Neil, ask yourself why the creditors rolled over their debt and the largest of them has their CEO on FRR's board as a non-exec director. The debt cannot be converted so they expect to get their money back. Our CEO has been a let down over a number of years but lots seems to be falling into place as Lord Lash's earlier post points out. Your call obviously. I wouldn't listen to any random on a bulletin board. Do some research.
The BoD have been mixing it with the heads of state, not just one but 3 or 4 if you include the US. There have been recent improvement in comms. The dark cloud of hostile TO court case and associated bankruptcy have been closed apart from admin.
Uriel - sorry you might have already posted this but can you please post your research into why this is a bad investment?
For me - the cons are.... board have consistently failed to deliver on almost every target. Issues with corruption in the energy ministry, cash flow issues.
Pros - one of the largest gas fields on earth 13 TCF verified, 800m BO verified Possible farm out in progress Onshore 30m of debt now secured against the company with no option to convert IMF and EBRD talks ongoing - complimentary capital mentioned
Neill 22 dont listen to what the rest say on hear read that article and go with your gut feeling the share they are all talking about is CTAG read what the same people said about that on the site they called it spot on in fact they tend to get it right most of the time dont lose your money go with your gut feeling and always use that site before you buy into any share you may find it helps you keep your money
they will all tell you different on here and that I am a troll .... i aint no troll I live in the real world unlike most on here
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