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 ????

New note from Edison following the resource upgrade

http://www.edisoninvestmentresearch.co.uk/researchreports/Regency140612flash.pdf

"Given that today’s resource alone more than supports the current share price, the market appears to ascribe no value to the significant (174p/share) potential resource upside. Nor does it ascribe value to the company’s other assets. Our forecasts for Regency remain under review."

martinl2

Cheers a nice update from Edison.

Mambare resource increase
http://www.edisoninvestmentresearch.co.uk/researchreports/Regency140612flash.pdf

New DNi website.

http://www.directnickel.com/

calm down.,. just thought a chart would help as there isn't one in the header.,.

E-mail sent out by Regency Mines...

Dear Shareholders and Colleagues,

We have just released a new JORC-compliant Resource estimate for our Mambare nickel-cobalt project in Papua New Guinea. This can be viewed on our website by clicking here.

From only a small part of the license area, we have declared an Inferred Resource of 162.5m tons, at an average grade of 0.94% Nickel and 0.09% Cobalt.

This is a very substantial Resource, equivalent to 1.53m tons of contained nickel, which makes this already one of the larger projects worldwide. It may be noted that other laterite projects are often geologically or geographically constrained, so that the declared Resource cannot be much increased; this one has very great expansion potential. The possibility exists that if it came into operation would be producing for many decades, a characteristic that may make this project attractive to, for example, Chinese partners.

The nickel price currently is $17,082 per ton, and the cobalt price is $29,100 per ton (source: London Metal Exchange).

We have seen two updates on the company so far, one from VSA Capital and one from Edison Investment Research. If you have access to either of these services, which are primarily designed for institutions and professional and qualified investors, you may wish to read their notes, which are positive in tone.

GECR has also prepared a report, which will go to their large retail investor readership, and we enclose a copy of this and of the Edison report.

Now that we have a story to tell, we must become much more proactive in telling it, and any suggestions from you as to how we might better get our message across will be welcome.

The achievement of this considerable milestone opens a number of options, and we shall make a public announcement about how we will pursue them. It is good to have the drilling phase leading up to the declaration of a JORC Resource, which was a substantial financial commitment for us, now completed.

A period of appraisal and study now begins, as our partners Direct Nickel Ltd continue progress to the commencement of testwork at their pilot plant in Perth.

They have recently issued an update to their shareholders, that will no doubt soon appear on their website.


Kind regards,

Andrew Bell

EMail from AB - Sent 10/09.

Dear Shareholders and Colleagues,

I recently completed a short trip to Australia, in the course of which I had a number of meetings and discussions, some of which were focussed on the Direct Nickel technology that we expect to apply to our Mambare lateritic nickel project in PNG, and some on the maturing and often exciting activities of Regency Mines Australasia Pty Ltd.

At Bureau Veritas I watched our brown clay samples being passed over a Wilfley table, with the titanium ore separating out as blackish granules. This was a very satisfying sight:

We want to see what the ore is (rutile or ilmenite?) and if it is ilmenite, evidence that we can get up to a 30% concentrate. So far so good, and the metallurgical testwork is nearly complete, so we will start getting answers; the ore type we will know when a chemical scan has been completed, which takes a little longer.

We met with some people in the graphite space and discussed graphite matters of mutual interest. This story will run and run, but the devil is in the processing, and many companies that talk about their graphite targets have rather a glib and superficial understanding of that. It was a pleasure to speak to people who seemed to have a deep and long-term commitment in an area where we are learning as we go, and so need to take instruction where we can find it. Our neighbours at the old Halberts mine own a facility that produced high grade graphite with very low impurities, and our ground, though undrilled, has definite potential as the structures continue through it and any expansion potential they had would be likely to lie in our ground.

There are no good pictures of this, and Helen who has been there has none: one piece of dense scrub looks much like another!

