perfectly valid reason for them to be sacked.

Hi Booboo, yes i'm probably too kind to them. I'm fully aware those three have been wrong every step of the way on RGM, they've suckered numerous naive PIs in with their over the top RGM exaggerations. Even Pearce the other month laughably said how well Andrew Bell did with RGMs Stephen Moscicki debacle, according to Stephen Andrew Bell did well in eventually working Moscicki out and putting a stop to handing him any more RGM money, but in the 2017 RGM year end (30th june 2017) RGM had around £9000 money remaining and so AB peed all the vast sums of RGM money away before it dawned on him that Moscicki might be a wrong un. Poster 'DIDGE' way back in Feb 2017 had contacted the local police (also Pastor) near to the Rosa coal mine and they said nothing was happening with the Rosa mine. I even contacted the Blount county (Alabama) journalist who previously used to report on the Rosa mine when previous operators MCOAL operated it and he reconfirmed what Didge's people told him that to his knowledge zero was happening at Rosa. Of course back then the rampers laughed at Didge and obviously RGM management didn't listen because they stupidly handed more and more money to Moscicki. So Bell and Kaintz didn't do well over Moscicki because they majorly ****ed up with their incompetent RGM Moscicki investments; and of course on the Moscicki coal investments RGM management gave a constant stream of false information in RNSes, interviews and tweets. They should've been sacked for that because many PIs lost fortunes because of those management mistruths.

Booboo, in the words of David Lenigas, just like you deep deep down i couldn't give a "rats clackers" if those 3 make big losses here. With so many big shareholders here it seems absolutely impossible that they'll sell up here without first making massive losses. Like i said yesterday they need RGM to announce the purchase of an already producing coal mine (which seems unlikely) and if god forbid any coal asset IS announced that is a year or two away from production then because RGM is a big diluting company then their big investments are in my opinion absolutely doomed to become miniscule .

Last point, those 3 big shareholders naively believe that last year Moscicki investment was a one off mistake but long termers know the truth and know it was a standard Bell investment with the usual outcome.

didn't present at Tuesdays LSE oil and gas evening. I know LSE had been advertising on this page that Curzon energy would be presenting but for some unknown reason they didn't. The only two companies that presented were Columbus Energy (CERP) and Reabold Resources (RBD). Here the youtube link to Tuesdays 1 hour 26 minute webcast: https://www.youtube.com/watch?v=VnLdlAV7J10&feature=youtu.be

Greets. Of course from the end of October the friendly wager will be completely over and then you'll be able to post anywhere. But from today onwards post anywhere you like except for my two present favourites threads. :)

I recall us having a friendly non money wager last year with the loser staying off here until the end of October. Just looking at your lse you have been very good and so because i won i can make new rules. So from today onwards you can post on any thread on lse apart from my two present favourite threads. If you want to know what my two present favourite lse threads are, just click on my username and then look at my piechart.

Any twitter friends of Greets Echo pass it on to him. I can remember reading his twitter a few months back and from his tweets it seemed the poor guy almost got shipwrecked. Let's hope this good news perks him up.

Though to be fair to them we all had rose tinted spectacles at one time. With Bell the rose tinted spectacles eventually fall off and the true reality and ability of Bell dawns even on the biggest of PIs. So absolutely no shame in changing your opinion.

for the bigger RGM shareholders (like 8% Johnson's, 8% Pearce, just under 3% Hazlenut) is that RGM do RNS a coal LH joint venture coal asset and it's announced that it's not yet producing and no chance of producing for a year or two. That would be nightmare because (1) they'd know the $2 million in escrow would be as good as gone, (2) they'd be lumbered with Bell and Kaintz for the foreseeable because they would say they'd be pivotal to the Legacy hill partnership, (3) they'd also know with no income stream the relentless RGM dilution would continue and within a year there could easily be 1.5 billion RGM shares in issue,which would mean to achieve a 0.5p share price RGM would need a £7.5 million MCAP.

So if coal production wouldn't be possible for a year or two with Legacy hill then in my opinion it would be pointless doing the deal. I guess you could say "no deal is better than a bad deal". In that circumstance it would be much better to sack Bell and Kaintz and then pass that $2 million in escrow to new RGM management and then new management could also cash in the stagnating £150k or so that RGM have in RRR shares + also cash in the Curzon energy shares. So lots of money for new management to reinvent RGM.

