Member Info for zumore

post from April 28th last year: "Rosa delays are a few days. These are insignificant and not significant as you state. Coal production could have started by now if the auger method used. Production was delayed purposely so the highwaller method could be used and monthly production outputs increased. We experience a few days delay while area made safe for operatives. All totally understandable to those that have researched and invested in RGM" ................................ Why did he believe that? Because he's very gullible and he believed everything this chairman Mr Bell was saying. I can remember Stephen also getting excited on his twitter believing coal production had started. Most bulls were believing coal production around April last year was hours or days away. Of course if anybody back then had suggested that coal production wasn't going to be happening anytime soon, no doubt they would've been called a nasty 'deramper' and they would've been told that coal production was imminently happening because in both interviews and RNSes Mr Bell said it was happening. So Kabaa, you must have a goldfish memory because this chairman last year was most definitely misleading PIs when he talked about imminent coal mine production. Of course the ramifications for last years fibs is that very few will believe this chairman this year. Which of course is terrible for shareholders in this share.

RNS: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=aj5jglq1&ArticleHeadline=Project_Update_Placing_and_TVR Here's a snippet from the above RNS. Though in all honestly many RNSes we could choose from. Here we go: "Regency can confirm that preparatory steps for high quality metallurgical coal production and sale at its first project, the Rosa Coal Mine (in which the Company has a 20% interest), continue smoothly and the Company anticipates announcing commercial production in the very near term; � The Company has also identified an accelerated pathway to commercial production at its second project, as referred to in the announcement of 20th April 2017, and stripping is now underway and additional plant is being brought to site, so that the project can be brought into production imminently through an initial simple strip mining operation; � Acceleration of the second project is considered advantageous as it will lead to immediate significant revenue and margin generation, will clear faces for subsequent highwall mining, and will allow the crystallisation of substantial offtake agreements; � To achieve the above and other purposes the Company has secured �306,000 of additional working capital through a placing with a small group of high net worth investors and the issue of 33,999,996 new ordinary shares of 0.01p each (the "Ordinary Shares") at a price of 0.90p per share (the "Placing Shares"), representing a 2.3% premium to the closing mid-market price of 0.88p on Friday 28th April (the "Placing");" Andrew Bell says same RNS from: "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" .......................... Kabaa, i don't see two coal mines that came into coal production do you? Lies through lots of RNSes. Poor old Stephen was duped in the above placing because he was told that his above placing money would be used to speedily bring the second coal mine into production. IT DIDN'T HAPPEN! Poor old Stephen got suckered to part with his money: HE WAS HOODWINKED! And if he looked at the November 2017 annual report he'd have seen that by RGMs year end on 30th June RGM had barely over �9000 left. So his placing money was long gone by that stage and his second coal mine never did come into coal production. In my opinion one (if not) the biggest AIM scandals of 2017. It was absolutely scandalous how PIs were misled.

Colin i actually don't mind Stephen. Yes he may be mega loaded but he does have my sympathies as far as RGM is concerned: because Stephen + Darren + Paul (i believe they call themselves the ratpack?) are trapped in RGM. Getting out of this without huge losses will unfortunately be virtually impossible for them. I'm sure Stephen is desperately hoping that AB can quickly give out the name of a new coal asset so he can quickly do a mega billion in-situ value on it .. and then of course the ratpack can get that mega ramp started. :P

There is insufficient RGM money Stephen. I've noticed you want both Mambare exploration + the coal. Unfortunately i think you'll have to settle for another White car investment.

Sorry Indivestor, i made myself unclear about the 93 million shares. At RGMs December annual meeting they were given permission to issue an additional 600 million shares until the next annual meeting (assumedly in December 2018). So when RGM did a �1,050,000 placing in January they issued 190 million shares + 190 million warrants (so a total of 380 million). Then a few days later RGM did a teathers app placing and issued another 18 million shares + 18 million warrants (so a total of 36 million million). Big RGM shareholder Stephen Pearce said that the warrants in the placings will count towards the number of additional shares that a company can issue. So that means that since the RGM annual meeting RGM have already issued 416 million of their 600 million allowed additional shares. So RGM can only issue another 184 million shares between now and December and because warrants are almost always included in placings these days then that would mean RGM could now only do a placing of a maximum 92 million shares (not 93) + 92 million warrants. So at todays share price, that would mean that all that RGM have left in placings this year is around �500,000 (so not a lot ) So when todays RNS said that RGM would contribute a maximum of $2 million towards a coal joint venture, then that didn't really make sense because RGM do not have that fund raising power this year. So like last year i think there may be coal talk this year but not much coal action. So i hope i made myself slightly clearer? But no 93 million new shares yet.