The DNi pilot plant at the CSIRO facility in Curtin University I visited for the first time since late 2011, and this time Graham Brock, the project manager, was there to show me round himself. The financial constraints of DNi meant that progress was held up for some months, but the plant is now being completed and everything is on the move. There has been some confusion about the stage 1 and stage 2 that DNi sometimes use in describing their process: to clarify, here are a couple of flow sheets that you may find helpful:

The key to nickel viability historically in the sulphide nickel area has been by-product credits. The Russian long-life giant producer Norilsk has silver and other credits; this makes them profitable. Those with no credits may never make it into production. In the nickel laterite area good grade and not excessively expensive processing have not compensated for the fact that by-product credits are usually limited to cobalt. One interesting difference between the conventional sulphuric acid-based HPAL process and the DNi process is that the Mg comes off not as an environmentally hazardous waste but as MgO, a valuable by-product with a high sales price and potentially up to $200m in annual sales from a 20,000 t p.a. nickel plant. I had not done the sums before Graham helpfully did them for me, and we would need to understand the Mgo market better before inputting them into any assumptions, but this is certainly an area we will focus greater attention on now.

With Grant Donnes, our consultant geophysicist and a director of Regency Mines Australasia Pty Ltd, we looked at the potential corollaries of the structures on our new tenements along a 50 km zone on the Fraser Range with the recent discovery 18 km away of Australia’s biggest copper discovery since Sandfire. And we considered next steps at our copper/gold project at Bundarra in Queensland.

Our quiet but persistent exploration effort in WA is beginning to pay off, and for our lateritic nickel story 2012 will be a banner year, with a huge Mineral Resource declared on just a small part of our Mambare tenement, and we hope the Direct Nickel story reviving as the pilot plant moves into commissioning and production.

Our stock exchange announcements tell the story from a regulatory point of view, but the human dimension of the progress achieved, and the industry background, are an important part of the picture as we see it. To allow you to see events a little bit through our eyes and so humanise the narrative is something that we hope is a legitimate aim and a process that will tend to increase your understanding.

Andrew

Shareholder Update – September 2012

http://www.directnickel.com/shareholders-update/

RGM Newsletter.

If you're not receiving it, e-mail natasha.walton@regency-mines.com

Dear Shareholders and Colleagues,

In the absence of my colleague Natasha Walton on a well-deserved holiday in Australia, it falls to me once again to send you this newsletter to decipher some of what may be mysterious in our recent RNS announcements, and to give some background. We hope this kind of communication is useful; if it isn’t, tell us if you think we can make it better, or unsubscribe if you don’t!

Recent announcements have focussed on our Australian exploration interests. We have mentioned a number of prospects, but focussed on three aspects. First, the area around Munglinup where we encountered sulphides in aircore drilling and subsequently elevated titanium levels in one area, and have conducted some metallurgical testwork. Secondly, the area around the old Halberts graphite mine (which does not belong to us) which contained the continuation of the structures hosting at Halberts high grade large flake graphite. Thirdly, the applications for ground along the Fraser Range, on which we made an announcement on 21 September (http://www.regency-mines.com/themes/RegencyMinesTheme/scripts/php/rns_viewer.php?id=20378989 )

What these three areas had in common was that they were along or near to our area of concentration: the boundary between (a) the Archaean Yilgarn craton that sits like a dinner plate occupying much of the southern part of Western Australia, and (b) to its south and trending north-east along its borders the proterozoic rocks of the Albany-Fraser metamorphic terrane. This orogenic mobile belt saw the 2005 discovery of the Tropicana gold deposit, now owned by AngloGold Ashanti, and often described as Australia’s latest major gold discovery (a phrase that makes both journalists and promoters happy). Since the scale of this deposit and its geology have become better understood, all the ground along the ‘Tropicana gold belt’ towards our tenements has been held by explorers, principally international majors, as can be seen in some of the illustrations accompanying our announcements. The new paradigm for exploration in this area that became possible with the new style of mineralisation identified at Tropicana has led to exploration along the belt, including our exploration at Munglinup, which has consisted of geochemistry, geophysics, and aircore drilling so far. These are still early days however for the belt, and possibly even for our Munglinup areas despite our attempts at exploration, which have so far not yielded any ‘smoking gun’, only the interesting sniffs of sulphide we reported and various clues we do not know how to interpret such as the elevated titanium levels. Everything here is a ‘blind target’, which means there is no surface expression of what may lie beneath.

The old model, where people looked for base metals and gold in the Archaean greenstones of the Yilgarn craton, has been replaced by one more subtle and with different challenges. It is interesting that on the northern margins of the Yilgarn the proterozoic rocks of the Bryah basin have also yielded a significant recent copper discovery at DeGrussa in 2009 and exploration is now focussing on the mixed volcanic and sedimentary rocks of this area. We held ground there too, but our analysis suggested that while we had ‘nearology’ the right rocks did not extend into our tenements so we could not develop a sufficiently strong geological hypothesis to justify the expense of testwork.

