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 ????

Regency Mines updates schedule for drill programme at Botue-Mambare nickel-cobalt project


12:06 pm by Sergei Balashov
Other operations currently underway on the site include the completion of the line survey, test pitting, camp construction and hiring of local workers Other operations currently underway on the site include the completion of the line survey, test pitting, camp construction and hiring of local workers

Regency Mines (LON:RGM) today updated investors on the schedule for the upcoming drill programme at the Botue-Mambare nickel-cobalt project in Papua New Guinea, operated by its joint venture (JV) with Direct Nickel (DNi).

The project management staff are currently preparing for the start of drilling, which is expected closer to the end of the month, some four weeks behind the original schedule, which is also when the new ground-penetrating radar (GPR) survey is expected to start. This has to do with the delays in the procuring of visas for the drillers and with the delays dealing with the customs clearance necessary for the drill companys shipping container to be moved to the project area.

The container has already arrived at Port Moresby and is currently waiting to receive the clearance.

Other operations currently underway on the site include the completion of the line survey, test pitting, camp construction and hiring of local workers.

Regency simultaneously announced that it has hired Geotech Airborne Pty to carry out a 1,054 line km helicopter-borne versatile time-domain electromagnetic (VTEM) survey over five areas at Regency's Bundarra copper-gold prospect in Queensland. This programme will take place after 15 August and will take a week.

The company also told investors that the JVs local operating company Canopus No 83 Ltd will change its name to Oro Nickel.

Adviser to Regency Mines associate Red Rock Resources (LON:RRR) Richard Evans has recently taken up a wider role of group chief scientific adviser as will now advise all companies in the Regency Mines group.

From the DNi Web Site have a look if you forgot why you are here.

Vision
Industry leadership:
Our aim is to build Direct Nickel into a major nickel producer, using the DNi Process licences to access and process nickel laterite resources.

Resource revaluation:
DNi is building a nickel inventory by acquiring interests in undervalued laterite resources and is substantially revaluing these resources by applying the DNi Process. A successful DNi Process will revalue nickel companies by 20-30 times (by market capitalisation). Mine development:
Select optimum deposits, using leverage from the DNi Process and build mines in partnership with resource owners.

Strategy
De-risking the DNi Process:

A successful Demonstration Plant promises to set the foundations for disruptive change in the economics of the nickel sector. With Process demonstration in hand, Direct Nickel has a clear path to become a high efficiency nickel producer with strong margins driven by a capital cost around half of conventional processes, and among the lowest global operating costs.

Strong technical and financial partners:
Teck Resources, Drinkard Metalox, Aker Solutions, OZ Minerals, Australias Commonwealth Scientific and Industrial Research Organisation (CSIRO), Regency Mines and a global IP protection team.

Resource acquisition:
Direct Nickel is positioned to become a nickel explorer and producer and has secured interests in a number of resources through partnership. In time DNi will acquire and develop its own projects.

http://www.directnickel.com/index.htm

Don't know why it had a sell or why it's now a speculative buy looks like a no brainer to me.

Small Cap Weekly Review 036

Friday 20 May 2011

Rating Changes
Regency Mines (RGM) Speculative buy (from sell)
(20 May) We have reviewed our rating on Regency. We calculate the value of its existing stakes in Oracle Coalfields (2.3m), Red Rock Resources (10.5m), Direct Nickel (3.4m-3.7m), Alba Minerals (0.23m), along with other investments and cash due add up to around 17m. We assume the EV (enterprise value) to be around 24m, after adjusting for the $2m Yorkville loan and assumed cash. The Mambare nickel laterite project in PNG (Papua New Guinea) is a large target (previously estimated at 630 mt (million tonnes) at 0.78% Ni (nickel) at 0.5% cut-off and 200 mt at 1.01% Ni at 0.8% cut-off) where drilling is expected to start shortly. The Company has had the project for some time and we would hope they demonstrate progress towards establishing a resource. There should also be some early stage work on the Bundarra copper-gold prospect in Queensland in August. The various investments they have underpin the valuation and we look for operational results in the remainder of 2011 to put back some positive momentum in the share price. We have moved from Sell to Speculative Buy.

http://www.cityequities.com/en/Small-Cap-Weekly-Review/scr-Issue-36.html

Edison 24 May 2011

Valuation: Worst case 1.85pps to best case 73.87pps

http://www.edisoninvestmentresearch.co.uk/researchreports/Regency240511Outlook.pdf

Has been strong for the last few days and again today as there are 2 large buys ( 800K ) on the order book 4.35p

Oracle Coalfields PLC Annual Report

http://www.oraclecoalfields.com/oracle_annual_report_2010-screen.pdf

Another rise today supported with volume

From the other side, good find.

LISTING CEREMONY OF ORACLE COALFIELD PLC at The LondonStockExchange

http://www.youtube.com/watch?v=_uM-luVsSw0

New DNi vidieo

(Click on the headline on the right not the vid TO Play)

http://www.abnnewswire.net/multimedia/en/68115/Direct-Nickel

Dear Shareholders and Colleagues,



You may have seen that I sold a few Regency shares this week.