LOL colin! :) With RGM talking about coal again i'm going to have to learn how to spot photoshopped photos. That way if i see a photo of Bell wearing a safety hat, holding a piece of coal, stood next to an highwaller , then i'll be scrutinizing that photo in detail to see if it's been photoshopped. Unfortunately after RGM lied to PIs over the coal last year then now i don't trust Bell on anything.

Because it looks like RGM have too little money to do what they want to do, it would be bizarre if they still invest another �200,000 in car rental company 'White car' in a day or so. On the surface you would think far greater priorities than sinking another �200,000 in 'White car'.

I'll bow down to big RGM shareholder Stephen's superior knowledge on warrants and he agreed the other week that RGM only had the permission to place a maximum of a further 93 million additional shares this year if 93 million warrants are also given in a placing. So at todays mid price (of 0.50p) that would mean RGM could raise an additional approximate amount of �500,000 if they did another fundraising. RGM also have around �260,000 in ALBA shares + around �600,000 in Curzon energy shares. But RGM are locked into both of those shares and can't sell either for a few more months. So unless RGM are sitting on huge cash reserves (which i doubt) then the three above amounts (at present prices) would be the maximum amount of money RGM could have this year. So considering that Bell and Kaintz don't work for free then in no way can i see how RGM would have enough money to fund the coal JV with Legacy hill. Plus of course RGM have also been hinting they may be doing exploration work at Mambare this year which would also be incredibly expensive. So like Booboo i think RGM in no way have sufficient money. Though in todays RNS no mention of any new coal assets so maybe it'll be years before anything happens with the coal?

"Decimated the RRR share price "

Yes Vbeckers I am on your side. We will often see the newer RRR investors telling us that it was a bear market a few years ago and only a fool would've invested in RRR back then. But Bell back then wasn't thinking it was a bear market because instead of cocooning the company by doing few investments and by minimizing dilution, back then he was relentlessly raising cash , he had a big overblown workforce and he was still 'going for it' by raising money for new investments. To be frank, Bell was reckless and decimated the RRR share or price. Of course on top of that was his misleading RNSes and misleading interviews that completely suckered in the PI. Of course Bell fanboy Okenia cannot really be serious because he lived the RGM fiasco last year when PIs got well and truly suckered in by Bells "Rosa coal mine is imminently coming into production" RNSes, tweets, interviews. Of course those RGM PIs can rightly blame Bell for completely misleading them over those "still not happened" coal projects. I think you need to apologise Okenia.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=gcsg3uac&ArticleHeadline=Rosa_Mine__Update "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" ................................................... When you read things like the above you see that PIs almost a year ago were totally misled in lots of RNSes and for that matter on RGM twitter. .................. Booboo, i think you maybe correct about a White car RNS dragging this share price down further because i recall when that White car investment was first announced (on Friday 22nd Dec 2017 at 11.55am) that RNS was just a few minutes before the long christmas trading break kicked in. I remember lots of hilarity at the time with lots of gobsmacked PIs amazed that RGM had just invested in a car rental company. So if RGM do announce that they've invested another �200,000 in White car then i expect twitter will have another field day and again this price will drift lower.

In earlier RGM RNSes it said RGM would be making another �200,000 investment in car hire firm 'WHITE CAR' during February. So maybe RGM could soon RNS that announcement?

Hi Booboo, sorry i wasn't on at the weekend so sorry about my late reply. Yes on Mambare you are so right. Yes RGM may soon announce some pottering around on the Mambare asset but with insufficient funds it will be pretty meaningless. When i looked back the other week at old RNSes RGM and it's then partners committed around a �1 million each when they drilled around 4000 metres at Mambare in 2010/2011. So little chance of RGM contributing that amount and i would say zero chance of the other individuals contributing anything. So my hunch is that very little will be done at Mambare this year. Looking at the RGM website it says exploration first began at Mambare 58 years ago in 1960. It also says RGM first acquired the Mambare exploration license in 2006 and in 12 years they've done around 8000 metres of drilling, and with zero amount of drilling these past 7 years. This RGM chairman is always flitting from one project to another and so to PIs he gives no impression he's really committed to furthering Mambare. With some exploration companies they have one asset and they have tunnel vision commitment to advancing that asset but it's never like that with the flaky individual that is Bell. So because of that i cannot see PIs getting excited over Mambare. .................... And like i said the other week i'm puzzled why Legacy Hill Resources would be partners with RGM on a coal project. I say that because in the past this chairman tells us that Legacy hill are using their expertise to look for suitable coal projects, this chairman also tells us Legacy hill have the expertise to manage and run a mine. So in this partnership Legacy hill would obviously be the 'expertise', so you would say that RGM would be the 'money' in any coal project? But i don't believe RGM have much money and so because of that i'm puzzled why Legacy hill would possibly want to be partners with RGM when RGM have nothing to offer Legacy hill. So on both Mambare and the coal it simply doesn't add up: RGM don't have the money.