The ground we pegged in the Fraser Range was along strike SW from Tropicana and NE from Munglinup. We pegged it because Sirius dropped it. They dropped it because you have to drop after two years and in succeeding years a proportion of your license area in WA. And at that time they hadn’t discovered anything and were like others suffering a shortage of funds in what was a poor market (as we know) for explorers. We liked it because it had what we thought was the gold-prospective ground going through it and a number of good gold anomalies. Also along its south and east it contained ground that seemed to be mafic and ultramafic rocks with geophysical anomalies and potential for base metals, though we were not focussing on that.

Then what happened? In July 2012, at the end of a Government-subsidised drill programme (a kind of ‘scholarship fund’ with limited matching finance for drilling in, for example, remote and expensive desert areas like this), in the last 1.5m of the last hole, a company called Sirius, that like us had pegged ground hoping to find another Tropicana, and was exploring a base metal anomaly, had a discovery, Nova. If they had packed up the drill the previous evening, 1.5m short of target depth, I hear, there would have been no discovery: the area would have been written off perhaps for 20 years. Nova is now being described as Australia’s latest major base metals discovery, the most significant for a generation (again a phrase that makes journalists and promoters happy). I will let the Australian Financial Review speak for me rather than attempt to describe July’s events further: http://afr.com/p/business/companies/sirius_stock_spurts_on_metals_find_7z2ehSC68szvUIwalX1gYO

The Sirius price is now not 45c as at the time of the article, but $2.81. The Sirius page on the ASX website is http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&allinfo=&asxCode=sir and their 29 October announcement, one of the most recent, is also one of the most exciting: http://www.asx.com.au/asxpdf/20121029/pdf/429r1jhmpxqy43.pdf

So we have something quite big a few km to our east, which is unexpected, and we are not just benefitting from nearology but have the right rocks and the right anomalies to explore not just for a Tropicana (gold) but also for a Nova (base metals). The chances, as ever in exploration, are less than 50% (or it wouldn’t be exploration) but better than the National Lottery. However the expense would be considerable, and drilling through the surface sand to what’s below is not something that can be skimped if one wants results. The appetite for this exploration in Australia is strong at the moment: they accept the risks, and want the rewards. They know the potential and feel the excitement. They will put up the money that would be hard to find and very expensive in terms of dilution if we were to fund here in London. Here there is no excitement about the Fraser Range.

So we have done the logical thing and agreed to put these assets into an Australian company, Ram Resources Ltd (ASX:RMR). http://www.regency-mines.com/themes/RegencyMinesTheme/scripts/php/rns_viewer.php?id=20456848
We will if the transaction proceeds in all aspects be a major shareholder; indeed preponderant. We anticipate that we will from the beginning be having input and a strong voice in the exploration decisions, and hope to start exploration even before the main money-raise of $1.5-2m, catching the tide and not being left behind.

We will I feel sure look to strengthen the regional portfolio, and believe there is still time. These are early days for exploration in the area.

The shares we get if all goes well (we get 40m immediately) will be 1.2bn, priced at 0.15c Australian and valuing our interest at $1.8m (the current RMR price has risen to 0.4c), with a 1% gross royalty and 20% of the project retained by us on a free carry for a year. The RMR vehicle will have the funds needed for exploration of this project, which will not yield I believe a result unless there is a willingness to commit funds to explore at least actively – and maybe aggressively! Setting the dilution to RGM shareholders against the funds raised and the programme that would be possible, this seems a good outcome, on licenses only just granted and with negligible book cost.

We have long wanted an Australian vehicle for our Australian interests, where they could achieve full value and a good Australian team could be built up: the lack of a flagship project combined with weak markets had delayed this. Now, with assets that though unproven and unexplored have high market recognition, we can establish a bridgehead. We expect any RGM appointments to RMR will be Australian-based professionals, with just one geologist Project Manager from London involved, since we want RMR, or whatever its name may be, to have a life and spirit of its own and the capacity and confidence to take major decisions.
Here we are, surrounded by a sea of Sirius!
This is the Sirius gold geochem anomalies released in the area now covered by our tenements..............the open file AEM conductor and the magnetic unit similar size to Nova not shown............. this is all public data by the way.

