Regency Mines Share Discussion Threads

[edward hopper] 13/3/2019 12:49

You are going to lose all of yr £1500 investment by Friday.

[noirua] 13/3/2019 12:35

Just popped back. Just bought some shares in RGM at 0.087p, profits from a few shares sold in WEC overnight. Just to keep the record straight. Just hope it works out OK for shareholders. Just a price for everything and the gamble stakes rang that little bell for the market floor.

CZN shares have risen sharply today and worth around £150,000 to RGM. The RRR investment worth about £60,000. The other assets all have problems and difficulties, time will tell on this one.

[kemche] 12/3/2019 23:36

"My posts appear as generally negative"

At least you have a sense of humour. Presumably they have stopped paying you for you to keep posting so effusively about all matters related to Bell.

[noirua] 12/3/2019 22:43

Torp, maybe you've lost a lot of money here too - sorry as always.
Anyway, finished posting on assets here and just hope things improve for all shareholders.
Please be fair when posting - good luck to all. - modified 13/03/2019 - 15:51

[torp] 12/3/2019 22:01

Noirua - "as you know I've no personal interest here"

Then why are you ramping this POS?

[noirua] 12/3/2019 21:35

The major investments RGM has seems too big for the company.
A new active Chairman/CEO who can get assets sold quickly through contacts is needed here.
CZN and RRR could be the saviours here - so maybe hold on a bit for news expected shortly.

[torp] 12/3/2019 21:30

lol Noirua still on Duracell batteries.

Game's over mate. Give it up.

[noirua] 12/3/2019 21:26

Met Coal:
Listened through this but the low $36 per ton for Met coal is puzzling.
Would want to know what the original drilling showed for thickness of seams. Also the coal quality in each case, often referred to as wells in the states. What are all in costs per ton?
Mind you, the coal price obtained is so low it would be tough to see a profit.
Companies are happy quoting revenues but not good if all of the costs of the company are higher.

[noirua] 12/3/2019 21:17

Listened through this video:

View, too big for RGM and 50% interest and all other factors including questioned clarity over JV combined with a company going insolvent is... attracting potential partners.
Opinion, flog the whole interest for cash and royalties. Nickel is tough.
I'm not questioning the eventual viability though having $50 million in the bank would be useful to get it to a full production stage and several millions of dollars to cover hold ups etc., Getting the various final approvals takes some time and that can be a long drag. Good Luck.

[60000 muppets] 12/3/2019 15:56

Don't worry chaps.
All will be fine once we "flip" Sudan (or "quick flip" Sudan as I like to call it)

[kemche] 12/3/2019 15:38

Not with Bellend at the helm.

Any realisation from the "sale" of the assets will go towards paying off the substantial liabilities.

[noirua] 12/3/2019 15:34

Below was the opinions about RGM:


The directors are to meet with substantial shareholders and significant holders as to a way forward. The reason for the current position is selling metallurgical coal at $36 per ton and not at a price well above $70 per ton - no answers yet. Also buying assets and putting back debt payments.

Probably best to do a fire sale of some assets and sell shares in Red Rock and Curzon.
After all, the shares are down over 90% from fairly recent highs. So selling at a discount may well be good news. From here that is.

Good luck to shareholders and I hope it can all be pulled round.

[kemche] 12/3/2019 10:23

£18,339,478 of cumulative losses under his tenure. How is that his fault?

[torp] 12/3/2019 10:13

From yesterday's disastrous RNS:

"Regency has been made aware by its JV partners that an immediate requirement for additional working capital of approximately $400,000-500,000 currently exists, and that additional sums may be required over the next six months "

"Immediate funding is required to restart the second highwall miner and to reduce key creditor obligations that have built up during the periods of reduced production towards the end of 2018."

"Regency's capital contributions to the project having fallen behind that of its JV partners"

"The Company currently estimates that a deficit funding situation with its JV partners of approximately $565,000 thus currently exists."



Have to say I'm not the least bit tempted to even make a punt for some kind of a bounce. It's clear there won't be one. Finances appear to be a huge issue. Looks like the end of the road as far as I can see. These kind of lifestyle outfits should never be allowed on AIM in the first place imho.

[kemche] 12/3/2019 08:23

kemche - 15 Feb 2019 - 20:16:09 - 15421 of 15476 Regency Mines 2010 and beyond - upside limitless - RGM

At still nigh on £2m Regency has never been so clearly overpriced - to the tune of approximately £2m. There is no value here.

[edward hopper] 12/3/2019 08:21

How can you still be posting on here,why don't you have any remorse?

You are a wind up.

[torp] 11/3/2019 23:06

2 yr chart here

The 7yr chart is even worse. Very much high time this BOD were removed. Whether anyone else could pick up the pieces and do anything with it is imho debateable.

[kemche] 11/3/2019 22:50

A contemptible and odious little scrote is what you are Ettie. Try working for a change.

[beelzibub] 11/3/2019 22:45

Bells behaviour goes against all the tenets. Such a dishonourable man should resign. The wretches ashes will be cast to the four cardinal winds.

[torp] 11/3/2019 22:28

Still blaming the dire situation on anyone but himself. The BOD antics here and at RRR are simply untenable imho. Lifestyle companies that have done nothing but utterly destroy shareholder value whilst raking in countless £millions in confetti issues and along the way expending £millions on Admin and other expenses.

Perhaps it is actually right that the company has been placed in a perilous position. Perhaps it is time to say "Time gentlemen please" and to put the useless BOD out to pasture. Perhaps they can then dwell on their past behaviours and test their actions and motives against the level. So mote it be.

[beelzibub] 11/3/2019 20:58

Or possibly damage limitation. They are the ones that got out with maybe an 80% loss. everybody else is bummed.

[atinos auntie ettie] 11/3/2019 20:51

There is a phrase that goes you've made your bed, now lie on it. Churlish to say so perhaps but the price would be higher today if certain shareholders had not revolted. Regency is now in a perilous position. Voting to prevent the raising of money in the normal well-established manner appears to have been foolhardy and ill thought through.