Member Info for zumore

Looking again at yesterdays RNS i'm suspecting RGM have already started to offload their ALBA shares. I say that because on 29th November 2017 ALBA paid RGM �315,000 in cash + approx 75 million in ALBA shares for RGMs remaining HHDL stake. Yesterdays RNS also says RGM selling their UKOG shares got �1,298,555 + they received from UKOG a further �54,498. So those 3 amounts added together total �1,668,053. But yesterdays RNS says: "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" Yesterdays �1,719,126 could've been an error because the 6,467,500 shares (that Bell mentions above) was not in ALBA (like he says) but in Curzon energy. To be specific RGM received 74,733,096 shares in ALBA. Though if true and by 31st December RGM had generated proceeds of �1,719,126 then to me that looks like (by 31st December) RGM may have already sold over �50,000 in ALBA shares. So who knows since the beginning of this year RGM may have already offloaded the rest and they may have been causing ALBA's price dropping. I thought in the original deal ALBA had imposed on RGM "a 6 month orderly marketing provision post-Completion". I wrongly thought that meant RGM couldn't sell their ALBA shares for 6 months but it seems they could sell. Though one thing for sure, if "Cash and cash equivalents" does mean that the cash RGM had remaining on 31st December 2017 was only a �38,473 (like it said in yesterdays RNS) then the money situation at RGM is much much worse than i possibly imagined.

on 11th January 2018 and then subsequently paid �630,000 to repay YA. Plus today's RNS says in Feb 2018 a further �200,000 was made in White car. So with money needed since January for company running costs, then you would think very little money would be remaining out of that January �1,050,000 placing money. To me RGM seem to achieve very little (that is to put it politely) but they always seem to be motoring through the money. It's astonishing.

That should've said "thicko Zumore"

In the second half of 2017 RGMs HHDL shares generated around �1,719,000 from selling those shares to both UKOG and ALBA + from selling to ALBA RGM received over 6 million (still unsold?) ALBA shares. But todays RNS says that RGMs "cash and cash equivalents" at end of 31st December 2017 was only �38,473. By 31st December 2017 RGM only had �38,473 remaining from all that near �1.75 million UKOG and ALBA money? Surely I've misread? Surely all of that money couldn't have been spent? Thanks for any replies. Thick Zumore xxx

from Aussie poster 'Rocket973'. He she posted: "Not meaning to downramp, however I cannot see a JMS share price of $1.00, that would value Tshipi at $4.5 billion, nobody would be foolish enough to pay that amount. Yes, 50 cents is a possibility and most likely still too high, many will concerned about the Mn ore price falling and JMS has nothing else of value. Unlike OMH which has the ferro alloy smelting businesses in Sarawak and China, plus Bootu Ck manganese ore mine, 800,000 tonnes pa. The JMS investment in Tshipi is only modest compared to the value of the huge OM Sarawak smelter, and when comparing a JMS valuation of $2.25 billion its definitely over the top. Frankly, I think the Mn miners are now getting greedy and it will be their undoing. Mn ore at US$7/dmtu is a damn good price, pushing it higher is foolish"

I'm sounding a bit like the Paul Whitehouse character from "The Fast show" when he used to be in the pub agreeing with everybody's opinions but i agree with Cgull about all the lies and also agree with booboo that we are unlikely to see Rosa. I mean can you imagine if Rosa was announced but not using an highwaller? Of course such an announcement would expose all the previous mistruths about Rosa using an highwaller and having all the necessary highwaller permits. Also can you imagine Rosa being announced but it was announced that it would cost millions to be able to bring it into production? Of course that would expose all the previous mistruths when this chairman was saying that all that needed doing before Rosa production could begin was (1)slightly widen the access road (2) make the coal face at a nicer safer angle (3) move some of the overgrown shrubs from the coal face. Then we were apparently good to go. So i think Rosa will be avoided or else the previous Rosa lies will be well and truly be exposed.

I'm sure Dan Sklan (or d_s_) can answer which gives him greatest joy in his heart from the Jupiter buyback payments. Is it when RRR get the Jupiter buyback payments and he doesn't get a penny from it? or is it when he is a direct Jupiter shareholder and when Jupiter pay out buyback payments he receives all that buyback money himself?