So you can see what lay behind our creating ‘another vehicle’ in Australia, and what lay behind the valuations and strategy. We hope this at worst this creates extra shareholder value at no cost for RGM, and at best it is the spark for success and discoveries.

Further information can be obtained from the RMR page on the ASX http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&allinfo=&asxCode=rmr and RMR’s description of the transaction with illustrations is at http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01349159

Let me turn to the graphite project. Logic dictates that we look for forms of co-operation with neighbours and other interested parties that will create a long-term graphite strategy in which we can participate. This we have spoken of, and our view is unchanged that this is the framework within which we can progress drilling and exploration best. If we have something to announce, we will announce it, but given our lack of background in graphite it is more important for us to get it right than to act quick. So we hope shareholders will be patient, and understand why when they ask ‘what is happening?’ we do not reply.

We continue to look at Sudan as a possible area for diversification into agrominerals. The key is to be sure we have clear targets and a very controlled programme which will not lead us into early or high expense. That is what due diligence is designed for, and we have given ourselves as announced until the end of November.

Shareholders sometimes suggest that a constant diet of announcements may be good for the shares. We believe that constant activity may sometimes serve them ill and incur unnecessary costs, and that all activity should be strategic. Our discovery cost per ton for nickel at Mambare in PNG was, we suggest, very low: our associate Red Rock’s discovery cost per oz for gold in Kenya is demonstrably very low. While not the only metric, for an exploration company with a long-term focus we think this a very important measure of success that ultimately should be reflected in value and market rating. How ironic it is that in the last few days we have been able, we hope and believe, to add considerable shareholder value to RGM on assets where there is no resource, nothing has yet been discovered, and our exploration has not yet begun. If we could repeat this once or twice more, we could say ‘we finf the harder we work, the luckier we get’, but on a single occurrence we shall remain remain modest and thank God for some good luck.

Please feel free to contact us with your questions.

Andrew



Ram Resources THE DEAL


http://www.ramresources.com.au/_content/documents/940.pdf

Indonesian Sample Arrives in Australia – Stage 1 Commissioning on Track for January Start

http://www.directnickel.com/indonesian-sample-arrives-in-australia-stage-1-commissioning-on-track-for-january-start/

RNS pilot plant commissioned.

Stage 1 Commissioning Starts in January

A significant milestone has been reached with the commencement of the Stage 1 Plant hot commissioning on 15th January at the CSIRO facility at Waterford.

Over the past few weeks across Christmas/ New Year:

The sample from PT Antam’s Buli deposit in Indonesia was delivered to Cook Industrial Minerals for drying and preparation to minus 1.4mm

A HAZOP review was undertaken to assess safety implications of all modifications made to the Plant compared to the design

A ‘punch list’ of remaining items was worked through in readiness for start-up

A Commissioning Engineer from Therma-Flite in San Francisco arrived to ensure the decomposition unit is operating to specification

The full team of operators that underwent induction and training late last year were on hand for the start of 24/7 operations, which commenced on 14th January. The hot commissioning for the Stage 1 Test Plant flowsheet is planned to take three months followed by two months of operation.

DNi’s Project Manager, Graham Brock, said “The combined DNI, CSIRO and RMDSTEM team have worked very hard for many months to reach the point where we introduced ore feed to the Test Plant this week. It is very early days at present and we still have to fill the circuit and see if we encounter any mechanical issues before we can focus on process considerations. It is very satisfying to see the first ore move through the Plant and everyone can be proud of what we’ve done and look forward to the challenges we will face, with confidence.”

With Stage 1 commissioning now underway additional resources will focus on completing construction of the Stage 2 portion of the flowsheet with all equipment for this having been purchased and on site.

Meetings were held in Perth during last week with key stakeholders supplying ore and personnel for the Test Plant program. The emphasis was on ensuring the program adequately managed and continues without interruption after the completion of Stage 1 activities.

