Member Info for Lubumbashi

We were advised in July that the repayment option was at FRR's choice, first cash but it could be shares. And a cash payment was made in July. I think that the problem lies with the notice of payment, is it FRR's responsibility to advise YA that it will be repaying in cash or shares, or is it YA's responsibility to advise FRR that a payment is due and wait for FRR to decide how it will pay. Whichever way I think someone screwed up and didn't issue the notice which meant no payment was made a possible default situation arose. YA then protected its interests by following the default clauses which includes pre-selling shares it would expect to receive. At the end of it I think we will see them revert to the original agreement plus an interest amount for the late payment of the August and September installments.

I prefer option 6, that way we we will get full benefit of the massive resources available on a reasonable time scale.

I wonder if too many people are starting to ask questions about it. Or maybe he just hasn't got to the office yet.

I am now even more convinced that the 15m is some form of manipulation. Why would a seller post a trade and then cancel it and sell for less as happened this morning? Something stinks...

TSBS, a lot of deals are based on the weighted average price of the shares over an agreed period. If you were looking for a bargain you could come to an arrangement with an MM to keep the price as low as possible until terms were agreed. No shares need to change hands, they just go back and forth looking like sells.

I think that the 15 mill is the same person who was responsible for the cancelled trades. After pressure was brought on him following all of our complaints to the various authorities Mr Cleverclogs has found another, more legal, way of holding the price down.

On the same theme: Shortest sentence in the Englisg language: "I am." And the longest: "I do"

Dirk, I have just been going through my research notes of the past 4 years, killing a very slow Sunday and trying to find a reason not to top up tomorrow (failed). I have always maintained that FRR is a long-term hold for me and once again, looking at the numbers, I cannot see anything else unless there is a complete buy-out. Any form of joint venture will provide a dividend stream for years to come, all Zaza, SN and the rest of us will have to do is sit back and watch someone else do the work. I don't see a total buyout because the valuation, even before Zone 19, would be extremely difficult to determine. And as you say, it is way too big for FRR to go it alone. GLA

1. Watch test cricket live in all the test playing nations 2. Run the Fire and Ice Ultra 3. Go to Antarctica to see the penguins 4. Do a birding tour to Costa Rica 5. Instal an 'idiot-proof' home computer system

Haha. Seems to go down pretty quickly but takes ages to get back up again

And our market cap is less than £60m - laughable really.

Zaza mentioned in one of his recent podcasts that a new CPR would be needed after successfully bringing Zone 19 into play. Can a CPR be issued whilst the NDAs are in place?

Nice buys going through, maybe we will get a Frrally.

And now the MMS drop the offer price to make it look like the price is going down, meanwhile not a lot has actually happened.

That might be what's showing but I can buy at .37, which if I did would be reported as a sell. Don't you just love the MMS.

YA must have been paid cash last month, as previously stated by Zaza, otherwise it would have been mentioned in the RNS. Nice to know FRR is generating a good cash flow and can meet its commitments.

Still 45minutes of trading. Let's see what the MMS have in store.

It is hard to categorise a large trade as they are usually negotiated rather than transacted at the market rate.

Come on FRR

What does a smelly face look like? :)