Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I recon that if a new subsidiary company has been set up under FRR and block 12 is transferred to the newco and has been accepted by the Georgian government; Then the ‘ring fencing’ may have been done to make a buy-out (by, say, BP of the Georgian Block 12 only and optimistically) rather than a co. Like BP buying all of FRRs other interests. . . Maybe?
Was she OK about it?
I had problem for 15mins or so this morning
It's happening on all the boards. Remarkable really given the LSE BB is usually so reliable(!).
I've taken to copying my post before I send it, so if it screws up I can paste it back in and re-submit. Saves a lot of typing and replacing computer screens.....
I tried to post last night 3 times and they just never happened. Hence the question. WTF
He means he writes them and clicks post message and it disappears. I have had the same problem for 24hrs.
Mad what do you mean your posts are being denied?
Most of my posts are being denied after a thread on another board was removed (not my thread). This makes it very difficult to post atm and I can't even copy my own posts to the Archive.
Frontera Resources US.
B19055799
Yes a typo, as it's the same document number.
correction:
....or the asset remains somewhere in the group.
I can understand the asset being moved into an empty shell. Question is, is the shell a subsidiary in our group of companies (that we're invested in) or not? I don't recall the name but it almost appears to be a typo - very strange! Anyone recall seeing it in a list of subsidiaries before?
I have tried to look on a Georgian version of Companies House but I cannot find one. Company could be registered anywhere though, I guess.
For me, I would have thought if the asset was transferred out of the group, it would have had to be for fair consideration (i.e. sold for cash etc). If it was in a subsidiary of the TopCo we are invested in, the proceeds from any transfer should still be within the TopCo - or the asset itself still remains in TopCo.
All IMO.
So is that us out of the ownership of block 12 also
That’s just me empty shell - read the documents up to June of this year for Frontera Eastern Georgia.