Member Info for zumore

the below link shows Bell on twitter from a week or two ago showing zero gratitude towards his pay from shareholders. https://mobile.twitter.com/armcmb/status/932395671738568704?p=v

FROM ALBA'S RNS (because it was a bit more clearer than RGM's) "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." ................ FROM 18th OCTOBER RGM RNS: "Any proposed disposal by Regency of Alba consideration shares shall be subject to a six month orderly marketing provision post-Completion."

Yes Joe, it's mindboggling how all that money raised in the earlier part of the year was down to just over �9k by the end of RGM's financial year, June 30th. I know belatedly Bell came to the conclusion that Moscicki was useless but it seems he only came to that conclusion after he handed Moscicki's companies all of RGMs money. ....... Okenia does it please you i've said Moscicki's companies? I'm sure he's basically a one man band in his companies so he still gets the money RGM gave him.

"Regency began its 2016-17 financial year with a share price of 0.35 pence, and ended it 63% higher at 0.57 pence. It began the year with a market value of �883,000 and ended it 272% higher at �3,286,000" ................................... I can remember at the end of 2015 this RGM MCAP was around �400,000. But don't let the pumpers kid you that this MCAP is still at rock bottom because as the RGM chairman highlights from 1st July 2016 the RGM MCAP went from �883,000 and by 30th June 2017 the RGM MCAP had risen to �3,286,000. So this is no rock bottom MCAP because it's risen dramatically in these past 18 to 24 months.

that RGMs cash position at the end of their financial year on June 30th was just �9,176. Bear in mind the fundraise at the end of last year + the numerous placings and the $1 million YA loan that was took out in the earlier part of this year: out of all that just a measly �9,176 was remaining on 30th June. In todays rns under "Payments for investments in associates and joint ventures" it says �1,531,778. So i'll assume that the majority of that �1,531,778 was squandered on the Stephen Moscicki coal investments. Bell should in my opinion have been sacked for how much money RGM handed to Moscicki. With correct more thorough due dilligence i'm sure RGM could've avoided investing with Stephen Moscicki and of course handing a single penny to him. Of course too late for that now. ...................................... Of course in the new financial year Bell got lucky with the UKOG shares multibagging in price. Without that happening RGM would be in a dire financial mess. I know some have praised Bell this year but for me he's had a shocker of a year.

Why do you say the cash went to SM (personally) as opposed to the JV vehicle (CMC)?" ......... Okay i'll correct myself and say that if RGM were contributing to those $25,000 monthly payments (which were outlined in 25th Nov 2016 rns) then i suspect RGM would've made those payments to CMC. Okenia we haven't had your view on the earlier in the year coal rnses? Any views on Moscicki?

Cashking, with the many RGM fundraises earlier in the year (for the numerous Stephen Moscicki coal projects) most assumed back then that aside from RGMs initial �250,000 investment into Stephen Moscicki CMC (for a 20% stake) that RGM were also handing money over to Moscicki to help Rosa get ready for coal production. So back then i would've assumed RGM were also paying 20% of the $25,000 each month to help pay off the $1.65 million Rosa debt but Fridays rns suggests that all of that $1.65 million is still outstanding. So now i'm unsure. Though of course RGM may have been giving Moscicki monthly payments but he he never made the payments. I doubt this chairman will admit if he did or not. I think it's dawning on most that very little that was said in the RGM coal rnses earlier in the year was true. Bell said in later interviews that Moscicki was preventing RGM from visiting the coal sites and so it seems they were updating the market with just the information that Moscicki was telling them. Though lots what he told them seems complete BS. I actually remember Stephen Pearce and friends having a day out in Wetherby to meet Stephen Moscicki and Stephen who is apparently a good judge of character was extremely impressed with Stephen Moscicki. He said this on the 6th May 2017: (1) "We went to SM's offices, not to the US sites" ....... (2) "Yup, myself and others asked to go meet SM. We were all very impressed with SM and the scale of his US operations" ....... (3) "SM isn't sat with his finger up his hole, he's paying his part and driving it forwards" ......... So that ^^^ was Stephen Pearce's assessment of Mr Moscicki.

