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 ????

Big mistake for me here.

Me too Mitzy, this could be a long wait now....:((

Guys sorry to hear that,i was obviously very lucky,it rose so quick on fri am,i sold an hour later,it too some time to sell,the rise had fallen from 5p to 3.85 ,i will still buy some this week if sp stable awaiting news.

Back in this morning,i think this still has legs.

The legs are getting shorter now.

hlyeo
Not seen you on the BAY bb,PROBLEM?,you really do come over as an unsavoury piece!

Legs are getting much longer now

whatever.

from the "UPS" thread late yesterday .......

Master RSI - 19 Nov'09 - 22:20 - 172 of 191 edit

KEEP and EYE

RGM 2.05p
First day of bounce after a 84.2% fibonacci retracement. Indicator Stochastic at oversold and ready to move higher

Is moving further UP today now 2.10 / 2.20p as larger trades are showing at the ticker

   

Jeez 84.2% Fib?? Talk about choosing retrospective indicators to suit an argument

ptholden

re - retrospective indicators

maybe you want to explain a bit more, being argumentative

Information about the company .......

proactive investors

Announcements/RGM

direct nickel

The level 2 is

2 v 2 but if counting Plus market then is 3 v 2 at spread 2.10 / 2.20

Thanks Master.

might be worth talking on here again now.

With the rise of RRR and Rgm owning almost 25% of it, RGM seems left behind a bit.

With news expected soon re JV etc. all that potential is very cheap now imho.

DYOR

How about SVE, own a huge chunck of both RRR and RGM? so not sure what there true value is-will be?

Regency Mines PLC Strategic investment

http://moneyam.uk-wire.com/cgi-bin/articles/201011121317111078W.html

Oracle Coalfields (PLUS:ORCP) will receive just over 1 million after acquiring a new cornerstone investor who is taking a 10.04 per cent stake in the company.

Regency Mines (LON:RGM), led by Andrew Bell, is buying 18.5 million shares for 5.5 pence each, a premium to the current market price of 5.125p.

Oracle, which is developing a 1.4 billion tonne JORC measured lignite coal project in Pakistan's Sindh Province, also unveiled plans to list on AIM in the first half of 2011.
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Chief executive Shahrukh Khan said: "We're delighted that Regency Mines has recognised the growth potential of Oracle Coalfields and decided to make an early investment in the company.
Regency expects to add to its shareholding following the subscription, which is encouraging and we welcome their long term support.

We have recently announced the extension of our exploration licence and are proceeding towards the bankable feasibility study as planned."

Regencys Bell has a keen eye for a good investment and his company already has interests in Western Australia, Queensland and Papua New Guinea.

In a statement to the stock exchange
Regency said: We see the opportunity to become a strategic investor in Oracle, with close cooperation in a potentially fast growing coal business
with good management.

Regency expects Oracle if it succeeds in its objective of admission to trading on AIM to achieve greater investor recognition and support, and considers the price at which the investment is being made to be advantageous.

The investment is consistent with Regency's philosophy of seeking strategic long term involvements in projects where the scale of planned operations and the price of entry create the opportunity of large and compounding long term returns.

Oracle is developing Block VI of the Thar Coalfield, which is located 380 kilometres east of Karachi in Sindh Province.

It plans to excavate lignite coal, which is brown in colour and has lower calorific value than the thermal coal that goes for export from places such as Indonesia.

Output from Thar will be used for power generation and specifically for new plants being developed by local utility KESC.

The two have a memorandum of understanding, which it is hoped will metamorphose into a supply agreement once both sides have concluded feasibility studies.

While coal production is expected to begin in 2012, it could be another three years before KESC has a power plant up and running.

Oracle has found a neat way use the time until then.

It plans to supply coal to Lucky Cement, the nations biggest producer of the material, and also hopes to sign up some of its smaller rivals. Output is expected to be initially up to 1 million tonnes per year to supply the cement works with additional 2.5-3 million tonnes a year production to supply KESC at the time of power plant commissioning.

The next year to 18 months will be the most crucial in the companys short history as it takes the project through to a bankable feasibility study.

BUY RGM at 4p now... great potential.

Rather odd to say the least, but for once Miss Hlyeo I tend to agree with you.

In addition to their interest in Oracle, RGM also appear to hold 135M shares in Red Rock Resources (plus Alba Minerals - but they're not worth much) which at today's closing price is worth 15.5m. Additionally, they have their own exploration programme, which may come to nothing, but assuming RRR and Oracle continue to prosper, RGM look seriously undervalued.

Happy for anyone to correct those assumptions.