Member Info for jackpack

I would not be surprised if a certain member of the georgian dream party would bite your hand off at .5 to 1p a share however
I think realistically somewhere between 3 p and 5p would be acceptable to most shareholders. But with all the negative posts in these uncertain times how many would take .5 to 1p just to get some thing back and is that the reason for all the negative posts. Are there a small group of people in georgia doing this with that outcome in mind.

Just read a post by devex on the other board wondering why all the posts on this board. I can think of only one answer . That is it has been realized by certain people in georgia that most shareholders watch this board for up to date developments and communicate with each other through the board - eventually they have realized that they are going to have to make a direct offer to shareholders for frr its one way the georgian dream party by buying frr direct from share holders can go some way to avoid US sanctions and make themselves look good.

Hi crusty
Yes very well thanks.

I think there is more to this than meets the eye. Is it that now the licence extension is basically agreed that the asset can now be said to be near term and more valueable. Thus now could be a good time to diversify so in future years we are not so reliant on one country for our income - it could be said to be simply good business practice. Also with $7000000 due from tanz authorities surly this will solve any cash flow requirements near term.

Hi everybody - my take on the interview is that talks are going on in the back ground with an additional potential partner and they thought they should give shareholders the heads up, other wise what was the point of the interview. Could be good for aminex have to wait and see.
crusty hope you and mouse are keeping well in these uncertain times

I wonder if a very low offer of say 1p per share or less were suddenly to appear how many would accept and has this been the plan since we had to delist a very low cost takeover. A suggestion I have made in previous posts.

I think 1p is just over 100 million share cap with 3p which i think realistically is what we should get just under 400 million approx but of course we would need to know exact number of shares in issue to be sure. I do think these sort of amounts are what a sale would produce possibly with a small percentage of the field retained as future income.
I do think we have retained the whole of tarabani which is subject to production licence and extension to 2027 which i think is why GG said almost 99% not 99% or 100%.

Flakey 5185 could this be the reason for all the lobbying from senators to let GG know what problems there is going to be with US if a fair and reasonable conclusion for all parties is not reached

Could the reason for frr removal of counter claim be that they are in the process of coming to a deal which could have a bearing on the ongoing US cases which is the reason for no comment from BOD. The production licence from memory has an extra five years to run from 2022 to 2027 which is a long time GG to have wait to get their hands on it.
Having said that I feel that if we don't have some sort of response from our BOD within a reasonable length of time it may be time for us all to start sending emails to the commercial attache at UK embassy in the US to ask if they can contact the senators who frr paid to lobby for them . I think that should get us some answers If necessary But I think we need the advice and views of TOT and oopsi and others before we bombard the attache.

Just been for a walk and it comes to my mind various clues that when you start to put them together it gives a picture of what is really happening.
1. lawyers from both sides in court cases in US talking to one another and involved in negotiations,
2. zaza and steve involved with lobbying US senators and spending quite a large sum of our money doing it much to annoyance of GG.
3. Putting in bids for licences in other countries and taking legal action when they don't succeed .
4. Zaza saying in an interview that the only thing left to be agreed with GG is length of extension for production licence as 5 years is too short for a super major to see a return.
To me these clues start to show a picture of a deal possible cash plus share of income from our share of block 12. As the cash element is going to be hundreds of millions this would give ample capital to go and develop licences in other countries. Not sure if the intention will be to relist as whilst zaza would like to teach shorters a lesson and give them pain, why relist when with the sale all our capital requirements will be taken care of.
Having said that like most people after everything that has happened I would like frontera sold and a return - but it may not be up to us as we have some large shareholders who will decide .

Further to my last post will frr have to wait for GG election which I seem to think are later in the year or will they come to an agreement with frr possible brokered by friends in the US over production and retention of part or all the explorn area.

Zaza said in a recent interview that a deal with a supermajor would depend on negotiations to extend the length of the 5 year extension to the production licence as this was too short for a supermajor to see a return. Thus may not be sensible for him to comment until this is agreed. Given the state of the oil and gas industry in georgia now I if GG would have gone to arbitration . Looked at from a different point will they still want to take all the area back and will the current market situation make them more likely to come to agreement over a production licence extension.

First point can anybody remember was this about the whole block or just part of it. Second point can B OD pass any comment without prejudice of on going US court cases . Although I think if we do not hear anything directly or indirectly we are at the point where we need a shareholders group talking to them with if necessary legal representation. I still think on re reading the GG article it is too biased and more meant for local media consumption.

