"yes, Angus edgar appears to be serial disappointer. I think it goes something like this - Edgar also runs Melbourne Capital. Melbourne Capital raises the money for these projects. I think this is where Edgar actually makes his money on commissions from the money raised firstly, and then after that on trading (somehow) on the shares shortly after the ipo when there is a general flurry of interest. And then the rot sets in, but my guess is he has already made his money by that time, the wage also helps make his journey worthwhile. The other trademark of Edgar seems to be a complete disregard for the ordinary shareholders. Possibly because Melbourne capital always taps into the same group of banks and wealthy investors - so they get looked after, and possibly know how the game works, while ordinary investors don't. Edgar seems to look for a good story, has no intention or ability to see it through, and floats it for short term gain. RER is a mess, raised its money for the coal technology and then dumped it or screwed it up, and without asking shareholders branched out into Bio methane, and then congo gold. As far as I know nobody at all put money into regal for these purposes, and yet edgar diverted money into these projects. Now the only money RER has comes from the buying out of RER stakes in Congo gold projects by there Afri mines partner. And the latest money from that is now months late. Must be problems, and Edgar will never advise the shareholders. Maybe another Edgar screwup? If that money doesn't show up RER will be dead. But Edgar has other companies left to continue playing the same game with - Good Luck."
NZC Price at posting:
4.8¢ Sentiment: None Disclosure: Held
