Regency Mines Share Discussion Threads

[silverspoon2009] 21/6/2020 12:08

the_sage1

You are probably on the right tack regarding Torp & Co, they attack any company where Andrew Bell has been or is still active, they can be found on POW and RRR threads.

It seems they have lost considerable sums of cash, question is why did they invest in the 1st instance if they are so clever ??

[the_sage1] 21/6/2020 12:00

Spamming of the thread continues by the loss makers, now economically bankrupt after buying into the RGM when the company was valued north of £20m, did not profit, now 'advise' prospective investors not to buy sub £2m m/cap.

You could not make it up !

[kemche] 21/6/2020 10:23

:)

It was for "stuff".

FCA!!!!!!

[cheerleader miss jones] 21/6/2020 07:29

Where has £1,250,000 (65% of present Mk Cap) disappeared to ?

Worryingly at that rate of cash burn the next placing will need to be in as little as a month from now .

[kemche] 20/6/2020 23:21

Shell were looking for just such a partner as RGM as they did not have the requisite skills. Fact!

FCA!!!!!

[torp] 20/6/2020 21:22

Rampers are getting desperate. Clearly they haven't shifted all their placing
shares imho.

Note once again that they never ever present any investment proposition. They
just deal in "jam tomorrow" hopes and dreams or cite some other company that once
did well and then suggest that the same fortunes might happen here.

I am not remotely fooled by their rhetoric which I know would be disastrous to
my wealth if I followed it.

Stick to the facts.

What income is there here?

How many £1000s does the BOD expend in just Admin alone each year and where does
that money come from?

How much on salaries?

Do any of the BOD hold more than 3%? If not why not?

Has the company ever posted a profit? If not why not?


Fundamentals. It's all you need to know imho

DYOR

[the_sage1] 20/6/2020 20:34

Great post Mcnee, you can tell the bashers are running scared, RGM recently up from .65p to 1.35p, some profit taking - but buyers returning late Friday.

RGM now have a wealthy Strategic Investor holding 8% and now a project where Shell are involved + blue sky nickel projects in PNG

Market cap still sub £2m, but not for much longer, will be many multiples soon enough.

[torp] 20/6/2020 19:28

+1 Cheerleader

[cheerleader miss jones] 20/6/2020 14:30

Mrmcnee

Can you give us an example of how James Parsons former connection to Shell will work to RGM advantage?

Lets be honest here the only reason for this deal being put together is because RGM don't know the first thing or have the skill set to put a peaker plant together from scratch .

They have always needed to source a partner in every one of their ventures to date based purely of lack of skill ,talent and knowledge in anything .

The reason why every one of their ventures to date have either vanished ,gone bankrupt , totally failed or have lost control of is because they know how to choose them.

Basically everyone one of the JV partner to date have turned out to be bigger and better wide boys then they are.


19th Dec 2019 RNS" In exchange for selling their 20% stake in AES to Regency, the minority shareholders will be issued 2,461,538 new ordinary shares "

What I am finding puzzling is RGM paid out the equivalent (at the time the share price was 3p) of £75,000 for the remaining 20% stake in Allied Energy Services Ltd.Valuing Southport at £375k,yet the Cambridge site value is 7.5 times less.

Are we to believe this is a lesser asset?

[mrmcnee] 20/6/2020 13:05

One reason buyers are returning to Regency are James Parsons former links to Shell, the recent deal indirectly involves Shell, of more interest are the associated parties with experience in expediting energy projects that are now associated with Regency via the aforementioned deal.

This is exceptionally good news, not fully recognised in the market, YET !

Interesting that Doc Holiday seems to be on the money in his latest podcast

[cheerleader miss jones] 19/6/2020 16:32

"Its prudence"

No one of sane mind would conduct a £210k placing to execute a preliminary £25k "chicken feed" deal unless of course they don't have £25k.

That is the only logical explanation .

[torp] 19/6/2020 16:03

Just so utterly laughable all round

Clear to see what the earlier pump and dump was about. Only the most naïve
couldn't see it and bought in on the lame hype. Now they are left holding the
baby and having to learn a hard lesson.

Into the 0.9ps next week then down back to the 0.7p levels imho.

Nothing ever changes


Just endless confetti


and with Admin alone running at £742,000 !!!


Suckers game imho. Total avoid for me.

DYOR

[kemche] 19/6/2020 15:47

Bamba - will they be raising funds on a monthly basis now?

FCA!!!!!

[bambos22] 19/6/2020 15:21

It's prudence....and it's not a 25k deal.. read RNS..Unlike many AIM companies this deal isn't to "keep the lights on"...

[edward hopper] 19/6/2020 15:08

RMI Update:

The Company was advised in April 2020 that Regency Mines PLC had agreed to acquire A$1.71 million of debt of RMI from Sinom (Hong Kong) Limited, RMI’s largest Shareholder and an entity controlled by RMI’s Non-Executive Director, Andy Zhang. RMI is not a party to this debt acquisition by Regency.

A summary of the debt purchase agreement, derived from a public announcement by Regency in London on 8th April , was released to the market on 9th April 2020.

Included in the Regency announcement was reference to its “...plan to initiate constructive discussions with RMI management regarding synergies between its Mambare project and the WoWo Gap nickel-cobalt project in PNG”.

At this stage, Regency have not initiated any discussions.

[cheerleader miss jones] 19/6/2020 12:49

"A fund raising to facilitate a £25k deal does not indicate an empty bank balance."


I am so sorry for this but yes it does.

[cheerleader miss jones] 19/6/2020 12:36

Where has all the money gone?

£770k in Dec , £470k in April and now £210k in June .


Total £1,450,000 Raised in 6 months while during that period investment costs have been
£178,096 (RMI Debt purchase) and todays £25,000 , total £203,096.

We are missing £1,250,000 in other words.


"AUD 1.7 million of debt in RMI purchased by Regency for a consideration of £178,096 cash and 13,288,982 new ordinary shares of the Company "


I am sorry for this but you have to ask where has the remaining £1,250,000 disappeared to ?

[bambos22] 19/6/2020 11:53

Parsons has connections with Shell... lovely jubbly

[torp] 19/6/2020 11:38

"turnaround story" Haha it's comedy hour again

The charts don't lie.

Endless share price decimation





DYOR

[bambos22] 19/6/2020 11:27

Great news

[torp] 19/6/2020 11:03

Salaries and Admin. Rinse repeat

[torp] 19/6/2020 11:03

"envious of new buyers entering sub £2m m/cap."

Haha you have to be joking !!!

Why would any PI want to buy into an AIM lifestyle outfit that makes yearly losses and endlessly issues
confetti and decimates the share price as a result of its business model? The £2m MCAP is merely testimony to
it's utter failure.

DYOR

[the_sage1] 19/6/2020 10:37

The bashers here are economically wiped out stale bulls who bought RGM at the top of the market when the company was valued north of £20m, they lost a packet since and are envious of new buyers entering sub £2m m/cap.

How ironic they suggest one should not buy sub £2m m/cap yet they bought in when the company was valued 10 times more !

It is evident RGM is a turnaround story, recent events prove as such, the new 8% cornerstone investor has financial muscle the bashers can only dream about, I am sure he will be integral in due course.