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 ????

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.

Your sounding more like cynic every day pt....

Bb, good grief, probably best the old fart is lost in France somewhere!

I forgot to mention that RGM's market cap today is a tad over 20m, of which RRR account for 75% and Oracle 5%, hence the undevalued assumption. Clearly if RRR goes South I would imagine RGM will head in the same direction until their own activities bear fruit (assuming they ever do).

ptholden

I agree, Oracle is trading over 6p RGM paid 5p so are already in profit. If RRR goes to 30p 60p as some are suggesting this looks very undervalued.

bought into RGM on Friday at 4.17p.
I'm already in RRR from a few months ago at 2.25/2.5p so very happy with current sp level hoping that'll go much higher (imho)

Also bought some BOA on Friday.

I'm also in AAU, VOG and VGM which is now a 3.5 bagger for me...so it's all looking good at the moment!.

Interview With Regency's Chairman Andrew Bell Last Fri 13

http://www.miningmaven.com/companies/regency-mines/196-regency-mines-ask-the-oracle

MM: What potential do you see in Oracle Coalfields in the future and how do you view the geopolitical risk?

AB: Do we see the potential for a 50p stock within months of AIM listing? Certainly, and with some confidence. But that will only be a stepping stone.

If Oracle gets to 50p RMG could muti bag on that alone with out news of on Queensland, updates on WA, updates on Mambare,

Gutted my order wasnt filled first thing this morning, but position opened during the early retrace - wait and see time.

ptholden
Also topped up today, this stock has momentum we could be seeing percentage gains every day for the next couple of weeks looking to double at least before the end of the year.

Motoring today could see 5.5p + at the end.