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Frontera Res Share Chat (FRR)



Share Price: 0.725Bid: 0.70Ask: 0.75Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.05Spread as %: 7.14%Open: 0.81High: 0.81Low: 0.675Yesterday’s Close: 0.725


Share Discussion for Frontera Res (FRR)


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Punkfeelinglucky
Posts: 4,851
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eh
Fri 11:05
devonian - agian agree. vote and email. Also can anyone do dummies as I think there may be a very large buy order at work.
 
DevonianExile
Posts: 134
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Woodwork today
Fri 11:02
Amazes me that we have comments coming out of the woodwork today from people who never at all comment on the positives - eg the last two operational RNSs.

The resolution is as crystal clear as it could be - I am not claiming to be that bright but managed to understand it in one. And it is common practice - all my other core holdings have this incorporated. (easy enough to check)

I suspect this is a throw back to when the financial restructure took place and the prevailing advisers simply didn't pick it up. Whether finnCap or before their time I really don't know. Cairn are obviously trying to get it right.

Also I suspect a whole shed load of shares - transactions in the last 6 months mainly in nominated accounts - take forever to get reconciled. Probably doesn't help. Anyway Cairn/Company now have 6 weeks to get this sorted, but it is no-ones interest to simply stand on the sidelines on this.
Awax
Posts: 1,124
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Price:0.69
nsdols
Fri 11:00
Big 70 year old Ostriches, not turkeys........I get it! Really think FRR can do a lot better but would not change my investment here. Been here almost 4 years, been lucky to have called a couple of spikes and have a free ride so I'm happy it's one of my best. But many on here have massive stakes and are treated unfairly imho but importantly their rewards will be here soon I feel. However, clear errors by bod ought to be owned up to and they have put us where we are. I like what this business and the prospects it has for the future.atb
Punkfeelinglucky
Posts: 4,851
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nsdols
Fri 10:54
quite
nsdols
Posts: 2,062
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RE: Turkeys and Christmas
Fri 10:51
don't you mean on behalf of ostrich! Turkeys will attend, Ostrich just whinge on bulletin boards!
Awax
Posts: 1,124
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Turkeys and Christmas
Fri 10:47
Yeah....apparently there's two 70 year old turkeys who vote yes every year on behalf of all turkeys. That's the quorum on turkey votes, the rest are kept in the dark.
Punkfeelinglucky
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gourrock
Fri 10:45
been reading some of your past posts. You don't seem to have anything good to say that isn't pre-fixed or suffixed with more negatives even after positive announcements
nsdols
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RE: the vote .
Fri 10:44
more like the turkey farmer not voting for Xmas!
Coggy
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gourock
Fri 10:43
Don't they?
nsdols
Posts: 2,062
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How
Fri 10:43
difficult is this to understand?

"The Company is aware of a number of inaccurate comments that have been made online concerning Resolution 2 that is to be proposed at the forthcoming AGM on 18 December 2014.

Resolution 2 concerns the rule in the Company’s Articles (Article 80) about the quorum needed for a members’ (shareholders’) meeting to proceed. A quorum is the minimum number of shareholders needed for a valid meeting to proceed. Without a quorum being present, a general meeting cannot be held.

For many AIM and Main Market listed companies, the rule is that a quorum can be formed by the presence of two shareholders and that is the default position at law under the UK Companies Act 2006.

The purpose of Resolution 2 is to remove an unusually onerous requirement in the Company’s Articles, which requires more than half of the Company’s members (shareholders) to be present to start a meeting. The effect of Resolution 2 will be to change Company’s requirement on quorums to any two members (shareholders), mirroring the default position under the Companies Act 2006.

For the avoidance of doubt, Resolution 2 does not:
•lower the percentages of votes required to pass a resolution of shareholders present at a meeting (which will remain as a simple majority of votes cast in respect of ordinary resolutions, and a majority of at least two thirds of votes cast in respect of special resolutions);
•affect a shareholder’s right to attend a meeting;
•affect a shareholder’s right to vote at a meeting; or
•in any other way, affect a shareholder’s right to participate in the affairs of the Company.

If Resolution 2 is passed, the Company will continue to be obliged to provide shareholders with notice that it proposes to hold a meeting (including an AGM) and shareholders will continue to be allowed to attend and vote at meetings in the same way."





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