Regency Mines Share Discussion Threads

[torp] 07/7/2020 18:11

Desperate stuff

[barnes4] 07/7/2020 17:03

How helpfull

[helpfull] 07/7/2020 16:55

The situation at WoWo Gap is interesting. Sinom continue to finance RMI with its quarterly loans.About $55,000. The remuneration for BOD has not been paid for a long time, but is accrued. Compare that to the largesse the RGM executives dole out to themselves. Warwick Davies, the managing director has worked tirelessly on the project for years and has gained a good reputation with locals. Imagine how he feels when some corporate shirt button from the other side of the world buys some of the debt of the company(RMI) and declares the nickel asset as his own. The debt owed by RMI doesn't have to be repaid until March 2021. RGM is a long way from getting its legs under the table. It will be until after March 2021 before the Exploration License at WoWo Gap is awarded and that relies on the goodwill of Warwick Davies as well as the local chieftains. Many pitfalls for shareholders ahead.

[barnes4] 07/7/2020 16:38

Yes you have said every single day

Just call the police if you feel so strongly roar

[torp] 07/7/2020 16:28

ANNUAL REPORT RESULTS
=======================

2012 - Loss of £2,112,350 - Admin £1,091,108 - Cash raised £907,090
2013 - Loss of £5,166,017 - Admin £1,224,013 - Cash raised £3,327,678
2014 - Loss of £1,508,812 - Admin £881,947 - Cash raised £1,212,805
2015 - Loss of £5,888,742 - Admin £964,761 - Cash raised £1,049,765
2016 - Loss of £1,965,722 - Admin £594,733 - Cash raised £781,595
2017 - Loss of £534,267 - Admin £414,943 - Cash raised £1,576,701
2018 - Loss of £1,549,619 - Admin £735,697 - Cash raised £1,150,000
2019 - Loss of £2,607,978 - Admin £652,918 - Cash raised £240,000

Total Losses above - £21,333,507

Total raised above - £10,245,634

Total Admin above - £6,560,120


Directors keep paying themselves despite the yearly losses made. Just look how
much of the raised cash disappears in Admin alone !! It's crazy.

Total avoid imho

DYOR

[helpfull] 07/7/2020 15:28

RMG does not have any nickel assets.At WoWo Gap it has bought some of the debt in RMI. At Mambare it has 41% of a project controlled by its partner because it could not afford to pay its way. Neither project produces any nickel and have not done so in 20+ years of existence. It is highly likely neither will produce any for the foreseeable future. Both are in PNG and due to the coronavirus neither have or will move license applications on for the next year. WoWo Gap is run on a shoestring. Sinom are currently financing to the tune of $55,000 a quarter. Someone is trying to convince investors that RGM has a worthy asset. It is a mirage. The nickel is very likely to stay in the ground.

[the_debt_collector] 07/7/2020 14:47

The AIM market is fast these days, long gone are the days where a share price rises in gradual movements, 100%-200% rises in illiquid juniors like RGM can happen in a few days.

Worth noting there has not been material selling of Regency stock since December, that suggests the bulk of holders are happy to await developments.

You have to be in it to win it, plain and simple.

[observer007] 07/7/2020 13:53

I am new here but can only assume the bashers operating the various bulletin boards daily are either short, former investors with a grievance or market makers (or associates of) who are running a short book.

I registered for the Regency the Q&A session early and was online through it, it lasted over 90 minutes and some very revealing comments were made about the way ahead.

I am convinced the company will deliver and re-iterate the importance of Sinom Group (Hong Kong) as a large shareholder in Regency - the bear case is minimalistic, buying sub £2m market valuation gives new investors the potential for significant upside.

The nickel projects in PNG are very worthy, Sinom Group is an investor as well as a developer and processor of mineral resources, they will want a return on their $5m capital employed in PNG to date, the aim seems to be consolidate Mambare and Wo-Wo Gap and either sell them or bring in a significant JV partner, this partner does not have to be Chinese.

Investors need to decide for themselves, I have put my cash in and am very happy to have done so at current levels.

[torp] 07/7/2020 13:42

Rampsters are getting rather desperate here. Loads of aliases appearing. Same old

Will be avoiding this one myself as it's a sucker share imho

DYOR

[kemche] 07/7/2020 13:25

Whoosh! Cheap by any measure - trurnover, profits, cash in the bank etc

(Where the hell has ALL the money gone????)

[bambos22] 07/7/2020 13:00

Desperate from the derampers as the buys begin to trickle in... don't wait for the masses to arrive

[torp] 07/7/2020 12:47

Laughable ramping
.

[bambos22] 07/7/2020 12:30

Very unhelpful and speculative... Mr helpful looking for cheap shares and has been added to the multi aliases troll list

[barnes4] 06/7/2020 22:32

Very helpfull

[helpfull] 06/7/2020 22:30

The relationship between the PNG authorities and Chinese investors is at rock bottom. The chance that RGM would be able to combine with Sinom and push through Mambare and/or WoWo Gap is minimal. Both are under the control of Aussie companies,and that suits PNG at present. There is a trend in country to allow locals more say in who controls what goes on. Both projects are far away from any hint of production.Expect the lack of progress of the last 15-20 years to continue. There are better projects elsewhere in the region that do not have as many hurdles to overcome.

[kemche] 06/7/2020 21:25

Sinom takeover of RGM with Shell on the cards?

[observer007] 06/7/2020 21:17

There has been little mention of the new 8% shareholder in Regency, namely Sinom Group, they are a significant financial entity.

Since 2015 they have put in around $5m into Resource Mining Corp via convertible notes, basically keeping them afloat/solvent - Regency has now partially bought that debt for a pittance, it is suggested Regency are working with Sinom.

It is pretty obvious where this is going - Sinom Group will almost certainly provide funding to RGM to consolidate both nickel projects in PNG (Mambare and Wo-Wo Gap)

In my view we are at a exciting stage of transformational change for Regency - over the coming months I expect this to become more apparent.

[barnes4] 06/7/2020 17:54

Was it your pension fund??

Go on you can tell me mums the word I love a sob story

If I were you I would ask FCA for a refund!!

[barnes4] 06/7/2020 17:08

Kem

How much did you lose pal seems an awful lot

[kemche] 06/7/2020 16:02

Rarely have I seen folks lose a fortune in situations like these.

(Where has all the money gone????)

[barnes4] 06/7/2020 16:00

If it wasn’t for the past you wouldn’t be able to buy at these prices

I have seen people make a fortune in situations like this

[bambos22] 06/7/2020 15:54

Looks like the bulls are winning the day... RGM is very cheap.. Lots of news flow in the pipeline.. Recent shareholder Q&A is very informative and should give new investors an insight into the days, weeks and months ahead..