Maybe Peter doesn't get joy in his heart that RRR receive buyback money from Jupiter and then RRR don't pass that money on to RRR shareholders? So maybe Peter is selling up in RRR and then when Jupiter relist he'll buy into Jupiter and then if Jupiter give out any buyback or dividend money to Jupiter shareholders in the future then he (Peter) will directly receive that money?

speculating that some big money Chinese investors would be coming along to help fund the Mambare exploration. In my opinion such a suggestion is preposterous. I say that because if you had a fortune then why on earth would you give money to RGM? RGM have proven they are so uncommitted to Mambare. Their life desire is not Mambare. They don't direct all company funds to help bring their dream of advancing and trying to bring Mambare into production. in my opinion Mambare is just a weak little ramp (because PIs started hyping it up on twitter) and RGM have got the Mambare partners they deserve: i believe booboo says they are are just a few individuals who have very little money. So because of that i would expect nothing of significance to be happening with Mambare this year. And Cgull was right yesterday because in yesterdays weak interview Bell said any coal would be developed over 2 years. So anybody who is expecting anything of significance (like coal production) to be happening soon is likely to be very disappointed. So in my opinion very little at RGM and at the present Mcap way WAY overvalued. Bear in mind just over 2 years ago RGM had a �400,000 market cap but now it's knocking �3.5 million. So in my opinion hugely overvalued.

JAN 10th 2017: "Auger mining from the Rosa Mine is scheduled to begin in February 2017" "We now look forward to working alongside Stephen Moscicki and his team at CMC to realise the great potential of this project. We have in him an experienced partner who owns several producing coal mines elsewhere in the United States" ........ FEB 6th 2017: "Progress continues on schedule at Rosa towards recommencing coal sales in Q1 2017" "At Rosa, the sourcing of a suitable highwall mining machine enables us to plan for tripling the depth of penetration beyond that envisaged in the Reserve report, and potentially tripling the rate of production." ...... FEB 27th 2017: " Progress remains on schedule at Rosa for coal sales in Q1 2017 as reported in previous announcements" "The highwall miner is now on site" ................ MARCH 9th 2017: "Meanwhile at the Rosa Mine in Alabama, held by Carbon Minerals Corporation, a company 20% owned by Regency, contract washing of coal at the 125 tons per hour preparation plant continues as scheduled. Mining of coal with the highwall miner on site will start shortly" .............. MARCH 27th 2017: "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" ................. APRIL 20th 2017: "Highwall contractor to start coal operations imminently" "The environment continues to improve for the coal sector and as early movers and with offtakes available we and our partners continue our high speed drive towards production at both projects". ................ MAY 3rd 2017: "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" .......................... Like Joebop highlighted from yesterdays interview when Andrew Bell said "And i think there is a problem, the stock exchange was in a period recently given the resource sector where there were companies making announcements all the time, all speculative value, no production. And people get used to constant announcements field the share price rises" ......... Bell must've had amnesia when he said that yesterday because he was the ONE who was doing that last year, with either RNSes or interviews or tweets with the aim of making the share price rise. And of course what he said in those RNSes, interviews, tweets turned out to be misleading garbage because none of it came true. ,

Two monotone voices speaking unenthusiastically. How can PIs be interested in RGM when neither little nor large seem remotely interested? Luckily AB said "world" so I can continue posting. :)

presents at the UK investor show each April I'm assuming PIs are hoping this chairman will release some amazing RGM news before he presents at that event? If no news of significance arrives before the UK investor show then it would be absolutely pointless for RGM to present at that event. Though of course Mr Winnifrith wouldn't be happy about that and so I guess not to get on Winnifriths wrong side RGM will pay up and present at that event even without any RGM news.

