Member Info for zumore

"Let us not forget #RGM shareholders @Regency_Mines hold 74,733,096 shares in @AlbaMinerals"
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I'm not convinced RGM hold any shares in ALBA because when they received a $1.5 million loan the other week and they then put $2 million in escrow, i don't believe RGM had that spare $500,000 to make up that $2 million. So i believe that the ALBA shares have been sold. Plus no mention of ALBA in the latest presentation, nor on the RGM website, nor no tweets on Friday when an horsehill ramp was happening.

It would be hilarious but scandalous if this RGM silence continues and the ALBA price rockets to 1.50p and all the promoters on twitter are shouting that RGMs 74 million share ALBA holding are now worth £1.1 million. Then AB eventually breaks his silence and says "actually we have no ALBA shares, they were sold months ago".

What a RGM PR disaster that would be. Though of course all RGMs managements fault.

Hi Booboo, did you notice when lse was down (off air) on Friday 22nd June the RGM twitter pumpers swarmed all over twitter and the RGM buy price went up to 0.75p. Two days ago those same 0.75p buyers could sell their RGM shares for 0.51p, so they could sell at almost a 50% loss. Rather cleverly those twitter RGM pumpers who by the way mostly give their full names (so that AB theory that you should only trust those who give their full names is complete BS), will invariably shift the blame for the subsequent share price crash onto the forum posters. That of course is ridiculous because we didn't encourage PIs to buy and neither were we making up outrageous tweets of the great things that would be imminently happening at RGM. So twitter pumpers and even AIM companies (who fib in RNSes) need sombre reality forum posters like me to blame. So me not posting for a little while will of course be one less forum poster for them to blame.

I'm sure dreadful AIM companies fully realise that without investment forums like lse and without twitter pumpers they would be quickly dead companies. Can you imagine a life without twitter and investment forums for these dreadful AIM companies? They would release an RNS....then silence......then another RNS to announce that the content in the previous RNS was BS....then silence....then another RNS with new promises.....then silence....then another RNS to announce those previous RNS promises wouldn't be happening.....then the dreadful company eventually ceases.

Those dreadful AIM companies fully realise that they need the twitter pumpers to BS gullibles. and they also fully realise that they need forum posters to shift the blame onto them when nothing in their RNSes comes true.

RANT OVER!!

Yes booboo i know others disagree with us but i don't think it looks great here. I'm actually going to hold off posting here until the big news drops because i've been posting on here too much lately.

The error in my earlier post was because i stupidly multiplied those number of shares with an ALBA share price of 32p : lol obviously the ALBA share price is a 100 times less than that at 0.32p

error to my last but one post. 6,467,500 shares in ALBA would only be around £20k worth

But that 6,467,500 is still the number of shares RGM own in Curzon. So those ALBA share numbers in that 23rd March RNS were still incorrect.

report RNS when the chairman says "as well as receiving 6,467,500 shares in the AIM-listed Alba Mineral Resources plc"

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=rygxl4xb&ArticleHeadline=Halfyear_Report

TDT says: "On the issue of DNi I contacted them sometime ago and they confirmed that they no longer have a JV with RGM and haven’t had for some time"

That ^^^ tallies up with what booboo has been telling us for some time. So thanks for confirming that.

And RGM did the deal with ALBA at the end of November 2017 and RGMs company end of year is today 30th June.
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Booboo says: "All very deceitful imo."

I know some will think you are overstepping the line with that suggestion. But is he? Because the last time RGM gave mention to ALBA shares in an RNS was in the 23rd March 2018 Half-year report. The RGM chairman said:

"It is with much pleasure that we present these interim results. The six month period to 31 December 2017 was one of significant activity, in which the Company completed the sale of its 5% participation in Horse Hill Developments Ltd, a private oil exploration company, and was able thereby to generate proceeds of £1,719,126, as well as receiving 6,467,500 shares in the AIM-listed Alba Mineral Resources plc"
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So the RGM chairman said RGM have 6,467,500 ALBA shares. Which at todays ALBA share price would be around £2 million worth in ALBA shares.

Of course i know ^^that's completely false (that's Curzon shares). But he decided not to correct the error so you could quite rightly say "deceitful". RGM could've reissued a correction RNS but they didn't. So because we didn't see a correction RNS you could quite rightly think it was deliberately misleading PIs.

still hold or no longer hold 74 million ALBA shares.