Discussions held with Indonesian mining company PT Antam focused on an ongoing involvement with DNi. Separately DNi is already planning for a program to identify the location for a possible first commercial Plant in Indonesia.

http://www.directnickel.com/16-january-2013-dni-test-plant-stage-1-hot-commisioning-commences/

Presentation RGM

Thursday the 31st January 2013,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB (Charles Suite)

http://www.proactiveinvestors.co.uk/register/event_details/174

SP has to pass 4.5p before the options start paying something to Aim for excuse the pun..

REGENCY MINES PLC
("Regency" or "the Company")

Grant of Options

http://www.moneyam.com/action/news/showArticle?id=4528551

DNi Test Plant Update

http://www.asx.com.au/asxpdf/20130213/pdf/42d01x5f3bc3r9.pdf

RGM Presentation from last night courtesy of Vip from the other side...

Good to meet up with everybody last night.

Pyramid lake - needs more drilling as they're unsure of what they've got.

Graphite - deal with Graphite Australia could be announced shortly. GA's geologists have told them they must do a deal with Regency.

Sudan - doesn't look like any drilling will take place this year. Concession areas are huge, so time will be spent narrowing down and locating the very best areas. An important new area of interest should be announced soon.

RMR - being slow and RGM may go somewhere else as they have people queuing at the door to do a deal.

Spoke with a broker (Optiva) who was very interested in the DNi story.

Spoke at length with Russell Debney and all's good in Perth. Results to date are excellent. DNi will continue to issue updates on a regular basis.

Operational Update 1 March 2013

http://www.moneyam.com/action/news/showArticle?id=4547232

New processing method to deliver huge benefits to global nickel industry

"This process has the potential to revolutionise the global industry. Australia has an abundance of nickel laterites, so it would provide a significant boost to our economy."

Dr Dave Robinson, CSIRO mineral processing research leader


http://www.csiro.au/Portals/Media/New-processing-method-to-deliver-huge-benefits-to-global-nickel-industry.aspx

Feature: Nitric Nickel

A new environmentally friendly processing method that uses and recycles nitric acid could unlock 70 per cent of the world’s nickel. Tim Treadgold reports

Updated 13 March 2013

http://www.csiro.au/Portals/Publications/Magazines/resourceful/3-Nitric-nickel.aspx

DNi & Heron Resources test results 26/03/2013

http://www.asx.com.au/asxpdf/20130326/pdf/42dwmy3jtd0bpg.pdf

Regency Mines Has Plenty Of Balance Sheet Strength To Support Its Aspirations In Sudan, Papua New Guinea, And Australia

By Alastair Ford

Andrew Bell pulls no punches about the Regency Mines share price when Minesite rings him up for a chat.

“It has underperformed this year”, he says matter-of-factly, before adding a reasonable enough qualifier: “the whole sector’s obviously bad”.

No doubt about that, with the gold price volatile, iron ore forecasts being trimmed, base metals weakening, and the funding environment in the junior equities space extremely depressed.

But however that may be, Andrew’s still of the clear view that Regency in particular offers value at these levels, and he makes a simple enough case to back up this view.

“The market capitalisation is just under £3 million”, he says. “We have listed investments of £1.5 million. And we have £2.5 million-plus in Direct Nickel.”

So, a simple enough proposition: £4 million in investments to support a £3 million market capitalisation, with all the company’s other licences and interests thrown in for free. But given that straightforward analysis, much then hangs on Direct Nickel and its future prospects.

UK investors may not be overly familiar with Direct Nickel, which could end up revolutionising the processes whereby nickel metal is extracted from saprolite and limonite ores with its proprietary hydrometallurgical technology.

But anyone who attended our Minesite forum back in March of 2012 received a comprehensive enough picture from Russell Debney, Direct Nickel’s chief executive, who presented in conjunction with Andrew Bell.

That presentation is still available here, and provides a pretty good grounding as to the opportunity and the potential for the future.

Much has happened since then, of course. Direct Nickel has gained further financial support from Australia’s prestigious scientific body, the Commonwealth Scientific and Industrial Research Organisation.

But more to the point, it’s now commissioned a test plant capable of treating a tonne a day of laterite feed, and is now beginning to release the results of the first phase of the testing process into the market. The latest update, issued on April 23rd 2013, reported that after three months of initial tests the acid recovery circuit is performing to design, and that the company is on track to complete the overall test plant programme in 2013 as planned.

