The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks Looed...this would appear to be pretty significant news imo!!
Not sure where my head is at these days. If it wasn't for the ZM v SN court cases I'd be alot more positive. I get ZM standing down for some sort of peace offering for negotiations but if there was some sort of deal why would they be at each others throats and taking each other to court?!
'increased their share' would indicate swapping cash owed for shares in the new company/JV. picking at the crumbs here but if true would be huge. Probably no other option but why would outrider do this if there wasn't serious backing and/or proven assets on the books.
...and back to the bottom of the rollercoaster we go!
really doesn't make for good reading at all! why would any country, SMs etc get involved in this mess! but then why are we still about having spent $500M+, $500K+ on lobbying over past 2 years. Maybe we do have the data that's worth $Bs, why bothering bringing in a new board, maybe we're a front for in geopolitical transformation. Who the f**8 knows!! With FRR's track record i can't see them just raising money to try again. if they are to survive it would need to be under a JV/buyout.
Please just put us out our misery either way!
Longtime no speak B-2-0. Is it a M or an A?? And can you say with confidence that we as shareholders will be part of this? Thanks
Plenty of proof that frontera is about to come into alot of money and the court cases are just a way of registering their intent to make sure they get paid. If it was about to go under they wouldn't be bothering wasting legal fees!! Feel optimistic!!
We can dream but if the assets are what they are said to be then this would be an absolute steal for a SM!!
Be nice to hear from a few more in the know. Some of the big investors must know the situation and could throw us a bone or two!!
Great to see Dustin. My initial thought was this means there cant be a straight buy out but on second thought as with all acquisitions you need the team with the knowledge to be retained by the buyer for a certain period. Dustin has the knowledge so makes sense. Good news either way!!!
All pointless cos they won't get the knowledge or data...
why go to the both of replying if this was going belly up! Looks like things are advancing in the background. Offering to come back with advice on how to get share certs is interesting as it would appear they have every intention of staying private and hopeful being sold!! Here's hoping so we can move on from this saga!!
are we doing this just to be put on a mailer for communication or are we doing this to verify our shareholding for something bigger?
Indeed, nice to see mention of shareholders and i can entirely understand why the word has been sparingly used. Shareholders has the connotation of soley out to make money so can understand why we haven't been at the forefront of conversations. That and any communication to shareholders can be taken and twisted to suit opponents agenda. First and foremost FRR is playing the Georgia first card and i agree with this approach. The recent snippets help offer a glimmer of hope. Clearly we have backers in high places as we had no money 2 years ago so if we didn't have a chance of success we'd be long gone by now but we ain't so that's good enough for me!! GLA
Any chance of a pickmeup from one of supposed insiders!!! Usually optimistic but not seeing any light at the end of the tunnel here!
Haha me too whamboy whether it true or not has kept the light glimmering for me. GLA
well i'm a B-2-0 believer and his give it a couple of weeks comment ties in with a deal perhaps. Zaza gone and now under NDA. Wonder if there is a purdah period in Georgia for deals prior to election. Perhaps we'll hear news before end of Sept?! GD will want to go to town on signing up some big SMs before the election and with Zaza under NDA (imo) they'll be seen to take all the credit!
Very valid point scripts. Any mention of shareholders or indeed communication to shareholders only draws attention to the fact if things go our way zaza (and many non georgian nationals) stand to make a tonne of money. Not the kind of attention you want when you're in negotiations!!
is there something happening on the 1st we should be aware of? signing of the $10B deal? lol
Perhaps a good sign! Been quiet on the interview front too!!! Maybe they are in negotiations...
this stood out!
"But as it works in the global industry, when a company drills, does testing, puts in results, then goes to a third independent party. This third independent party is the 2 largest American companies in the world that came, checked this data for 1.5-2 years and confirmed to us that there really is an opportunity to extract 350 billion cubic meters of gas."
you couldn't make this up. with the world falling apart with covid-19 and US rioting, Frontera not only make the news but headline it lol
Tsbs1...i always come back to this question and think why are they jeopardising the relationship but if b20 is to be believed they don't need a relationship. Yes they went 50:50 into a new company but the FRR share has been transferred (for alot of money I hope) to an investor or SM. Perhaps Zaza wants the joint statement to announce this but GG want to politicise it and zaza won't lie down and see the reputation of frr and him tarnished. Perhaps as it has been mentioned he's lining himself up for politics and GG are aware of this threat. Who knows...lot of doubts and wish B20 would come clean