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 ????

hlyeo98
Good move looks like 6p was the bottom only up from here, 20+% of RRR, Oracle + DNi this is looking very cheap at this price.

Investors warming to red hot coal market

Oracle Coalfields: Developing Pakistans largest ever coal mine

Oracle Coalfields (PLUS:ORCP) is on the precipice of bringing into production Pakistans largest ever coal mine.

The PLUS-listed firm has been working on the Thar Coalfield for the past four years and it now has a series of hurdles to negotiate in the next year to 18 months before the mine gets up and running.

Regency Mines (LON: RGM), which is led by AIM dealmaker Andrew Bell, is a cornerstone investor in Oracle, after it bought 18.5 million shares, or 20.04 percent of the company, for 5.5 pence each back in December.

The Thar project is located around 380 kilometres from Karachi in Sindh Province. Here Oracle 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. Its the sort of stuff that is found in abundance in Victoria, Australia and Germany.

Oracle has a measured JORC resource of 1.4 billion tonnes and proven reserves of 371 million tonnes.

It plans to develop the mine in two stages. First it will get the mine up and running with over 100 million tonnes in the proven category, while in the second phase it will prove-up another 200 million tonnes which will provide scalability over mine life.

The mines production has already been earmarked to target the coal-hungry domestic power generation market. The emerging coal producer is set benefit from the large amount of demand in the electricity in Pakistan, where power generation capacity has failed to keep pace with the developing nations massive population growth.

This means that in major conurbations such as Karachi, population 18 million, utility firms have to deliberately shut down power generators - something often referred to as load shedding - this can lead to outages of up six hours for some homes in the city. In Karachi the estimated daily power shortfall is between 2-3,000 megawatts.

Thar is expected to begin coal production in 2012.

http://www.proactiveinvestors.co.uk/companies/news/24521/investors-warming-to-red-hot-coal-market--24521.html

hope it does better with sp than Atlantic coal that seems to go no where fast.

yep add bhr to that - altough bhr picking up after being tipped in national newspaper - i like rgm - bargain basement prices recently

Thanks, driver. Lucky timing 4 me.

Confrence/call
1 http://www.youtube.com/watch?v=fGCNp3n3u3Y

2 http://www.youtube.com/watch?v=jXswKkVCgpM

Balerboy

ATC is going some where fast now.

Last Night's Presentation 13/01/11

http://www.proactiveinvestors.co.uk/genera/files/companies/regency_mines__13th_jan__compressed.pdf

disappointing sp performance lately...let's hope it perks up abit next week, and the week after that etc., etc., etc.,!

A good post from the other side to remind us why we are invested in RGM. Re: actonovator Cheers good post.

RGM is arguably way undervalued at its current mc of 32.7m.
What you get is the following:

Investment in Red Rock : 20m

A a whole raft of rns due and overdue
(Mt Ida, Migori, Colombia, Kansai, Australian
exploration, RSL mining results plus...),
which could easily see the value of RRR double
in the next month. And RGM on the back of it.

Investment in Dni (7.3%) 3.7m

This is a book value but would already seem
to be enhanced because of the investment (and
approval) brought by the CSIRO investment in Dni

Investment in Oracle Coalfields 1.5m

(Plus options at time of AIM listing)


Stakes in Cue Resources (Uranium) and Alba 0.7m

Alba more or less a shell at the moment but
with millions of shares changing hands recently
and speculation mounting - perhaps to be used for
Ascot or Oracle listings
or the RGM/Dni jv ?

A highly attractive portfolio of exploration
tenements in Aus:

- Lake Johnson - gold,nickel

(Munglinup - surrounding tenemnets quickly
pegged by surrounding explorers after RGM's
last results)

- Kambalda - gold/nickel

Difficult to value but take your pick with
comparisons to other AIM miners. In addition
RGM is superior to most in that has a fairly
liquid asset in RRR which could be used to
finance projects if cash became tight. And of
course there is the real prospect ofa cash
stream from RRR dividends.

Must be worth at least.... 5.8m


Cash ?? Perhaps 1m

Quite a few placings over the last year.
Approx 1.6 raised in last 4 months


This so far gives a total of 32.7m.


This is also (magically) today's market cap.

But what is not included is probably the most
important asset and is effectively in for free:

The Mambare deposit and 50:50 Jv with Dni.

