Member Info for zumore

Mumbles, a small point but its the whole of lse for a month not just this thread. You said just this thread for a month.

ok but not too long it'll soon be November. If you want a less harsher alternative how about.... I personally don't believe the 1.9% HHDL sale completed rns will have arrived by the end of business on Teus 22 August, so if you think the sale will have completed by 22nd (of course along with those 1.55p UKOG shares) The loser will take a 1 month lse break?

I can remember in 2014 when Andrew Bell the RRR chairman had a £1000 bet with the poster who went by the name of rrrRRRrrr. If my memory serves me correctly rrrRRRrrr or Andy had been hassling AB on twitter saying the El Limon gild mine sale wouldn't happen by Christmas 2014. He suggested a £1000 bet to Bell that if the sale didn't happen by Christmas 2014 then Bell pays him £1000 and if sale did happen by Christmas 2014 then he'd pay Bell £1000. Bell accepted the bet and the sale didn't happen by Christmas 2014. rrrRRRrrr said AB did quickly pay him the £1000.

You never did get back to me? It's ok if you sensibly decline because i got my main man who i wanted, Greets. So are you sensibly declining?

i forgot to mention that YA are still waiting in the wings to convert into RGM shares the $1 million loan they lent to RGM. I know Magic's been getting an unfair hard time of late because he occasionally brings up the subject of how many extra shares RGM could bring into issue by the end of the year but it's always good to be reminded because when this company eventually has 1 billion shares in issue then that would mean a whopping £10 million Mcap would be needed for a 1p RGM share price. Of course 576,491,064 RGM are now in issue but you would think sometime next year 1 billion RGM shares will be in issue. So cash generating and not letting those shares in issue rise is absolutely vital.

Listening to the interview he talked like the 1.9% HHDL sale was a done deal. Though of course still no deal completed rns. The big minus him talking about the coal, again he just didn't give me the impression anything is near. I mean near the end of the interview he talked about things that could create cash generation for RGM within the next 1 to 2 years and at the end of his list of cash generation events he said "potentially coal". And i most definately disagree with the chirpy sounding interviewer when he said coal is no longer priced into the RGM Mcap. This Mcap is currently £3.75 million and RGM have so far invested £175k into Curzon, in the last annual report they valued Mambare at around £250k, Paul Johnson recently declined buying Motzfeldt for £350k, so if coal is no longer priced into this £3.75 Mcap (i think it still is) then that must mean the potential UKOG £1.4 mill shares are already priced into this Mcap and the other 3.1% HHDL stake is already valued around £1.6 million in this Mcap (i believe that 3.1% stake to be worth around £527k because of the £323k 1.9% potential sale)).

Okenia, you do make an interesting point in your 4pm post. You say: "I wonder if RGM will seek to sell the remaining HHDL shares if the flowtests come back positive? Ukog can't take any more as they're now at 49.9% of HHDL." ................ If that's true then that ruins Greets statement in his 4.08pm post on Wednesday. He says: "Zumore still desperately trying to imply RGM assets worth less than reality. 19 HHDL shares exchanged for 17.3m UKOG shares. RGM have 31 HHDL shares remaining - based on the previous transaction indicates these would have a value the same as 28.22m UKOG shares. 28.22m shares with a share price value of 7.85p = £2.2m. It is therefore completely reasonable to assume the 31 HHDL shares have a value of £2.2m rather than the figure indicated by Zumore." .............. Bizarrely Greets has got into his head that if UKOG bought RGMs other 31 HHDL shares at £17,000 each, then with that £527,000 UKOG would let RGM invest all that money in UKOG shares and UKOG would let RGM have a 1.55p share price. So that's how he comes to his valuation of £2 + million for RGM's 31 HHDL shares. ............................. So if you are saying it's very doubtful UKOG would buy RGMs remaining HHDL shares then that scuppers his wacky valuation.

Hi Okenia, i'm not too sure UKOG would need to release an rns if the sale didn't complete because the UKOG 10th July rns says: "A further announcement will be made on completion" So obviously if UKOG don't give a further announcement to say that the sale completed then we can therefore assume that the sale didn't complete. Obviously i would expect RGM to update via rns but i don't think UKOG would need to. So UKOG will only update if sale does complete.

I urge PIs not to set the bar too high for the RGM chairman. He's not a world beater who is on the brink of being snapped up by one of the big guns. So set that expectation bar low and you won't be too disappointed if he fails.

And from the DL tweet it's pretty clear that it's SS who ultimately decides which companies can come on board at HH. So like i previously said it's pretty surprising SS hasn't yet rubber stamped UKOG buying RGMs 19 HHDL shares. The 19 HHDL share sale was for £323,000 and so maybe SS now thinks RGM would be getting too much for the 1.9% stake in HHDL? One thing for sure i don't think UKOG desperately need RGMs extra 19 HHDL shares. Last post this weekend. I guess we'll soon get an rns to tell us what's happening.

I ask because I know DL doesn't rate the RGM chairman and he hated it when AB rebought back into HH. https://mobile.twitter.com/DavidLenigas/status/704227822219501568 So maybe they don't want him to make so much money out of HH when he put the boot into HH at the 2015 UK investor show?