Booboo, in regards to the $1.65 million debt the RGM November 2016 rns says: � "Regency has signed a conditional binding Heads of Terms to acquire a 20% shareholding in CMC, a special purpose company formed to hold the Rosa Mine which is being acquired for an aggregate consideration of US$1.65 million payable US$25,000 monthly plus a royalty per ton produced" ............. So if RGM decide to pay Moscicki �250,000 for his 80% of Carbon minerals corporation then i presume RGM would be paying off the $1.65 million on the same terms as above. What i learned from Fridays rns is that Moscicki has zero remorse on how he lied about how advanced Rosa was and how near to production it was. Any remorse and he could easily have said to RGM "i misled you constantly about Rosa and so if you want you can have my 80% share of CMC for nothing and then RGM would take over Rosa and take over the debt of Rosa". But not a bit of it from a non contrite Moscicki because he wants �250,000 so RGM can take over CMC and then take over the debt at Rosa. In RGMs position i would tell Moscicki to "get stuffed and keep your worthless 80% of CMC and therefore keep the $1.65 million Rosa debt yourself" I'm actually being kind to this chairman in all this because i could say he knew about Moscicki's Rosa mistruths but he still reported them but i believe the reality is that he was just a gullible mug who initially got suckered in by Moscicki and RGM then handed Moscicki more and more money has Moscicki told them more and more lies. Though his ineptitude in all this in my opinion should be a sackable offence.

For so long we were told that the Rosa coal mine was RGMs most advanced, near producing coal asset. Yet on Friday we learned that RGMs 80% partner at Rosa is willing to hand over the Rosa coal mine (along with it's $1 million plus debts) to RGM for �250,000. So because he values his 80% at �250,000 then we can assume he values RGMs remaining 20% at �62,250? So for months we were being told that RGMs investments in Stephen Moscicki's coal companies could be worth millions to RGM yet on friday we were told that RGMs 20% investment in stephen Moscicki's most advanced coal project is worth just �62,250. So it seems at present RGMs differing coal investments with coal baron Stephen Moscicki are near worthless.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=fzzdh2kk&ArticleHeadline=MAMBARE_NICKEL_LATERITE_PROJECT_AND_DIRECT_NICKEL did RGM ever release the outcome of the above 2012 "value engineering study" that was being done to show the best ways that the Mambare project could be advanced? I've sifted through the old RGM rnses but i cannot find the end results of the above value engineering study.

http://markets.businessinsider.com/commodities/nickel-price What is it now around 5 years since RGM + partners DNI did anything at Mambare? Looking at the monthly nickel prices in those days http://www.indexmundi.com/commodities/?commodity=nickel&months=120 the nickel prices back then were significantly higher than today.

all these 100,000/150,000 buys are one person attempting to give the impression that RGM is popular with many small buyers this morning. Of course i may be wrong but on many occasions over many months i've noticed similar buying patterns.

I wrongly said: "So Friday's rns suggest that if RGM pay �250,000 to Moscicki to buy the remaining 100% of Rosa then RGM would become the operators at Rosa coal mine." It should've said: So Friday's rns suggest that if RGM pay �250,000 to Moscicki to buy his remaining 80% of CMC then RGM would become the operators at Rosa coal mine.

took out their $1 million one year YA loan: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=RGM&ArticleCode=ic7xwuht&ArticleHeadline=Convertible_Loan I calculate RGM still owe near $800,000 on this loan and because the above rns says: "b) If the price of Shares is below the Fixed Conversion Price the Lender may elect to convert at the Variable Conversion Price, but if it does so it is restricted to Conversion of a maximum of $200,000 in any one month;" So because it says YA can only convert a maximum of $200,000 each month into RGM shares, then because RGM still owe near $800,000 on this loan and because there are only 4 months of this loan remaining, so to me that means YA must soon start converting this debt RGM owe them into RGM shares. Of course RGM may yet decide to pay off this YA debt in cash. I guess we'll soon find out.