I believe this is estimated to have between 5-7m tons of nickel at $25000 per ton.
This is a staggering figure especially when combined with the dni technoly which
promises to both HALVE capital costs and operational costs for nickel production.
Dni 's committement is clearly evidenced by their contribution of 1m to the current
exploration. Their recent conference call is a must listen http://soundcloud.com/oditmoras
It is clearly the component that could drive up the sp by 10,20,30 times.

All the non-Mambare assets will generate short and medium term news, hopefully starting
with Red Rock next week. Although the Mambare jv wont see production for 3-4-5 years,
there are plenty of significant milestones probably in the next year: Mambare jorc, jv
listing (Alba?), Dni listing.

The only reason the sp is so low is because of the issue of 26.8m shares to Dni and a
more recent placing of 4.2m. This is imo the only reason for the recent unusual trading
pattern .

Dni have no income and were always going to sell. Although the shares were officially
traded from 3rd Dec they probably began before then (which I understand is common).
Therefore we have had a potential 31m shares to absorb over the last 6 weeks. Difficult
to say how many have gone. But once they are gone we will get a re-rating. Perhaps a
significant rns from RRR next week will be the spur for a final clearance. Many AIM
miners have re-rated over the last 12 months. The only reason the RGM sp has
increased is because of its RRR holding. Imo once the overhang is cleared we are next.

good post driver - and oracle are about to switch imminently from plus mkts to aim...

& notes from 12/1/11 conf call......

Regency Conference and DNI (Private Company) conference call notes.....

Overview:

DNIs game changing technology is capable of revolutionising the laterite market. The technology is based on US technology developed in 1990s. The US program was closed due to low price of nickel at the time and cut backs in research. However the original developer of the technology is now part of the DNI team.

Process:

DNI utilises an atmospheric process which doesnt rely on high pressure and operates at low temperatures thus not requiring titanium or other exotic materials (reducing costs)

Recycles 97% of the reagent (sulphuric acid) used in the process (further reducing costs) only a small amount ends up in the tailings

DNI has been able to produce 95% magnesium oxide (with high reactivity) as a by product of the process opening a valuable potential to utilise iron, aluminum and magnesium as future revenue streams without much technological development required.

Reduced costs which equate to more or less 50% reduced operating and capital costs will allow DNI to start with much smaller scale developments and get early cash flows.

Developments:

Successfully completed recycle program in USA.

Plan tests at a demonstration plant in Perth due to be completed in 12 months. The plant will be capable of processing 1 tonne a day and DNI has secured funding from CSIRO a premier research institution in OZ.

DNI will issue capped licences to control where the technology is used to prevent flooding the market with the new technology. AB stated that the caps on the licences would not pose RGM any problems for years to come.

DNI will have a stake in RGM deposits hopefully making it will more advantageous for DNI to continue with RGM.

DNI could be floated over the coming year to generate the capital requirements to complete developments.
kerrchinnngggggggg

Looks like AB has sold a few for a bit of pocket money, I see no problem here an excellent share that I will add to when funds become available.

Wheres everyone gone?

Red Rock Resources
Announcement re Jupiter Mines
RNS Number : 7146Z
Red Rock Resources plc
19 January 2011

http://moneyam.uk-wire.com/cgi-bin/articles/201101190750097146Z.html

I am still here but frightened of saying anything because when I get excited about a share going up it ends up doing the opposite but nevertheless very good eh! May long it continue.

HOLD THESE ones i got them @1.54 saw them considerable higher .for me its long term hold.

Arn't you the llucky one I paid 7.90 so nowhere near yet but as the saying goes - patenience is a virtue. Shame I wasn't born with any!!!!!!!

3M

Long term this is a multi bagger from here so sit back and watch it grow.

I shall try my best, no choice as I cannot afford to loose anymore money, I know everything we do is a gamble but I must admit I think you are all right on this one. Thank you.

3 monkies , look for shares where the fd ( finance director buys big amount) and hold those you have less chances of losing ,even if u paid a higher % than the fd you will gain long term .recent fd buys eg . clf cluff mining .xel was one which did well the dirctors had bought some .ceo and chirman buys also are good indicators however they have a lot of money to gamble .fd in comparison have less ,when its a sell look at the mount sold and what they hold so sell is not a good indicator but big amount of buys are .wish u all the best

Many thanks chakli, you would not believe the bad luck I have had so will take your advice and hope 2011 is better that the past 3 years. Would like to be able to live again!!!!! Everything I seem to buy goes down and vice versa. Been absolutely awful.
Good luck to you to.