Nice one Star. I am not all surprised by this announcement, I will be if Zaza and SN lose in court though, as I don't think they'd get to this stage with the asset just to throw it all away at the final furlong when they didnt need to. Although most delisted AIM companies don't come back, I do believe that Frontera are not like most companies. God knows how long we'll be in this limbo though.
Can I just add..on a positive front in the face of all adversity...we are no worse off than Block Energy prior to their listing. I.e private company with shareholders. We have an asset similar to theirs but vastly bigger..we have two majors interested, not sure as of now. We have a loan facility ? again not sure? We also have a court case which I believe will be in our favour. I can do very little about anything so will put this in a bottom drawer, sit it out and wait for a money spinning rns from FRR. Good luck you guys pompey
I agree LordLash, with AIM a shorter wildwest, any possitive news and rise on that news would be quickly bashed into the ground to enable shart and CFD targets to be met.
If Block 12 is in reality a prove and recover costs exercise with a Major taking over with FFR given a free carry our share value in limbo may be recovered by a very small dividend and grow the company in Moldovia as a private company. During February we will see if we have any value to grow or not.
Everyone hates being locked in, but yet some people have been here years and not shifted their shares. If this turns out to be the real deal we could be laughing, although we will have to pay taxes now. Being out of the closed opportunity could be gutting. Say eventually we are able to pull out a £15m profit annually, divided by 15.76bn shares. that's 0.1p per share. Seeing we ended on just under 0.3p, based on success of course. We could have our dosh out in a few years. IMO
It's always been about the gas for me, it's low carbon and it where Europe will be driving to. Axe coal and more gas power plants, nuclear is expensive and solar/wind is low output. If we can prove up something and get rid of it and carry on. Way i look at it too Steve Nicandros is 59, i very much imagine he wants to get on with it and get some cash in.