Surly arbitration decision must be posted in full somewhere else as this seems an edited version and the full version may give a more balanced view. It all seems too much of an out right win than a negotiation to come to a fair conclusion for both parties which is what arbitration is about. After all are we not coming up to election time !

Whamboy I think you are right read some of my earlier posts!! at last known price of approx .285 I seem to remember we had market cap of approx 45 million. Thus if we got 500 million its approx 3p per share which with the right person or company fighting on our behalf on some sort of percentage basis is what we ought to get. Hopefully though our directors are fighting on our behalf after all they do own a large number of shares themselves, but they are not talking to us and its time they were taking to shareholders. If the directors sold frr I don't think shareholders would object to certain large shareholder directors buying some of the other not yet developed licences at a nominal price. At very least at a bargan price frr must be worth 100 or 200 million which is either approx .6 per share or 1.2p per share. I am wondering if we need an active shareholder type of person with a track record fighting our corner for shareholder on some sort of percentage

My post 'Know The Trolls' 27th Jan may have in part have been more relevant than I thought. Over the next few months I think most shareholders like me think things will come to a head . My points for discussion for which I would like to have everybody's views are;
1. FRR stays private Zaza does not have the oversight of a nomad to contend with (as said by investors chronicle last year cheap money available without needing to be on aim thus number of companies on aim reducing year on year). However given how we are led to believe that hope and omf would like to exchange debt for shares which I feel tells me frr are going to survive . would Zaza run the risk of a offer from hope and or others which a lot of shareholders would accept 2p or 3p per share would only cost them say 200 or 300 million which is not a lot to pay for an asset such as frr share of B12. and as a private company not much price competition.

2. We relist would this not make a deal with a super major such as BP easier. ( Any super major also would not want to do a deal where FRR shareholders were mistreated as it would not look good for their reputation not least their AGM when we all turn up to protest think of the newspaper headlines ! and there are only a hand full of super majors with the knowledge and expertise to develop B12 which puts would be predators who would like to bring Frr down between a rock and a hard place. Would a relist not offer a level of protection from a hostile takeover bid as any takeover bid have to contend with price competition from the market.
I look forward to reading everybodies views

Listening to the presentation i more and more think the drill will go ahead Q2 and the shares by then will be just under 1p

If you remember back in October I posted about a Sunday Times article saying that top secret firm Palantir were working with BP on matters of a top secret nature, I think we are starting to see why.
Lets go back to how we found out about the arbitration was it not from TW and the prophets of doom almost regarded as the messiah by shorters. At the time many people on the boards thought the information came from HOPE yes possible but what if it came from another source ie those who started the arbitration or some high worth individual or group of individuals who have an idea of the real worth of the block and would like to get it. Question is how would they get it and at a reasonable cost without upsetting the share holder and the US - well by doing what has happened so far would be a good start. They would wont as many shareholders as possible to be so depressed by frr to think that frr was a no hope case thus either not going to cause a fuss if it eventually went to the wall or be glad to accept a low price offer, thus computer trolls on each board relentless stating negative information then ask yourself does it really make it worth it to them. YES if every penny per share equates to 100 million then say 3p per share is 300 million as compared to no trolls and no relentless negative posts would the share price be at least 10p per share thus difficult to buy frr and costing at least a billion. Starting to see a different picture yet. Are all the negative posters really shorters ( some say the shorters have already been paid so why post) or are some if not all really engaged in a dis information strategy look at how they have really come out in force since we found out about the US letters, how do we know these posters are even based in the UK and how many posts are from the same person using different names. So next time a negative poster appears start asking awkward questions designed to find out some information about them.

I always remember going to AGM whilst the drill was on going and neither Jeremy Asher or any other member of the BOD gave any false hope despite some hard questioning from me. I was one of a very small number of PI's there. I left thinking very honest BOD but time to sell my shares. Thus I think you can rely on Jeremy Asher always telling it as it is.

Anybody besides me wondering if Mr hope has the backing of a certain foreign government and that is why he is able to fight so hard. If so it would answer a lot of questions that have been on my mind for a long time.

IRISHMOUSE

I'am sure Peter would approve of the 15 year old Irish whiskey . They do say the way people live on is through our memories.
Merry Christmas and a happy new year to all aminex holders
Graham