Member Info for zumore

Ok Maestro, the 18th January RNS doesn't suggest what you say but let's not argue about it. Instead like you say let's wait for the next RRR RNS.

i say Bell would know how much (if any) money Steelmin raised because he is on the Steelmin board.

"still you lot dont understand, it looks certain that the steelmin loan will be extended, nothing sinister in this, it was part of the original loan terms, please read the rns. Should the loan get extended then from next month steelmin will have to pay us monthly! .............. And Maestro what you can't seem to understand is that the 18th January RNS laid out what Steelmin were hoping to do. Which meant that Steelmin now thought they had the creditworthiness to raise substantial funds to repay back their RRR loan in full. So if it turns out that Steelmin still can't raise significant amounts from the professional lenders then surely that would be pretty awful news? Also would they have raised enough money to make RRR monthly repayments? Of course Bell will know how much (if any) money Steelmin raised. The question is would he sit on this vital price sensitive information and not tell RRR shareholders or would he fully disclose to shareholders how much (if any) money Steelmin managed to raise? Let's hope he would do the latter.

Belatedly i've now got a strong feeling Bumbling Bell is going to give us another stinker of an RNS. I guess what i say could be considered as a backhanded compliment? but when i think Andrew can't do any worse he always proves me wrong and outshines my worst estimations of him.

but when i was logged out that allowed me to see your post. So because i'm a nice guy who easily forgives i've took you off my filter. So now i can see your posts again. :) In my opinion this 8 month loan extension would now be seen as a big failure because in Red Rock's 18th January RNS we were told that Steelmin were attempting to raise sufficient money to quickly pay back there full loan to RRR. So if in the coming week we learn that Steelmin failed in raising sufficient money to repay RRR and are instead going to the 8 month extension, then us learning that Steelmin are still struggling to raise money in my opinion could only be seen as a serious negative. Mr Bell being on the Steelmin board would know how much Steelmin did manage to raise but would he sit on this price sensitive information or would he fully disclose to PIs how much money Steelmin did manage to raise? It would be vitally important we were told because if Steelmin didn't raise enough money to be able to make monthly repayments to RRR and Bell didn't disclose this price sensitive information to PIs then that would in my opinion be huge market abuse. Hopefully he would fully disclose to shareholders how much (if any) money Steelmin raised. On the topic of market abuse. In the near future i may retire from investing on AIM. If i come back to investing on AIM in a few years time i would hope that the FCA had cleaned up their act and some of the more dodgier AIM chairman (i won't mention any names) had been found out and were now behind bars and were now serving some hard time in prison. Oh i can but hope. ^^^

Of course that dreadful RNS sometimes doesn't arrive because he just keeps quiet and doesn't talk about it again.

for the week ahead. Will Steelmin pay back the full loan or won't they? Unfortunately over the years in Mr Bell's companies this is all too familiar. You take the risk, believe what Andrew Bell tells you, then more times than not you usually get a dreadful RNS and you clutch your head in despair and ask yourself "Why oh why did i believe that lying toerag?" Never like to see my fellow shareholders lose (because AIM can be nightmarishly difficult enough for those PIs who have no influence over others). So i personally hope that RNS that PIs want does arrive. I'm not overly confident it will but let's hope it does.

And for anybody who's says Rosa coal mine news is no longer important. I would disagree about that because i would say that last year it was mainly Rosa coal mine news along with the incessant pumping that made this share price go from 0.40p to 1.30p. So this chairman not informing shareholders (via RNS) about all the bad stuff that is happening at Rosa is shocking. Hell some PIs still go with what's in RGM RNS's and so they would believe (according to what's in RGM RNS's) that taking Rosa into production would be relatively easy and inexpensive.

have been atrocious. If you look back to the 20th April 2017 when it says about Rosa: � "Final preparatory work in progress including facing-off of initial face, sampling, widening of access road" Also on that same day (20th April 2017) Bell did a periscope Malcolm Palle interview when he repeated the above and said all that needed doing before Rosa production could begin was widen the access road and make the coal face a better nicer angle. So just reading through RGM RNS's you would assume bringing Rosa coal mine into production would be very simple and relatively inexpensive. But looking back at poster ALEXAIL50 informative first lse post http://www.lse.co.uk/member-info.asp?nick=alexail50 you'll see he/she lists a catalogue of Rosa mine violations and yet the Regency mines chairman Andrew Bell hasn't bothered to inform PIs of this important price sensitive information. Also last month another poster BRITTO informed us that court proceeding were happening over Rosa coal mine payments http://www.lse.co.uk/member-info.asp?nick=alexail50. Yet again Regency mines chairman Andrew Bell doesn't bother RNS this information to shareholders. I recall seeing an outraged Stephen Pearce on his twitter the other week being disgusted with the BMR (possible chairman) about possibly not informing shareholders about price sensitive news. Well what's the difference between him and this chairman? because Bell sits on bad news and doesn't keep shareholders updated on vital Rosa news.

