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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Frontera Resources Share Chat (FRR)



Share Price: 0.1475Bid: 0.145Ask: 0.15Change: 0.01 (+7.27%)Riser - Frontera Res
Spread: 0.005Spread as %: 3.45%Open: 0.1325High: 0.1475Low: 0.1325Yesterday’s Close: 0.1375


Share Discussion for Frontera Resources


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Zibrahimovic
Posts: 906
Off Topic
Opinion:No Opinion
Price:0.1475
RE: Investor event
Mon 09:11
Tsbs jump back into bed and this time get out the other side lol
 
Tsbs
Posts: 5,693
Off Topic
Opinion:No Opinion
Price:0.1475
View Thread (2)
RE: Investor event
Mon 08:36
Why does there have to be news before the event ? god knows im as eager as anyone to get decent news out for a change

There is the stark reality that no news will come and the meeting is just to re-emphasise what we ve already been told.

There is a case like LL says that maybe it is just to get their placings away, its a tried and trusted formula and works every single time so why not have an investor event this time as its a lot more shares they want to hit us with.

Pence is there the day before so what. We ve seen it all before, meetings with pms, dinners with every man and his dog present but hey look where we are .15 and no money

We ve had every seymore tot and devexs post cut and pasted here saying deals done news next week but where are we exactly...as ever waiting for the massive transformational news. and im not having a go at them

Lets hope the next ten days does indeed change our fortunes here, some of us have waited forever and dreamed just as long.
Dave73
Posts: 1,861
Off Topic
Opinion:No Opinion
Price:0.1475
RE: JV
Mon 08:27
Cash and shares offer for Georgian asset , no need for consolidation then , save some cash.
Dave73
Posts: 1,861
Off Topic
Opinion:No Opinion
Price:0.1475
JV
Mon 08:25
My monies are on SOCAR thats why SN had to move over as he would not agree with them after previous history. Makes sense to me should keep everybody happy and politically correct perhaps ? that's if we have a deal at all.

Just hurry up will you otherwise I wont be here , getting older by the minute...as you do.
Coggy
Posts: 11,839
Off Topic
Opinion:No Opinion
Price:0.1475
Or as our Southern brethren
Mon 08:24
would say:

Bagger 😂
Coggy
Posts: 11,839
Off Topic
Opinion:No Opinion
Price:0.1475
Wot, No RNS?
Mon 08:19
B*gger!
Moleinahole
Posts: 2,814
Off Topic
Opinion:No Opinion
Price:0.1475
RE: Investor event
Mon 07:43
Lash the most obvious reason to me remains having a UK event after the consolidation proposal is announced in recognition that alot of shareholders don't travel to the AGM.

So that could come anytime as there is a 10 day notice on the meeting I believe but they would want to leave time to vote. So my money would actually be in next week. The Pence visit is obviously tempting but we have had a few of these meetings. Would they hold a big signing ceremony given the Russian sensitivities?

Not sure. Anyway brave man to pitch up in London with nothing new on the table.
Nolosstillsell
Posts: 3,743
Off Topic
Opinion:No Opinion
Price:0.1475
RE: Investor event
Mon 07:36
LL

If it were my decision I would release news towards the end of this week so momentum continues into next week and so on.
LordLash
Posts: 1,490
Off Topic
Opinion:No Opinion
Price:0.1475
RE: Investor event
Mon 07:33
That's true Solar, it is actually called a "shareholder update meeting and presentation followed by a Q&A session". I guess that does mean news could come later as the intended audience is current share holders. I am still expecting news before the event, but I should adjust my expectation to any time prior to the update itself then. Dam!!!!
Moleinahole
Posts: 2,814
Off Topic
Opinion:No Opinion
Price:0.1475
View Thread (3)
RE: Moldova Oil
Mon 07:32
Dave back checking your post history you invested due to frr going into Moldova.

First FRR will be in no particular hurry in Moldova. This is for two reasons.

1. Until Georgia is resolved they are short of cash to spend in Ukraine and Moldova.
2. The general political climate is not good in Moldova for investment by a us company.

The article is an example of point 2.

Of the claims of impropriety I very much doubt that Frontera have done anything unusual as evidenced by a single meeting!

The NGO even in this country protest against oil and gas exploration it's universal!

Having exhausted the other two bits of mud slinging are then used to try and discredit FRR.

The court case is resolved. It is untrue that $30m is in dispute now. There is a long history around the loan notes that fell into the hands of a distressed asset expert for $7m who have been trying to maximise their profit off them. They are now secured up to 2020 with the CEO of outrider on the frr board as a Non exec. It's understandable a journalist might think it's outstanding as the end of the court case has very strangely never been published in RNS probably.

As to the claims around assets in Georgia that is also not correct. There are CPR from NSA to back up the oil and part of the gas. The debate is around commerciality.

The article does however demonstrate how peculiar frr are in their communications and over the last 5years the perilous financial position that bad luck and at times bad management can get a company into.

The short term action is Georgia. Moldova and Ukraine would be 2 to 5 years and could well be a reason that Zaza has stepped up and Steve moved aside. We await the Georgian news and how they intend to fund themselves as resources remain meagre at the moment.




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