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As we are in a 50-50 partnership with the GOGC I think they would have all the data too which is not meant to sound negative but will be true.
I’m more confident with each day that passes though.
Zeus ,
I do agree with AIM be being a nightmare , it’s actually a cesspit . I thought I knew what I was doing , went £30k up in a couple of months but sit over £100k down now in three years all on shares that cost a fraction of a penny.
I’m only £13.5 K down here. I used to read the board multiple times a day but since the election in Georgia I have stepped back completely.
My thoughts now are what will be will be. I can wait years if necessary for them to sort this mess out , even if it’s just to get my money back. I don’t want too however it’s better than losing the lot . We still might get a nice surprise one day.
ODR,
This fight hasn't been over us carrying on with our 1% pulling 170 bbs out of the ground a day for the next 7 years. Who would fund that anyway ?
At the risk of sounding like B-20 who i think is FOS by the way i believe the big reveal of a SM and a special dividend is on the way.
Jmo
I can only draw the conclusion that the asset move has been agreed with the GG and now sits in the company Frontera Eastern Georgia.
If anyone has another explaination please share it.
It would have cost next to nothing to keep those companies alive in the Caymans.
Zaza said that work has continued. That was one of the conditions that would block those companies being shut down out there. Zaza has allowed for them to be closed down.
Zaza had been very vocal up until two months ago giving us huge information that he didnt need to do if he was going to screw us over. To suddenly stop and throw in the towel doesn't make any sense unless talks were happening.
We have either been done over behind closed doors since Zaza silence or we are about to hear the big reveal.
If the box was empty this would have gone under years ago.
Starrage.
Every CEO on AIM is full of S..T , thats my experience. If they all told the truth no one would invest in AIM ever
Tsbs,
If Zaza had told us the truth about what had been going on the last 7 years , frozen bank accounts etc we would have been shorted out of business.
He would not have RNSed about the Majors on 3rd September, he would have bailed from the investor evening in October, he would not have RNSed on 31st 0ct about the NDA and continued talks, he would not have told us about Baker Hughes and he would not have given us a financing update on 12th December.
He also had headroom that he didnt use as that would have deleted us further, and him.
I believe he is firmly alligned with us , unless he was the big seller !
Our debt even if it is $100 million is a minute percentage of what the block is worth if the asset is as big as what we have been told.
Mole ,
I think the defaulting of the loan interest was calculated and the the first step in getting Hope off the board who was a Pyrhon slowly squeezing the life out of the company.
If it is Luka its too late anyway as i know he reads everyrhing here.so would have seen your proposed draft letter.
Hi Looed,
Is the reporter from Netgazeti out of interest, Luka ? Probably not but if so be careful.
Hi Looed ,
All i want to hear from Zaza is we are still fighting your corner. I dont need to hear anyrhing sensitive at all, just that we are still on the bus.
I believe thats what the vast majority want to hear. We dont need to hear anything sensitive that will put any deal in jeopardy.
I like the ldea of giving him a week to respond .
PS ... B-20 .... messing with people's minds after many have put thousands and tens of thousands of their hard earned money in FRR is sick. You know nothing and never have. Take up a different sport.
Mole .
You seem to have completely ruled out what Zaza said about the two oil company presidents wanting to come over meet the GD and get cracking. Why would they want to do that or is Zaza lying ?
I asked before but perhaps you didnt see the question.
Just keep the faith ..
Maybe the government want the FRR situation resolved before they announce the election date. As soon as its announced the electorate will become nore engaged in political matters. The GD wont want the arbitration result seen then if they have twisted the facts.
Another thought occured to me. What if when the GD froze the bank accounts they didnt anticipate that it would stop Zaza being able to pay the employees ? Long shot i know.
Mole ,
I suppose everything that has been done good and bad has led us to where we are today. Yes mistakes have been made and the truth has been withheld hopefully for the greater good, i can live with that if this comes good. I also want the georgian people to benefit from this and not just half a dozen people,
i believe Zaza is a good man and wants that too. . The saying goes you have to break some eggs to make an omelette.
If we have a verified 12 Tcf of gas which Zaza states to have been confirmed by two American companies over 1.5 to 2 years we should be ok.
Its coming to an end one way or the other.
Best wishes
Mole
Maybe the only way forward for the company is through regime change. If the horror stories we hear from Zaza are true ie the obstacles put in the way of running the company since 2013 were to continue if the GD were re re elected then it would be all over . We just have to hope Zaza has solid evidence of what he is saying and is waiting for the right time to release it.
I do wonder if he is talking about the shareholders when he talks about stakeholders, any thoughts ?
He does seem to have strong backing from the USA and the opposition parties. Perhaps they have seen the arbitration result and the evidence. I would not be seen to be backing him especially in election year just on his word.
He spoke about 350BCM of gas, 12 TCF , without going into the figures thats worth $10s of Billions and thats just in one area. The Georgians were not just going to let little old FRR walk off with the countries resources. Whatever Zaza has seen so have the GOGC and ultimately the GD. this fight is over something huge !
We all have our own opinions on how Zaza is handling this. No one has been closer to the problems than him. No one knows more than him about what we are fighting for. Like i said earlier someone is backing us financially and that will run into millions since the last fund raise.
Mole ,
I respect what you say. You probably feel more let down than most after the close relationship you had with Zaza. You now know at the very least you were told half truths ! Thats putting it politely.
You said recently you believed Zaza is aligned with us , are you wavering on that point now ?
What would you like Zaza to say to us that we dont already know through the translations ?
It seems to me Zaza is wound up like a coiled spring . Each time he speaks slightly more is given away ie about the Americans Companies in translation that varified the asset in translation 27.
We just have to hope that he is working in out best interests. Thats all we can do.
Mole
I believe Zaza has not spoke to us under legal advice. What could he actually say anyway , we fight on ? Anything he did say could be ripped apart and used against us.
This is a game of high stakes poker that is still going on and will do up until at least the election. Im very happy that he is not showing his cards to us .
Once the election date is known more and more of the evidence Zaza has gathered since 2013 will be released and used for political reasons to influence the electorate.
Why have FRR not counter sued , political reasons that will be revealed when the time is right.
I dont believe YA knew anything. Its what they do. They would not have had an inside track on the arbitration.
The most important thing here is that we are still going. Someone or some entity is funding us and its not out of the goodness of their hearts.
If Zaza had not fought dirty this would have been over by now. He has had to match the GD blow by blow , biding his time gathering evidence. The big reveal is coming .
I think once the election date is released Zaza will start drip feeding the evidence he has been gathering since 2013 against the GD to back up what he has been saying in his interviews these last few months. He knows without the GD out FRR go nowhere and are just left with the drilled producing wells that cant be drilled deeper until the PSA runs out in 2027.