Regency Mines Share Discussion Threads

[the_debt_collector] 05/8/2019 09:07

This moved from .05p to .09p recently on speculation, it happens and can happen again + more.

I cannot see those 2 large holders with 20% (around £1.5m invested) agreeing to be wiped out via dilution. No way.

[thecoyone] 05/8/2019 07:01

But you are one of the usual suspects Torp !!!

[torp] 05/8/2019 01:13

lol coyone.

Company requested a special General Meeting to request authority to issue up to 2 BILLION more shares and that authority was granted. The dilution is thus imho inevitable and it won't be pretty.

I most certainly wouldn't want to be punting this before that dilution drops.

This is a dead horse, it just hasn't stopped twitching.

imho

DYOR

[thecoyone] 04/8/2019 19:54

Noticed a growing trend on AIM - stock price is pumped up 100%-200% and then comes the placing - it could happen here of course.

Is it a punt at current levels, the usual suspects will say no but others more risk adverse may look at the £1m m/cap and bet it is.

[bam bam rubble] 01/8/2019 20:13

In the latest Proactive interview Scott Kaintz says tossing the assets and becoming
a shell was briefly considered, and boldly claims Regency 'could' be worth over £1m.

“We sat here and said you know is this a shell company? Is this something we have to
start over? And we thought no it’s not, there is residual value in these investments
which we think can get the price moving and the valuation off the levels it is today.
When looking at it we would say our market cap is about £1m but if you look at what’s
still in the portfolio we think there’s well in excess of a £1m valuation there.”

[neo26] 26/7/2019 10:13

I must say i actually agree with you on this regard.Pi's investing here is suicidal, dont pay ksintz wages. Its over...

[thecoyone] 24/7/2019 19:28

Rather an underwhelming Strategic Review I must say - why did it take so long to state the near obvious?

The interesting aspect - major shareholders Johnson and Pearce have nearly 20% of the company, the cost of that investment has to be around £1.6m now worth less than £175k.

So will these two individuals, who are no doubt insiders (confirmed by Pearce on LSE) agree to be diluted into oblivion? I doubt it.

The key to the funding is at what price and provided by who? The fact they are leaving this to the last moment is interesting, the market will take the shares lower the longer the wait continues so one would have thought the raise would have been completed earlier - not so.

So has funding already been secured, how will they protect the legacy major shareholders who would have a say surely. Is there a pleasant surprise in store I ask - where is Atinos auntie Ettie when you need guidance?

[torp] 24/7/2019 17:49

Just can't imagine who in their right mind would fall for the inevitable ramping BS that is surely to come in order to help get the placings away.

Placings to, in part, pay down old debts and presumably working capital (salaries and expenses). What kind of investing proposition is that ?!! Nonsense.

DYOR

[bam bam rubble] 24/7/2019 16:40

CEO Scott Kaintz comments: "Having spent several months …analysing the portfolio, the
Board has come to the conclusion that a business exists within Regency. This consists
of our existing exploration interests coupled with our UK energy storage subsidiary."
Tons of text in the announcement but the only news is the coal write-off which was out
of their hands anyway, apart from that it's business as usual. A mishmash of projects;
expired tenements in the jungle they've sat on for 15 years, no-hoper shale tenements
in the Yukon, a UK energy storage site at the ideas stage with no approval or funding
and a couple of million pounds of debt to be paid off by ever-increasing share issues.

[torp] 23/7/2019 15:00

And yet they are surely going to have to dilute extensively to progress wouldn't you say?

They've been fairly straight and open about the fact in multiple RNS's.

Who would invest now with the (imho) certainty of mega dilution to come?

11 Mar:

"The current business model of Regency along with that of most other junior exploration companies in the small-cap space relies on the ability to access capital by the issuance of new shares to investors to fund ongoing working capital and project development requirements. "


22 Jul:

"The Company has also committed to paying the Noteholders at least 10% of the proceeds of any placing of Shares"

DYOR

[kemche] 23/7/2019 13:45

Even the bucket shops must be laughing at the suggestion of another fundraising.

[sleveen] 23/7/2019 13:11

In the time honoured tradition.

[kemche] 23/7/2019 13:04

Wonga financing.

[bam bam rubble] 23/7/2019 12:51

The interest rate on the loan has increased from 10% to 16.5%, although they tried to hide it by saying it remains 10% but with a refinancing fee of 4.5% thrown in and a 'repayment fee' of another 2.0%.

This is on top of other fees that have stacked up since taking out the loan, 5% initial implementation fee, 5% extension fee in Jan, etc. By calling them fees it hides the true extent of the eye-watering interest rate they've agreed to be victim to for the next five years.

[torp] 22/7/2019 19:29

haff : "....all those in (including me)"

Sorry to hear it. Are you going to dump and get out before all the dilution starts?

[haff1] 22/7/2019 11:32

....all those in (including me)regret the day we heard of the company!!

[spbcscw] 22/7/2019 07:55

Crikey ... RGM's been Wonga'd !! Dreadful terms

[kemche] 19/7/2019 11:34

Fundraising at 0.000001p?????????

[bam bam rubble] 18/7/2019 14:04

Yesterday's volume was just 12p but has picked up today with trades of... 18p and 90p.

Diddlycap RGM redefining the concept of a penny share, even the trades are in pennies!

[indivestor] 10/7/2019 12:06

This company will be bankrupt very soon. It is the only way out for A Bell End and cronies.If anyone has any money left in here take it now

[torp] 10/7/2019 11:02

LOL Aussie. Doc holiday spiel. Desperate stuff.

GL with your punt but for me personally, if the company needed to request and be granted authority to issue up to 2 BILLION more shares here, then any rise will likely be "placed" into. When new aliases start appearing to pump the share it's often, for me peronally, a sure sign that a fundraise is incoming and the posters are participants in that placing. Just my opinion. share price is only going one way imho.

DYOR