Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
BigD... I think your idea of linking up with FOF makes sense. Most LTH are familiar with FOF volunteers - and know them personally through the shareholder meetings. There is a level of trust. I also agree with 5p that now is not the time to antagonise Zaza/Steve as they focus on the BAU and CC in hand. Winning this and securing the NY funding are paramount. Without these milestones secured any amount of pressure from a shareholder group - formal or informal - is useless. I have met Zaza at every shareholder meeting and 'looked him in the eye'. I do trust him and the FRR team to do the right thing for shareholders - as they're shareholders too - and get the business through this big bump in the road.
So, while I could personally add more than 10% to your total I will hold off in order that the BOD have space to take down SH/OMF and secure a path to revenue. If you team up with FOF, I will reconsider. I do applaud your intent, but as a LTH and not in urgent need of cashflow, or trading funds, I'm happy to sit this one out and not exacerbate the situation for the BOD
Duster, i take some relief from the fact that ZM and SN are in the same boat as us when it comes to a BP offer. Thank goodness they converted their CLNs to share at 1p. Theyll want a higher number and thatll do me too. Im not clesr on the implications for shorters if there is a divi or buyout, as they sold someone elses shares who will still expect to see their return on what are still their shares
Just spoken to Hargreaves lansdown re my SIPP. The shares can remain in the SIPP with FRR as a private company. Divis or returns on a buyout would land in your SIPP as normal. You simply cant trade it until a relist... if that happens
thanks
Madp, how do i get to the FRR archive? I wanted to check something out
Good post Pyro. That's how i see it too. Just hope we see the resolution soon!!
Excellent post MP.
CF73, spot on. Great post. Add your comments here to those of Fireflying and i think we're close to the real rationale for why ZM and SN have taken this course of action. WHI are a great shout too to become Nomad, but I'd personally like to see continued suspension until Hope is nailed and funding and/or JV announced... frying the shorters to boot
Marry Christmas all. Codpunk - thanks posting your thoughts. Very sensible and a great perspective. I believe you are spot on - and with everything crossed.
R8, agree with you pov entirely. The more i read the more i respect SN and Zaza for their master stroke. Roll on monday
Bridget, there was a 5m out of the blocks this morning too. There seems to have been an acceleration in these large sells. Offset by some large round number buys.
Yes Frontera tweeted this news report in the Morning Star: LONDON (Alliance News) - Frontera Resources Corp on Thursday said the Grand Court of the Cayman Islands ordered Director Stephen Hope and Outrider Master Fund LP to file their defence statement. In mid-October, the European-focused oil & gas company alleged Hope is in breach of his fiduciary duties as he attempted to deprive the company of assets for his own benefit and for the benefit of Outrider Master Fund. As a result, Frontera Resources and its subsidiary Frontera International Corp filed an action in the Grand Court of the Cayman Islands against Hope and Outrider Master Fund in relation to the loan notes issued by Frontera to the fund in 2016 and due in 2020. The company claims damages against Hope and Outrider Master Fund in the aggregate amount of USD56.3 million. The Grand Court has ordered that Hope and Outrider Master Fund should file their defence to the company's Statement of Claim by December 18. "The company intends to continue to vigorously assert its rights in the Action and will provide further updates as they become available," Frontera Resources said in the statement. Frontera Resources shares were trading 0.5% lower on Thursday at 0.41 pence each. By Evelina Grecenko; evelinagrecenko@alliancenews.com
Hope I'm not tempting fate here in the last few minutes of trading, but this is the first day I can recall for many weeks we've not seen a 5m+ sell. Not holding my breath, but thank fk for that if it is done.
Interesting not to have seen big round number sales of c.5m during this mornings rise. End of days sells yesterday were large and odd numbers. I wonder if this means the pre-agreed sells and vendor share sales referred to by Kickmuck are done. Bodes very well if they are
Phil, spot on. Wealth transfer to the patient, I think. Shed, patience is needed. Mega deals do not get thrown together in a few weeks. With approx 0.3% of shares traded yesterday 99.7% of shares are in very sticky hands. Shouting for news now will make no difference to progress in the discussions with Majors/GG. Unless you’re trying to instil fear and trade of course
So tell me 1onic, what is the market value of 202 TCF of gas?
1onic - so what’s your motivation: long, short, trader?
Ionic: relating to an atom or small group of atoms that has an electrical charge because it has added or lost one or more electrons 1onic, have you lost you little bits and trying to get a lower entry? If you’re a shorter then you lost too many to count an the old grey stuff ain’t working proper. Ffs, very dull and please get a life. Otherwise if you hold then take the gun away from your foot
Zibs, sshhh! Yes I was going to mention that too
Well, so they did tweet the same info about Exxon, on the same day. So, that’s 2 PR departments messing up on the same day, about the same content. It’s pure coincidence FG! However, contrary to what I interpreted before I do accept this could be about raising awareness of majors interest in Georgia O&G, etc. ... so I won’t mention ... nuff been said