Though i guess not much chance of the above happening because i believe those above big shareholders (Paul, Darren, Stephen) think Andrew Bell is the best chairman on AIM. The star of AIM apparently.

(1)Regency has agreed to borrow gross proceeds of $1,600,000 (net $1,520,000) from institutional investors in order to fund a portion of its obligations under the JV.

(2) The loan will carry a 10% interest rate and be for an initial term of six months,

(3 )and is subject to an implementation fee of $96,000.

(4) A further six-month extension available for a 5% fee"
.......................

Looks terrible loan terms doesn't it? It seems the initial loan was $1.6 million + $96,000 implementation fee (so $1.696,000) and RGM got $1520,000.

Also seems the interest is 10% over 6 months and so RGM will be paying a whopping $160,000 interest on this loan over the first 6 months.
.....

We are now creeping into the 7th week since the 6th June loan RNS and still no coal news. It's amazing that Kaintz and Bell sit in their office looking at each other like a couple of pilchards and in the meantime this massive loan is racking up over £6,000 interest (or debt) a week.

You would think eventually the big shareholders will have to remove Kaintz and Bell because they are clearly out of
their depth. I'm sure eventually the big shareholders will conclude "it's either them or us": they either stick with the
stagnating duo and sink or they make their move to try to rescue their investments.

"If the BoD went then this would easily double from these levels"
............
I too believe that could happen but some newer RRR shareholders refuse to believe that Bell is not trusted, loathed, not rated by an huge number of PIs and so those PIs who dislike Bell will never invest in an Andrew Bell company. So with the removal of Bell and his sidekick Kaintz then all of a sudden you have access to those PIs who wouldn't previously invest with Bell/Kaintz at the helm.

It's amazing that some RRR shareholders don't see this.

is that Bell has been doing well here lately: but if he had been dismissed from RRR let's say 3 years ago then today RRR would've still been receiving these recent buyback payments from Jupiter.

Also nothing sophisticated from Bell with Steelmin, just in my opinion a reckless gamble with him taking out huge loans to loan Steelmin money. And let's not forget because of Steelmin Red Rock still owe the Convertible loan note holders £1 million + interest.

yes you are right the guy is a shocker. He never releases those RNSes and so he obviously couldn't care less if PIs get caught on spikes.

don't flatter yourself. I'm actually a big fan of rapper Japreme Magnetic and your post popped up on his hashtag.

Usually you would say there was no chance they would be able to remove them but Mr Pearce tweeted the list of big RGM shareholders last evening https://twitter.com/BlissfullyBespo/status/1018945389318361088 and most of those big shareholders know each other and so i think they could easily remove SK + AB if they wanted.

I think if no coal news by the beginning of August even the most patient of RGM shareholders will begin to lose patience with Bell and Kaintz. To me SK and AB treat RGM shareholders atrociously and so if they don't care about the RGM PI then why should the smaller or bigger RGM shareholder care about them? They work for the RGM shareholder and if they are not up to the job (to me they aren't) then clearly they need removing.

with Scott Kaintz and Andrew Bell https://www.youtube.com/watch?v=giEub8sOzPI

Just watched it again and i actually felt quite sad. It's so depressing watching this unimpressive pair. People invest huge amounts of money in RGM and it's this duo who they are relying on. So sad.

Scott in the above video said about the coal that the wait was almost over: he said that 4 months ago. He also spoke about the coal and said it was like an onion and gradually the onion layers would be peeled back to reveal what's inside for investors. Let's hope he doesn't mean tears.

Surely they need to be removed eventually? Lot's of seasoned PIs neither rate them or trust them. It's amazing how the big shareholders continue to tolerate this undynamic management duo.

From my personal perpective if they were removed i could no longer harp on about the past because the management past would've been removed. It would be a fresh start and i'd have greater optimism than i do now.

Back to the above video. Watching them is so depressing. OMG!

LOL booboo, very funny! :)) 😂

Just seen your post booboo. Yes let's hope he returned home safely.

I can remember once reading that Mr Bell had said that the Papua new guinea locals had made him an honorary chief. Let's hope after all these years away they still remembered him. :)

Yes but maybe a Mambare RNS this forthcoming week.