Member Info for CF73

Zeps, they are delisting. It ain't over. A lot to still play for. Stick with it!

Chin me ol mucker Stesaxman, this will come good,

...the shorting scrotii are coming to be carping their pantaloons!

With you on that regdik.

Only thing now is, where do we all post?

Looking at the court case and the turmoil, you we might imagine how hard it was going to be secure a NOMADm including all the DD.

If the court case made that DD difficult - because it was difficult disclose everything in order to establish confidence in a NOMAD - then FRR were perhaps between a rock and a hard place.

From what I have picked up, I continue to trust the team and believe they're what's in the interest of shareholders - at least over the medium term (over the short term, not great as that would involve Shareholders having the ability to decide for themselves, including the option of being to trade their way out, if they chose).

I see the company now free to be able to deal with the court case without their position being weakened by time issues and by market and shareholder pressures.

spike, the RNS was blunt. Understandably, there is no immediate positive spin the company could put on it. They are delisting.

I ain't pleased about this. But I guess I remain of the view that trading again was disadvantageous at this moment and running around trying to secure a NOMAD was using up valuable energy, especially since they are not looking to raise funds via equity.

Critically, we still own our shares - we remain the shareholders. In a month or two, I think things will become clearer.

"The Company will continue to update its shareholders via its website: www.fronteraresources.com and via RNS Reach."

We remain shareholders. In the meantime, the company is not under pressure to return to trading and to deal with market regs while it tries to fight this case.

Teh most important part is that they are left to fight the case. It could drag on. But they have to be able to see it through, whatever it takes. They will be able to relist at a future time when all of this settled. If they expect to hold out as long it takes (to see through the case), then in a sense they had no choice. The case is a monster and they have to be completely free to fight it.

I think blackoil shouldn't be investing on AIM. His mental and emotional constitution isn't able to take it.

Futla, thanks for that. Companies do come back from delisting. Each individual situation is different. Have confidence we will come back.

With posts like today's, good job we're suspended

Except Juste, my response deals with the idea that because there is chaos in Zim, nothing will happen with PREM over RHA:. My arguement being that that chaos in Zim emanates out of the economic and social insecurity that most citizens suffer daily -- and that companies like PREM can make a genuine difference through the jobs they create and the ways in whch that enables other industries and sectors to grow, in turn creating a thriving wider economy. Something I'm sure most policiticians are acutely aware of.

Even if we de-list, we continue to keep our shares. Yes, those who have shares in their ISA will see those shares no longer tax exempt. But that is a small price to pay in the bigger scheme, which is to make sure we succeed in this case and keep all of our shares, and in turn see their value rise in due course

We also have to accept that ZM and SN know what is going on and their ‘moves’ or ‘non-moves’ are based upon that knowledge. If indeed they were in a strong position and it was just a matter of time and nothing else (to see the case though), then remaining suspended and even delisting would be the most sensible option. This is because, and a few of us have said on many occasions, trading under this pressure would see the SP hammered, particularly if there was no possibility for the FRR team to relay to us they were in a positive position in terms of the case. Most of us would accept they couldn’t tell us anything in the event it jeopardised the case. If we were to trade again, too early, the result in the interim would be beleaguered PIs bombarding the company with requests that they need to do something quick to save the SP. If FRR were indeed in a strong position and just needed time, then you can imagine the last thing needed was an SP smashed to smithereens causing PIs to draw their attention away from a) the case and b) work in the field.

I would add that continue to believe that ZM and SN are aligned with us (I know there are some issues but I can forgive them for these); and that they are working at this moment towards an endgame that is aligned with us.

This said, if we are to pass the date in question without a NOMAD, then I would expect an RNS. But if none came, I could live with that. I think we – FRR – need to show OMF/ Hope that we will see this through, however long it takes.

Good luck to all the genuine folks here!

Its chaotic all over the world but the world keeps turnng. That chaos can only be brought to an end if, most fundamentaly, they are able to comfort and secuirty to their citizens. That means esuring people have jobs so they can feed the family and keep them in a home, warm etc.

This is what PREM and the wider mining industry can enable Zimbabwe to do.

Got no problem at what price they pick the shares up. The main thing for now is getting the process around RHA concluded and current cost cutting. We know discussion around the cash injection are genuine. And they've cut costs to the bone. We're not far from an update, in my view.

RNS will be released at a time deemed appropriate. That means when proceedings have reached a point of sufficient finality. Judgement could have been made but there are potentially things that need sorting before they return to the market with news. There's also the issue of the time taken to write RNSs and check with partners and NOMAD. On this occasion, don't have a NOMAD and are arranging one -- so we can see why not so simple or easy to release news

Awax, are speculating or do know something?

My previous response was reasonable enough thanks,

Thanks for that tedoby, much appreciated!

You're just overbaking your case Moljen.

Given your usual narrative of PREM staff living the life of Riley on their PREM wages, interesting you have nothing to say about staff are making such sacrifices.

Also, could just imagine an RNS coming out saying all the things you're saying should be in it, and then you moaning that it was a nothing RNS and they shouldn't have bothered haha :D

Wages have been cut - in fact, I know some staff have agreed to not receive their wages in the interim, this includes Fuad. They've cut costs such that the money they had till December is able to be keep them gong for now, notwithstanding the have avenues for raising funds. But we've gone over this already.