Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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I think we all want that kind of quick, positive resolution to this mess Phil.
Personally I’m still taking some comfort from the messages that have come from the company via Looed. The management team seem to have become a lot more organised since Zaza left, moving with a determination and purpose that was clearly absent in the initial round of Court cases that we always seemed to lose. One thing for certain though is that all thus BB’s analysis of events proved to be way off the mark, (understandably so given the farcical nature of the forces ranged against us), but equally the large amount of the work done by our band of super-sleuthers I suspect alerted and ultimately helped the cause of our new BoD (I’m thinking of the unearthing of the unpaid bill for FRR’s registration in the Caymans, and also the discovery of all of Zaza’s cloned-Frontera companies, that at the time we tended to assume couldn’t have been clandestine because it would be so obviously corrupt, but that then turned out to be exactly that!). I haven’t cross-checked the dates, but I reckon those reports and others may have made their way back to the US and may have led to Zaza’s sacking.
I’ve said in the past that I was pleased Zaza was sacked, as whenever the GG threw us an olive branch, he seemed to politicise it and throw it back at them. Nothing that has come to light in the last few weeks and months has changed that view.
GLA.
Think it's about them Whamboy, at least it seems to be moving along apace.
I personally would like to see all these issues get resolved now. I'm hoping that SN, etc at FRR can get them sorted quick now and out the way so they can finally development the field & get it all sorted. The box may not be empty but let's not rip it to pieces by all the big players fighting over it that it goes on so long that the license expires and we all end up getting 100 percent of nothing.
So am I right to say our next court case (that we know about) is in Texas on the 27th May?
Max, you are being wiser after the event or maybe there is some schadenfreude involved.
Max its always easy to be wiser after the event. I suspect alot of people have fond memories of the dot com bubble and crypto could have and could still end up in the same position - boom and bust. I fondly remember my safe dividend bearing bank and financial stocks being demolished in 2008.
Even here you will find people who have done well out of FRR - momentum traders and shorters and top slicers. The ones who have not are those who have invested in the company and supported it or mis timed investment rather than traded or taken some profit out.
The reason many stayed is because they believed the information they were provided. And anyone who thinks they are safe in a crypto currency really do need to make sure that they are diversified. As that is your best defence against risk of any kind. You can never be sure what could happen and some classes of investment are riskier than others.
If there is any lesson I'd start with that. I still feel desperately sorry for people who have been dealt a severe blow here. Not all have the time or wherewithall to recover the losses or chase them in other higher risk "investments".
Dulwich - I agree to a point. I have invested alongside fossil fuels a selection of alt energy for over a decade. Originally I wanted to support them to grow, then the technology interested me but I have in past 2 years significantly increased as I do think the momentum is shifting and I would not underestimate how the pace of change could quicken. That can effect the ability to raise capital and I think that could be a decisive factor in capital intensive projects in fossil fuel. Africa has abundant opportunities with solar and geothermal technology to exploit.
why on earth werent you born a decent human being rather than one who enjoys other peoples misery
no one can answer these questions
AIM is a game. Pro traders gain and investors go down the drain
on dodgy AIM. FRR was rotten from top to bottom.
WHY did they wait so long when there was so much wrong?
Negligence.
Whilst I totally agree with you some of the demands by the IEA are just plain madness. I accept that there reserves etc which can be used but some are so expensive to to get into use. it will deter people from using them BUT the world will stop if all hydrocarbons are banned . NO steel (you need coke what is the representment) No gas boilers try heating a hospital on electricity this is all too much too soon. Add in that the demand for power is going to increase year on year unless they are going to say to Africa you can not send an email. I accept at present the direction of travel is being laid out but the time span is daft. I can not see international agreement in that area is simply not going to be achieved what ever they say.
Sorry off topic but this is beginning to annoy me
Agree
See on bbc news website that the International Energy Agency say there is no need for any future coal, oil & gas exploarion.
Even though Frr are supposed to have a nice looking amount of oil & gas already found. Unless they speed things up on offloading or increasing production by I would say a very big amount then even, if they manage to hold on to their small bit of B12. It will start to lose much of its value. Whatever that is.
At this rate I suspect that hydrocarbon energy sources will be distant history well before this thing is finally resolved and no one will know or care what might have been "in the box" :-)
OMF - sued frr, had FEGL wound up , tried to be assigned asset, court cases against SN, ZM and frr
Mourant - suing FRR SN and Zm - now going after ZM along side SN
YA - ?
GOGC - prevented FRR from continuing - then suspended that decision
Asset steal from ZM and GC with TRO in place until 28th May to hold the attempt
What do we have left
can someone add what other cases are on going and a full picture of current actions
Thanks to Looed, mole and oopsi for recent poatings.
I simply cant believe we are still standing given what we now know, and why put the effort in over what is supposedly nothing extractable.