CONTINUED: I also remember reading about previous Rosa mine operators (MCOAL) rearranging where they would begin mining operations at Rosa because they found out that if they wanted to use "mountain gap road" then Blount county council would be charging them huge bond fees because mountain gap road hadn't been specially reinforced to take heavy loads so if heavy coal trucks were going to repeatedly use mountain gap road then this would undoubtedly churn up the road: so mountain gap road would need repairing, hence the huge bond fees. So if i remember correctly previous operators MCOAL rearranged their mining operations so they wouldn't have to use "mountain gap road" until they started "increment 3". Just before Rosa mine closed MCOAL had finished coal operations on increments 1 & increment 2: but then they closed down the Rosa mine so they avoided paying the huge bonding fees which would've enabled them to use mountain gap road. So if RGM are to become Rosa mine operators then they would have to take into account the costs of them using mountain gap road. ............................ Of course in mining there is the costs of reclamation bonds: Here is a reclamation bond summary: http://blog.suretysolutions.com/suretynews/4-fast-facts-about-reclamation-bonds So of course if RGM become Rosa mine operators they would have to pay for the reclamation bond. ............................... In numerous interviews i have heard this chairman saying that the Rosa coal wash plant cost over $10 million to build. Now we know that Stephen Moscicki is no longer interested in Rosa and also Legacy hill aren't interested in partnering at Rosa and so we can assume they care little how much the wash plant originally cost and they only care about if the actual mine could be a success. They must've concluded "no" because neither wants to be involved in Rosa. So if RGM decide to take the plunge at Rosa purely because they've got an expensive wash plant then that could be an huge mistake. You would imagine any repairs to an expensive wash plant would be very costly and so RGM should keep that in mind and not get seduced by it's original cost to build. Of course to get the Rosa coal mine fit and safe for mining production then the Alabama surface mining commission (ASMC) may insist on expensive alterations at Rosa. Of course with RGM being the operators then they would have to pay for this. ..................... I'm sure my old friends like Greets would say "omg he thinks he's an expert at coal mining now". Of course i don't think i'm an expert because i'm sure there are numerous costs that i don't know about. It's just those that are suggesting that RGM being the Rosa mine operators could be a "clever move by RGM". i disagree with that and think it could cost RGM millions if they decide to go ahead and become the Rosa mine operators.

do take up Stephen Moscicki's offer to buy his 80% of CMC for �250,000 to become 100% holders of CMC. If we look back to the original 20th December 2016 RGM rns about Rosa it says: � "Regency has signed a conditional binding Heads of Terms to acquire a 20% shareholding in CMC, a special purpose company formed to hold the Rosa Mine which is being acquired for an aggregate consideration of US$1.65 million payable US$25,000 monthly plus a royalty per ton produced" So because Fridays's RGM rns said: "the Company has no audited financial information on CMC but understands that there has been minimal turnover from the coal operations and that the Rosa Mine is carried in the books at US$1.65 million with a comparable amount of long-term debt owed to Carbon Trading Specialist LLC." ......... So looking at the extracts from the above two rnses it's pretty clear Stephen Moscicki hasn't been making any payments to buy Rosa. So to me Moscicki is trying it on with RGM and offering them his worthless CMC for �250,000 and then if RGM fall for it then RGM will be lumbered with the $1.65 million debt to buy Rosa. ...... In RGMs 27th September share talk presentation https://www.youtube.com/watch?v=Amf2o0XwAwE if you look between 1 min 10secs to 1 min 40 secs you'll see the RGM chairman say that partners (legacy hill) are not interested in partnering at Rosa. So Friday's rns suggest that if RGM pay �250,000 to Moscicki to buy the remaining 100% of Rosa then RGM would become the operators at Rosa coal mine. Previous Rosa mine operators MCOAL had a workforce of around 20. So if RGM became operators then they would take on the responsibility of paying the wages for the big workforce at Rosa. Because Bell has never ran a coal mine before then RGM would need to employ a management team who know how to run a coal mine. Of course being the Rosa operators RGM would need to purchase equpiment. Looking at an old Novadx rns they outlined some of the equipment that they had purchased at Rosa. The rns says: "Mining equipment purchased and on site includes; a Komatsu PC 400 and John Deere 890 track excavators, two Volvo 35 ton capacity articulated rock trucks, two tri-axle 20 ton capacity coal haulage trucks, one Komatsu 375 bulldozer, a CAT 980 loader, a CAT 416 back hoe, a truck mounted 6 inch RC drill and service vehicles. MCoal anticipates delivery of a contract auger machine by the end of March, 2010. The initial high-wall "mine face" is being prepared in advance of delivery of the auger machine. No other major pieces of mining equipment are required to commence production, which is expected shortly after the auger machine is delivered and assembled on site" TO BE CONTINUED...................

