Member Info for zumore

investing �140,000 here. Even if Steelmin do repay RRR back then it is vitally important for shareholders that they repay RRR back in one payment. Long termers know that when RRR get drip drip payments it does nothing for the RRR share price. So in my opinion it is of the upmost importance that Steelmin repay RRR back in one big payment otherwise I fear the RRR share price will not respond to Steelmin repaying RRR back in installments.

so they've got no choice but now try to raise funds or else they probably won't be able to afford to complete the works at the plant to reopen it. From 18th Jan RNS: "The Note proceeds would be used primarily for repayment in full of the Red Rock Loan, with some used for plant completion".

"The Loan, issued as part of the back to back arrangements in June 2017 by which Red Rock provided financing to Steelmin, consists of an 8 month secured loan note for �3,848,500 plus fees of 7.5% of principal and accrued interest at 13% p.a., and was to be extendable for a further 8 months from 21 FEBRUARY 2018 for an additional fee. o To fund the Loan, Red Rock borrowed in June 2017 from a group of institutional investors a partially renewable facility of $4,230,750 on a secured basis for a term of one year bearing interest at 13% p.a. (the "Note"), of which approximately $2,865,004 including fees and accrued interest remains outstanding"

"Plan coming together" ..... LOL not it's not. :) PS: Unless you mean the plan for RRR is coming together to inflict another big fundraise on RRR shareholders?

"Hopes" never gives confidence when you see it in an RNS. It's another way to say "fingers crossed" that something will happen. So not good.

https://www.investegate.co.uk/red-rock-resources--rrr-/rns/update-and-tvr/201801310700044008D/ Doesn't look great because everythings been pushed back: swept into the future.

angle. RGM paid back a total of $1,285,115 to receive a $900,000 loan from YA and the loan was repaid back in under 10 months. So because all the various interest, fees, prepayment penalties added $385,115 to the $900,000 YA loan, that means that was the equivalent of over $38,000 of charges that were being added to that $900,000 YA loan each and every one of those 10 months. To me that is mind boggling. And even more mind boggling today is that some on twitter are congratulating Bell.

Booboo, if Bell had done a placing instead of the $1 million YA loan back in April 2017 then RGMs debts would've been cleared back then. So people who are praising Bell today for making RGM 'debt free' is bizarre.

Don't know Joe. I know Bell and Winnifrith are pretty pally with Brian Kinane who used to work for YA. Kinane now works for Riverfort Capital (who most PIs consider a death spiral), He works for Curzon (RGM strangely invested in them). He works for Shard Capital (i believe that's who PIs have to join to do teather app placings). https://beta.companieshouse.gov.uk/officers/pJQMiFHIA1LO2manoHkubGjDsqs/appointments I recall Bell thanking Riverfort for helping RRR arrange the huge loan they lent Steelmin. Though in answer to your original question, i don't know. But over the years RRR/RGM have become one of YA's best customers so Bell's must be pals with a few of them at YA.

post should've said "Atrocious YA loan by Bell in 2017"

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=ic7xwuht&ArticleHeadline=Convertible_Loan Looking at the above April 2017 $1 million YA loan RGM initially paid $100k in fees and the company received $900k. Then 9th September 2017 http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=ic7xwuht&ArticleHeadline=Convertible_Loan they repaid YA $350k off the debt. Then today RGM finish repaying the YA loan by paying another $835,115. So September's $350,000 repayment + todays $835,115 repayment = $1,185,115. Let's add on the $100,000 fees that RGM got charged when they initially took out this loan in April 2017. So $100,000 added onto to the $1,185,115 = $1,285,115. So RGM received $900,000 in April 2017 and with all the various charges (prepayment fees + initial loan fees + interest charges) RGM have paid out an extra $385,115 in various fees. That's shocking! And LOL some are now praising AB on twitter for a canny bit of business. The company got charged $385,115 in additional charges for a $900,000 YA loan. Like i say absolutely shocking YA loan by Bell and Kaintz.

about Teathers app placing. Didn't show on lse and so i've only just noticed RGM released an RNS today: https://www.investegate.co.uk/regency-mines-plc--rgm-/rns/closing-of-fundraise-through-teathers-app/201801291513242426D/

