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Darren this evening. Big as in shares not in weightyness. Big Darren tweets: "Over the last 12 months the business has generated nearly £5m via numerous avenues. As the market capitalisation currently sits approximately 40% below that figure I politely ask the BOD’s to return the stock granted by the trustees." https://twitter.com/darrenhazelwood/status/938826765996318722 .............................. Perfectly reasonable request. Though i fear it will fall on deaf ears.

most of course was pretty much well known. Must have been over 5 months ago Bell had said that Legacy hill had been brought in to advise on the old Moscicki coal projects and to also look for new coal projects. So i suspect the info in yesterdays rns was mostly old news to most longtermers. I only bring it up because some on twitter yesterday thought yesterdays announcement was dramatic new news but it wasn't because most of it was just old recycled news that the RGM chairman had already said in previous podcasts.

worked for Regency mines for 11 years http://legacyhillresources.com/who-we-are Of course it doesn't mention that he worked for them on the link above but he does say he founded "African resources capital" and if you put Julian Michael Edward Lee in Companies house it says in his 12 appointments are African Resource capital and Regency mines

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this RGM coal debacle. Earlier in the year Bell said that all the numerous placings was to fund and bring two coal mines into imminent coal production but that was just lies and no coal production happened. Now it seems the coal has "only just begun" and they are looking at coal opportunities. (Song) "We've only just begun. So full of coal promises" Of course in springtime Bell did that famous podcast when he made excuses that the coal permits were in the post. (Song). "Stop wait a minute Mr Postman. Whoa whoa whoa Mr Postman Oh Mr Postman look at me, is their a permit in the post for me" ........... Though to be a bit more serious. PIs will remember the coal lies earlier in the year and so would be absolute mugs to pile in now. Today's rns just looks like RGM are employing Legacy hill: it certainly doesn't look like a partnership. So no doubt this will cost RGM a fortune.

RNSes now showing. In regards to this DRC due dilligence. You would think this due dilligence is starting to cost a lot of money because this due dilligence is now in it's 3rd month and from todays rns it has been extended to the end of January. And looking at this 18th October rns http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RRR&ArticleCode=30aqo4ju&ArticleHeadline=Due_Diligence_Process_on_Potential_JV it looks like RRR have employed quite a few people to do this due dilligence and so of course a few months of paying for their services could cost RRR quite a lot.

The only two bits of news i can see here in the short term are the Jupiter half yearly report (that should be coming out soon) and last evening Jupiter confirmed that buyback payments had been paid, so RRR will probably release an RNS later today to confirm that. Apart from that (and maybe a newsletter from Bell to once again wish RRR shareholders a merry christmas and a prosperous new year) but apart from that i see quiet here in the short term. Ominously in the recent RRR annual report it said: "Income streams from the Company�s investment in Steelmin are set to begin with smelter recommissioning in Q1 2018. Given the differences in loan duration the Company would have expected to reduce its outstanding debt to under USD3m by the end of January 2018, whereas the amount due to be repaid by Steelmin in February 2018 will sit at �4.32m. The repayment of this loan on schedule should, once borrowings are repaid, net the Company approximately �1.5m in surplus cash. The Company expects the �1,000,000 of convertible loan notes issued in November to bridge the timing gap between repayments due for its Steelmin borrowings and the date the loan from Steelmin is set to be repaid" ....................... Now some may say pure incompetence by Bell and Kaintz that RRR are paying back their massive YA loan long before Steelmin need to repay back their massive RRR loan, but i'm sure Bell and Kaintz knew exactly what they were doing with both loan repayment structures: they both knew that the more RRR shareholders pay off RRRs massive YA loan then if Steelmin do eventually pay back RRR their ginormous loan (no guarentees) then RRR would be sitting on an huge cash pile. Like Bell says above if Steelmin do pay back RRR their loan money in february 2018 then RRR will be sitting on �1.5 million surplus cash. So yes both these loan structures are to the disadvantage of RRR shareholders...but Scotty and Andrew knew that. And because it's gone awfully quiet on Steelmin lately i've got a nasty feeling that RRR shareholders will be paying off the whopping YA loan way past February.

