1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Dear Guest, we realise advertising is annoying, it is however necessary to help us be a sustainable resource for all, if you want to go advert free then please use the following link to subscribe for £5 a month: Click here
    Dismiss Notice

(RGM) Regency Mines plc Share Chat

Discussion in 'General Share Chat (RGM)' started by Inspiration, Feb 23, 2016.

  1. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    They have a 5% stake in Horse Hill and are believed to be significantly undervalued. Up 50% today.

    Needs more research.

    RNS 22nd February 2016
    REGENCY BUYS BACK INTO GATWICK GUSHER
    (ShareCast News) - Regency Mines has agreed to acquire an interest in the Horse Hill oil development in the Weald Basin near Gatwick Airport for £400,000 in cash and shares.
    Regency has signed binding heads of agreement with unlisted Angus Energy to purchase 5% in Horse Hill Development Ltd (HHDL), the special purpose company that owns a 65% participating interest and has the operatorship of the PEDL 137 licence, which last week produced a healthy flow of oil after test drilling, as well as the adjacent licence PEDL 246.

    The AIM-listed company, which sold out of the same percentage of HHDL last year, will pay £223,730 cash and issue Angus with 54.2m new shares priced at 0.325p per share, worth £176,270.

    Regency is settling the cash component of the consideration out of its working capital resources.

    Additionally, Regency has agreed to grant Angus 17.9m options exercisable into Regency shares at a price of 0.39p within eighteen months of the day of grant.

    Following the transaction, Angus will be interested in 29.9% of the issued share capital of Regency. Angus has stated that its interest in Regency is purely as an investment and that it intends to retain its shares.

    In December Angus, which also has a 60% interest in the producing Brockham oil field located in Surrey and a 50% interest in the producing Lidsey oil field located in West Sussex, declared its intention to float on AIM.

    Regency chairman, Andrew Bell, said the company was buying back on "broadly equivalent terms" at which it had sold out of HHDL last year.

    "With the additional information now available, the asset now meets the investment criteria stated then. The timing of progress to production can be better quantified and in our opinion the potential and scale of the rewards now far outweigh the risk."
     
    Last edited: Feb 23, 2016
    Makaira88 likes this.
  2. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
  3. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    Another company with an interest in HHDL (Horse Hill Developments Ltd) is Stellar Resources (10%). However, they are also quoted on the ISDX and according to chat, more trades seem to happen there rather than on AIM. Shareholders feel that they are missing out on the gains enjoyed by other companies, such as Regency Mines (5%), Solo Oil (10%), Doriemus (10% - very disgruntled shareholders - dilution, suspension etc), UKOG (28%) and Alba (15%) to name a few.

    HHLD Ltd has a 65% interest in the Horse Hill license.
     
    Last edited: Feb 23, 2016
  4. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    There is mixed confidence in Andrew Bell. A lot of the gold mines, which RGM have invested in seem to be disappointing. The stake in Horse Hill is the one which people are interested in.

    ONZ have rcently invested in RGM.
     
    Makaira88 likes this.
  5. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    Onzima Ventures (ONZ) took part in the latest placing, as follows:

    The Company announces (10th March) that it has invested approximately £45,000 in the fundraising of £400,000 by Regency Mines plc ("Regency"), an AIM-traded natural resources exploration company, which was announced earlier today.

    Onzima has acquired 7,441,806 new ordinary shares in Regency at a price of 0.6p per share together with 2,480,602 warrants over new ordinary shares which will be exercisable on the following three dates: 1 July 2016, at an exercise price of 0.78p; 1 November 2016, at an exercise price of 1p; and 1 February 2017 at an exercise price of 1.2p.
     
    Makaira88 likes this.
  6. Makaira88

    Makaira88 Life's a beach ...

    Messages:
    783
    Reputation:
    891
    Inspiration likes this.
  7. Makaira88

    Makaira88 Life's a beach ...

    Messages:
    783
    Reputation:
    891
  8. Makaira88

    Makaira88 Life's a beach ...

    Messages:
    783
    Reputation:
    891
  9. Makaira88

    Makaira88 Life's a beach ...

    Messages:
    783
    Reputation:
    891
    REGENCY MINES PLC

    ("Regency" or the "Company")

    Issue of Equity and TVR


    30 August 2016


    Regency Mines PLC, the natural resource development and investment company with interests in oil and mineral exploration, announces that it has raised £300,000 by way of placings of 75,000,000 new ordinary shares of 0.01 pence each ("Shares") in the Company at a price of 0.4p per share with 1 for 1 warrants exercisable at a price of 0.8p for thirty months ("Placing"). The proceeds will be used for general working capital purposes.