"�1.29m of fresh equity capital was raised at a pre-money valuation of �5.85m from two sources: �893,000 from a successful Crowdcube campaign � the campaign was 137% overfunded � and �400,000 from Regency Mines PLC, a company quoted on AIM at the London Stock Exchange. Regency Mines invested �200,000 at the end of December 2017 and will invest a further �200,000 in February 2018. Regency Mines have an option to invest an additional �250,000 at a 50% premium by October 2018. Whitecar is delighted to welcome Scott Kaintz, COO of Regency Mines, to join the Whitecar board." ......................................... So could be many more Regency mines investments in car hire firm 'White car' during 2018.

60 days due diligence that was RNSed on the 24th November would've ended on the 23rd January. So because now 6 days have elapsed since the Rosa DD ended you might have thought RGM would have updated PIs on Rosa with an official company RNS. My guess is that RGM will not proceed with acquiring Mr Moscicki's 80% in CMC and instead RGM will give full focus to promoting their White car investment during 2018.

It seems i've wrongly been reading the 26th September DRC RNS because i had always thought the $700,000 cash payment and the �490,000 placing at 0.65p a share were the same payment because $700,000 converts into around �490,000. Looking back at this thread it seems many think that RRR would initially have to pay the DRC seller �490,000 (in 0.65p placing shares) and also another $700,000 in cash.

'Helpful'. I personally wouldn't ask for his/her opinion when he/she is in a share because from my observations of he/she being in MYN he/she is always bullish even though the MYN share price is many hundreds of times smaller than it once was. So absolutely deadly to ask for his/her opinion on a share. So do your own research.

Booboo, MrMagic would've known that was a jokey big tongue in cheek question that i asked him the other day. Me and MrMagic have on the very rare occasion been on the same lse threads these past few years and i know he has a good sense of humour and so he would've saw the funny side in the ludicrous question that i asked him the other day :) And like you booboo the warrants wouldn't entice me. And to belatedly answer your question that you asked me the other day, yes it was this June 2012 RNS http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=fzzdh2kk&ArticleHeadline=MAMBARE_NICKEL_LATERITE_PROJECT_AND_DIRECT_NICKEL which said: "The perception of the JV partners at this stage, when a sizable resource has recently been declared, is that further drilling would not increase project or shareholder value to a degree proportionate to its costs, and ultimately might be value destructive. A Value Engineering Study will enable the partners to identify and assess the optimal pathways to progress the project." ............... So yes they concluded back then that sinking more money exploring Mambare may not be worth it because they could spend a couple of million more on exploring Mambare further but it may not add a single penny to the value of Mambare.

posted I think i can spot Stanley Baxter and Benny hill. https://mobile.twitter.com/armcmb/media/grid?idx=0

Thanks Okenia. I'm never involved in placings so it never crossed my mind that the company must always assume that the warrants will be made live. So because warrants are almost always given in placings these days then i'm amazed how little RGM can issue in new shares for the remainder of this year. And Booboo i think your number on CZN is correct but on ALBA the November ALBA RNS said: "The total consideration payable is �630,000 including the assignment to Alba of the benefit of all accrued loans in respect of the 3.1% interest. Of this consideration, �315,000 is being settled by the issue to Regency of 74,733,096 fully paid ordinary Alba shares at a trading 15 day volume weighted average price of 0.4215 pence per share ("VWAP"), with the balance payable in cash" ....................... So RGM received have already �315,000 in cash from ALBA and i'm assuming they still have those above shares in ALBA. So just below �300k in ALBA shares.

"What you haven't accounted for, the associated warrants come out of the existing authority at the time. So 190, plus Teathers circa 18m = 416m authority used up of this years allocation. Thus 184m remaining" .............. I must admit i didn't know that. Just to be clear are you saying that RGM must assume that all the warrants will be used between now and the next AGM and therefore with only 184 million of the 600 million possible shares remaining then that would mean if for example RGM did another placing tomorrow then if they issued one placing share with one warrant then the maximum shares RGM could issue would be 92 million shares + 92 million warrants (so 184 million)?