Member Info for zumore

i guess my posts don't look 100% optimistic. As we know i'm a great believer in getting along with all my fellow posters and so if anybody out there is more optimistic than me on RGM then please post. Let's not squabble with each other instead just post your positive opinions and balance this thread out with your positivity. Regards Zu

If we rewind back a few months ago most RGM news releases would've been met by Mining Maven quickly going around to the RGM offices for an interview or within hours maybe an interview with share-talk. So i'm sure some maybe expected an interview after the RGM news release on 24th August? but i'm certainly not surprised no interview happened. I say that because around 10th July when the RGM chairman did interviews with both share-talk and Mining Maven he appeared (to me) to not like talking about the coal investments when the interviewers asked questions. So my hunch is that no interviews happened after the 24th August RNS because he knew he'd have to answer questions about coal and so he avoided the interviews. Of course i know share_talk read these boards and so it would be interesting if they did ask Mr Bell for an interview after the RGM 24th August news release? I'm suspecting they did.

If RGM sell their UKOG shares and get £1million plus money then i wouldn't be surprised if the RGM chairman dumps the coal and then moves onto a new project. Which would all be pretty amazing when we were told that coal was the one that was going to rake in tens of millions for RGM.

Hi Chrome, you paint a shambolic picture of these RGM coal investments. And i'm assuming because in your post from the other day you gave an ASMC contact, that you have got some of this information from your post below by contacting the ASMC? If so i think i and others will soon also be contacting the ASMC because at present i feel the information we are getting from RGM on the coal projects is wholly unsatisfactory. Thanks again for the ASMC contact.

my performance assessment for the RGM chairman these past 9 months. Since the £210,000 placing to buy into the Rosa coal mine on December 20th 2016, RGM through placings + warrants + $1 million YA loan, received according to my calcs approximately £2.3 million. Most of that was going to be used on RGMs coal JVs with Stephen Moscicki: yet recently RGM have been questioning Mr Moscicki's coal capabilities and have even hired company "legacy hill" who try to help mismanaged companies. So obviously on the surface the coal JVs with Stephen Moscicki at present seem pretty shambolic and its quite possible that all that money RGM sunk into those Stephen Moscicki coal projects could well have been wasted. So how and why Andrew Bell decided to go into a JV with Stephen Moscicki is pretty baffling, it seems awful due diligence by RGM. So from me zero out of 10 for the RGM chairman on his coal investments. I am fair so a little more praise on Mr Bell acquiring those 17.3 million 1.55p UKOG shares. Though no guarantees the UKOG price will remain over 7p so I would sell those 17.3 m UKOG shares very quickly. If he did and got around £1.3 million then it would be massively important he made good use of it because as we know as the months pass by then any £1.3 million would quickly evaporate from the RGM mcap: so making good use of that money would be vital. So pretty shambolic with his coal investments and a little more praise with the UKOG shares. So 3 out of 10 for the RGM chairman on his performance since December 2016.

Well I'm sure I wasn't one of those who thought the UKOG sale wouldn't happen? Sure I was becoming doubtful because of the huge delay but because I didn't give Mumbles an eternity for the sale to happen tells you that I thought the sale was very possible. And mentioning no names but a certain poster in March/April was doing reports and predicting RGM would be bringing in a $1 million a month from the Rosa coal mine. So according to them RGM should now have made $4-$5 million from Rosa. Obviously that poster was wrong.

Placings yes but I would say the biggest price eroder is the chairman's in my opinion meagre ability. I just wish the next rns would be to announce his retirement and then a new chairman could use that UKOG money to hopefully build up this company. Of course just wishful thinking by me. I know many adore Mr Bell and they will not want to let him go anywhere.

I won't name that site but I don't know what's confusing this deputy because to me it seems pretty obvious what's happened these past couple of months. Firstly we must remember what was happening at RGM since mid April: because of non production in the coal investments this RGM share price had been collapsing since mid April from a 1.30p high and nearly every week the price was falling, so without the 10th July sale announcement this share price would now probably be in the low 30s. So although seemingly little share price movement I think since 10th July a little each week has been coming off the Mcap from the coal investments and at the same time money has been added to the Mcap each week from the HHDL sale and from the possible UKOG shares. So the end result is now the sale along with the potential value of the UKOG shares are now fully valued into this Mcap but not much change in share price. Though when/if the RGM chairman cashes in those UKOG shares I personally feel that won't help the RGM Mcap because I've never believed a pound in the RGM chairman hand equates to a pound on the RGM Mcap. The reason is I don't feel the chairman makes good use with any incoming money. Please note: my views are my own views and I'm sure many will disagree with my views. So please no arguments or name calling if you disagree. If you disagree simply post your own opinion.

I didn't miss the point because you wrongly said RGM sold their 1.9% HHDL holding for 17.3 million UKOG shares but I pointed out the RGM 10th July rns says the 1.9% sale was for £323,000 and then RGM took £268,502 of that sale money and REINVESTED that money in UKOG shares. So any future sale would most likely be based on the £323,000 sale and not what RGM did with that £323,000 sale money. I'm sure any other interested parties wouldn't give a jot that RGM reinvested most of that sale money and had a multi bag with it. All they will look at is that UKOG paid £323,000 for another 1.9% stake in HHDL.

