Member Info for zumore

This could be my most rampiest post on this thread.

I know many rate James Parsons in untrustworthiness but in my opinion former RGM chairman Andrew Bell wipes the floor with James Parsons.

I don't have time to sl*g him off (well ok a bit) but Bell was, is an untrustworthy money grabbing useless narcissist who lost any ramp ability years ago. Hell, he even attempted to become an MP a few days ago but he barely got more people voting for him than the monster raven looney party candidate Lord Buckethead.

Morning Booboo!

Yes I think your share price ranges are very fair. My guesstimation by the end of 2020 would be well under 1p.

I guess we'll see eventually.

Looks like the rainy season in Papua New Guinea has well and truly started: https://www.worldweatheronline.com/kokoda-weather/northern/pg.aspx

To carry on with the Mambare 2011 RGM rns updates.

15 June 2011 RGM rns says:

"Shortly after arriving on site, the operator of the ground penetrating radar work scheduled to begin last week had to be medically evacuated to Australia with appendicitis. The Joint Venture's emergency procedures worked well, and a short delay will result as a new operator is mobilised.
All work permits for overseas drilling staff have been issued, but visa processing in the Philippines is expected to result in a delay to full operation of the drill programme of between 2 and 4 weeks. In the meantime exploration continues, and the minor delay is being used to intensify mapping and training activities."

29 June 2011 RGM rns says:

"Exploration proceeds at Mambare, the JV property in Papua New Guinea, despite a short delay to drilling as previously announced. Good work has progressed on site however, with the ground penetrating radar (GPR) survey moving ahead, infill line cutting and compensation completed, and site security maintained during the recent civil unrest in Oro Province arising from riots in Popondetta which resulted in temporary road blocks between Popondetta and Kokoda. These disturbances did not result in any damage to company employees or assets"

10 August 2011 RGM rns says:

"Drilling continues at Mambare, the Joint Venture nickel-cobalt project between Direct Nickel Pty Ltd ("DNi") and Regency in Papua New Guinea. Visa delays continue due in part to recent political uncertainty surrounding the appointment of a new Government, and may continue to restrict the scale of drilling operations.

Full results from the ground penetrating radar programme are awaited."

.........................

I won't carry on. Searching these is VERY boring.

Booboo i wasn't invested in RGM in 2011, so i bow down to your superior knowledge on Mambare.

The weather websites i've looked at says PNG rainy season is often between December through to March.

26th Jan 2011 RGM rns says:

"Drilling at the joint venture Mambare lateritic nickel/cobalt project in Papua New Guinea is anticipated to start in April 2011 and end in the third quarter of 2011. It will initially comprise 220 holes for a total of approximately 4,000m"

2nd March 2011 RGM rns says:

"A contract has been signed with JCP Geo-Ex Services Inc. of Cebu, Philippines ("JCP"), to drill a minimum of 220 holes on 100m by 100m and 200m by 400m grids, for a total of 4,000m of drilling. The contract is extendable beyond this initial programme.
JCP will mobilise a minimum of 5 man-portable rigs to site, which are expected to arrive in the week commencing 25 April 2011. Holes will be bottomed in 3m of fresh bedrock. JCP estimate provisionally that the initial programme will complete within 65 days.
Meanwhile, surveying and line-cutting have begun, and preparatory work continues on recruitment, and setting up communications, supplies, and infrastructure. Test-pitting is expected to start in March 2011, with a further ground-penetrating radar programme under discussion and planned for April 2011"

11 May 2011 RGM rns says:

"The Project Management staff are on site to complete preparation for the start of drilling, which is now expected to start towards the end of the month, some 4 weeks later than the original schedule.
Other staff are working on site to complete the line survey, test pitting, camp construction, and contracting of local labour. Clearing of the drill lines and compensation to land occupants is complete, clearance and preparation for the GPR (ground-penetrating radar) survey is 95% complete and work has begun on the infill drilling lines. Test pitting for density and moisture sampling is 95% complete.
Exploration camp construction is 75% complete, with the helicopter pad complete. Community meetings are being held. Communications equipment is being installed, including a satellite dish. 220 ground control points have been established to improve survey accuracy. Medical support has been organised with a paramedic expected on site shortly from Customer Care in Sydney.
The drill company's shipping container has arrived at Port Moresby and awaits customs clearance before transhipment to the project area. Delay here and delays in the procuring of visas for the drillers mean that the start date for drilling is now targeted for 23rd May, and could be end month."

