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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Frontera Resources Share Chat (FRR)



Share Price: 0.60Bid: 0.59Ask: 0.61Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.02Spread as %: 3.39%Open: 0.63High: 0.63Low: 0.595Yesterday’s Close: 0.60


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pyrotech
Posts: 4,228
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Price:0.6175
View Thread (4)
Aim
Thu 13:17
Zaza said that news was often manipulated and misunderstood and that was his reason for releasing complete and not partial
He also said he met brokers and listened to advice, it was regarding another subject he actually met them about but i would read into that, he would also have been advised the adverse effects of releasing news intermittently.
People take advantage or honestly do not understand what they are being told in some RNS

Zaza was open and honest about this, and it was discussed via pi's with Zaza extensively
I do not recall him saying he wanted to catch traders out, i think myself and others felt he was frustrated by traders and people putting a negative spin on a RNS where in reality there was nothing negative
Zaza gets hurt as we do with SP manipulation so from what he said we believe he is on same page as us

I would be more concerned if Zaza had done different to what he said to us in AGM, he said results ONLY when COMPLETE and he has kept to that.
 
Solarflare
Posts: 1,604
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Price:0.6175
RE: NDA
Thu 13:13
Reasoned post mole nerve settling
firegazer
Posts: 13,106
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Price:0.6175
Mole
Thu 13:11
so we have to ignore what he has said in all his ikle podcasts now, cos its not been RNS'd.

ok.
Retireby40
Posts: 3,939
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Mole
Thu 13:11
A good recent comparison so fair enough. I've been here 6 odd years so will obviously hold form and another few weeks won't matter too much. Some good news over the festive season would be most welcome indeed!
pyrotech
Posts: 4,228
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Price:0.6175
RE: NDA
Thu 13:06
Hi Mole
Yes im 100% on same page as you with those thoughts
AIM_higher
Posts: 1,174
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Price:0.6175
RE: AIM_higher
Thu 13:02
What did i say noloss? That i suspect the flow rate isnt the RIDICULOUS 186 scuffs that some suggested on here and based on previous form the reason for the lack of news might b that it isnt as MASSIVE as some on here claim over and over and over again? So what. It's an opinion and could b wrong....just like all your conspiracies that hevent come true yet. Ive been very transparent. I want out asap at a level that gives me some return for all this waiting and disappointment. That's it. Plenty of regular posters on here have traded this over the years. Fine by me. But dont b so hypocritical about it i say.
Moleinahole
Posts: 3,251
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RE: NDA
Thu 13:02
Pyro / RB40 I'm an HNR holder and producing interim results there over the last week has absolutely hammered the share price and enabled shorters and traders to exploit the opportunity of lower than some anticipated initial flow rates on a drill such that they have now had to release an additional RNS today as the flow increases still leaving the share price substantially down!

Having seen that I'm content that Zaza is following the correct strategy to keep the result back until its a definitive result. That news could land this week, next week or next month. That uncertainty will keep anyone trading on edge and I'm fully behind the approach. It does of course mean investors have the same nerve jangling experience but on balance I'd rather they keep the traders and shorters guessing as it will tend to reign in their exuberance (and I'm equally conscience it reigns in some of the ramping exuberance but I'm more wary of the negativeers). For long term holders the waiting should not be an issue if the asset is there. We have reached a point that has the share price fairly stable now and waiting news.

As I've said before I would not read too much into the NDA either and it will be nothing to do with the non delay (there can be no delay as the work has no RNS'd timescale!). The results at UD2 will speak for themselves when they land.
Nolosstillsell
Posts: 4,699
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RE: AIM_higher
Thu 12:54
The thing I don't get though AIM is that if you truly believed what you just wrote then you would sell now. So that tells me that you don't wholly believe what you just wrote. Which then leaves me confused as to why you wrote it in the first place?
AIM_higher
Posts: 1,174
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Price:0.6175
RE: AIM_higher
Thu 12:45
It's 7 weeks on Monday so we will be into the 8th week. Sorry to be a pedant but it's the 8th week. If this whole trader hatred thing from Zaza is legit then it's very petulant on his part. Play some weird game to catch people out? No!...give the price sensitive news as it's generated. It really winds me up how AIM companies consistently flout the rules with complete impunity. This won't affect traders anyway. They will just have a safer retrace zone to sell into (profit all the way down for them). I guess we'll see some time in the next month or so.
pyrotech
Posts: 4,228
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Price:0.6175
View Thread (4)
RE: NDA
Thu 12:43
Come on guys
We have nothing concrete to suggest the NDA i reason for the delay
Zaza confirmed that he preferred to give results when all complete rather than drip them in as they arrive, so thats pretty much whats happening

Wording on RNS Extensive testing is interesting too, a mistake or has that changed from extended for a reason.

The Company is also announcing that extensive testing at Ud-2 well at the Mtsarekhevi Gas Complex is continuing as previously announced.

Now i can see why nerves and patience are being tested more extensive than the tests at the well head, we been here years and the biggest news is almost at touching distance, Each day seems like a week waiting.

I get it fully, however the gas transportation licence was extended and 5 times longer than previous, A dry well is obvious very quickly and getting full and accurate results for this well is paramount as it teaches us about future wells for gas too.
Letting out a bit of frustration is good but for me nothing has changed and things are going pretty much as Zaza said they would at AGM

If initial tests were poor that would have seen sp go down rapidly, people would know if it was very poor, but may be unsure of exact pressure if as expected or better
Tomorrow would be a great day for news but maybe it will be into next week, Stops traders playing thou
Could come today, First thing tomorrow, inter day, end of day (after hours) start of trading next week.
You dare not trade as it could bite you hard
GLA




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