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"Bye bye Murad Saidov the world is a better place today."
Whats that got to do with FRR?
Well said Looed.
I think that is the most erudite and comprehensive message for a very long time and sets out the situation the company is mired in very well. Key take-away is that the company is fighting a lengthy legal battle to, presumably, return to where it was prior to this situation manifesting.
Clearly what happened did not happen overnight and there had to be much collusion and discussions between the perpetrators which is the reason its taking so long to unravel. Little wonder the need for secrecy and silence; in such matters, trust no one and i cannot and do not blame them.
Irrespective of the frustrations, we can only sit back, watch and wait. One day it will be over, but its closer every day. When that time comes I truly hope it includes a return to the LSE and we can all breathe a massive sigh of relief.
Let us let those that know what they are doing, do that, and put our trust in them that they do the right thing.
about time the lid was lifted a little further on this sorry saga. Perhaps it will give more of an insight and an idea of where its all going.
Good to know OMF are chasing 500,000,000 shares. Now, if they were £1 each, what a lovely thought!
But its also testament to the value of the company that they are prepared to chase shares and not money....
I fail to see how they arrive at that figure. The price has been steady at 1.7p for the last few days and any buys not exceeded 1.8p. The value quoted makes the shares worth 1.86p which was last achieved mid October.
If a number of members email the company it will clearly bring to their attention the frustrations of shareholders and that, despite our patience, tested over some years now with little to no communication, we are still here and on their side.
All it would take is a simple response, acknowledging our relevance and importance to them, with a reassurance that they are doing something tangible to ensure survivability. It does not need inside information or anything that gives false hope, but at the very least, a comment that they are aware of us and doing whatever they can to rectify the situation with a view to returning to market will keep us quiet.
With luck that will end in a quid pro quo and both cases quietly go away.
If there are no further legal cases and the current ones are in the main 'academic', there is no reason why the company cannot expedite things now, recommence and re-list. After all, given the situation unfolding in Ukraine and the increase in hostilities today from russia, it's becoming more pressing that alternative supplies be introduced. That alone will have a 2-fold impact; no further dependence on russia and turning the focus towards a EU friendly supplier.
It's almost becoming a 'no brainer' situation where it's a win win situation.
Begs the question: What is delaying things?
Why are you expecting a rise??
The company confirms completion of a hole. Nothing more. Results will come later, along with any rise or fall. They've been here before too, shiny christmas trees and water....
At least this time they are being more cautious and tempering the delivery with realism.
From experience legal action takes an inordinate amount of time and money as we are discovering here. Not least in Frontera's case give the number of international boundaries and complexities involved. So I am not in the least surprised at the time this is taking to unravel a large can of worms, no matter how frustrating.
The key take away for me though, as others mention, is that the lights are still on, be they flickering or otherwise. There are forces that obviously want the company to survive and there are comments to that effect recently published from reputable sources. That alone gives me something to believe in and faith that one day we will see a return to market.
In parallel, given the disaster unfolding in Russia and the potential this could very well turn into another revolution it should inspire Georgia to seize the opportunity and expedite processes here, particularly if the figures provided are/were true. Some suggested there is an equivalent amount of gas to the Shah Deniz (https://www.bp.com/en_az/azerbaijan/home/who-we-are/operationsprojects/shahdeniz.html) which is under the ocean, whereas this is land based.
This is rapidly becoming an opportunity going begging and the Georgian government should seek to move all obstacles now to allow frontera re-continued operations creating prosperity for the country while Russia slips into the worst recession seen for years.
It's going to take Russia years to recover from this disastrous 3 day special operation, now in its 215 day and even its own population are beginning to question the action, so this is a fantastic opportunity going begging here now. Georgia needs to remove all obstacles for Frontera and allow a rapid return to operations and increased production to allow itself to increase and improve its profile while the opportunity exists.
Interesting they attach video messages to these releases which allows a closer connection and a view of operations, but these fail to really achieve or convince anything beyond the facts detailed in the report. Showing a christmas tree is nothing special and they need to prove the words with tangible results.
I cannot see this RNS or the associated video having any impact on the share price in the short term, only good result will achieve that given the history.
For those wishing to see 30 secs of narrative: https://vimeo.com/753594911/2f723cd3b8
At least it confirms progress, but progress towards what? The cynical amongst us here will be along shortly...
"First bought these at 0.85 now 2p"
The residential attention seeker pops up here then. Such acumen, buying at the lowest price possible and only now telling everyone about it, yet first post on BLOE All worship the Earl....
Quiet on here now without the russian mouthpiece maxcady, but as its becoming quite clear the 'special operation' has turned into a rout of a poorly trained, ill informed and badly led force, perhaps we can turn the focus towards the future for Frontera.
That russia has been exposed as being so weak and ineffective should encourage bordering states to be more emboldened and confident to undertake business with the West knowing their neighbour is practically no longer able to do anything about it. All russia has left is restricting of resources, but thats to its own detriment too.
Its going to take russia years, if not decades, to recover from putins folly and as for him, I would not be surprised to see his demise in the not too distant future either.
https://www.google.com/finance/quote/BLOE:LON?window=MAX
Google records it as 16.4p