Booboo, yes poster Helpful is Stephen Lundy.

In the January 14th 2019 £676,000 CLN that RGM announced, some high net worth investors took some of those. I assume Stephen Pearce thinks Stephen Lundy was a part of that fund raise? If so the recent RNS says:

"Of the outstanding Convertible Loan Notes ("Convertible Loan Notes"), first announced on 14 January 2019, holders of £281,113 of these notes have agreed to convert these obligations into 1,022,229,140 new ordinary shares of the Company at a price of 0.0275p per share (the "Convertible Conversion Shares"). The terms of 88,015,874 warrants, originally issued to the Convertible Loan Note holders, will be varied, and the new terms of these warrants allow exercise into new ordinary shares of the Company at a price of 0.055p for a period of 36 months."
........

Of course he could also be involved in this forthcoming placing. Though just guessing.

How utterly pathetic the subservient meek lenders roll the loan notes over for a third year.

When RGM were extending loans with YA and Riverfort last year they got hit by hundreds of thousands in extension fees. Yet nothing like that from these lenders instead they meekly accept 12% interest.

Booboo, the extract below is from a 2012 proactive investors article:.

"Bell says taking the next step at Mambare, moving towards feasibility, could cost between US$12 and US$20 million – or maybe less, depending on the route taken.

Bell says “Either way, we wouldn’t get much credit for doing that now, in this market."
..........

Look at HZM nickel project rnses and you'll see that progressing each stage costs fortunes. HZM actually bought the Vermehlo nickel project from Vale for $2 million (I believe they pay another $6 million if they reach production). But Vale had previously sunk over $100 million into Vermehlo.

Mambare have a lowly inferred mineral resource. I believe inferred is as low as it gets. They are light years away from production.

Booboo, I sense excitement from you regarding Mambare but I see RGM not dedicated to it (they've had over a decade) and so to me it's pretty worthless.

Threeput: "Huge effort being made here to stop people buying. Wonder why........... !"
......
Yes that's it blame RGM thread posters from preventing you from buying today. Yes it's our fault the stock exchange closed this Saturday.

Mr Magic:. "One of the largest holders here has said that he believes we are seeing forward selling of placing shares. That's all one needs to know imo."
......
Mr magic, there is actually an attempted ramp on twitter these past days. They have been saying because a lot of forward selling has been happening. The big RGM shareholders should make out they will block the new resolutions which will may make the forward sellers panic and they then may scramble to buy those tens of millions of forward sold shares back (on the open market) which should create a short squeeze and therefore rocket this share price.

Now at present that ramp doesn't seem to be working. I don't think it will work because I'm quite sure all those large RGM holders from Pearce, Lundy, Topham, Staten, Neil Howell (or Luke1) will all vote for the passing of the new resolutions.

Though just lately Stephen Pearce has been making out he now might not vote for them. I'm sure he's fibbing and he'll vote for them.

Booboo, like me you can't believe the useless untrustworthy incompetent Scott Kaintz is still employed at RGM. It's been up to him to promote RGM these past few months and absolutely nothing from him on Mambare.

I believe you in what you say about Mambare. But I still give little value to it (for RGM) because no doubt management will be committing money on other assets and will not be dedicating themselves to purely focus on Mambare.