Todays RRR rns is not showing on lse. So here it is below: ............................................................................................................................... Red Rock Resources PLC Further Extension of Due Diligence Period 5 December 2017 Further to the announcements of 26th September 2017 and 3 November 2017, the due diligence period on four or five copper/cobalt tailings near Kolwezi in the Democratic Republic of Congo has been further extended until 31 January 2018. Red Rock Chairman Andrew Bell comments: "The amount of work carried out on site has not allowed meaningful results to be obtained yet that would enable us to make a well-founded investment decision. The greater part of the available tailings remain untested, partly as a result of a very wet start to the rainy season, and partly due to the very thorough nature of the due diligence we are carrying out. With the Christmas and New Year period approaching, we and the vendors, for whose active and full-hearted assistance on the ground we are grateful, have mutually agreed on this further extension.". ....................................................................

shareholders like Pearce, Greets, Hazlewood, Johnson that this chairman is an huge letdown to most shareholders? and he is pretty ineffectual at promoting this company? In my opinion trust for him is gone. We'll remember earlier in the year shareholders took the brunt of numerous placings and this RGM chairman said that most of this fundraise money would be used to bring two US coal mines into imminent coal production. Of course that never happened: what an huge letdown for shareholders. Let's be honest it's the promoters/rampers who create the share price movement here has they desperately create fantasies about meagre assets being wonderful assets. While they ramp away this chairman happily tweets away during work hours about non work related subjects. Surely they must eventually join forces to prise this chairman away from this job? In my opinion it's not going to get any better here because almost 13 years he's been here. How long does he need? A final thought. When RGM joined AIM in Feb 2005 they had around 120 million shares in issue. RGM had a 20-1 share consolidation in 2015, so if we reverse that consolidation and multiply the shares in issue today by 20 (to cancel out the consolidation) that means that the RGM shares in issue have grown approximately 95 times bigger from when they first listed on AIM back on 22nd February 2005.

Thanks Booboo, yes that was incredibly helpful. So now i've listened to you (also Colin) and i've realised i've been overvaluing Mambare. So now my new value for it is $0. ....................... And Magic, yes i remember you telling me but i don't see any similarities with Vini and Luke. Yes admittedly they both whinge but apart from that i don't see it. Plus on numerous occasions when Neil Howell goes over 3% at RGM Luke says it's him. So look at GBennettr2 on twitter and you'll see him mentioning that he's the over 3 percenter Neil. So definately not Vini. Don't bet me your beloved underpants on it. :)

"Nothing a cup of herbal tea and a sit down in a quiet room with Alan Bennett on the wireless wouldn't solve." ..... That's strange because Lukes twitter name is Gordon Bennett.

Okenia, there was an article on Red Rock Resources years ago suggesting that people don't invest in them because they haven't got a clue what they are or what they do. I guess the same question could be asked today of RGM, do they want to own a coal mine? do they want to invest and have flutters in AIM shares? do they want to be explorers? RGM are at present (in my opinion) a ramshackle of a mess. Bell tries to convince PI's he's a master at everything but he's a master a nothing. He's just a squanderer who leaches off shareholders year after year (with numerous placings) promising the world but he delivers little. In Oct 2009 RGM had 378,927,865 shares in issue but by Dec 2015 RGM had 2,497,434,980 shares in issue. Then they did a 20 to 1 share consolidation and then had 124,871,749 shares in issue but less than two years later they now have 576,491,064 shares in issue. I mention that because on your twitter you was showing displeasure because SAVs shares in issue had multiplied over the years 6 times. Earlier in the year one of these Moscicki coal mines were supposed to bring in millions of revenue into RGM each year. If that were true why would Bell be saying about starting Mambare exploration again or investing money into companies who have an association with battery materials? Surely if coal numbers were true they'd be purely concentrating on the coal? Bell is the problem here because (in my opinion) he's rubbish at his job and getting flukey with UKOG shares doesn't suddenly make him any good. Many PI's distrust him and also think he's an utter disgrace on his twitter. My one day plan here would be to sack him because RGM will never thrive with him being in charge.

Oh i forgot about RGMs stake in Red Rock Resources. That RGM investment should cheer some investors up?

(it may not be the most positive post on lse this evening) Yes we are getting a few optimists saying everything is great at RGM at the moment, but i could see by mid 2018 RGM long sold out of Curzon + long sold out of Alba + near penniless + nothing further happened with their coal investments + their two remaining assets Mambare & Motzfeldt still on care and maintenance. I know i paint a dreary picture but i'm not as optimistic about the RGM future as some folks out there.

