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Regency Mines Share Discussion Threads
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|It is called "lifestyle mining at a desk" TM!!! Ha ha ha!!!|
|Ha ha ha!!! Nice job mr bellend!!! Placement ahoys keeps on goin!!! Ha ha ha ha!!! Keep diluting the rubbish!!!! Ha ha ha!!!|
|Good job oing placement ahoys!!!|
|[Quote 10/1/17] US "BLACK ROCKs" coal acquisition (LOL) *__^
Regency Mines has announced the acquisition of a 20% interest in a US company, Carbon Minerals Corpn (CMC) for £250,000.
We note that, when the heads of agreement for the acquisition was originally announced in November 2016, Regency Mines did not disclose the likely production rate of the operation and reported that Regency mines was “to pay an initial refundable cash deposit of £50,000 with a further £200,000 after due diligence and completion of a shareholders agreement”. Today’s announcement implies that there are no further payments due, however, in the light of the comment in the announcement of 25th `November 2016 there seems to us to be some ambiguity as to whether further payments will fall due later.
CMC itself has acquired the Rosa metallurgical coal mine in the Warrior coal basin of Alabama and plans to commence mining during February 2017. The November announcement from Regency Mines noted that CMC was purchasing the mine for “an aggregate consideration of US$1.65 million payable US$25,000 monthly plus a royalty per ton produced.” [At recent US$/£ exchange rates, Regency Mines’ £250,000 investment is roughly equivalent to a 20% share of this US$1.65m acquisition price]
The company notes that “4800 tons of coal has been delivered by third parties and contract washing of coal in the preparation plant has begun this week.”
The mine, which currently has a Canadian NI-43-101 compliant proven reserve of 453,000 tons was developed, but apparently not fully exploited, by previous owners and Regency Mines Chairman, Andrew Bell commented that “several miles of benches, highwall and access had been prepared decades ago by previous operators so that for the foreseeable future no pre-strip is required to mine the targeted seam at Rosa.”
Mr Bell goes on to assert that “This will reduce initial cost and simplify operations, and so enhance the economics, reduce the risk and improve the internal rate of return on our investment.”
The Shareholders Agreement with CMC “provides in normal circumstances for a minimum 50% dividend payout ratio, with payments as far as possible to be made quarterly”.
Conclusion: The company’s investment in a US coal company with a “mining-ready” project and the potential to generate quarterly dividends seems promising, however, at this stage the future production rate is unclear and with possible ambiguity as to the price being paid the economic impact on Regency Mines is difficult to establish (....tut tut tut!)
|Whatever happened to the Sudan "quick flip" ?|
|10 January 2017
REGENCY MINES PLC
("Regency" or the "Company")
Metallurgical Coal Investment
10 January 2017
Regency Mines Plc ("Regency" or the "Company"), the natural resource development and investment company, announces the completion of its acquisition of a significant shareholding in Carbon Minerals Corporation ("CMC"), a Delaware Company which has acquired the Rosa metallurgical coal mine (the "Rosa Mine") located in Alabama, United States of America in the Warrior Coal Basin.
-- Regency announced on 25 November 2016 a conditional binding Heads of Terms to acquire for GBP250,000 a 20% shareholding in CMC which owns the Rosa Mine;
-- The conditions including due diligence and the signing of a Shareholders' Agreement have been fulfilled and the transaction has completed;
-- The Rosa Mine received in 2010 a NI 43-101 report prepared by McGehee Engineering Corporation stating that Phase 1 of the Rosa Mine project contained Proven Reserves of 453,000 tons of coal at an average 14,070 BTU/lb with 5.14% average moisture content and 4.45% average ash content;
-- 4,800 tons of coal has been delivered by third parties and contract washing of coal in the preparation plant has begun this week;
-- Auger mining from the Rosa Mine is scheduled to begin in February 2017.
Andrew Bell, Chairman of Regency Mines, comments: "When we carried out our due diligence visit before Christmas our key finding was that several miles of benches, highwall and access had been prepared decades ago by previous operators so that for the foreseeable future no pre-strip is required to mine the targeted seam at Rosa. This will reduce initial cost and simplify operations, and so enhance the economics, reduce the risk, and improve the internal rate of return on our investment.
The quality of the metallurgical coal produced historically from this mine suggest that the coal will find a ready market, with identified interest from various parties including some who will put a value on its specific characteristics and have specialist uses for which it is suitable.
We have entered into a Shareholders' Agreement that provides in normal circumstances for a minimum 50% dividend payout ratio, with payments as far as possible to be made quarterly. We now look forward to working alongside Stephen Moscicki and his team at CMC to realise the great potential of this project. We have in him an experienced partner who owns several producing coal mines elsewhere in the United States."|
|Coal sounds cool!!! I hope every house in London starts burning coal in 2017. Might return to these nise smog years again!!! Just google pictures with "london smog"! I love it!!!|
Coal is so 19th century.
|All the hot air deflating again now after the raising while the Clown Prince congratulates himself on another year of fleecing investors.|
|So, they've acquired a 20% interest in a coal mine with projected 800k tonnes of metallurgical coal, for £250k.
Coal price somewhere around $200-300 per tonne, gives rise to total revenue possible of Btwn $160-240 million.
