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Frontera Res Share Chat (FRR)



Share Price: 0.92Bid: 0.91Ask: 0.93Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.02Spread as %: 2.20%Open: 0.94High: 0.97Low: 0.92Yesterday’s Close: 0.92


Share Discussion for Frontera Res (FRR)


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Punkfeelinglucky
Posts: 4,267
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.96
wonderer
19 Oct '14
People who trace back through my posts and put spin on them and carefully selecting only certain elements of the context are worthy of. .... consideration as to their motives I think. Disagreeing I don't mind as you may have seen with no bull in the early days of his posting. Anyway things need done.
 
dougal66
Posts: 7,320
Off Topic
Opinion:No Opinion
Price:0.96
RE: Debt
19 Oct '14
JS490

% of shares not in public hands 10.10%. Wonder who owns the remaining 89.9%? Not at the moment the farm in partners Varang for sure. We private investors will no doubt be stung for the end of year 31.12.14 debt due of $ 5,545,375. Sounds like a cash call to me.

"Future principal maturities as of June 30, 2014 for debt obligations are, as follows for
the periods ending December 31:

2014 $ 5,545,375
2015 7,379,527
2016 24,160,630

Total future principal payments on debt $ 37,085,532"
wonderer
Posts: 1,386
Off Topic
Opinion:No Opinion
Price:0.96
Punk
19 Oct '14
No point in sending threats of possible bans to someone with a differing view although I do believe a little hint sometimes does the trick?

Now can you do the same for Dougal lol
JS490
Posts: 59
Off Topic
Opinion:No Opinion
Price:0.96
View Thread (3)
RE: the prolific js
19 Oct '14
<"You won't be in double digit numbers of posts for long js. Go on what was your previous username and what did you get banned for? I think a note to administer might be in order.">

Huh?

I don't even know what you're talking about.
JS490
Posts: 59
Observation
Opinion:No Opinion
Price:0.96
Punk...
19 Oct '14
Ok, fair enough. Anyway, I think we're on the same side here with FRR long term.

<"Thanks for taking the time to read through all my posts though, don't think anyone else pays that much attention.">

Punk, you have over 4000 posts. Believe me, I'm not reading through all of them! LOL!

jmo
Punkfeelinglucky
Posts: 4,267
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.96
View Thread (3)
the prolific js
19 Oct '14
You won't be in double digit numbers of posts for long js. Go on what was your previous username and what did you get banned for? I think a note to administer might be in order.
Punkfeelinglucky
Posts: 4,267
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.96
js
19 Oct '14
Also share price "crashed"? I have it up 30% since sept 1st in spite of a placing and hugely bearish market conditions.
JS490
Posts: 59
Observation
Opinion:No Opinion
Price:0.96
View Thread (2)
RE: Debt
19 Oct '14
<"Anyone care to comment about the $5.5 million debt due 31st December 2014?"...does anyone believe we will be settling this debt with part shares and part cash?">

Yes, I think that's a likely scenario, to pay with part cash, and part shares. Remember, the current fund raise has already been earmarked for other purposes.

We should be doing better by the end of the year revenue-wise, but an additional 5.5 million dollars of free cash flow by the end of the year may be tough to accomplish.

And even if they are able to come up with the extra money, I doubt if SN will want to part with all of FRR's cash, ..preferring instead to keep it on hand for further work programs and administrative expenses.

Now, FRR does have much higher debt payments due in future years. Here's what it says from their latest financial statement:

"Future principal maturities as of June 30, 2014 for debt obligations are, as follows for
the periods ending December 31:

2014 $ 5,545,375
2015 7,379,527
2016 24,160,630

Total future principal payments on debt $ 37,085,532"

I'm not really too concerned at the moment about the debt payments due in 2015 and 2016. Hopefully the various projects throughout Block 12 will be sufficiently advanced by the time that becomes an issue.

jmo
Punkfeelinglucky
Posts: 4,267
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.96
js
19 Oct '14
Firstly my reply contained no ta. It was how I read the price movements. Over 100% rise followed by a huge retrace. What is surprising there. I did expect it to bounce and steadily move upwards but then we got the placement. And it moved down again. I was very heartened that, as I already said, this share found support where most aim energy shares were looking at 52 week lows. The support was then retested and found again. Thanks for taking the time to read through all my posts though, don't think anyone else pays that much attention.
Puddy
Posts: 93
Off Topic
Opinion:No Opinion
Price:0.96
Hold tight
19 Oct '14
I have 1 million and I am staying for the ride



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