Member Info for zumore

with the former chairman talking about Mambare: https://m.youtube.com/watch?v=u6TPGKy5aPM

This may surprise some but I was never an admirer of Andrew Bell but he does make it clear in this video that even with some ground penetrating activity at Mambare they would still be a million miles away from any production. He say they can't attract big money partners by saying Mambare is so developed and near production (because it's not), instead they have to try to do this by showing Mambare has such a big resource and cannot be ignored.

I always get the impression from Stephen that he falsely makes out to the naive if the JV partners did a bit of GPR work at Mambare then they could quickly and cheaply go into production. Of course this isn't true. Just look at HZMs nickel projects. They bought one nickel asset from VALE for $2 million (they pay another $6 million if it goes into production) and over the years VALE had spent around $200 million on exploration on that asset. With all that money spent VALE were nowhere near reaching production.

Apparently the Mambare nickel asset is in the Papua New Guinean jungle. Only 3% has been explored. They last explored in 2011-12. Though apparently RGMs JV partners may have recently done some more exploration but so far RGM haven't financially contributed to this activity. So obviously partners would be unhappy. So let's not overhype this making out Mambare is anywhere near to production.

By the way if James Parsons announces another new RGM asset then you know they aren't serious on Mambare. Clearly Mambare would cost huge amounts of money and so wasting money on other assets would show the market that you aren't totally committed to Mambare.

With around 86 million shares in issue the correct RGM market cap is near £3 million.

Lse wrongly state the RGM market cap is £500,000. Lse are making this error because they wrongly show RGM having only 15 million shares in issue.

Below another extract from 5th December rns. It shows that the rest of the RGM debt owed to YA and Riverfort (By the way RGM owed them a total of around £1.5 million) is likely to be took over by James Parsons company C4 Energy. I don't know why promoters on twitter are arguing that RGM are now debt free? Surely debts been swept into the distance? If I understand the RNS correctly YA and Riverfort agreed 2 year loan notes for the remaining £729,000 that RGM owed them but if C4 energy take over these 2 year loan notes then in December 2021 RGM will owe C4 energy this money. So with the 8% yearly interest RGM will owe C4 energy approx £850,000 in December 2021.

From 5th December rns:

"Notification of Option over Debt:

"The Company has further been informed by YA II PN Ltd and Riverfort Global Capital Limited that, following the subscription for the New Loan Notes, both parties have granted an option over their interests in the New Loan Notes, totalling £729,272, to C4 Energy Ltd ("C4"), a UK incorporated private company

new two-year loan notes payable on 23 December 2021, bearing 8% interest per annum with no conversion rights (the "New Loan Notes")"

Below is an extract from 5th December 2019 RGM RNS. We can see that lenders YA and Riverfort have been given around £750,000 in RGM shares for an unpaid RGM debt. From the extract below you can neither have yet cashed them in.

So although some promoters on twitter are insisting RGM now have no debts. Remember lenders YA and Riverfort have both been given RGM shares and they have yet to cash them in.

From 5th December RNS:

"The partial conversion of the Promissory Note (the "Promissory Conversion Shares") will result in the issuance of 2,596,363,636 new ordinary shares of the Company, and the investors have agreed to lock up the Promissory Conversion Shares, 100% of the total for three months, 70% of the total shares for a subsequent six months, and 40% of the total shares of the Promissory Conversion Shares for a further six-month period.

Riverfort Global Capital Limited and YA II PN Ltd, the participants in the Promissory Conversion"

Unknwn trader.

If you are so caring then why do you keep getting their posts removed. Also SP gave the Samaritans phone number the other day and you was wishing the demise of one of them.

So in my opinion you are hardly caring.

Don't worry Booboo, I humour Stephen. I am fully aware of him.

Stephen and chums may dress this up over these next few months to be a respectable investment but we know it's just a reckless gamble.

I fear my last post could've upticked by a ramper. :(

No I won't bother.

Like I've said I wasn't aware of James Parsons and for all I know he could be a master at ramping sh** assets.

I don't believe we've seen him ramping RGM yet. So I could be in for a shock when he's in full ramp mode.

Lol Stephen! I know what you think but really I haven't.

I have noticed that some of my posts are appearing rampy because I'm still saying that you couldn't get more worse than Andrew Bell. So when posters warn of James Parsons, my mentality is that Bell was worse and so if I post that Bell was worse then that gives a false ramping impression. But if you think that I've logged into HL to hit that buy button then no I haven't.

Yes Stephen it could be seen as a bad thing.

You'll know that last week RGMs present assets sat very comfortably in a £500,000 RGM market cap. However after the recent huge dilution + share consolidation, those meagre RGM assets now sit in a near £3 million market cap.

