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Tue 16:46Price: 0.30
zumore5,157 posts
Shifty interview by Bell yesterday

https://www.youtube.com/watch?v=oReMnIE3KHU

Even though this JV have been operating this USA coal asset for near 6 months, he's avoiding giving any numbers these days. When interviewer asked Bell about them he replied:

"To come out with hard numbers relating to a specific period ........still too early"

They must be making big losses with the coal because if they were anywhere near to making profits they'd be releasing full numbers, showing the profit/losses in the first 5 months, also showing what numbers they would need to achieve to be profitable. Bell won't even tell shareholders tonnage or revenue each month now which is shocking.

Why the larger shareholders still keep the RGM share price destroyer in his job i will never never know. Totally bizarre.
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Tue 15:51Price: 0.30
MrMagic11,659 posts
RE: Lol

joebop - "The incompetent fools can't even get a simple thing like TVR correct."

Yeah, neither here not at RRR.

Remind me again why we pay for "professional" NOMADS to check RNSs!
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Tue 15:49Price: 0.30
MrMagic11,659 posts
RE: RNS issue of equity.

Liarbank - "peanuts"

Shame the CLNs just announced aren't peanuts though eh ? Clearly the first of a few Tranches but Tranche 1 alone represents the potential for 160m more shares plus 80m from the warrants. All at a tasty 12.5% interest too !
Great for the (cough) high net worth investors of course!
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Tue 15:22Price: 0.30
IndiVestor986 posts
RE: Lol

But this is a really good investment init Harry.

Lololololol
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Tue 14:54Price: 0.30
joebop3,221 posts
RE: Lol

The incompetent fools can't even get a simple thing like TVR correct.
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Tue 12:50Price: 0.30
zumore5,157 posts
RE: Todays RNS looks ugly to me

Some of my content in yesterdays 10.47am post was incorrect, so forget that.

Yesterdays RNS says: " Up to 1,100,000 of Notes may be issued, in one or more tranches".

So with tranche 1 having 676,000 convertible loan notes i guess tranche 2 will be around 424,000, to take it up to the maximum 1,100,000 in notes.

Yesterdays RNS says about the reworked $1.6 million June 2018 loan (from YA + Riverfort):

(1): "US$580,000 repayment will be made following execution of the Deed, of which $500,000 will then be subscribed by the Lenders for 395 of the Tranche 1 Notes at a cost of 395,000"

(2) "A US$160,000 repayment will be made from the proceeds of any third party financing including the issue of any further tranche of the Notes"

So if the full 1.1 million loan notes are issued and let's say YA or Riverfort only took the above 395,000 in loan notes. I have RGM (out of that 1.1 million) would have around 520,000 remaining. Do others have that amount drastically different?
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Mon 20:57Price: 0.30
cattleman991 posts
Andrew Bell

What a twat he is...always always jam tomorrow
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Mon 20:15Price: 0.30
harhoo9,867 posts
death spral

probably lose all value - wdc a good example
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Mon 19:25Price: 0.30
briarbank4,180 posts
RE: RNS issue of equity.

peanuts...............

22,571,428 @ 0.35p = 79k (before expenses)
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Mon 11:07Price: 0.30
zumore5,157 posts
It's twice now this RGM chairman

had insisted to PI's that huge loans taken out would be converted at a premium. In April 2017 RGM took out a massive YA loan https://twitter.com/Regency_Mines/status/849633794953023489 and RGM twitter tweeted: "Regency issues instrument with 1.155p conversion price, no warrants"

That was untrue and they paid off most of that loan at 0.55p.

When the 6th June $1.6 million loan was announced the chairman on the same day tweeted: "Here there is no conversion possible for 6m and even after that only at healthy premium......"

https://twitter.com/AndrewBRRR/status/1004329336080609280

Again untrue.
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