Those of you who have been shareholders for a while will know that each time I exercise options, I also shortly after tend to sell a few to meet the immediate tax bill. In recent years, the tax regime on options has become quite unfavourable, and we have to pay income tax and NI on the difference between the exercise price and the market price, and do it promptly.



We do try to explain, and then the next time it happens, there are again some shareholders who worry that we are showing a lack of confidence in the company and sending a bad signal to the market.



So, for the avoidance of doubt, let me clarify that if and when I am in a position to sell options in the future, it is highly probable that I will again be obliged to sell some to meet tax obligations. You should therefore expect it, but each time I expect that the sale will be much less than the preceding purchase. I will not enjoy doing it, and this will say nothing about my view on the stock price.



The options we exercised in May expired at the end of May, so had to be exercised or lost. I am selling less than half of those recently acquired, so that my direct shareholding at the end of June is higher, not lower, than at the beginning of May. This has also been the case with past sales following exercise of options: each time the holding of shares at the end of the exercise is higher than it was before.



There is never a right time for directors to sell, and I do assure you of our complete commitment to and confidence in the company.



I am asked by a shareholder to point out that ABN Newswire recently had a video interview with Direct Nickel on its CEO Interview series. It is certainly interesting, but in that it might be deemed promotional by DNi (who as we understand it wish to raise money for a backdoor listing in Australia), we and our Nomad decided it would be inappropriate to link to it in an announcement. We have no responsibility for anything that DNi may say in it. However, with that necessary health warning from us, some of you may find it illuminating as to what DNi actually does, and as an introduction to the founders of DNi.



Andrew

Up 11% today after RRR had a sp hike of 20%.

DIRECT NICKEL SOLVES NICKEL LATERITE PUZZLE july-2011

http://www.directnickel.com/pdf/asia-miner-july-2011.pdf

Shahrukh Khan, Chairman & CEO of Oracle Coalfields, talks to Proactive Investors

http://www.youtube.com/watch?v=R3oPjys2d-w&feature=relmfu

Held up well in a sea of red News coming.

Had a top up today shouldnt see these lows for much longer.

ISLAMABAD, Pakistan, Aug. 3 (UPI) -- Pakistan's first 50-megawatt gasified Thar coal reserves project is nearly complete.

Science and Technology Planning Commission member Samar Mubarakmand said that the Thar Coal Project would become operational in December 2013.

This is good news for Pakistan's government, which remains largely dependent on energy imports, The News Online reported Wednesday.

During an interview with the state-run PTV television channel, Mubarakmand stated that electricity generated from the Thar gasified coal plant would have a minimal cost and that Pakistan has sufficient coal reservoirs to provide electricity for the nation for five centuries, The News Online said.

Mubarakmand's optimism was countered by Sindh Chief Minister Syed Qaim Ali Shah, who has held Mubarakmand responsible for the pace of work on the delayed Thar coal project.

"Frankly speaking, Dr. Mubarakmand's work is slow," Shah said during a news conference Wednesday in Hyderabad.

The Sindh government has divided the Thar project into eight coal-mining blocks, with Block-V was given to Mubarakmand, a former nuclear scientist, for the underground coal gasification facility.

Mubarakmand stated that work on the Thar project was progressing and the first 50-megawatt gasified project was almost completed. The project had been approved by the Executive Committee of National Economic Council in 2010.

Two years ago the Central Development Working Party approved Mubarakmand's two projects: "the creation of new processing facilities (for production of coal gas by underground coal gasification)" and "the creation of new processing facilities (for handling and purification of the natural gas)."

At the time Mubarakmand expressed optimism that the project's success could encourage foreign investment by premier foreign companies involved with the development of gasification of coal reserves, telling journalists that several foreign companies had shown interest in the project.

Since then however the Thar project has largely only attracted the interest of foreign consultants, with the sole investment interest being with the exception of Pakistan's Engro Corp., which has obtained an exploration bloc.

In addition, British consultant Oracle Coalfields is preparing a feasibility report and Cougar Energy are interested, while Canadian company SNC Lavalin Environment Inc. is analyzing the costs of the Thar's project required transmission lines.

A recent report by energy analytical company Wood Mackenzie on Southeast Asia's future energy sources reported that coal will be its top priority up to 2020 or even beyond, given its regional availability, despite popular perceptions that natural gas will be the region's top fuel.

21% up not bad on a down day.

Another piece of the puzzle RGM now at an all time bargain price.

Direct Nickel Pty Ltd

Wintech Group Ltd (ASX:WTG), a company admitted to the official list of the Australian Stock Exchange whose Ordinary Shares are currently suspended from trading, has issued a Notice of Meeting for a general meeting to be held on 2 September 2011, at which proposals for the acquisition of at least 80% of DNi and a change of name to Direct Nickel Ltd will be proposed. Upon passage of the resolutions, Regency expects that it would in due course be offered shares equivalent to approximately 7% of the issued capital of Wintech Group Ltd. and that WTG would apply for re-quotation of its shares on the ASX.

The latest DNi presentation.

Direct Nickel (DNi) CEO Russell Debney Presents DNi

http://www.youtube.com/watch?v=jOcoAYNgZJo