I suspect they no longer hold but some tweeters obviously do:

https://twitter.com/SHARES_FTSE_AIM/status/1012710821917388800

https://twitter.com/Graham19361660/status/1012774928138014720

Now i know some think that RGM shouldn't have to clarify to RGM shareholders whether or not they still hold almost 75 million ALBA shares. But as we all know there is nothing like an horsehill ramp and if ALBA were to rocket in price to around 1.50p and RGM hashtaggers were tweeting that RGMs 74 million ALBA shares were now worth over £1 million. Then RGM revealed that no £1 million because the ALBA shares were sold a long time ago. That would be a PR disaster that RGM management would've completely brought upon themselves.

So my personal opinion is that Regency mines SHOULD reveal to shareholders if they've already sold their ALBA shares. If not it could end up being a PR disaster for RGM.

No no hard feelings MrMagic. We can still get on. :)

There are actually numerous reasons why i think RGM have long since offloaded their ALBA shares.

(1) No longer mentioned on website or in latest presentation
(2) No longer tweets about them. Bit strange no tweet today considering a major horsehill ramp was happening
(3) I was surprised RGM had the additional money to make up the recent $2 million in escrow.
(4) I think when AB said in recent rns "The Loan Note has enabled us to carry out this funding without liquidating our marketable holdings, including our strategic holding in coal bed methane producer Curzon Energy plc."

I think some thought "holdings" meant Curzon and ALBA but i actually think it means Curzon and Red Rock
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Like i said earlier Bell has previous form. You know how reluctant he is to update on lousy figures and bad news and RGM £315,000 shares in ALBA were at approx 0.42p a share. So if RGM sold like i expect then i doubt he will be forthcoming with how much money selling the ALBA shares got RGM.
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I still don't think he's been honest about the Moscicki coal debacles from 16/17 because it's very vague what was said about it in the RGM rnses. And yes booboo, i still don't think RGM have been honest with who exactly their partners are at Mambare these days. If it's ex direct nickel employees who have very little money then RGM shareholders must be told about this.

GRL released an holding RNS on 12th December 2016 and then RRR followed the next day with an RNS to inform PIs that they had sold some GRL shares. In that RRR rns RRR said it contained "inside information".

Then that pattern stopped. GRL continued releasing the holding RNSes but RRR never again informed their shareholders through official RRR rns that they had been selling down their GRL shares. They RRR rnsed it when they were buying up GRL shares but they couldn't be bothered to RRR rns it when they were selling down. To me it's common courtesy and makes it easier for your own shareholders when you inform them of important inside info through your own company rnses. You may not think that but i do.
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In answer to your other question. It was 29th April 2016 when MTR and RRR did a £100,000 share swap with each other. MTR got the better end of the deal. Both released rnses but MTRs rns was clearer: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=MTR&ArticleCode=p7dprviv&ArticleHeadline=Strategic_Acquisition__Red_Rock_Resources

Correction that should read "withholding company inside information"

I guess what i'm getting at, is if RRR considered their 13th December 2016 RNS containing "inside information", then the RNSes that RRR didn't release after GRL released RRR holding RNSes would be considered "withholding insider company information"?

What is interesting is that GRL did an holding RNS on 12th December 2016 to announce RRR had sold down and then the very next morning RRR felt obliged to RNS the market that they had been selling some GRL shares. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=7hlvwjbu&ArticleHeadline=Update_on_investments

And then in the above 13th December 2016 RRR rns it says "The information contained within this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No 596/2014."

Yet after GRLs other subsequent RNSes that announced RRR had been selling down RRR felt no obligation to RNS the market. That seems pretty strange when you consider that RRR felt the information contained in the RRR 13th December 2016 rns was deemed "inside information".

on about Red Rock's investment in GRL on this thread. The one and only time RRR RNSed PIs about selling down in GRL was on 13th December 2016. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=7hlvwjbu&ArticleHeadline=Update_on_investments

On the other hand the GRL holding RNSes that announced RRR were selling down were on the dates of:

(1) 12th Dec 2016
(2) 6th Feb 2017
(3) 13 April 2017
(4) 25th April 2017
(5) 29th June 2017

So yes Goldstone resources were giving out RNSes that RRR were selling down but apart from the RRR rns on 13th December 2016 then unfortunately Red Rock gave no further RRR RNSes and so RRR shareholders were left in the dark as to how much money RRR got from each batch of GRL shares that they sold. So there's your proof that Bell doesn't always give official company RNS updates when he's selling down. So i would say high probability he didn't bother to inform the market when RRRs MTRs shares were sold.

