The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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If this comes anywhere near good, even just getting half my money back, it would be my pleasure to buy you all a pint in a London pub.
Yes will be happy when this is all over one way or another,maybe I can retire early or know if I have to carry on working,but after 5 years have lost interest in it all now,thinking what could of happened if all this saga never started
Will be good to get the sorry saga over the line one way or the other!
Thankyou looed who ever you are for the continued updates
I should have added that the MoU will have terms and associated dates that must be met. Some of the ongoing actions also have dates that must be met (i.e. part-payments in the Mourant settlement) or docket dates that need to be actioned. The number of spinning plates are getting less and less. Thats why I say i finish line of sorts is in sight.
Ahh but, who can see the finish line? Mr. Magoo or the James Webb telescope?
All will be revealed in good time (sorry Arzenal lol)
Thanks Looed. That’s a much more detailed and comprehensive response than my cheeky message deserved. I very much appreciate your (and the company’s) efforts. Let’s hope their efforts prove to be successful.
WHamBoy – I wish they would say more about the behind-the-scenes efforts they have taken / are ongoing but they see silence as the winning strategy and see no need to change at this late stage. I think that’s a real shame given what they have achieved.
I know some say the pending litigation is a side-show, but these cases are vital and must be settled in our favor. Hope, YA etc. must be thinking how they can get their mittens on the good stuff and we should thank the GOGC etc. who, despite all the odds, have not only stood with the company but also seem to have given the Cayman lot time to exhaust all options (and money?) without success in trying to get the asset, at least so far . And then to turn round and extent the olive branch to FRUS and validate the position the company has held for years regarding the assignment. That is lobby money well spent and relationship building at its finest.
Still, the legal wheels must grind on to their own tune save any deal or capitulation.
We will only know our fate for sure when it’s finally spelt out in black & white (as they promise they will do) and when the MoU becomes something tangible.
I know people focused on the second part of the last message I shared, but it’s the first part that is the most important.
That turned into a ramble and I haven’t really answered your question about being confident. I would say I agree with their last message. Confident yes, but still some housekeeping to attend to. The good news is they ain't letting up now, but I do believe the finish line is now in sight.
That sounded almost upbeat Looed😀👍🏻
Are you feeling confident all of a sudden?
Thanks Looed. It's hope that kills you, but I am hoping BIG TIME. Great to tune in and see all the old names . If we get through this then we need to have a big p!55 up so we can have a big hug and cry. best wishes to all and thanks for keeping the board going. Some proper resilient heroes on this board!!
AussieBattler - compared to where we were, you can now breathe a little bit.
Interesting! Thanks for sharing, Looed. For a while I had completely forgotten about the £**,****s of money I have lost here. It would be nice to see a comeback here but not holding my breath!
Lol,linandy. Ok, lets have another decade in Moldova and take me up to my eighties 🤣. The last 12 years in here has been a whiz 😁
On about the Pudster, yes I believe he's still grafting away every day darn sarf.
Would have thought you’d been looking forward to the next installment of Moldova coggy have you lost your sense of adventure?
Hope you are keeping well, do you hear from the south coast fencer now who’s grammar wasn’t too great !!!!!!!
Are determined to catch Mapp who has been chased by the
Financial Mafia since she inherited and must have been on a Super Sucker
List which is in circulation. FCA should be concerned but seems to take the
view that suckers are needed to keep the party going.
INJURYLAWYER 4U may clear the air. Mapp is waking up.
As of May 2021 =
FIC (Cayman) - FROC (Cayman) - FR SRL (Moldova)
The Moldovan concession sits under -
FRIC (Texas) - FRE SRL (Moldova)
Ahhh Moldova. There must be 40 years of their 50 year agreement left to run? I could have drilled deeper in the last 10 years with my De Walt.
WHamBoy,
Was it not established for Moldova?
I have a link to the diagram if it’s worth looking at again?
WHB …yes thats my take on it also , but like yourself I cannot recall what FROC covered.
Presumably Ziggyzag this is good news. On the face of it, they have saved the version of FRR that holds the assets (FRC) and jettisoned the part they no longer value (FROC). I remember from a long time ago seeing the corporate diagrams of how all these frontera companies joined together but I can’t recall what FROC did. Anyone with a better memory than me?
Will Frontera resources Corporation prove otherwise.
This time shall pass. Quote: Winston Churchill
I still place my hat on this to say the last 4 years have all been a delay tactic so no peasants revolt.
On the Caymans proposed company strike off list early last month we saw Frontera Resources Corporation and Frontera Resources Overseas Corporation listed .
The Co via Looed said it was an admin oversight
This weeks Gazette incudes a section headed
Struck-off List
THE COMPANIES ACT
(2020 REVISION)
TAKE NOTICE THAT the Registrar of Companies having reasonable cause to believe that the under-mentioned companies are no longer carrying on business or are not in compliance with Section 170 has struck the said companies from the Register as at 31st October 2023, in accordance with the provisions of Section 156 of the Companies Act.
CINDY JEFFERSON-BULGIN
Registrar office
(Listed below from FR onwards to save posting the whole section )
FRBT DIRECTORS LTD.
FRBT TRUSTEES LTD.
FRONTBIO, LTD
FRONTERA RESOURCES OVERSEAS CORPORATION
FRONTIER HEALTHCARE MANAGEMENT LTD.
FUENGOLF LTD.
FUK TAI (CAYMAN) INVESTMENT LIMITED
FULFILLING GROUP LIMITED
FULL SUMMIT LIMITED
FUNCTION (CAYMAN ISLAND) HOLDING
CORPORATION
FUXIN TECHNOLOGY CO., LTD
FVI LTD
I contacted the pipe supply company who confirmed they worked in Georgia some time ago supplying pipeline.
I won't contact Dustin here as he would not be able to disclose any specifics i would assume anyway. Feel free otherwise.
Have you tried?