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Frontera Res Share Chat (FRR)



Share Price: 0.75Bid: 0.73Ask: 0.77Change: 0.00 (0.00%)No Movement on Frontera Res
Spread: 0.04Spread as %: 5.48%Open: 0.74High: 0.755Low: 0.74Yesterday’s Close: 0.75


Share Discussion for Frontera Res (FRR)


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LordLash
Posts: 500
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (11)
RE: lord
7 May '15
I understand that, that's why I said maybe they should ask for share capital to be raised to 3.5B, to give them more than they require for the acceleration program to continue. Anything beyond that, ie upto 4.35B should need a more detailed explanation than "headroom". I'm sorry, I see what you're saying but in the context of this discussion, Frontera should have gone a lot further to outline what this headroom could be used for. We need 1 billion more for "headroom".... Nope, not good enough, not by a long shot. Anyone suggesting it is must have lost their marbles! This by the way, doesn't mean I don't think the money will be put to good use. It may well be. They're professionals though, this is peoples livelihoods at stake here, we must surely expect more from the BOD than headroom. Fair enough, if they had a great track record for share holder value and meeting targets, we might be able to assume that they are doing this for the benefit of the company, but it's their practices that has put themselves in a position where they simply can't release an RNS like that without serious questions being raised.
 
AIM_higher
Posts: 550
Off Topic
Opinion:No Opinion
Price:0.79
Question...
7 May '15
PFL, you seem to put a positive spin on everything this company does, no matter how **** the rest of us think it is, I’d not be surprised if you lauded up a delisting event. So, let me ask you a question, what would it take for you to lose confidence in this company?
Jekyll
Posts: 199
Off Topic
Opinion:No Opinion
Price:0.79
PFL
7 May '15
how much will this take £2.8m or 1.35b shares I'm pretty sure there's a new yacht built into the latter figure?
pyrotech
Posts: 2,710
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (2)
RE: CASH FLOW IMPROVED
7 May '15
Exactly
Why do they need more if cash flow is positive now.
Why clear dept to take out more? Its not even a huge improvement in dept costs
Why dilute what pi's hold further

No CONFIDENCE in bod especially SN
If he had a master plan that justifies this why has he not shared it with us?
Because he does not have any respect for pi's or can not justify it

He is filling his pockets
The market does not believe his internal company estimates
The so called CPR is based completely on his estimates only so is nothing independent so again market discounts it.

So if market discounts it so should we.
Be very careful with your money.
AIM_higher
Posts: 550
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (11)
RE: lord
7 May '15
Lubumbashi - "How else will it spend its profits from Georgia?" There are no profits currently and if there are in the future, I'd expect debt to be repaid as a priority otherwise Nobull's nightmare dilution scenario is a dead cert.
Punkfeelinglucky
Posts: 8,116
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.79
jekyll
7 May '15
Cash flow much improved but still not profitable. So cash to push operation through to profitability.
pyrotech
Posts: 2,710
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (3)
RE: Shareholder charter
7 May '15
I agree, i have no confidence in SN or other board members
They seem to be greedy people trying to destroy value for us and increase value for them selves.

Too many people here think just let this continue in the hope it all comes okay in the end, been there and done that and lost already will not be doing it again.
I watched £millions disappear into the abyss,
1 last thing some think FRR can not just delist, they can. Lose Nomad and they will delist and yes you lose every penny you put in here.
It happened with another oil company this year, the bod of that company did very similar to what FRR are doing and the money all disappeared. Nomad changed, no new Nomad, delisted, lost everything.
Oh and funny enough on the run up to it they had similar to a CPR, ( in their field of oil related work) that even had investors piling money in on last day of trading. Again based on just company data and estimates.

There is two things crooks like SN need, same as the CEO of that company.
Both get fired at high velocity the first to to the job, the second to ensure job is complete.

Too many people here said they had enough and his last chance months ago, yet same old and again they say same again.
When you realise it all be too late and your money will be gone.
On the bright side SN will be enjoying your hard earned cash on your behalf

PUT A STOP TO THIS NOW, HE IS NOT INDISPENSABLE.
He knew exactly what he was doing in that EGM for resolutions. A plan that started with significant new company estimates that happen to have materialise when he needs more money.
Promises of more communication and openness, yep that was a very short stint to get what he wants too.
Jekyll
Posts: 199
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (2)
CASH FLOW IMPROVED
7 May '15
What do they need more for then, the more I read here today the more I worry about the posters here trying to justify the way the BOD run this company. Totally laughable, they tell us nothing, we know nothing. The time is here that we need to know exactly what were invested in, are we really selling anything??? USERNAME could you set up your next voting page. Subject vote of no confidence, or maybe when your back of honeymoon !!
Lubumbashi
Posts: 256
Off Topic
Opinion:No Opinion
Price:0.79
View Thread (11)
RE: lord
7 May '15
Aim, I raised Ukraine and Moldova as examples of possible projects ALONG with FRRs current projects in Georgia. You seem to be ignoring that part of my argument. And I think the company should be looking to other areas and projects. How else will it spend its profits from Georgia?
LL, it's all about timing. At the moment the short-term request is for 350m to raise 2.8m. The RNS clearly stees what the funds will be used for:
"The funds raised pursuant to the Subscription will be used to accelerate the Company's operations at its Mtsare Khevi Gas Complex and Taribani Field assets, situated within its portfolio in the country of Georgia. Specifically, funds raised will support production, drilling and workover programmes and technical studies associated with work outlined in the Company's recent announcements dated 20 April 2015 and 5 May 2015."

There is no other request on the table. There is no proposed plan to issue the rest of the shares to iis, pals, business acquaintances or anybody for any reason. When one does appear the sp will hopefully be a lot higher, the dilution required will be less and so on. I'm working on a copper project at the moment that has stagnated for a year because the BoD took the wrong funding option and did not have any wriggle room to get out of a cashflow squeeze caused by a drop in the copper price.
Retireby40
Posts: 273
Off Topic
Opinion:No Opinion
Price:0.79
At least something's on time
7 May '15
Azerbaijani Energy Minister Natig Aliyev claims that the construction of the Southern Gas Corridor, that would deliver Azerbaijani natural gas to the European Union via Georgia and Turkey, is going ahead of schedule.

BERLIN (Sputnik), Svetlana Alexandrova — The construction of the Southern Gas Corridor, that would deliver Azerbaijani natural gas to the European Union via Georgia and Turkey, is going ahead of schedule, Azerbaijani Energy Minister Natig Aliyev told Sputnik Wednesday.

Azerbaijan is currently building the Trans-Anatolian gas pipeline, running across Turkey, that will connect the already existing South Caucasus Pipeline with the Trans Adriatic Pipeline, running up to the Italian border.

"The works will be completed in 2019. Our goal is to deliver extra 6 billion cubic meters [of gas] to Turkey and the following year, in 2020, to deliver 10 billion to Europe," Aliyev said.

Military vehicles make their way down a road during a military parade marking Armed Forces Day in Baku, Azerbaijan, in 2011.
© AP Photo/ Osman Karimov
Azerbaijan Becomes Europe’s No. 2 Arms Importer, Gets Most From Russia
The minister added that the pipeline would provide an alternative source of natural gas for Europe but underscored that it was hardly comparable with the volumes of Russian gas purchased by EU countries.

The European Union is looking to diversify its energy imports and diminish its reliance on Russian gas, which currently accounts for about one third of Europe's overall consumption.

Russia is planning to construct a new pipeline, dubbed the Turkish Stream, to deliver gas to Europe via Turkish territory

Read more: http://sputniknews.com/business/20150506/1021798561.html#ixzz3ZS23U44u





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