Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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A message of two halves from the company –
First part –
“We have continued to make progress thanks to Mr. Nicandros' leadership and that of our team in our long road back to business that is still in progress. Rest assured that when we are able to share details we will, as we still are addressing remaining legal actions.”
Second part –
“Anyone who choose to communicate with third parties and the Georgian government recognize that they will be held accountable for any damage to our progress/business that results.”
I am not sure what has caused the second part, but based on this type of talk I don’t anticipate any more messaging in the short term.
Thank you Looed.
I must confess that as a holder of a large number of shares in FRR I somewhat take offence at the second part of the (otherwise welcome) communication.
What do they expect when they don't communicate with us?!?!
We have invested huge amounts of our hard earned monies in this Company, keeping them afloat. They do not communicate with us via appropriate channels and, I'm guessing, do not follow proper procedures, in that surely we should be having AGMs and voting on resolutions. They tell us nothing, so it is completely understandable that some of us will try other avenues to find out what on earth they are doing with our Company; the Company we own!
To then issue threats is unacceptable and not ethical imo.
Apologies if this of off the mark, but I am really p***ed off at this statement.
ODR1 - no need to apologize.
Unless you are deliberately causing 'damage to our progress/business' I wouldn't worry about the third party comms.
Some positive news coming out recently, much thanks
Well said ODR1!
Thank you Looed for your efforts to contact the company and also publishing their response.
Good to hear that positive things are happening!
However, as a shareholder, I have every right to ask questions and try to find out what is going on with the company and my own investment. There is nothing illegal in contacting the Georgian Government or third parties working for SAOG or GOGC to ask about information posted on an English language company webpage open to the public, either directly or via social media. If they wish to issue threats to UK based investors then it must mean that they're very sensitive to the information contained therein.
My take (for what’s it’s worth) on the company message: First part quite reassuring that ‘progress continues under the leadership of Mr Nicandros’. Two takeaways for me are Steve very actively involved in the untangling of this legal mess (leading from the front) and secondly some genuine progress is being made with the Georgians. Perhaps the GG now realize that the invasion by the Russians will have a long lasting impact with the International community and it will take many years (if not decades) to repair, so are now starting to realign themselves to the West.
Second part is alarming. Clearly dark forces still at work, which I also remember caused havoc during the Texan Injunction case against ZM. Personally, I don’t think any shareholder would be silly enough to think that getting in touch with the GG could be beneficial for FRC or his personal wealth. Having said that , there are many who over-invested (like me) and who maybe are close to forever departing this world and therefore are desperate to get some kind of closure here. And if you wanted to be empathetic to their mental health, you could argue that FRC/Nicandros could do a little more in terms of direct comms. Anyway, I really don’t think there are any retail shareholders (if any) that would do this, and this may be this is an encrypted message for other big shareholders like ZM to back off!
Anyway, thanks for the update.
MontiBurns – yes, that is the meaning of the second part of the message. They are saying that they will not stand by and allow rogue elements to derail efforts to date. That’s why it’s a message of two halves – one half is an update, and one half is an assertion to enemies who seek to do harm to the company. After all, it was a shareholder who tried to steal the company from under us. I think we would want and expect the company to robustly defend its position against a “ZM” type attack or any action by any party that tries to purposely weaken the company.
Looed, many thanks, to all our real holders, understandable your reactions are to this comment, but myself, its 100% right what MontiBurns is saying, this is aimed at a very likely ZM, he does after all hold a very large amount of shares unless I have missed some important info down the years stating otherwise? Who would out of us real holders honestly try and do otherwise? Ask questions on progress, standings yes but not anything else surely, can only be a warning to him, again after years of reading this board, we know some person’s are not holders and try to upset this fantastic lse board.
As always and as much as it probably drives everyone crazy, keep the faith folks, our leader Steve fights for us, this comes good, my god, every mm will be all over this, who honestly wouldn’t want to invest then in a company with a leader who fights for his share holders?
A personal message from myself to Steve, if you read this board, don’t for one second look down upon any comments from real holders here, we have all been through it, frustration, anger and doubts, you would be exactly the same yourself if the shoe was on your foot! But I have faith in you , that you are doing the right thing by us, hopefully we are “ALL” still around to see this come good 🙏 come on Steve, be our santa please.
Ziggy , just for you
All things bright and beautiful
All companies great and small
Are we seeing evidence
Of ZN taking a….fall?
Each court case that has….opened
Our leader battled with sting!
He showed them his glowing colours
He knocked ZN out the ring
All things bright and beautiful
All companies great and small
Are we seeing evidence
Of this coming good after all?
