It's clear to me that Johnson's buying in for the Mambare Nickel deposit.
Regency are looking to capitalise on the EV revolution and they are setting up a new battery division and forming a new company to develop opportunities in the battery market.
Nickel has rallied strongly over the last year and with the explosive growth of EV's, Nickel is going to be one very hot metal and in serious demand over the coming years.
So I think Johnson strongly believes that the Mambare Nickel mine will be worth many multiples of the current value the market places upon it and I most certainly agree with him .
With a miniscule mkt cap of £3.4million, there's plenty of potential upside for Regency shareholdees on the Mambare Nickel Deposit.
Well hes cleared that up with two ramps yesterday, he likes the fact they are taking some profit from UKOG holding,............ Selling £ 741,500 worth they purchased for £ 285000 @ an average price of 7p.
They have stated raising money to fund elsewhere.
He sees valuation gap , and noted RGM was up 14% and UKOG down 4% in between his two ramps yesterday.
I've followed Bell for many years. He is an an gambler who likes the risk of unusual projects around the world on the basis that some will be successful and others not. Risk has not worked in his favour in recent years, but he has had some wonderful investments - Jupiter Mining (RRR) and potentially Horse Hill/UKOG (RGM) which may well dwarf all his others. He has had a terrific ability to raise money in the market when RGM and RRR have been in some difficulty, because he always has a good story to tell. This is not a criticism, it is just how he deals with risk and reward. The potential of his company investments is immense, but so is the risk. Coal and gold and oil are fit into this description. I have a few shares and will enjoy the ride, as I enjoy a gamble too. I will rue the day when Bell leaves the scene as his investments are always interesting.
No , no strange omisssions but a reasonable evaluation
Without the UKOG deal (a good and lucky one !) the shareprice would be ~0,5 p.
Now it's ~0.7p so the market rewarded this deal
But the market still has unanswered questions about these metall. coal projects
questions like : how is it possible that we could buy these coal properties so cheap ?
-What kept the "natives" from buying? Surely the must have the same or even more info
-Why were we given such a good deal by mr Moscicki ; three times in a row , what a man!
These questions got louder after the Rosa silence
- We have the property , the machinery , all the needed permits and even off take agreements
but the silence is deafening after more then 3 months
So i agree with you about stange omissions but only if you mean the continuing lack of information
It's strange that no-one has commented on the £282,502 worth of UKOG shares bought at 1.55p, on 10th July,and now worth 6p, and the 3.1% of Horse Hill that RGM still holds. The current Market Cap of £3.9m looks more than a little low now.
and STILL no news. Difficult to avoid negative conclusions again surrounding Mr Bell - this company needs new leadership much as is happening for example in Ortac leading to an improvement in market sentiment!
i have to correct myself
yes there is bad news
a delay of more then two months is not a hiccup
it's a problem
the real problem however is the silence , no rns , no explanations
the only noise you hear is the slowly crumbling share price
AB where are you
If A Bell is UN-ABELL to count the number of company shares, how can one expect him to be able to count his company's finances.
Is he totally incompetent ?
Can one ever believe his "forward-looking statements ?
no not perse but the delays are irritating
and yes to start up an old mine and the use of old equipment (the highwaller) you can expect some
hiccups , some delays but still
maybe the enthousiastic informations in februari /march/april made me expect a more smooth start
27/2 highwall miner onsite and will start producing coal to stockpile
9/3 mining of coal with the highwall miner on site
..diliveries of mined coal expected before end of march
27/3 highwall contractor on site and ready to start coal operations
20/4 highwall contractor to start coal operations immenently
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