    Andrew Bell, Chairman of Regency Mines states: "We are delighted to report that we have raised a total of £300,000 from high net worth private investors, including Paul Johnson, who has been investing in Regency from an early stage. He shares our view that the cycle has bottomed and that in these circumstances openings abound for a company such as Regency. We welcome him and our other new investors."

    Further Information and Additional Terms

    The Placing is conditional on admission of the Shares to trading on AIM ("Admission").

    Paul Johnson has subscribed for a total of 18,750,000 shares under the Placing, payable in two tranches of 9,375,000 ("First" and "Second" tranche).

    Payment of the Second tranche is due by 31 October 2016 conditional upon Regency maintaining its 100% holding in the Motzfeldt Rare Earth Minerals project and its 50% holding in the Mambare Nickel project until at least the date of the Second tranche payment.

    Paul Johnson will have right to join the Board after payment of the Second tranche, subject to regulatory requirements.

    Application has been made to the London Stock Exchange for Admission of the Shares (other than those to be issued upon payment of the Second tranche and so amounting to 65,625,000), which will rank pari passu with the Company's existing issued Ordinary Shares. Dealings are expected to commence at 8.00 a.m. on or around 12th September 2016.

    Following the Placing, the Company's total issued ordinary share capital will consist of 318,009,571 Shares with voting rights. No Shares are held in treasury.

    The above figure of 318,009,571 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.

    Note: The Market Abuse Regulation ("MAR") became effective from 3 July 2016. Market soundings, as defined in MAR, were taken in respect of the Placing with the result that certain persons became aware of inside information, as permitted by MAR. That inside information is set out in this announcement and has been disclosed as soon as possible in accordance with paragraph 7 of article 17 of MAR. Therefore, those persons that received inside information in a market sounding are no longer in possession of inside information relating to the Company and its securities.
     
    Inspiration and QuiPP like this.
  10. Makaira88

    Makaira88 Life's a beach ...

    Messages:
    783
    Reputation:
    891
    Inspiration likes this.
  11. Cacher

    Cacher A Legendary Member

    Messages:
    148
    Reputation:
    50
    Further to the announcement of 17 November 2014, and subsequent references in the Company's announcements, Regency has initiated a review of its Motzfeldt Multi-Element Project, covering the Motzfeldt Centre, Greenland, and contained within its license 2014/01 ("Motzfeldt Centre"), with a view to conducting further work that will give a comprehensive understanding of the composition and economic potential of the Motzfeldt Centre, most of which remains unexplored or lightly explored.

    Highlights

    · The Motzfeldt Centre Project includes a previously notified JORC Inferred Mineral Resource of 340Mt @ 120ppm Ta2O5, 4,600ppm ZrO2, 1,850ppm Nb2O5 and 2,600 ppm total rare earth oxides

    · Resource contains a significant Tantalum Resource

    · Other areas within the license with potential for mineralisation little explored

    · Globally significant scale of existing Resource indicates further potential

    Regency Chairman Andrew Bell commented:

    "As the exploration and commodity markets moved inexorably towards their lows, the opportunity arose to pick up at negligible cost the massive Motzfeldt Centre Project, with its declared Mineral Resource and known exploration potential. We had in-house alkaline rock and Greenland exploration experience, and knowledge of the Motzfeldt area, so we seized that opportunity.

    Demand for tantalum, niobium, and rare-earth minerals continues to increase.

    Regency has always looked for projects where the potential for scale exists.

    We were not in a position to do more last year than fund some academic fieldwork and sampling in the unexplored but accessible Swaldale area to the west of Qooroq fjord, near the Narsarsuaq international airport, looking at the petrological and geochemical characteristics and petrogenesis of the peripheral syenites in that area. Through this and other work new prospects have been identified besides the existing Resource area.

    It is now time, in an improved environment, to find ways to progress the Project. We have over time received several expressions of interest in purchasing the asset, and have indicated terms on which we might consider disposing of all of our interest. We are now notifying all such parties that in the light of current interest we are reviewing our position. We have also established a data room and will be ready to engage with any parties interested in partnering with us on this asset."

    Background of the Motzfeldt Multi-element (Nb, Ta, REE) Project, Greenland

    The technical information contained in this announcement was previously disclosed in the Company's announcement of 17 November 2014, from which the following summary is derived:

    Regency holds 100% of the Motzfeldt Centre multi-element (niobium (Nb), tantalum (Ta), rare earth elements (REE)) Project through its ownership of licence 2014/01 in southern Greenland.

