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My 7000000 shares are in Halifax they have been transfered out of my ISA into my share dealing account and are showing 0.4718 which is what I paid.
Some could say you are lucky to show a holding at all. Others, including myself, have had their holdings go missing - in my case, bought through Selftrade, passed to Eqi but did not make the final transition to ii. Hope Dave's right and computers don't forget.......
If the Georgians renew the PSA then it's game on.
They may well be inclined to do so if they are seeking EU status and aligning with the West/USA.
Plaster, by Barclays trading account is showing last price of 0.2875p
Mills mine are in halifax it doesnt show my average price but its cost divide by amount of shares and mine is 0.428p maybe its the same average for all halifax accounts or just coincidence?
The price shown in the Halifax account is average price paid by the account holder . mine shows 0.4279p
i believe ****nal221’s share price of 2.5p was based on the historical investment frr made in georgia from 1997-onwards. my own thoughts? i think if the psa is renewed (which is the main driving factor), and the cost recovery pool is retained (at c.$320m), then this has a carrying value to any future farmout partner, particularly if that partner is a multinational-major from the us. there is also all the drilling data accumulated covering different oil fields. but again, no way to work out a potential s/p until we know what fields the psa will capture (ie in terms of value from p2 and p3 cpr reserves).
personally i think there is a farm out deal waiting to be closed but that is dependent on the renewal of the psa. what’s the evidence for this? i guess the continuous legal fights with multiple stakeholders over many years (especially in the absence of renewed psa), tells you that they are fighting for a reason, so what could that be unless they have something in their back pocket (re-emergence of dustin aro with frr may be the independent consultant that is the go between the two parties?).
finally, in terms of future value of a deal to company and shareholders: as ****nal221 alluded, frr had accumulated over $500m in p&l losses which are future tax deductibles, meaning no tax (or very small amount) to be paid to the us govt until these losses are clawed back. important to note here the difference between the cost recovery pool and the p&l accumulated losses reserve. for the cost recovery pool, and as i understood it, nothing was payable to the georgian govt from sale of oil until this cost recovery pool was fully recovered. however i don’t know if this is actually the truth. why? well, the basis for dragging frr to the arbitration tribunal was because in all the years frr was selling georgian oil (i reckon over a period of 20-yrs, perhaps this amounted to over $100m), frr never gave a penny to the gg. and we know what happened at the tribunal. - we lost! perhaps someone with a longer memory will recall why the tribunal judges ruled against us despite this provision in the psa.
so, completely pointless discussing a potential value of each frr-share until we know where we stand legally (with all the ongoing cases) and the status of the psa. there is also the moldovan psa, but is this even valid? but the fact zm, hope, ya etc are all looking to take a piece of frr, there must be a good reason.
happy to hear other people’s ideas and thoughts on this.
Steve v the last price still showing in my halifax acc is 0.3489p
Any return would / will be nice, but an old saying comes to mind, don’t count chicken’s before they hatch
Keep those positive vibes on us being part of “The Frontera Family” folks? I am.
After all, all things are bright and beautiful , all companies great and small , just like ours.
GLA real holders
It was on the basis that Frr still have a % of what was stated yrs ago & they offload it.
Overall until we know if we are to be part of any new company, if that is the case then it does not matter.
So the wait goes on.
Enjoy
I would think 2.5p is cloud cuckoo land.
We suspended around a tenth of that.
We have debt and the PSA has run out.
IF this ever relists then it will quite possibly still leave LTH's with very little value.
IF we can resolve all the legal issues, AND start a new PSA with Georgia, AND borrow a lot more cash, we may survive.
The good news is that Georgia has been handed candidate status with the EU. They are clearly turning their back on Russia and aligning with the West. So maybe they are keen to show they are open to do business with the likes of FRR and will offer some decent incentives.
It's natural to wonder and speculate with all the time we've wasted with this mess and how much money we have tied up, pointless as it may be at this stage.
1234 type has gone. Message from Mapp was too strong.
Doomsday Clock is at danger point. Putin does not know
when to stop. Soon the world may pop. Cyber with ease
does the job. Enjoy life and living before you drop.
ah i see the confusion - it was ****nal221 who mentioned that price not you, apologies.
Thank you Looed.
I never mentioned 2.5p and believe speculation on a price is completely pointless and premature and potentially irrelevant.
I said I have no idea on price, "zero and a wild guess" are my actual words. You mentioned 2.5p and I am saying well sure it could be that or any number but we need more clarity on our / company position before any discussion on price.
How is that not clear?
Looed: to us with a tendency to scepticism/paranoia at losing all our hard-earned, your last sentence is odd. It's completely at odds with the rest of your (eminently sensible) post. Can you please explain the logic behind it?
I just saw ****nals post and i think a few people have mentioned 2.5p, so yes it could be that number, but we really need more information to have certainty.
=====================
Wow. Massively misleading. Shame on you.
armoured_bear – in all honesty, share price is the one thing i never think about. even before the de-list, frc was a company that was saddled with debt, that hasn’t produced a thing in years, and had no license to operate. we await confirmation that they have been able to ratify the mou offered to them in 2022. then there are all those legal costs.
if they intend to take us with them into a post frc-c world then that is great. if they can fulfill the conditions of the mou and get an operating license, then that is fantastic. but that still means a lot of things need to happen to get this show back on the road. if / when we see how they plan to manage a return we can maybe start to think about a price, but right now it’s between zero and a wild guess.
i just saw ****nals post and i think a few people have mentioned 2.5p, so yes it could be that number, but we really need more information to have certainty.
I'll open the first store lol
Last post is on us being lucky & anything left is offloaded around the 2.5p or hopefully more.
If Frr get back what they have stated in investment ($500M) of which after all on what has gone on then you would think more then that.
On above though being a bear minimum then sp equivalent think is around 2.5p or was about 1yr ago.
Loved, thanks again for all your efforts.
Clearly we don't know at all how it will turn out but what do you **hope** for?
How much do you realistically hope to receive per share?
No problem Bezzy,
I hope we can find the answer to that question sooner rather than later.
Morning Looed,
Thanks for coming back to me. I knew it was a long-shot. But I'm of the view "you don't ask, you don't get".
Fingers crossed the final pieces of the jigsaw are going in now.
Many thanks,
Bezzy