I wonder17 Jun 2019 15:16
what the likes of big RGM shareholder Stephen Pearce is thinking about RGM at this time: you can only think he must be in absolute despair.
The shocking RGM management are undoubtedly illegally holding back the price sensitive RGM bad news from the RGM shareholders. Still no announcement of the March USA coal figures and how much losses they incurred; same again for the April + May coal figures and losses. Alternatively the US coal operation may have closed down months ago but the RGM management are illegally withholding that price sensitive information from RGM shareholders. In the real non AIM world that is called scamming if you are trying to get people to invest in your company but at the same time you are not being honest about the awful hidden company bad news.
Of course RGM management still won't give RGM shareholders an RNS that their £400,000 investment in White car ltd has been lost because White car has been wound up. Of course still no RGM update on Mambare, the half year RGM report said: "in early March 2019, and the accompanying Warden's Hearing is scheduled for late April 2019. A successful renewal of these licenses will cover the period June 2019 to June 2021"
I was going to try to end this post on an upbeat note but i see Andrew Bell and Scott Kaintz £575,000 RGM investment in Curzon Energy (CZN) is today again falling . Today investment in Curzon is worth around £85,000, so far they've lost £490,000 in that. Let's be honest that lost money will never be retrieved with the useless Scott Kaintz (also at RGM) now being CEO at Curzon.
To finish these days when i see a buy pop up at RGM i'm shocked because they owe fortunes to death spiral companies YA + Riverfort + if the USA coal JV is still operating (it may not be) then they'll be racking up millions in debt on that. And how can a PI ever trust RGM management when they've got a long long track record of holding back the atrocious RGM company bad news?