All things bright and beautiful
Twas our lord GOD who made us all🙏
Keep the faith folks, light is getting brighter in our very dark tunnel
ODR1 - sorry I couldn't reply to you in more detail earlier. There is no issue with people researching with good intent given the lack of comms from their side. What they are saying is any outreach that is made with the sole intent of damaging the company will not be tolerated.
If you write to, let's say the GOGC, and say "HI, ODR1 here and I am a shareholder in Company ABC. I gather you recently concluded a deal with Company ABC and would like to know if you can provide me with more information as the company are not replying to my requests for info" then that is fine as there is no harm or ill will meant by your message, you are seeking information that Company ABC has failed to provide to you and you feel forced to explore other sources of information. Which sounds like what you are already doing and they haven't tried to stop you.
Now if your message actually read "Hi, ODR1 here and I am a shareholder in Company ABC. I gather you recently concluded a deal with Company ABC and would like you to know what a bunch of lying, thieving, gangsters they truly are and hope you cancel the deal and lock them up" well that might get you noticed. You are now sending threats and attacking a partner of the GOGC and they might feel the need to bounce your email / threat to Company ABC who might decide you need some disciplining.
If they were so concerned about "sleuthing" they would have shut us down a long time ago. They know this is "news central" for FRC news and that, as MontiBurns said, dark forces are still at work. They are the target.
How come the ‘dark force’ that is the portly ex CEO that is Zaza can still be threat, wasn’t he facing criminal charges? Bloody crook should be banged up by now.
Seisprocessor - apologies, I meant to include your name in my reply to ODR1
Well done sleuths
I find it appalling the company issuing the second part of their message. The company has practically been damaged beyond repair by the incompetent actions of those who have run the company including nicandros. Further more it was the actions of some fantastic people on this board that stopped zaza in him tracks
quite unbelievable really
on a lighter note cant believe coggy was only going to take one night to get to grips with ODR accounts post 😂😂 no chance
Well what an interesting weekend! Many thanks to all contributing which has resulted in further communication from frr.
Regarding the message I take heart from the first part in the fact that they do address us shareholders directly. As for the second part I think that having taken their eye off the ball once resulting in the mess frr got into they are now trying to keep things as tight as possible.
It is a tightrope walk they are on regarding the politics etc. of the region concerned.
I wondered how long it would be before the Carlisle contingent read the news. They're always a day behind up there.
In the interests of balance we had to consult each other first to decide who was ngoing to be Mr Nice and who was going to be Mr Nasty.🙂or☹️
Theres some muppets in this county 🤪😂🙄
I rate this a strong buy at the moment think the mms will be short of stock tomorrow morning so expect a sharp gap up could even be a short squeeze
Coggs You have woken up. How come?
The dog kicked me Dulwich.
Good to see you posting. I believe you had a few libations with the Prodigy the other week? Did he get his hand in his pocket? 😂
Did meet up with the Prod the other week in Westminster. He would only meet me at a sponcored event so the livations were paid for so he did not have to borrow either cash from me and hammered the bar bill He still has not cut the open the slits on his pockets from what looked like a new suit. As ever he was chatting up some Journo. I am also sad to say in very fine form and he even looks healthy- which is most disconcerting. I hate to admit it but it was actually good to see him after his own problems. Ps he is keeping some vary strange company- they even let him into Parliament.
Just as a side issue how are things with you? hope all is all Ok
It looks as though things are moving in the right direction with the Company but still hurdles to jump so no chiken counting yet but as they say" You don't fight over an empty box"
Apogise to others for being off message - Band of Brothers chat!
I only whish the chat was about down the hole pressures etc much more interesting than all this legal stuff important as it is. SN seems to have a legal team who both understand and impliment a stratagy. Sadley I do understand the silence but it is frustrating but there as so many balls in the air with even one or two to our advantage.
Time to make a welcome by the fireside and hunker down for Michaelmas- it will be a while still until the Company is fully back in shape if it gets that far.
Here's a reminder, Dulwichman .... https://www.brrmedia.co.uk/broadcasts/5a6b214716922235d7fd5a28/frontera-resources-operations-update/
Not only for me but others as well. Easy to forget why we invested even if high risk then! Certainly turned out to be high risk investment but for all the the wrong reasons. Sadly it reminds me of one person who will not be named but in general I take Dustin at face value. All i can add it that well tech will have advanced further (the vid is 2018) and its all still there underground.
A good reminder gotreal - thanks-
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!
AussieBattler - compared to where we were, you can now breathe a little bit.
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!!
That sounded almost upbeat Looed😀👍🏻
Are you feeling confident all of a sudden?