Hi Magic, i'm going on past form. For example you'll remember RRRs £100,000 MTR share swap? Yes Andrew Bell announced it via RNS but it was never announced when those shares were sold via RNS. I don't believe they still hold those shares because they haven't been mentioned on the RRR website in years. So based on your last post MrMagic you must be saying RRR still hold those MTR shares? If you don't mind i wouldn't mind you answering that question MrMagic?

With the RRR shares in GRL i believed RRR initially RNSed that they had sold some: then never any RNS from them again but there was some GRL holding RNses to say that RRR had been selling down.

So i'm not on dangerous grounds because it's absolute fact that Andrew Bell doesn't always inform shareholders (via official company RNS) when he's selling down in a company. I'm a great believer if you inform the market of an investment by RNS then you should also have the courtesy to inform the market by RNS when you are selling down or sold up because when you don't it confuses PIs. But unfortunately on past form that does always happen.

encouraging PIs to buy into RGM because RGM still apparently own shares in ALBA. The ALBA share price has been rising today.

Now because you no longer see RGM talk about their ALBA shares then you would presume that RGM no longer own any shares in ALBA; but at the same time RGM have never officially RNSed to say that they no longer hold any shares in ALBA and so you can see why many would still presume that RGM do hold shares in ALBA.

So i'm sure most PIs would agree if the truth is that RGM no longer own any shares in ALBA then it's pretty naughty of RGM management that they aren't officially informing PIs of this.

to me always looking a puzzling investment. On one hand RGM own (or owned) around 6.5 million Curzon shares with most costing around 10p a share. But YA Global sit below RGM holding approximately 40 million curzon shares (at a cost of 8p each share) : http://www.proactiveinvestors.co.uk/companies/news/178178/london-ipo-bound-curzon-energy-unveils-acquisition-which-could-trigger-a-takeover-offer-178178.html . I believe YA global also hold other varying priced Curzon shares.

I believe quite a few Curzon shareholders have a 1 year (not to sell) lock in that expires near the end of September 2018. It seems with (RGMs) Scott Kaintz gaining a place on the Curzon board 3 days ago, RGM may be holding onto their Curzon shares for quite a while longer now.

Looking at the above it doesn't look promising. I don't even have to carry on because we can all foresee what could happen.

isn't looking great today because it's fallen by 7.94%. It's fallen a lot lately. There must be some explanation?

By the way Regency mines Scott Kaintz was put on the Curzon energy board yesterday.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=CZN&ArticleCode=hl6bjx4a&ArticleHeadline=Result_of_AGM

from September 26th 2017. Here it is: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=byszrhjq&ArticleHeadline=Conditional_JV_to_develop_cobaltcopper_tailings

If the deal went ahead here are a few snippets from the above RNS:
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"In the event that RRR elects to proceed with the transaction following due diligence and fulfilment or waiver of the conditions, it will acquire 26.25% of JVCo for:

(1) Cash payment of $700,000

(2) £490,000 payable in RRR shares ("Shares") at 0.65 pence a share, with attached 5 for 3 three year warrants to subscribe for new Shares at 1p ("Warrants")

(3) Commitment by RRR to fund $1.2m of exploration expenditure over 18 months to produce a bankable feasibility study ("BFS") on Kamirombe, and thereafter pro rata.
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I see RRR twitter retweeted John Boardman last week and so the Congo deal obviously must still be on and so i thought i'd helpfully find that RNS for PIs who couldn't find it. :))

"In my opinion when they do that then that's very misleading"
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LSE really should install "edit function" because it would save me hundreds of additional posts correcting my previous post mistakes.

of Regency mines financial year. And i often think companies like to do a fundraise before the end of their financial year because then when the final results come out (often in November) it will show that they had a nice cash amount at the end of their financial year. In my opinion when they do then that's very misleading.

If RGM were to do that then it would have to happen by the end of this week.