    The licence covers 555km2 of the Gardar Province in southern Greenland, host to three large REE deposits, including the important Motzfeldt Centre, a part of the Igaliko Nepheline Syenite Complex. The licence area includes a multi-element prospect believed by GEUS (Geological Survey of Denmark and Greenland) to be one of the world's largest Ta deposits with a prospectivity identified by GEUS of 600 million tonnes grading 120 ppm Ta (high grade zones up to 426 ppm Ta) and 130 million tonnes grading 0.4-1.0% Nb2O5. The prospect has known and significant rare earth potential, requiring exploration.

    The Motzfeldt Project is located 50km north-east of Greenland Minerals and Energy Limited's Kvanefjeld Project, considered to be one the world's largest rare earth resources with extensive additional resources of uranium and zinc.

    The Motzfeldt area was first explored in the 1980s by GEUS who carried out regional chip sampling and a detailed helicopter-borne radiometric survey, identifying five radiometric anomalies over a 7km strike length, shown to be associated with tantalum-rich pyrochlore mineralisation hosted by hydrothermally altered syenite. Cabot Corporation carried out further work in 2001, including a 9 hole, 1,621m drill programme intercepting up to 18 metres @ 630 ppm Ta2O5and 7,800 ppm Nb2O5.

    On 27 April 2012 Ram Resources Limited (ASX:RMR)("Ram") made an ASX announcement of a maiden JORC Inferred Mineral Resource in one part of what is now Regency's Motzfeldt Centre Project, of 340Mt @ 120ppm Ta2O5, 4,600ppm ZrO2, and 1,850ppm Nb2O5 at a cut off operating cost of $60/t. Additional details are summarised in the table below:

    Commodity

    Ta2O5

    Nb2O5

    ZrO2

    TREO

    U

    Th

    Grade (ppm)

    120

    1,850

    4,600

    2,600

    70

    120

    Product (t)

    40,800

    629,000

    1,564,000

    884,000

    23,800

    40,800

    Mineral resources are not mineral reserves and do not have demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate and any resultant apparent errors are not considered to be material (SRK Consulting (UK) Ltd).

    A copy of the Ram announcement of an Inferred Mineral Resource may be found at http://www.asx.com.au/asxpdf/20120427/pdf/425vdqmzhqgxp0.pdf

    Figure 1 Map showing the 2014/01 licence area
    http://www.rns-pdf.londonstockexchange.com/rns/1381J_-2016-9-6.pdf
     
    Larry, Makaira88 and tricombe like this.
  12. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    Rhodri888 likes this.
  13. Groucho

    Groucho Member

    Messages:
    4,641
    Reputation:
    324
    Andrew Bell – Chairman – Regency Mines PLC #RGM
    [​IMG]

    LSE Share talk catch up with Andrew Bell to talk about Horse Hill Update – Upgrade to Portland Oil in Place RNS 19th July 2016.

    Petrophysical Analysis Increases Total Portland Horizon Oil in Place from 7.7 to 22.9 million barrels (“MMbbl”) per square mile

    Petrophysical Model Revised Including Dry Oil Test Observations and Measurements

    Portland Flow Rates Expected to Increase Using Higher Capacity Pump

    Barton Wilmore to be Commissioned to Prepare and Submit Planning Application for Appraisal Program at Horse Hill

    Program will Seek to Test 3 Kimmeridge Limestone Zones Plus Portland for up to 360 Days, Drill Two Additional Appraisal Wells, and Acquire Additional 3D Seismic Data

    Andrew Bell, Regency Chairman, comments: “The revised Nutech analysis has encouraging implications for potential recovery percentages and commercial viability. The economic potential of the Portland sandstone horizon appears much greater than previously thought.
     
    Inspiration likes this.
  14. Groucho

    Groucho Member

    Messages:
    4,641
    Reputation:
    324
    Share Views – Episode 6 – Gold & Oil Bulls 09/09/2016

    Zak Mir hosts ‘Share Views’ – London South East’s (www.lse.co.uk) weekly Trader and Private Investor show.

    Section 1 – Angelos Damaskos, Investment Manager from Sector Investments, discusses the Gold-Oil ratio that he believes points to the potential risk of another financial crisis.

    Section 2 – Q&A with Andrew Bell, CEO of Regency Mines (RGM ) and Chairman of Red Rock Resouces (RRR). The questions are posed by investors; gained from lse.co.uk’s Chat Forums, Twitter, and e-mails.
    http://www.share-talk.com/share-news/share-views-episode-6-gold-oil-bulls/
     
    Inspiration likes this.
  15. tricombe

    tricombe Member

    Messages:
    1,843
    Reputation:
    1,101
  16. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
  17. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
    Final results to 30th June are likely to be announced at the end of Nov/ early Dec.