i, Cgull, Joebop, Colin, Booboo and other likeminded people sometimes forget is that although we've long since had no hopes for Rosa, many PIs were still believing the twitter pumpers that an RNS could drop anytime to announce that Rosa production was about to begin. So of course todays damp squib RNS was hugely disappointing for those people.

when a poster on twitter replies to a twitter pumper who suggests that todays RGM RNS is a "clever move" by RGM. The poster replies: "Clever in that telling us now that sweet FA has been done in last 12 months, but dangling a carrot at the same time?" Like i say the above twitter poster is quite right. For months the RGM chairmen misled RGM shareholders by telling them that everything was going smoothly at Rosa and then he told shareholders Rosa was imminently coming into coal production in March/April 2017. How can you say he didn't lie to RGM shareholders? The way RGM shareholders were lied to was shocking.

Every so often you will see a business sold for a �1 but the consequence is the buyer has to take over all the debts. In this instance Carbon minerals corporation 80% owner Stephen Moscicki is not saying �1 but is saying �250,000 to buy his 80% of carbon minerals corporation. If RGM do pay �250,000 for the rest of Carbon minerals corporation then RGM will acquire the Rosa coal mine along with it's $1.65 million debt. From todays RNS it says: �"Regency notes that the satisfaction of the conditions, including due diligence, is uncertain and that the eventual terms of a transaction acceptable to Regency may not be those set out today. At this moment, the Company has no audited financial information on CMC but understands that there has been minimal turnover from the coal operations and that the Rosa Mine is carried in the books at US$1.65 million with a comparable amount of long-term debt owed to Carbon Trading Specialist LLC." ................................................. Now if we go all the way back to 2016 and read the original Rosa mine RNS from Nov 25th 2016 it says: "Regency has signed a conditional binding Heads of Terms to acquire a 20% shareholding in CMC, a special purpose company formed to hold the Rosa Mine which is being acquired for an aggregate consideration of US$1.65 million payable US$25,000 monthly plus a royalty per ton produced;" ............................ When RGM did a share talk presentation on the 27th September the RGM chairman said that Legacy weren't interested in partnering at Rosa. Todays RNS says: "This additional purchase would allow our partners to continue their focus on other assets and by allowing us to take operational control could enable us to advance the Rosa Mine and take advantage of high prices for specialist and metallurgical coal" So Andrew Bell and RGM would take operational control of the Rosa coal mine if they paid up the �250,000 + took over the $1.65 million Rosa debts. In older interviews Andrew Bell has said he is no expert on coal and so if RGM attempted to take over operational control at Rosa i'm sure it would be a calamitous disaster. If captain Bell took over the reigns and attempted to steer the direction of the Rosa ship then i'm suspecting millions would be p***ed away at Rosa. So no mouthwatering RNS is this: it's an awful RNS.

New RNS: the annual report.