So if James Parsons along with the twitter rampers start to hype up those meagre RGM assets and that in turn inflates this share price then lots of naive investors could buy into RGM at a ridiculous high share price. If that happened then I'm sure you, James + the twitter pumpers would be selling up. On the other hand the naive investors would be stranded in RGM sitting on huge losses.

So Stephen that could be seen as a bad thing.

People buying in above 2.75p will mean that all those involved in the present RGM placing will not lose money. So when James Parsons wants to do another placing you would think most of those placees would want to be involved again.

So those who buy in above 2.75p DOES feed James Parson's trough because it should make it much easier for him the next time he wants to do a fund raise.

they call Investor get togethers "Fireside chats"?

https://www.soundenergyplc.com/investors/

The words "fireside chats" gives me the impression of warm cosy get togethers, being told intimate secrets with friends.

Calling it "fireside chats" is very clever marketing. Though from reading what some others have said it seems you only went along to these "fireside chats" to be fed some lies.

In the beginning they often do well because investors are not familiar with them. Investors believe what they say and yes the price often does go up. Then investors wise up. Just like facing a poker opponent you start to work them out, you start to easily spot their bluffs and you are no longer impressed.

Often these CEO, Chairman cart out the same old lines year after year and they scratch their heads and wonder why the share price no longer rises.

It seems most PIs have long sussed out James and these days are underwhelmed by him..
....
I actually saw a 2016 interview the other day and he said his then company had $65 million in the bank. The interviewer asked him if that was enough. He said "it's never enough". He said CEOs will tell you they never have enough in the bank.

Which to me doesn't bode well for RGM shareholders. I suspect James will need lots of money and so many fundraises will be needed at RGM.

Yes Cashking I agree, this market cap is extremely overvalued.

A few days ago before the huge dilution this mcap was £500,000 and I thought back then this RGM mcap was
way too big. Then Tuesday the huge dilution happened and it went from 1.5 billion to 8.6 billion shares (so almost 6 times bigger) then instantly followed by 100-1 share consolidation. So now these woeful assets have to justify a £3 million MCAP.

In the recent RGM final results RNS the RGM management bragged:

"Regency owns liquid assets that it can sell to fund operations, the most significant being its 8.55% stake in Curzon Energy Plc, listed on the Standard List of the London Stock Exchange (LSE:CZN) The value of this holding, following in Q4 2019, was approximately £53,000"

Sorry you are wrong. It's now around £3 million market cap.

Lse wrongly only did the 100-1 share consolidation. So they turned RGMs 1.5 billion shares into 15 million.

In reality huge dilution happened and RGM went from 1.5 billion to 8.6 billion. Then they instantly did a 100-1 share consolidation, which sent RGM down to 86 million shares in issue.

Lse says:. "It has a market capitalisation of £492.99k, with approximately 15m shares in issue"
..........

There is actually around 86 million shares in issue, so RGM market cap is around £3 million.

Let's be honest i've seen you on twitter creeping around AB trying to please him by giving him news information links.

AB can see your weakness. We can see your weakness. AB takes advantage of your weakness.

A bit of friendly advice. Separate yourself from AB. He is not your friend. You need distance and then maybe next year you'll be able to pull the trigger so you and your clients can get paid back. Good luck!

On 18th December you posted: "PS if we forced conversion we would have to bid for the company: which is not something I want to do at this time"

How is this so? Surely if RRR cashed in £1 million of Jupiter shares and then paid you back in £1 million cash this wouldn't have forced you to bid for RRR. Alternatively if RRR had done a £1 million placing and then paid you back the £1 million in cash this again wouldn't have forced you to bid for the company. The only way i could see this happening is if RRR had paid the loan lenders in £1 million in of RRR shares and this had sent one of your lenders over 50%. But if you had lent RRR in cash and the loan conversion price hadn't been hit then why on earth would you accept being paid back in RRR shares?

Like others have said yesterdays RRR rns was one of the most pathetic excuse making rnses of all time. AB certainly doesn't believe in "I am the leader and therefore take full responsibility for all of my decisions." Let's be honest you have little chance of getting paid back next year: i'm sure AB will have numerous excuses why you shouldn't be repaid again next year.

was an utter disaster. Failure after failure . Excuse after excuse.

At his other company Red Rock Resources he today released the final results RNS. Please have a glance at it. It is an absolute classic Andrew Bell RNS. No responsibility. Look at all his excuses for the company's failures. It is unbelievable!

https://www.lse.co.uk/rns/RRR/final-results-l12ratw2f8ciuzt.html

Unkwn trader. Yesterday the market cap was around half a million but with the additional shares + todays 100-1 share consolidation, that means the Regency mines market cap is now around £3 million.