Regency Mines plc (“the Company” or “Regency”) is a small cap natural resource exploration and development listed company on the Alternative Investment Market (AIM: RGM) of the London Stock Exchange Ltd in London.
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Share Talk spoke to Andrew Bell, Chairman of Regency Mines Plc. We covered the project update, placing and TVR RNS. We asked why the Rosa Mine had not yet started up and why bring about a placing to accelerate project two into earlier production.
A Tale of the Unexpected
Déjà vu is a powerful thing, and it can be quite a useful from an investment perspective, if tempered, tolerated and nurtured.
Kipling says we must (to paraphrase) “keep our heads when all around are losing theirs.” Wise words but the world of AIM requires an even greater discipline, because if one presumes “losing theirs” indicates irrationality, investors in resource stocks on AIM have to deal with that and plenty more besides.
At the bottom of a resource market (and cyclical downturns as we have experienced in the resource sector are probably the most pernicious and financially damaging of all), then we have a whole legion of investors recoiling from having lost so much over the years. The mere prospect of recovery in a share where your loss is 70%, 80%, 90% or even 99% is irksome.