That’s good news for Regency on two levels. One, the commercialisation of the Direct Nickel process creeps nearer, and the likelihood that Direct Nickel itself will be able to list on the ASX looms ever larger, potentially allowing Regency an easy exit route, should one be needed.

Secondly, and on an even longer-term view, the thinking is that Direct Nickel’s hydrometallurgical process can be applied to ore from Regency’s Mambare nickel laterite project in Papua New Guinea, which holds at the last count, more than 162 million tonnes grading 0.94% nickel and 0.09% cobalt.

This project is, says Andrew, “absolutely enormous”, and he’s fairly clear that ultimately Regency will need a partner to help with development. Success with the Direct Nickel process will go a long way towards demonstrating the economics at Mambare, however, and after the latest release from Direct Nickel, Andrew was quick to put out a press release of his own, in which he expressed view that the latest results were “very promising”, and that the Direct Nickel process could end up being “a disruptive technology for the nickel industry”.

It’ll be some time yet though before Direct Nickel commercialises its product, and Andrew Bell is fully aware that investors need excitement in the short-term if he’s to keep them interested. That’s why he’s now taken Regency into a new area of operations, the Sudan, where a few intrepid London-based operators, including Mark Parker, late of African Eagle and our good friends at Toro Gold, are already nosing around, but where no-one as yet has made a really big splash.

But Regency is moving fast. “We’ve already looked at and eliminated a number of areas”, says Andrew. “It’s very cheap to do that with a hand-held XRF. But the potential for early stage discoveries is enormous and doing that kind of thing doesn’t cost very much.”

Interestingly though, Regency is at least for the time being focussing on phosphate and gypsum, which Andrew argues remain at attractive points in their relative cycles, unlike most of the precious and base metals which are many years into an upswing and are now encountering significant volatility.

“We think that the outlook for agrominerals is good”, he says. “It’s still a growing and important story. The supply is less than the demand, and there is huge interest in the Sudan.”
So the attention will now shift to the Jebel Abyed property, the boundaries of which were recently extended by Regency in response to work already undertaken this year. “The next news from Regency will be an announcement that people are going out at the end of the month”, says Andrew.

But before anyone objects that the market is hardly likely to support big outlays on early stage exploration at the current time, it’s worth just noting that movement in Sudan is surprisingly easy, and that the overall cost of the next pass at the exploration ground shouldn’t amount to more than £30,000 or so.

Longer-term, Andrew talks of the potential of bringing in a partner to help move the Sudanese projects along, and that seems a realistic enough proposition given that he’s had plenty of experience in bringing bigger companies to the table with his other vehicle, Red Rock Resources.

There, Brian Gilbertson no less, took a stake in some iron ore and manganese assets that Red Rock held in Australia in a transaction that also involved Jupiter Mines. And it’s in Australia too that Regency’s other key asset is located, also in an area that’s more than likely to attract in a major in due course – the famous Fraser Range where Sirius has recently discovered nickel in a big, big way.

“We are in the Fraser Range right next door to Sirius”, says Andrew. “Sirius has become a billion dollar company from nothing and we’re right next door.” That success represents a clear opportunity for Regency to monetise its own assets, and accordingly the key licenses are going into a local company, ASX-listed Ram Resources, once A$1.5 million is raised to support further exploration work.

“Our aim”, says Andrew, “is not that this should be a financial burden on Regency shareholders, but rather that it should be a source of revenue”. After all, Andrew runs a fairly tight ship at Regency and isn’t keen on parting with the company’s money unless it’s absolutely necessary. At the moment there’s around £300,000 to £400,000 in the company, with the remains of an £800,000 facility also available.

And as far as future funding is concerned, investors ought not to be too worried about dilution, especially at this price. “We aim to sell off one or two of our peripheral investments, including the listed ones”, says Andrew. These include stakes in Red Rock, Oracle, Alba, and Ram Resources. “We have people approaching us for the Direct Nickel stake at the price of the last financing, but we’d only sell a bit of it”, he adds.

So money ought not to be an issue in the immediate term. But will there be further deals? Well, Andrew’s always got an eye for a bargain, so never say never. “At the bottom of the market, you should be using undervalued stock to get underpriced assets”, he says. So watch this space.

http://minesite.com/news/regency-mines-has-plenty-of-balance-sheet-strength-to-support-its-aspirations-in-sudan-papua-new-guinea-and-australia