It was pretty disastrous for RRR shareholders. I remember when the intended El Limon sale was announced in May 2014 the RRR share price was around 0.27p and when the sale completed just over a year later the RRR share price was around 0.07p. Then quickly afterwards RRR invested in Elephant oil and RRR gave the E.O sellers some RRR shares and then those sellers promptly ripped down the RRR share price to under 0.03p. So this chairman Andrew Bell did Two deals but in the process the RRR share price got destroyed. In my opinion Bell just isn't popular with the vast majority of PIs. Whenever Bell gets money from Jupiter or El Limon or Steelmin I reckon the vast majority of PIs would think "who gives a stuff if the money squanderer Bell comes into money". It certainly won't make the vast majority of PIs pile into to RRR. So absolutely baffles me why PIs would want him running RRR because even when deals are done it does little for the share price. The reason for this in my opinion is the Andrew Bell effect because he's massively unpopular with most PIs.

Must confess i hadn't noticed the UKOG price had plummeted lately. I've seen some on twitter say that lots of the chat board posters wanted AB to hold onto the UKOG shares but i cannot remember any posters wanting him to hang onto them. I recall Andrew Neil on twitter suggesting that RGM should hold onto them but after such a dramatic rise most thought it was obvious and sensible that RGM should sell at the first opportunity. Just to confirm here a snippet of my post from mid August: "So if this 1.9% HHDL sale eventually concludes and RGM get their 17.3 million UKOG shares at 1.55p + no strings attached meaning they get those UKOG shares and the deal doesn't involve holding onto those UKOG shares for a certain period: so if no strings attached then i think he'd be absolutely bonkers not to sell them. Like others i've been very surprised how well the UKOG price has held up. So if RGM do ever get these UKOG shares (no guarantees they will) but if they did then i'd suggest they sell them in an afternoon selling frenzy. So that's why i think if he got those UKOG shares he definately would sell them" ............... Virtually every other poster on here was also saying the same.

shareholders having Andrew Bell running Red Rock? I've noticed on AIM the leaders of AIM companies need to be somewhat popular for them to appeal to the masses of AIM investors. Yes sure Bell appeals to a few PIs, but over the years he's let so many long termers down that they now wouldn't touch his companies with a barge pole: in other words (from my observations) he's deeply unpopular with the masses of AIM PIs. So although this Steelmin deal was in no way perfect for PIs because of course Bell raised over �1 million to repay back YA + no doubt he also used lots of the Jupiter buyback money to repay some of the YA loan. So wasn't perfect but i'm sure many PIs expected a better share price reaction to Steelmin paying RRR back their loan. I actually put this vicar of damp squibly share price reaction down to the Andrew Bell effect. So it always amazes me that shareholders give Andrew Bell this job for life: the guy is so uninspiring and so ineffectual at making this share price increase. Of course he won't step down and so shareholders need to be selfish and do what's best for there pocket and therefore oust him out of his job. With Mr Unpopular remaining at the helm it's never going to get any better.

You keep blurting out that Andrew Bell is still running RRR is not wise. :) And i don't think this price will rise particularly high today because most veteran PIs don't appreciate Andrew's ability.

"Yes great news. Superb deal completed by AB . All posters should congratulate him on his ability. Fantastic work." ........... Yes good news about the Steelmin repayment. But congratulate AB? In my opinion he is still a dreadful chairman and the money will soon be squandered away. And if you think it's a clever idea to goad people into congratulating AB on his ability then i'm sure they would have no problem in dredging up all the past sh**y deals he done. Lets hope he lets Scott do the interviews today.

Good news about the Steelmin repayment!

"i dont know if its one person, but you guys are sad, you take comfort in people losing money, my average is around 0.9p and im confident in the next few months this will be alot higher" .................... I believe i first invested in RRR back in 2013 and i'm sure back then i was hopeful and cheering on my investment by putting some positivity in my posts. So that you do the same is perfectly normal. Do i trust Andrew Bell or think he's a good chairman? No on both counts. He almost always lets shareholders down. Onto shareholders like you Maestro, i really hope you make a profit in Red Rock. Of course if Bell released a stinker of an RNS no doubt i'd make a negative post or two but at the end of the day Andrew Bell would be the reason for the share price dropping if he released some bad news. So just to be clear, i really hope you don't make losses in Red Rock. Good luck. PS: Please don't blame me if you do.