    Have a look through previous RNS's above to see details of placing prices (0.4p - 0.6p) and warrant prices (0.78p - 1.1p)

    I don't know if they have enough cash, or if there will be a further placing, since the warrants haven't been exercised, which would provide a cash injection if needed.

    Lots more buys this week, up 11% today, although big spread.

    Paul Johnson (Ex CEO of MTR) owns 9%.
     
    Last edited: Nov 9, 2016
    Larry and mart101 like this.
  18. Inspiration

    Inspiration Moderator Moderator

    Messages:
    2,321
    Reputation:
    788
  19. jackjack

    jackjack Administrator Staff Member

    Messages:
    2,082
    Reputation:
    843
    Larry likes this.
  20. Groucho

    Groucho Member

    Messages:
    4,641
    Reputation:
    324
    25 November 2016
    REGENCY MINES PLC

    ("Regency" or the "Company")

    Metallurgical Coal - Heads of Terms



    25 November 2016



    Regency Mines Plc ("Regency" or the "Company"), the natural resource development and investment company is pleased to announce a Heads of Terms has been signed by Regency to acquire a significant shareholding in Carbon Minerals Corporation ("CMC"), a Delaware Company which has entered into an agreement to acquire the Rosa metallurgical coal mine (the "Rosa Mine") located in Alabama, United States of America in the Warrior Coal Basin.

    Key Highlights:

    · Regency has signed a conditional binding Heads of Terms to acquire a 20% shareholding in CMC, a special purpose company formed to hold the Rosa Mine which is being acquired for an aggregate consideration of US$1.65 million payable US$25,000 monthly plus a royalty per ton produced;







    · Regency to pay an initial refundable cash deposit of £50,000 with a further £200,000 due after due diligence and completion of a shareholders' agreement, expected to be on or before 23 December 2016;



    · The Rosa Mine received in 2010 a NI 43-101 report prepared by McGehee Engineering Corporation stating that Phase 1 of the Rosa Mine project contained Proven Reserves of 453,000 tons of coal at an average 14,070 BTU/lb with 5.14% average moisture content and 4.45% average ash content;



    · Assumptions to be tested as part of the due diligence include that CMC will start coal production at Rosa Mine within three months and will before then utilise the preparation plant on site to wash coal on behalf of third parties;



    Andrew Bell, Chairman of Regency Mines comments: "This is an opportunity for Regency Mines to acquire a stake in a metallurgical coal project in a safe jurisdiction which appears to have potential for early cash flow. In the event that after due diligence we proceed, the shareholders' agreement will contain a payout provision to ensure regular distributions, as well as normal shareholder protections.

    The Rosa Mine comes with a substantial NI 43-101 coal Reserve, valuable infrastructure and permits, and a plan to start full coal production very shortly. Moreover the gross project Reserve of some 450,000 tons of metallurgical coal is derived from less than 20% of the initial mine lease area with further upside potential from additional local mine acquisitions.

    The price of metallurgical coal, like that of other key steel inputs like manganese, has risen considerably recently and the Rosa Mine is expected to be a low cost operator. There is a good local demand for this type of coal within Alabama.

    The team at Regency are pleased to secure this Heads of Terms offering an opportunity to participate in a near term cash generative coal production project with expansion potential. This is in line with our focus on cash flow generation and on acquiring key strategic interests while capital values remain depressed.

    We will be providing further information to market in respect of this project opportunity shortly."



    This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.



    Glossary

    BTU: British Thermal Unit, the amount of work needed to raise the temperature of one pound of water by one degree Fahrenheit. In the U.S.A., the energy content of fuels is commonly expressed in BTUs. One BTU approximately equals 1055 joules.

    Mineral Reserve: the economically mineable part of a Measured or Indicated Mineral Resource demonstrated by at least a Preliminary Feasibility Study, including adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified.

    NI 43-101 National Instrument 43-101, a Canadian set of rules and guidelines setting standards of disclosure for mineral projects, based on the Standards of Disclosure for Mineral Projects of the Canadian Institute of Mining.

    Proven Mineral Reserve: the economically mineable part of a Measured Mineral Resource, with the highest degree of confidence in the estimate, restricted to that part of the deposit where production planning is taking place and for which any variation in the estimate would not significantly affect the potential economic viability of the deposit.

    Ton: a short ton, the measure commonly in use in the U.S. coal industry, and consisting of 2,000 lbs rather than 2,240 lbs
     

Share This Page