could this be the next one to go like white nile speculaors talking about 20p i'm in @ 4p RAB capital have 30% so following thier lead any opinions ????

Agreed little information around on this, but still the buys outweighing the sales albeit at lower levels than yesterday. Not sure I have the nerve for this type of gamble, but good luck to those that have!

I'm the same. Wish I had the bottle but prefer to tread safer ground. Now about White Nile!

MS

Think this one will continue to gain momentum! Not too many shares up for grabs so any news will make this one explode! I'm in.

can see it sliding further

Gordon you think it will slide further after todays news ?

MM

What news?

MS

might just be worth another look at this level good old city equities managed to get shot of there 5M shares expect most of the buyers paid 5p upwards so could be few disgruntled shareholders out their if this one goes

Maybe will buy a few of these.

Yes - but what is really backing the sp or is it still an empty shell just at the moment?

Announcement today & sp up a shade, but still no turnover for this one.
The comment on search for 'ventures producing early cash flows' are key to whether this could subsequently take off IMHO.

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Regency Mines posts maiden H1 pretax loss, encouraged by exploration activity

LONDON (AFX) - Regency Mines PLC, an exploration company admitted to AIM on Feb 22, said it made a pretax loss of 12,664 stg in the period from Sept 10 to end December 2004.

The company, which has no turnover, added that it is 'encouraged by continuing exploration activity'.

It said it is focusing on the search for ventures that might produce early cash flow.

The exploration company also said it expects the demand for commodities to remain strong and that the amplitude of down-cycles over the next few years may be restricted.

Time to look again at this minnow. If the assets pay off the payback to shareholders at this level will be very worth while.

Started to move higher now.

BUNDARRA PROJECT

Soil sampling and geological mapping has been completed over three prospects
within the Bundarra project area; Isens, Flora Range and Mt Flora.

At Isens, soil sampling was completed on 200m x 80m centres in open terrain.
Results were significant; peaking at 3.1% copper with 0.9g/t gold and 10.8g/t
silver. Other results include 0.5% copper with 0.36g/t gold and 2.5g/t silver.
Copper and gold anomalism has been outlined over approximately 1500m of strike
and remains open to the west. At surface, mineralisation is up to 30m wide and
hosted by a brecciated, iron-stained quartz-feldspar porphyry. Primary sulphides
are chalcopyrite and pyrite, with secondary copper carbonates of malachite and
azurite. Drilling of three traverses of angled RC holes is required to test
mineralisation at depth.

At Flora Range, soil sampling was completed over 4km of strike on 200m x 80m
centres. Copper and gold anomalism was outlined over the entire 4km of strike
and remains open to the southwest. Maximum results were 2400ppm copper with
28ppb gold and 2.7g/t silver. Mineralisation is hosted by discontinuous lodes of
brecciated granite intruded by veins of iron and malachite stained
quartz-feldspar porphyry. Ten sets of historic workings were located within the
Flora Range area, each commonly returning +2% copper from historic rockchip
sampling by previous explorers. Only one working has been tested by a single RC
hole that, significantly, returned 3m @ 7.2g/t gold from 36m. A ground
geophysical survey (IP) and RC drilling is required to test the peak geochemical
response.

At Mt Flora, the immediate area of historic workings has been subject to much
surface exploration in the past and, consequently, soil sampling and mapping was
focused on potential northern and southern strike extensions to mineralisation.
Sampling returned a peak of 254ppm copper and 7ppb gold. Results confirmed
mineralisation continues northwest of the historic workings for some 2500m, and
also southeast for a further 1800m. However, mineralisation is of a more subtle
nature than that encountered at Isens and Flora Range. This suggests a large,
low-grade disseminated style of mineralisation for Mt Flora. Step out RC or
Diamond drilling of the Mt Flora mineralisation is required.

Airborne Geophysical Data

During August, magnetic and radiometric data from a detailed airborne survey
were processed and imaged. Total count (K, Th, U) radiometric data illustrates
the strong alteration of the Permian sedimentary rocks in contact with the
margin of the Bundarra intrusion, and highlights the potential for economic
accumulations of uranium. Subsequent imaging of the airborne uranium data
revealed several discrete anomalies within the project area. These are scheduled
for ground follow-up during the current field season.



The directors consider the results to date of the sampling and mapping program
at Bundarra to be encouraging and to justify moving to the next stage of
exploration. The results in the Isens area mean that this will be a focus of
further exploration effort, including drilling. The Flora Range results will
also be followed up by further exploration, including drilling. Continued
mapping and sampling of areas around the edge of the Bundarra intrusion will be
undertaken to test hitherto unexplored areas. The objective remains to identify
and delineate high grade copper zones as well as potential low grade bulk
tonnage targets. Several areas have uranium anomalies identified from the
radiometrics and will be tested by field work.

Anyone else looking at RGM ?

Gold, Diamonds, Silver, Uranium and copper ! We have it all.

Moneyman Hi,

All ... and a very low SP ....

When is it planned to start moving ?

Cheers,
PM

Would love to know Paul but the potential for a good move is certainly there.

whats the future from rgm ?

Gordon just seen the results and they look bright. In terms of assets they have a current value of 2.7M compared with todays market cap of 1.7M. This alone values the stock at 2.25

Taking into account there are twelve projects through the 3 companies then there is nothing factored in for any mineral finds.

At this level it seems a strong buy.

Nobody interested then ?