with the lack of important price sensitive information this chairman provides RGM shareholders. First quick point. Over at his other company RRR it was announced some months ago that RRR were doing due diligence on a Congo copper/cobalt asset. To keep RRR shareholders informed RRR RNSed on 3rd November that due diligence had been extended. Then on 5th December another RNS to announce another due diligence extension. Then on 31st January yet another RNS to announce that another extension to the DRC due diligence. Now onto RGM. On the 24th November RGM released an RNS that they were doing 60 days of due diligence to buy the remaining 80% of Stephen Moscicki's company Carbon minerals corporation. That RNS said: "In consideration of a refundable advance of �34,800 by Regency, US Carbon Resolutions Corporation has given Regency an option to buy the 80% of Carbon Minerals Corporation ("CMC"), the owner of the Rosa Mine, not already owned by Regency. Regency will now have a period of sixty days in which to carry out a comprehensive due diligence on CMC and the Rosa Mine. Should Regency be satisfied with all aspects of this due diligence, and subject to other conditions, Regency would be able to acquire the Rosa Mine, including the wash plant and all other property rights, rights of action, leases, licenses, permits, shareholdings and other rights including the entire ownership of MCoal Corporation, the direct holder of the Rosa Mine, for the sum of �250,000" ............ The above 60 day due diligence would've ended on 23rd January yet RGM haven't had the decency to officially inform shareholders (via RNS) what they had decided to do after 60 days of due diligence. Did RGM decide not to proceed with the purchase and so did Moscicki give RGM back the above �34.800 advance? Or after the 60 days of due diligence have RGM decided to extend the due diligence? You would think either of the above outcomes would be price sensitive information and so RGM shareholders should be informed by an official RNS. After all the shareholders of his other company RRR get informed as to whether due diligence at their possible DRC purchase has been extended. Yet at RGM he doesn't have the courtesy to officially update PIs. It's shocking.

For new PIs in RRR. This chairman is very famous for Friday night after trading hours RNS's. So still keep a look out for one until 6.30pm.

Well if Bell ever ends up in one then we certainly will.

As Greets told me on a couple of occasions it's supposed to be a tongue in cheek account and now apparently Gert has passed on to the Rosa mine in the sky. But from looking at lots of her cartoons they did turn out to be true. By the way 'Gert' is a virtual anagram of 'Greets'????

Booboo, looking through her posts she was even rude about me. LOL shocking! https://twitter.com/Geriatric_Gert/status/905690156564447233

"so not going to invent a feelgood announcement" https://twitter.com/Geriatric_Gert/status/964148791560626176 .... Well that's what you were doing in the earlier part of last year and most of that coal content in those RNSes turned out to be a load of rubbish.

Yes i know MrMagic. And because that Euro 3m + Euro 3.8 m totals around about �6 million, and because the 18th Jan RNS said Steelmin were also wanting the fundraise to help them complete the works at the Ferrosilicon plant. Then i wouldn't be surprised if Steelmin are looking for around a �10 million loan. Of course that's only a wild guess by me but it wouldn't surprise me. That to me seems a pretty unrealistic amount for them to be able to lend. Of course that good news RNS could drop at anytime and so i don't want to come across as a big doom merchant just yet.

In last post that should read " So because of that i would be very surprised if Steelmin manage to raise their desired amount of money"

As i've said in the past, looking at this potential loan to Steelmin from a lenders point of view then i can see little appeal in making them an huge loan because if Steelmin failed to repay the loan and the lenders were left lumbered with a ferrosilicon plant then what on earth would the lenders do with it? I'm sure some would say "sell it stupid!" but i very much doubt that such a specialised business would appeal to many if any buyers. So because of that i would be very surprised if Steelmin manage to raise their amount of money.

if Steelmin don't get sufficient funding to repay RRR back in one payment is that we would be left wondering "how much money did Steelmin actually manage to raise"? Would they have raised enough money to complete the works at the ferrosilicon plant to bring it into production? If Steelmin switch to the 8 month loan extension would they have raised enough money to be able to make Red Rock monthly loan repayments? With Bell on the Steelmin board and Kaintz an observer on the Steelmin board you would think they would both know exactly how much money Steelmin would have raised in the fundraise and then with main priorities aligned to RRR shareholders they would spell out in an RRR rns how much money Steelmin did manage to raise. Though if Bell decided not to let RRR shareholders know via RNS then it would be just the same usual shocking quietness from him when something goes wrong. Though of course still time for Steelmin to repay back the loan in one full payment but to me it's absolutely vital that this full loan repayment is soon made.

You are making two huge mistakes Maestro. (1) Dismissing how much of a shocker this chairman is and thinking it's not a big deal. (2) And you considering filtering a nice guy like me. I will save you the trouble because I've now put you on my filter.