Stephen Moscicki's remaining 80% share in CMC and then RGM can take over the $1.65 million Rosa debt and also take 100% operational control of the Rosa coal mine. From my observations it seems the likes of Okenia, Paul Johnson + other twitter RGM promoters/rampers would like RGM to go for it. But i think there is a united front on this because i think those who dislike Andrew Bell would also like RGM to go for it. So lol it seems unity for once. If RGM took the plunge and took over 100% operational control of Rosa then they would have to pay for the development of the Rosa coal mine, they'd have to pay for the equipment needed at Rosa and also pay the wages of the Rosa coal mine workforce + all other costs. I wasn't around at the time but some long termers in Andrew bell's other company RRR say that when RRR decided to become owners of the El Limon gold mine they totally underestimated how costly it would be and they spent many millions on it before they eventually bowed out selling the El Limon mine for huge losses. So i personally think it would be utter madness if RGM pay Moscicki �250,000 for his 80% in CMC and then take 100% operational control of the Rosa coal mine. Though i guess the promoters or rampers see a ramp angle in it and so want RGM to take the foolish plunge. Like i say i think it's utter madness.

Nickel prices a couple of weeks back were around $12,300 per metric ton but yesterday they had fallen back to $11,230. When Mambare was being explored at the beginning of this decade Nickel prices were dramatically higher. See here: http://www.indexmundi.com/commodities/?commodity=nickel&months=120 (4) RGM's last asset MOTZFELDT: RGM picked these licences up for a couple of thousand. Big RGM shareholder Paul Johnson was offered a chance to buy them earlier in the year for �350,000 http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=usod3du6&ArticleHeadline=Grant_of_Option_over_Motzfeldt__Issue_of_Equity . That proposed Motzfeldt sale never happened (5) Various investments in coal baron Stephen Moscicki's coal assets. But from the recent Rosa rns it seems it was an hoax because earlier in the year we were being told that the Rosa coal mine was imminently coming into coal production but from the recent Rosa rns it seems very little had happened at Rosa. Likewise on May 3rd a placing rns was released http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=aj5jglq1&ArticleHeadline=Project_Update_Placing_and_TVR to tell us that a small fundraise was happening to bring the second coal asset into production. In that rns RGM chairman + placing baron Andrew Bell said: "We are very excited with the opportunity presented by the expanding coal business within Regency. Following the extensive work undertaken in recent months Regency now has access to numerous coal projects and has been structuring the transactions surrounding each with a view to maximising the return available to equity, warrant and option holders in the Company. This work has very recently identified certain additional steps that can be taken to accelerate project two into earlier production. Given the substantial benefits this acceleration will provide we have chosen to take a small amount of additional financing to secure this acceleration. 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. These are exciting times and the Company looks forward to providing further updates shortly." ......................................... Because none of it happened we can assumed shareholders were lied to so they got excited about the use of the placing money. Though now it seems like RGMs Stephen Moscicki's coal investments are pretty much worthless. I still maintain this is one of the biggest AIM scandals of the year.