I believe AIM company HZM has two nickel projects in Brazil. They seem to slowly but surely advancing those projects. On the other hand RGM have no focus, in the past few years they've invested millions in coal projects, they invested £575,000 in Curzon shares (now worth £60,000 and they even invested £400,000 in a car rental company that quickly went bust. A company like HZM would never do that because they are a serious company and have an ultimate goal. RGM on the other hand are an unfocused mess who will invest in anything to attempt to create a ramp.

Also James Parson's in his recent proactive investors article talked about new acquisitions. Now if I were a Mambare fan I would want RGM to completely focus on that and not to be saying that they are looking for new acquisitions.

When they talk about new acquisitions you know they are not serious about advancing Mambare. And because of that Mambare is pretty worthless.

Looking at his profile on LinkedIn he goes into some detail of what a project manager has to do at Mambare. From what he says you can see that exploration there would be costly. Stephen Pearce in some earlier posts was making out RGM are at present exploring there. My hunch is they are not.

Here is what Ian Warden says about his project managers job at Mambare.

"Management of the Mambare nickel laterite project in Papua New Guinea, on behalf of Oro Nickel Ltd, a 50:50 joint venture of Direct Nickel and Regency Mines plc.
Delivery of the maiden JORC Mineral Resource Estimate of 162.5Mt at 0.94% nickel 0.09% cobalt, triple the initial exploration target.
Planning and on-site management of the 2011-12 exploration program, involving up to 90 staff and contractors in a remote jungle location. Activities included exploration drilling, geophysical surveys, camp and access establishment, as well as management of general logistics, human resources, medical services, community relations, and financial and general administration.
Review and consolidation of past exploration results into a global exploration database."

Would you be happy if the Regency mines market cap gets almost six times bigger in the next two weeks? Most would probably say "yes please". So in the next two weeks the RGM market cap goes from around £600,000 to £3.5 million.

The problem is in the next two weeks the RGM shares in issue will go from 1.5 billion to 8.6 billion, so almost 6 times bigger. So the RGM market cap will need to grow from around £600,000 to around £3.5 million and that is just to maintain today's RGM share price.

Are you serious? Don't you remember the RGM management lies about Rosa? Don't you remember the lies that the latest USA failed coal project was doing well?

That you won't point me to that Mambare link tells me you are giving out old news which is likely to be untrue. From all the sites I look at the Papua New Guinea rainy season lasts from December to March, so I doubt any work is happening there at present.

Corrrection to last post;

"Now is that very recent news or is that from a few months ago? Because if that was said by RGM a few months ago you know that news is likely to be untrue"

Stephen, will you clear something up for me?

You have posted links that say RGM are in the process of doing radar ground penetrating work at Mambare. Now is that very recent news or is that from a few months ago? Because if that was said by RGM a few months ago you know that it Mambare news is likely to be untrue.

Morning booboo! I thought your 10.38pm post last evening was very funny. :)

You are right the dilution here will be immense and that along with many other reasons makes me believe this share price will not rise like many pumpers on twitter believe. Of course it could spike temporary but fast forward a year and im sure those who buy in now (and stay long and strong) will have made vast losses.

I think the latest rampers overlook that they (to be slightly crude) are sloppy seconds, thirds, fourths, so on so on in the rampers at RGM. In other words they are following in the recent RGM ramping footsteps of Paul Johnson where a recent vast number of Johnson followers piled into RGM and got destroyed. They are NOT returning to RGM. Most PIs learn and they don't return. So the twitter pumpers better hope that there is a fresh new batch of AIM gullibles to throw money into RGM. I suspect there isn't.

Mike Staten also had a 10% stake in Alpha growth last year. Again his business buddy Andrew Dennan was at Alpha growth.

seems to be a business partner of Andrew Dennan. They are partners in Baron Lux LLP and they were also together in Astin capital LLP.

Andrew Dennan works with James Parsons at Coro Energy.

Mike Staten seems to invest in James Parson companies. I believe Dennan is at NUOG and Staten had a TR1 there last month.

So I would suspect that he's just accumulated some RGM shares to help the resolutions go through at RGMs forthcoming GM.