Okenia, the UKOG 10th July rns says: "Completion of the acquisition is conditional on the consent of HHDL. A further announcement will be made on completion" So with SS being the chairman of both HHDL and UKOG then it's pretty surprising SS (in his role of HHDL chairman) hasn't yet rubber stamped this sale.

Maybe i'm being an optimist but i would still say the original sale should happen. Though if another week passes without an rns to say the sale completed then that will be over 30 days since the 10th July rns and obviously then huge doubts would start to creep in. The main way those promoters (polite word) are hyping RGM these past few weeks on twitter is by saying RGMs UKOG shares are now worth £900k, then £1m, then £1.1m, then £1.2m, then £1.3m, but if 30 days should pass (from the 10th RNS) and still no rns to confirm the sale completed then i'm suspecting even those hard promoters will start to question whether the sale is actually happening. So next week will be fascinating to see if that sale is confirmed by rns.

Yes Greets the earlier post where i expressed happiness that you accepted got removed but be in no doubt i'm happy. And the 31st October will be halloween and so on halloween i'll probably be reminding you that you are banned for a year in my Dracula uniform. :)

if Stephen Sanderson is the boss and decision maker at UKOG and the same Stephen Sanderson is also the boss and decision maker at HHDL, and RGM are now waiting for the boss of HHDL Stephen Sanderson to agree to RGM selling their 1.9% stake in HHDL to UKOG. Err..... so what's taking Stephen Sanderson so long to agree to this sale?

"dramatic share price rise in UKOG"

but glancing at the other forum i notice a few worried PI's who are starting to worry whether RGM's 1.9% HHDL share sale to UKOG may not complete. The positive that the sale will complete is that Stephen Sanderson is both the chairman of UKOG and HHDL. The 10th July UKOG rns says: "Completion of the acquisition is conditional on the consent of HHDL. A further announcement will be made on completion" So obviously with Mr Sanderson being chairman of HHDL you would think that the sale would definately complete. But some of the nail biting worriers on the other forum think that the deal is now so stacked in RGM's favour and so the ultimate decision maker Sanderson may now think the deal is not favourable to UKOG. For example the 10th July rns says the sale of 19 (or 1.9%) in HHDL shares from RGM to UKOG would cost UKOG £323,000. So £17,000 for each HHDL share. But in the 10th July rnses it says £268,502 of that sale money would be taken in UKOG shares and because of the dramatic share price in UKOG of late then that £268,502 is now worth around £1.3 million to RGM. So the original £323,000 sale agreement is now worth over 4 times times more to RGM. RGM share price in UKOG was decided by the weighted volume average share price for the 30 days prior to June 29th (see UKOG 10th July rns) but for most of June UKOG had very low volume and the UKOG share price was around 1p; though later in the month the volume increased over 10 fold and by 28th June the UKOG share price was around 2.28p. So when the 30 day VWAP price was worked out at around 1.55p (RGM rns states this not UKOGs rns) i'm sure Mr Sanderson never envisaged that RGM end up getting so much money for their original £323,000 sale agreement. Let's be optimistic though and let's hope the worries are eased tonight with a Friday night rns from both companies to say that the sale officially completed. :)

If so thank you very much. :) Alas it's not true. I will repost my earlier post when i was recently researching my family tree. Unfortunately a long line of crooks. :( ......................... This is off topic but like AB i also recently researched my ancestors and of course i was wondering if i had some royal blood in me. Rather ashamedly a few of my ancestors were criminals. Most shockingly was my great great great grandfather, who looking in the old newspapers often got arrested for drunkeness, but in the 1880s he got into a blazing row with my great great great grandmother, she threw a chamber pot at him and he retaliated by throwing a gas lamp at her: it killed her (horrific burns) and he got sentenced to manslaughter. The family completely disowned him and they dropped his family surname and they switched the family surname to my late great great great grandmothers maiden name. So all pretty horrific knowing my great great great grandmother bumped off by my great great great grandfather. So quite shocked by this i decided to search further back looking for my royal ancestors. Alas i got to 1828 and all i found was my non royal criminal of a great great great great great grandfather. Apparently he stole an horse (horse stealing) and got a death sentence for it. But back in those days a death sentence didn't necessarily mean death: he had a choice of death by hanging or 'transportation' which meant you get sent to one of the British colonies for a few years. Of course he chose the latter and he was one of the criminals who got transported to Australia for a few years. So not great so far. :( I suppose in the next week or two i will try to search further back to see if i have a royal connection. I kind of dread to think what i will find. :( .............................

Also mumbles another PI you trust, Andrew Neal said yesterday: "in fact burning him & the share certs would mean the MM's can't borrow the stock !! #RGM I'm ready for the coal to spark at Rosa #coal #cash" ................................ It's not like i'm giving you (or Greets) a narrow production window because you've got around 90 days for Rosa coal production to begin.

If it's any help Mumbles i notice Greets has come out with a new RGM diagram and he says Rosa production is imminent. https://twitter.com/neil_greetham/status/892395372030644225