Yes i forgot about that booboo. If RGM do take the plunge and pay �250,000 for Moscicki's stake in CMC then along with the additional money spent on running this company over these next few months then you would imagine RGM wouldn't have much cash left at that stage. I read some the on site annual report the other day and Bell said RGM still owed YA $750,000. That is a little less than i thought but that amount still has to be paid by the beginning of april. But as MrMagic said the other day RGM might get YA to extend the loan payment period... but from what we know so far then by the beginning of April the loan must be paid. ................. SOME OF RGMs assets: (1) RGM own 6,467,500 Curzon energy shares. Though the Curzon energy prospectus document says RGM agreed to a "lock in deed" on 28th September that they mustn't sell any Curzon shares for a period of 6 months. (2) RGM own 74,733,096 Alba shares (bought at 0.4215p a share). But again the 18th October ALBA/RGM rnses lays out this rule: "Any proposed disposal by Regency of Alba consideration shares shall be subject to a six month orderly marketing provision post-Completion" (3) RGM own 50% of Mambare Nickel/cobalt project. The other 50% partners in the Mambare asset is Direct nickel Ltd. Like Booboo said the other week Direct nickel are completely different to the bigger company they once were. Back in the day RGM invested $6 million into them http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=d87vo9zg&ArticleHeadline=Direct_Nickel_and_Mambare_update thinking that DNI's nickel processing technology would become the worlds best. That didn't happen. Recent history from the DNI website: "2015 Windward provides a $1 million secured loan to Direct Nickel Projects Pty Ltd (DNP � the company which holds all relevant IP rights) to enable the company to pursue commercialisation of the DNi Process� 2016 DNP enters Administration which results in a restructuring of the shareholding of that company; DNI Technologies Pty Limited is incorporated as a sister company of DNP to pursue the commercialisation of the DNi Process�; DNi Technologies develops a licencing model to facilitate commercialisation 2017 Shareholders of Direct Nickel Ltd approve an in specie dividend of shares in Direct Nickel Holdings Pty Ltd (which holds approximately 49% of DNP and 30% of DNi Technologies) and Direct Nickel Ltd is sold outside the group" RGM released this RNS in 2016: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=15bs9jb7&ArticleHeadline=Update_on_Mambare_Nickel_Project I personally think some are in cloud cuckoo land if they think DNI's priority is to throw what little money they have on Mambare. Todays nickel prices $11,230 are still low compared to the prices when Mambare was last explored at the beginning of the decade: http://

The recent RGM annual report said that at the end of their financial year (June 30th 2017) RGM had cash of �9,176. (1) Since then RGM sold all their UKOG shares for �1,297,700. The 10th July rns also says UKOG paid RGM an additional �54,498 in cash. (2) 29th November RGM released an RNS to announce that they had sold their final HHDL share to ALBA. RGM received �315,000 in cash and the other half in ALBA shares. The original 18th October sale rns said: "any proposed disposal by Regency of Alba consideration shares shall be subject to a six month orderly marketing provision post-Completion" ........... So the actual cash RGM have received these past few months: �315,000 + �54,498 + �1,297,700. Add all those 3 amounts together and added together they total �1,667,198 ......................... Out of that �1,667,198 RGM paid out �400,000 towards the Curzon energy IPO (28th sept rns). Also earlier in 8th Sept rns RGM announced that had made a $350,000 repayment towards their YA loan. So take those two payments from �1,667,198 and that pretty much leaves RGM with �1 million. ................ RGM were pretty much cashless at the end of their financial year (June 30th) and now RGM are entering into the sixth month of the new financial year. So i'm going to guestimate that around �200,000 has been spent on RGM administrative costs: so let's take that away from the �1 million and that would leave RGM with �800,000. Now this last cash spent will be very controversial and some will tell me that it isn't true but i suspect that "Legacy hill" didn't look over Stephen Moscicki's coal projects to advise on how best to advance them, also they haven't been looking for potential new coal projects, i suspect they haven't been doing either of those free of charge. Firstly i don't believe that Legacy hill are an huge company and i believe Bell said they were brought in around May/june to look over the Moscicki coal projects because they realised Moscicki wasn't up to it. I believe mid year Bell said that LH had put in hundreds of thousands pounds worth of work coming up with a plan for the coal projects. At the time some suggested that Legacy hill were doing all this work for nothing. But even recently Bell said although he calls LH "partners" that nothing has been officially agreed with them. So because it was RGM who first suggested Legacy hill to Moscicki i've got a sneaky feeling that all these 6 months or so of LH scouring looking for new coal mines, looking over Moscicki's mine projects and coming up with a plan: i suspect it could be costing RGM hundreds of thousands and so i wouldn't be surprised if RGMs current cash position is way less that �500,000. Some may say "POPPYCOCK" but i think it could be true.

Wouldn't be surprised. I can Remember in August 2016 Bell did a �300,000 placing a few days before they received an El Limon $225,000 tranche. So because on hotcopper some Jupiter shareholders say they'll receive their next buyback payment on 5th December (so RRR should too) so I wouldn't be surprised if Bell sneaked a placement in before they receive that money.

when this RGM rns was released http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=fs4i5094&ArticleHeadline=Review_of_remuneration_structure_issue_of_options i briefly thought it meant that Bell and team were giving up their RGM wages and instead being paid by share price performance. After all the rns did say: "Remuneration adjustments through grant of options rather than salary will both save the Company cash and tie pay to share price performance" Of course i was completely wrong because the other days "final results" rns said they all still receive an handsome wage.