Regency Mines Share Discussion Threads

[kemche] 01/4/2019 12:55

When is the next fundraising? Will you be taking part? Or is that a silly question and a foregone conclusion?

[kemche] 01/4/2019 12:54

"YA must be happy after talks with the company."

Delirious I would guess. That they had a choice.

[noirua] 01/4/2019 12:51

All resolutions passed. Quite surprising though YA must be happy after talks with the company.

[noirua] 01/4/2019 12:45

kemche, I no longer attend any meetings. The directors are experts at their job and company and also presentation.
They always answered if they liked a question but moved on swiftly to someone else if they didn't like the question or somehow laughed it off as insignificant.
The bigger the company the worse it is.
They are there to present themselves as the greatest and why not I suppose, and not be trashed by a small shareholder.

[kemche] 01/4/2019 12:42

Yippee - squillions of shares coming our way!
Confetti Ettie strikes again!

[kemche] 01/4/2019 12:37

Are you not at the meeting Noirua - being such an ardent fan?

[noirua] 01/4/2019 12:31

kemche, unless they have a short position. Not sure if you can in RGM. If so YA may have covered themselves both ways awhile back.
Trading should show positions not long after the meeting.

[kemche] 01/4/2019 12:24

Noirua - most have lost everything already. It is called a Bellend special. You must be familiar with it surely?

[kemche] 01/4/2019 12:22

lose everything. Usually goes that way with Ettie.

[noirua] 01/4/2019 12:20

Meeting started 20 minutes ago and I suppose it's stump up or lose everything. Usually goes that way at the crunch.
Mentioned in the past by TW, I think as a warning.

[kemche] 01/4/2019 12:19

Is it confetti o'clock yet?

[kemche] 01/4/2019 12:03

You have the money and he wants it. Simples!

[torp] 01/4/2019 11:26

Imho YA will strike some deal that also involves RRR as it too looks to be a paddle short as it tries to edge up the brown creek.

RRR had £2.2m of cash and £2.6m of current liabilities as at 30 June 2018 (from Annual Report), now we have a Half Year report stating:

Cash just £27k

Liabilities now £2.7m

As with RGM, the same BOD expends copious amounts on Admin Expenses.

circa £850,000 a year at RRR and circa £735,000 a year here at RGM


Seems to me like RRR will be fundraising soon enough and so it would make sense if YA made some kind of deal with fundraises at both companies.

Either way, for me, both companies absolute POS and the BOD should long ago have had the moral decency to step down as they have done nothing but extract £millions in salaries and Admin expenses whilst utterly destroying the share prices of both companies. Total failures yet they persist. For me, nothing but lifestyle ventures for their personal enrichment.

Buy, hold or sell but DYOR well.

[noirua] 01/4/2019 10:44

YA Global with about 10% of the company's shares and promising not to sell, are reportedly in talks with RGM.
They will want to safeguard their liability at Regency both from shares held and loans.

If a lot more shares are issued then YA will be diluted unless they take up the entitlement which is contrary to their usual policy.
That is to convert a loan and sell into the market or get the cash and interest at the end of the loan period.

From the above YA might first want to workout what they would get on liquidation of all of the assets or some of the assets.
YA will think of themselves in all of this only, as they must as a company. They want their cash back and interest.

It is possible YA might lend more money on onerous terms.
That is they would own rights directly to all of Regency's assets.

Of course AB might have the Midas touch here and regain confidence of shareholders and YA on the coal asset situation in the states
and appointment of a new Chairman and a YA director to the board.

[torp] 31/3/2019 12:52

Pretty farcical all round really.

Greedy BOD operating a lifestyle venture,
Have run the company into the ground,
Decimated the share price over years via relentless dilution
Now have severe financial deficits (as per the recent RNS)

and their planned solution is . . . . . .?

That all the turkeys vote for Christmas !

Yep, roll up punters all will be well if only you give us the authority to issue up to 2 billion more shares !!

It reads like a West End Farce, but sadly it is very real.


Large investors need to oust this BOD completely, once and for all or else write off their investments imho.

[sleveen] 30/3/2019 11:24

Compost Corner

[kemche] 30/3/2019 11:14

Fusted blush. Total flustercuck.

Only a total Bellend can be in charge of such a car crash.

[sleveen] 29/3/2019 17:07

MC = £0.6m.

Over valued by the market.

[sleveen] 29/3/2019 16:59

Michael Bentine's Potty Time

[kemche] 29/3/2019 14:51

Total current liabilities 1,766,419
Total current assets 292,176

Hmmmm.....

[davenotion] 29/3/2019 14:23

Terrible read. Disappointed is an understatement.

[sleveen] 29/3/2019 07:45

Balance sheet...what a crock.

[torp] 28/3/2019 12:03

Desperate times here. Company issued an RNS stating financial deficits and then seeks authority to issue up to 2 BILLION more shares here.

So likely mass dilution to come IF that resolution goes through. What shareholder in their right mind would hang around for that?!