compared to the assets that they have. Some newer PIs may not believe this but at the back end of 2015 the Regency mines Mcap was only around �400,000. So in just over two years the RGM Mcap is today almost 9 times bigger that it was at the end of 2015. Back when the RGM Mcap was �400,000 RGM had the Mambare and Motzfeldt assets sitting in that �400,000 Mcap. So considering absolutely nothings been done to advance either Mambare or Motzfeldt for many many years then I see no reason why either of those assets would've increased in value from the days they sat in RGMs 2015 �400,000 Mcap. So with little else here at RGM then to me this �3.55 million Mcap looks hugely overpriced. Though I guess the one big saving grace for smaller PIs is that many of the present big shareholders are well and truly stuck in RGM and so are unlikely to sell anytime soon; and because that many of the present big RGM shareholders are like minded individuals who often buy and sell in the same companies, so they know if one sells they are all likely to sell and they know that would likely collapse the share price and they'd all make huge losses. So that means they have to all sit and suffer in this share and pray that a miracle happens so they can all one day extract themselves out of this share without huge losses. I personally think the miracle won't happen and they'll all eventually leave this share with great losses. I hope I'm wrong about that but at present it looks pretty bleak at RGM and the Mcap like i say looks way overpriced.

Hi Booboo, even if Stephen is right that RGM are limited to issuing only another 90 or so million more shares until the next AGM, then i'm sure Bell could easily get around it by later in the year getting a big convertible loan with YA and YA will simply agree not to convert the loan into RGM shares for a few months. That way YA wouldn't do any converting until after the next AGM, and by that time RGM would've given themselves permission (at the next AGM) to issue a shed load of new RGM shares. And lol yes i remember Stephen hinting that in two, three, four weeks time some wonderful news (whatever that is?) would arrive. With two weeks already gone i'm starting to think Stephen's idea of great news was that he had heard on the grape vine that Align research would release an RGM research note. :)

After all of last years Rosa RNSes, tweets and interviews when it was strongly suggested that the Rosa coal mine was imminently coming into coal production, how can PI's not conclude it was an hoax? To be kind you would say the new version of little and large were absolutely INCOMPETENT yes absolutely USELESS with their Rosa due diligence. Just thinking about it now is bringing on my heart burn. WHAT A SHAMBLOLIC DUO! They cling they cling they cling! Of course the coal RNS the other week was pretty lousy. I can remember when i first heard of Legacy hill around June last year.. the pumpers were bigging up LH and saying that LH would be the great saviours who would buy into Moscicki's coal assets and they would do this by taking over all the costs and according to the pumpers RGM wouldn't have to stump up anymore cash. Of course the other weeks RNS said different and that RNS said that RGM would likely have to find a few $million if they (along with Legacy hill) attempted to bring a coal mine into production. Of course RGM don't have that money. Also for the vast money needed for Mambare exploration RGM also don't have that. So it all looks pretty dire here. Lastly let's not forget that on 1st February 2016 RGM had just 127,157,461 shares in issue but today RGM have 787,885,972 shares in issue. So since RGM did a 20-1 share consolidation in December 2015 the RGM management have been absolutely brutal on shareholders with over 6 times more shares in issue compared to February 2016. The past is a shareholders guide, so in the future we know that there will be an hell of a lot more RGM shares in issue. So all in all the RGM future doesn't look bright.

*target price of 2.41p and Conviction Buy" ....... Conviction buy? Does that mean you are going to get prosecuted for being so outrageous with your 2.41p target price?

Sorry again . My 2.34 post should've said "I have dreamed visiting him" (not imagined visiting him) .......... It's a Pity no edit function on lse. .............. To get this this thread back on topic, I'm surprised we didn't get an RNS about white car last week because both the "white car blog" and the RGM 22nd Dec RNS said RGM in Feb 2018 would make another �200,000 investment in White car.

Last post should said "i believe it was in sunny August"

Cannot say i have imagined that (i'm a poster of peace). Though if you want to go deep inside the depths of my mind. I have imagined visiting him in prison (it was an oubliette to be exact). We had all clubbed together to hire a bus to visit him (i believe it was in was sunny August!). Some asked him where he was and if he had any regrets? He said "why would i have any regrets because i'm in sunny Tenerife?" He wouldn't admit he was in the slammer. On our bus trip home we all concluded that he hadn't changed his ways and he was just giving us a forward looking statement (about Tenerife) for when he got out of the slammer in 7-10 years time.

"20 times in the last 24 hrs. Can you guess what??" .......... Errrrr.......................have you upticked (or recommended) 20 of our posts?