"It is also worth remembering AB has only sold 1.9% of the HHDL holding for 17.3m UKOG shares" ............ Greets the 10th July rns says: "Sale of 1.9% of HHDL for £323,000 ·      Regency reinvests £268,502 in UKOG shares at 1.55p a share or lower" .............. So if the exact same 1.9% HHDL (or 19 HHDL share) sale were to happen today (on same sale terms. So £17k for each HHDL share) RGM would get £323,000 and if they then took £268,502 of that sale money and reinvested it in UKOG shares I'm guessing on the past 30 day UKOG price average then RGM would get £268,502 in UKOG shares at an average price of around 7.5p per share. Though as Okenia told me the other week, UKOG now have a 49.9% stake in HHDL and so in Okenia's opinion UKOG are very unlikely to go over 50%. So if true UKOG are unlikely to buy RGMs other 31 HHDL shares.

To point out, I mean over months. So I'm guessing not so much RGM interest as is made out.

but when these big RGM buys go through or even when a flurry of smaller buys go through, I always sense it's the same handful of buyers.

quite clearly the receiving of this 17.3 million UKOG shares has long since been factored into this RGM Mcap. I guess no surprises really considering a constant 6 week ramp onslaught when we were constantly told that RGM already had these 17.3 million in the bag. I guess if this deal hadn't of happened it would have devastated this price because the already factored in 17.3 million UKOG shares would've been taken from the RGM Mcap. And Chrome007, thanks for the contact. Hopefully others will also contact him.

With it being a bank holiday next Monday in the past I have seen the RGM/RRR chairman release an rns after hours on the Friday evening before the bank holiday. So because of that I certainly wouldn't be surprised to see an rns after hours this Friday.

Lol bad luck it's only 4 weeks (so 28 days) And looking at your pie chart you only post on one or two threads anyway. So because our new agreement was you can post on one thread in the first two weeks (so you can post from tomorrow if you want) and then post on a second thread (so two threads you can post on) from 2 weeks onwards: so because you don't usually post on numerous threads you'll hardly notice any difference. Of course NO RGM thread. Its not that exciting here. You can cope. Goodbye!

Yes its slowly coming. :) And yes thanks for the tweek on my wager rules too.

It certainly is confusing Magic why the deals taken so long to complete. The 10th July UKOG rns says HHDL are the ultimate deciders whether this deal can complete, so with Stephen Sanderson being both chairman of UKOG and also HHDL then on the surface I would've thought it would've been the quickest most straightforward deal to complete. Though here we are almost 7 weeks later and the deal still hasn't completed. So very strange.

Hi Mumbles I will be nice to you too. Because if by the end of today (around 6.30pm) we don't get that sale completed rns then I being the winner can choose the punishment and I've decided that you'll still be able to post on 1 thread for the first two weeks (excluding RGM) then after 2 weeks you can also post on a second thread (excluding RGM). It was only a fun wager for me anyway, so although a slight consequence for the runner up the consequence won't be too harsh.

I know your a numbers man so please explain to me how with RGMs present assets we come to an Mcap of a whopping £3.75 million? ..... Also you may be unaware but i am a nice guy? Looking on your twitter over the weekend i was very sad to see that you've had 5 heart bypass surgeries in your life. I hope you are keeping well? Now with you being a big RGM shareholder i know the stress is probably immense at the moment and on top of that you must be feeling an awful lot of stress from our friendly wager? Now because i don't think Rosa production will be happening before November then i will ease some of your stress by not giving you a one year eviction if you lose. So i've readjusted our wager and so if Rosa production does happen before November then i will take a one year break but if Rosa production doesn't happen before November then you'll only have to take a two week break. I can't be fairer than that. No arguments i've decided. :)

If i were to answer my own question i would say massively overvalued. Here's my breakdown of some of my valuations for Regency mines present assets: (1) MAMBARE: In the last annual report valued £215,375 (2) MOTZFELDT: They picked up the licences for just a couple of thousand but recently Paul Johnson decided not to buy it for £350,000. So because it wasn't recently purchased for £350k and because it only cost RGM a couple of thousand, then today i'll generously give it a value of £50,000. (3) CURZON ENERGY: RGM have so far in Curzon energy invested £175,000. Those above 3 RGM assets to me have a combined total value of just £440,000. Remember this present RGM Mcap is a whopping £3.75 million. ............................................................ With the RGMs coal investments who knows how much value should be in the RGM Mcap. We do know it's not been going well because RGM/ Mr Moscicki have employed the services of Legacy hill a company that help mismanaged companies. From my point of view it doesn't look good at the moment. This supposed sale of 19 of RGMs HHDL shares to UKOG which if happens would supposedly enable RGM to receive 17.3 million 1.55p UKOG shares. Well i noticed this weekend very few voices saying that RGM have 17.3 million 1.55p UKOG shares worth £1.3 million. I think that quieting down is quite right because it becoming increasingly farcical to say "RGM have 17.3m 1.55p UKOG shares worth £1.3 million" when this deal was first announced 1.5 months ago and after 1.5 months that supposed deal still hasn't completed. Can you imagine week 7, week 8, week 9, week 10 if PI's are still shouting "RGM have 17.3m 1.55p UKOG shares worth £1.3 million". Of course if they were it would be absolutely ridiculous. Looking at RGMs present huge £3.75 million Mcap to me it seems the huge value of these uncomfirmed UKOG has been priced into this RGM Mcap. So if this sale along with the UKOG shares doesn't happen then my guess is it would be pretty devastating to the RGM Mcap. Lastly let's not forget that a few months ago RGM got a $1 million loan from YA. It hasn't happened yet but eventually YA will start to convert that $1 million RGM debt into UKOG shares. So that's my above explanation why RGMs present Mcap looks hugely overvalued. Of course all the above is only my opinion.