Member Info for bigdouble

MM’s pushing the SP lower on anticipation of another extension.

I have gone back to Hargreaves asking them where they obtained the information that Frontera were now not a registered company

Thank you for your recent enquiry regarding your holding in Frontera Resources Corp and for your patience whilst awaiting an answer.

On the 25th of October, it was confirmed to us that clients who did not already have/ receive a share certificate before July 2019 would not be receiving one. This is as Frontera Resources Corp failed to pay the registrars to complete the re-registration process. Subsequently, we are unable to fulfil your request.

Additionally, Frontera Resources Corp has ceased as a registered company and as a result, there has been a cancellation of shares. As a result, we cannot provide you with anything to confirm you once owned this stock.

I trust the above to be in order. Please do not hesitate to contact us if you have any further queries regarding this matter.

Someone rolling over nearly £20k just now

For a company with so many potential projects on the go, I’m surprised we have gone so long without any really positive news. Come on David pull the rabbit out of the hat.

If we get contract closure and settlement on the Aires claim this stock will re rate extremely quickly. Both could happen at any time in the next week.GLA

Can easily see this bagging on Billingham completion.

trimme - the board are never going to say it’s a rubbish deal even if deep down they feel that way. I’m not happy about the value but would rather it progress now as we will then have news on two fronts which will boost the SP.

Not sure we can blame the new board for the price Ritson paid for helium 1, doubt they would have had much say in what value they stuck on the company when merging. At least we now will see some progress in the assets. Not too say, I’m very disappointed with both the low valuation and what the board have achieved to date. Let’s see where the SP is by Easter, I still think 8 - 10p is a possibility. GLA

Just 12 trading days until end of extension. News could drop any day now as unlikely they will take it to deadline if contract finalised.

The good news is, it’s very likely we will still have a 25% interest in Ruvuma when CH-1 is drilled. Share price should substantially increase during the drill period - I estimate 7 - 10p.

https://www.sciroccoenergy.com/#

The one and only thing we had going for us was the collective power of the many shareholders, that have been well and truly shafted. We have not used that power in any shape or form which is a great shame. Zaza probably can’t believe his luck that all frontera shareholders have just sat back and accepted the total lack of communication. Shareholders by now should of had some type of legal representation. We are, between us losing millions, probably tens of millions. A fund should have been set up cover this similar to the translation fund. Unfortunately, there are influencing posters on here that are very against any action and therefore will shout this option down. Sometimes I wonder what their actual motive is. I am not saying we need to, at present take legal action against the board, I’m saying we need to know what our legal position is. Again, certain posters will try and tell us where we stand legally - personally I would rather hear this from an experienced specialised commercial lawyer. By the time we decide this action is necessary, it will probably be far too late. I attempted to set up a shareholder group when we were delisted, but then was told we already had one. In hindsight I should continued with this as at least we would have gone down fighting.

RR - wish I had your belief that Father Christmas was actually real.

Tweedledum and tweedledee posts within a few minutes of each other, once again.

We have spent approx $20 million on Ruvuma since Solo became involved. Would be very disappointing if we sold out for a few more million. I would hope for in excess of £40 million or go to drill.

"This is a great milestone for all the parties involved in Ruvuma as it paves the way for the project to move forward. We welcome APT, as new operator of the Ruvuma PSA, and look forward to hearing their plans at the OCM and working side by side with our partners as we agree next steps. This update has a direct impact on Scirocco's sales process and we can now engage with interested parties with clarity on the structure of the JV and certainty on the near term momentum for this world class asset."

Let’s move the chat over to the new board SCIR

fjones40 - only if you enjoyed watching paint dry. I’m hoping we somehow stay in the game until after the first drill as I can see 10p during that period. Not so sure a sale would bring in either dividend or SP to anywhere near this level.

Good luck to all, should be an interesting 3 months ahead