20% equates to around $32-48 million revenue over the life of mine, but what will that translate into in respect of profit?
|"MiningMaven Podcast No 62 with Andrew Bell Chairman and CEO of Regency Mines (LON:RGM) #RGM"
Our guest on today's podcast is Andrew Bell, Chairman and CEO of Regency Mines (LON:RGM).
Andrew joins us today on the back of his recent visit to the Rosa Coal Mine in Alabama and the company's subsequent announcement that it has raised £210,000 to provide funding towards the completion of the acquisition of a 20% interest in the Carbon Minerals Corporation for £250,000 as announced on 25 November 2016.
The full details of the announcement can be seen here:
Andrew discusses the significance of this development and what news investors should expect from the company in the coming weeks and months . We hope you enjoy listening.
On behalf the team at MiningMaven we would like wish all our listeners the compliments of the season and a healthy, exciting and profitable 2017!
(And history repeats itself...)...another old mine...like that...of the silly old "El Limon" !!!
Washplant is there....until the technical glitch of the crusher not working again i suppose;-)))) LOL ^__^
In the meanwhile....lets 'talk up' production ramping !!!|
|Maths is not for ruauu, 52m new shares only. Good time to get back in now.|
|My man mr Bellend did a placement ahoy!!! Cheers to bulls- you just got dilluted! Look at share number- is that 52 billion freshly minted shares???
Xmas confetti ahoy!!! Now it is time to do the same with RRR!!!|
|20 December 2016
Regency Mines PLC, the natural resource development and investment company with interests in oil and mineral exploration, announces that it has raised £210,000 by way of placings of 52,500,000 new ordinary shares of 0.01 pence each ("Shares") in the Company at a price of 0.4p per share with 1 for 1 warrants exercisable at a price of 0.8p for twenty-four months ("Placing"). The purpose of the issue is to provide funding towards the completion of the acquisition of a 20% interest in the Carbon Minerals Corporation for £250,000 as announced on 25 November 2016. A deposit of £50,000 has been paid. Completion is scheduled to take place on or about 23 December 2016.|
|Direct Nickel Projects Pty Ltd
The Direct Nickel Process was developed in Australia representing a revolution in nickel production and a frontier advance in the processing of lateritic oxidic nickel ores (McCarthy & Brock, 2011, pp. 2-11). The Direct Nickel Group from Australia has created a new, simple and efficient process for extracting nickel from oxidic ored from Indonesia, which will bridge the global nickel supply gap. Most steps in the verstaile flowsheet have been tested at a pilot scale. In 2007, a pre-feasibility study conducted independently by Kvaerner and studies by several independent experts confirmed its economic potential. The full process was demonstrated at a five tonnes a day scale.
The DNi process is being developed by Direct Nickel Limited, Australia, for the processing of both limonite and saprolite ores. It is an atmospheric nitric acid leaching process coupled with a patented acid regeneration system. Nickel and cobalt extractions are high (reported to be > 90%). No secondary neutralization is needed to remove residual iron. Nickel and cobalt are recovered as MHP or further processed to mixed oxide. Iron and magnesium oxides are possible by-products. The flowsheet is a closed loop in that there are no liquid effluents and solids are environmentally benign. The process has been demonstrated at a continuous integrated pilot plant level. Direct Nickel Projects Pty Ltd, the owner of the Direct Nickel Process, is now under new ownership and management. The company is actively pursuing opportunities to license the Direct Nickel Process to companies wishing to adopt a simple but elegant solution to the production of either a mixed hydroxide, a mixed oxide product or, indeed, nickel metal. The new owners are focussed on achieving the first commercial utilization of the Process in the near future.
The DNi Process leach is operated at atmospheric pressure at 110°C in 304 stainless steel tanks at temperatures below the boiling point. Leaching takes between 2 and 4 hours.
2. Insoluble residue is separated from the pregnant leach solution (PLS), which now contains most of elements such as Ni, Co, Fe, Al and Mg. The residue goes to a tailings disposal facility.
3. Iron Hydrolysis takes the pregnant leach solution and removes iron and chromium, making a hematite (Fe2O3) product at temperatures about 170°C. This is separated from the PLS by filtration at 50°C.
4. Aluminium is precipitated in two steps by MgO addition and filtered from the solution in a form of white product- aluminium hydroxide.
5. A Mixed Hydroxide Product (MHP) is precipitated using MgO and filtered out of the solution. This MHP (40-45 wt.% Ni, ~2% Co) is the final product from the DNI.
6. The barren solution is passed through a series of evaporation vessels and then through thermal decomposition where magnesium nitrate converts to MgO and NOx gases. These gases are recycled back to nitric acid and reused in the leach circuit. Some of the produced MgO is recycled back to aluminium precipitation and mixed hydroxide precipitation, the remainder is available for sale as a high quality magnesia product.
The process is environmentally friendly because almost all the reagent is captured and recycled. The mass of waste residues is less than half that of HPAL processes due to minimal disposal of reagent and neutralization agents – and the production of saleable co-products. Valuable co-products are produced such as magnesium oxide. Maintenance costs are reduced by the low intensity of the process, and the simple materials of construction in comparison to titanium in an autoclave.
|Is this puppy still going??? Seriously?
How much more confetti has there been since June 2015?|
|Almost £2 million wasted. Yum yum!!! Good job, mr Bell, keep wasting more!!|