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00.7 to buy .now
ment
this was over 4p just 2 years ago ....
At these levels .could be wise
Frontier Resources International has been informed by the Zambian Ministry of Mines, Energy and Water Development that the Block 34 exploration licence has been renewed for a further three years. The extension was conditional on the company conducting an environmental project brief on or before 14 March 2016, as well as paying any outstanding statutory fees due with immediate effect. The Company is considering the renewal letter and will seek further clarification from the Ministry on the requirements of an environmental project brief and any fees payable prior to submission of the licence certificate to the Ministry for renewal endorsement. The Company still has an urgent need to arrange additional funding for its immediate working capital requirements over and above the potential commitments under its licences and consequently that can be no certainty that the Company will proceed further with the Block 34 renewal at this time. The Board is continuing to consider all the options for the potential ongoing funding of the Company which could include an issue of new equity, the disposal of part or all of the Group's existing licence interests and possibly the investment in new projects outside of the oil sector.
Sooner or later we will see a bounce......As previously announced on 30 June 2015, £272.223.13 then owed to Mr M (Jack) Keyes will only be paid in the event that the Company completes a farm-out of its interests in one or more of its projects which involves the reimbursement to the Company of at least £435,556 of historic exploration expenditure.
May well go ahead as its in the interest's of the director's. Surly if you have an asset that can deliver massive amounts of revenue then surely they will get funding to complete the work. I bought in on the dip but my buy didn't show. At this price is a steal with the potential to rerate on a massive scale. Gla
There is your answer down another 40 % on no news, amazing incompetence
bid ..008 ..how come some one sold .0.065
Just non stop good news, please board we can not take it anymore :(
As announced in the interim results for the six months ended 30 June 2015, a four year exploration licence was granted on 25 March 2011 to Frontier over Block 34 ("Block 34") located in the Kafue Trough in southwestern Zambia, which covers an area of approximately 6,427 square kilometers. As previously announced, on 8 January 2015, the Company filed for an extension to the exploration license in Block 34 and the extension application was still pending and accordingly, the initial four-year exploration licence, which was granted on 25 March 2011, had expired. The Company has now been informed by the Zambian Ministry of Mines, Energy and Water Development (the "Ministry") that the Block 34 exploration licence has been renewed for a further three years with the condition that the Company conducts an environmental project brief on or before 14 March 2016 and pays any outstanding statutory fees due with immediate effect. The Company is considering the renewal letter and will seek further clarification from the Ministry on the requirements of an environmental project brief and any fees payable prior to submission of the licence certificate to the Ministry for renewal endorsement. The Company still has an urgent need to arrange additional funding for its immediate working capital requirements over and above the potential commitments under its licences and consequently that can be no certainty that the Company will proceed further with the Block 34 renewal at this time. The Board is continuing to consider all the options for the potential ongoing funding of the Company which could include an issue of new equity, the disposal of part or all of the Group's existing licence interests and possibly the investment in new projects outside of the oil sector.
Pump what ? What is left ?
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Yes worst investment ever, even the worst of dogs had some spikes... Significant discount to 0.1p reached in one day, what a surprise.
well my £600 invesment is now worth abou £10-20 lol Best investment for losing money ever! Avoid folks!
The company wants to take the share price for another ride in the region of 0.01p, wow what a performance, please dont forget to award yourselves bonuses....
Hello mate. Is it worth averaging down from 2.25p levels? Any hope for this company?
On a 'massive' volume of 150k shares. Management seems to have taken sleeping pills here and are now comatose...
FOR NOW ....
Issue of Equity Thu, 26th Nov 2015 11:12 RNS Number : 0750H Frontier Resources International 26 November 2015 For immediate release 26 November 2015 Frontier Resources International Plc ("Frontier" or the "Company") Issue of equity As announced on 16 November 2015, the Company has continued to reduce outstanding creditor accruals by agreeing reduced settlement terms and / or the proposed issue of new Ordinary Shares as payment in lieu of services provided. The Company has therefore today issued 21,528,521 new Ordinary Shares ("New Shares") to service providers and an employee in lieu of approximately £35,522 owed in aggregate at an issue price of 0.165p per New Share), being equal to the closing mid-market share price on 25 November 2015. The New Shares will, on issue, rank pari passu with the existing ordinary shares in issue and application will be made for the New Shares to be admitted to trading on AIM. Admission and trading in the New Shares on AIM is expected to commence on or around 3 December 2015 ("Admission"). Total voting rights Following the issue of the New Shares, the Company's issued share capital consists of 361,999,056 Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
I was expecting much worse, but the update is not too bad, no imminent threat and yet a 44% fall in price is unjustified.
Not nice sold long ago am all in pcge am happy i made the right decision.
Hope you are right but I am beginning to think all money is lost here. Its amazing down 33% on sells worth over just 2k. At least the board who own most of this pile of rubbish are also loosing money. The incompetent lot couldn't get one farm out in years.
It will bounce one day!
I've been thinking the same thing myself. I can't even sell the shares I have in this pile of turd anymore either. It's all over here.