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Frontera Resources Share Chat (FRR)



Share Price: 0.56Bid: 0.55Ask: 0.57Change: 0.05 (+9.80%)Riser - Frontera Res
Spread: 0.02Spread as %: 3.64%Open: 0.51High: 0.56Low: 0.51Yesterday’s Close: 0.51


Share Discussion for Frontera Resources


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Tsbs
Posts: 7,059
Off Topic
Opinion:No Opinion
Price:0.56
bedex
Today 19:33
im licking my wounds but thanks for your sympathy its touching :-)
 
Zibrahimovic
Posts: 2,557
Off Topic
Opinion:No Opinion
Price:0.56
Devex iii
Today 19:30
Just catching up on today£s posts, and I see RB40 on LSE has already commented. A few points re my understanding of the notification process:

- Under AIM rules the shareholder should notify the company of any single name holding above 3%. On receipt of a TRI the company then update its records and notifies accordingly. The Nomad would be immediately made aware of such notifications, if they exist.
- However as FRR is Caymans registered I understand that different rules apply to holders outside of the UK £ ie a 5% rule. Hence the disclaimer on the website.
- Zaza holds 7% of stock £ just under 1.02 billion shares valued at around £5.5 million. If he was trading he would have to let the Nomad know and report accordingly. The Nomad would be very insistent on this.
- SN holds 11.8% of stock - around 1.71 billion shares valued at around £8.6 million. Same rules apply.
- Collectively they of course paid over £20 million for these shares over the years (source - SB and myself have simply kept track of this over the years). I have never for one single second thought that ZM or SN are out to simply recover their outlay
- I have no idea how Reuters get their data.

The accumulation could of course be anyone, but Stephen Hope is the one director who holds no stock personally. However I am pretty sure that Outrider would have investment vehicles that could operate at arm£s length to Hope himself. Pure speculation on my part - but if you were a director and obviously in the know, and your convertible debt had recently given up the convertible option, I would have thought that you would have been busily exploring new ways to ride the equity wave.

As I said £ pure speculation on my part
Zibrahimovic
Posts: 2,557
Off Topic
Opinion:No Opinion
Price:0.56
RE: Institutional Investor
Today 19:22
SSF were the vendor holder and were noted on the IR page of the FRR site so if it is SSF now accumulating on the vendors behalf then it will be published on the Frontera web site....
Nolosstillsell
Posts: 4,915
Off Topic
Opinion:No Opinion
Price:0.56
RE: Institutional Investor
Today 19:16
Thanks Mole. I'm missing your posts. Hope your doing ok.
bedex
Posts: 1,693
Off Topic
Opinion:No Opinion
Price:0.56
RE: Over 400
Today 19:04
Some one filtered tabs?

about time! :)))
1750mk1
Posts: 3,413
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.56
TR1 ... no TR1
Today 19:03
Great find Zib... really interesting.

We won't necessarily be due any TR1 for a 3% cross though ...

As I understand it, for non-UK incorporated companies the notifiable threshold is 5%, with subsequent notifications required at 10, 15, 20, 30, 50 and 75%, and disclosure of any change must be within four days (but AIM being AIM they do not always notify for some considerable time and would barely get a 2nd glance let alone a slapped wristy from the FCA)...

Also, under EU rules, Fund managers only need to disclose at 5% and 10%, and then each additional 1%. Market makers can also hold up to 10% without disclosing their position.
archy1968
Posts: 196
Off Topic
Opinion:No Opinion
Price:0.56
Nice to see
Today 19:02
Nearly 10% up today. Seems to be too much doom and gloom but also some positive posts. Nice to see a gas flare earlier. Good news surely on its way. GLA.
bedex
Posts: 1,693
Off Topic
Opinion:No Opinion
Price:0.56
RE: Over 400
Today 19:01
Thanks canny, did clock it, can.t wait for the decimal point to move one place to the right.
Solarflare
Posts: 1,929
Off Topic
Opinion:No Opinion
Price:0.56
RE: Over 400
Today 18:58
Pretty much bit of sh t from me and few laughs along with potty filtering tabs hahahaha
Moleinahole
Posts: 3,387
Off Topic
Opinion:No Opinion
Price:0.56
View Thread (2)
RE: Institutional Investor
Today 18:53
1 week to go I'll give you a single post for the week as will be in London this time next week.

These are the numbers you are trying to perm from Reuters II.

303,980,055 =< Aug

Options for this balance from any of:
a. Consortium of lenders short term loan 323,529,410 8th June
b. Small vendor debt conversion 2nd Aug 1,041,055,718
c. Fundraise 512,820,512 to various investors 29th Aug
d. Some or all of any of first 3 YA conversion (e.g. July 245,903,225 shares) .

117,956,271 = YA Sept + Oct (63,076,271 + 54,880,000)

68,613,953 = YA Jan

So the balance is made up of at least 3 of YA months preference share sales.




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