Member Info for Madpunter

You will have to click on indicators, left of the scales and scroll down to EMA X and click. Click on EMA X on the chart, then format to alter the short to 3 and long to 8.

https://uk.investing.com/equities/frontera-resources-corp.-chart
Hopefully this will work. I've only just worked out how to change the EMA cross to the 3 and 8, whereas on lse it was easy to change.

Posted by Devex :-

Great post SB - and the most tick ups I have seen since this dreadful new site appeared. Maybe you are right this time!

I am just going to add that I strongly suspect that operational performance of late has probably been better than we assumed. Why - well quite simply if some form of JV does emerge, and I think it will, then that probably suggests two things.

First the flow rates for 14, 15 and 19 have all held up reasonably well.

Second - the EWTs are about far more than flow rates anyway. They are about informing on the reservoir dynamics and ultimately about enabling a reserve declaration. Or at least enabling a third party to make a very good assessment as to what a reserve declaration might look like.

Anyway, by 4th October I really do think we will see more of the jigsaw pieces in place. What intrigues me is the visit to the LSE on 12th October of the Georgian PM, the new Economy Minister (who heads the Energy Ministry), and the Head of the GOGC. Admittedly their visit is not just about energy, but it has to be a major part of it.

They are not here just for the ride - and other meetings will surely be planned around it. I wonder if a visit to BP HQ is also on the agenda?

We really are on the cusp in my view
My view :-
IMHO the next three weeks are going to be life changing for many holders of FRR.

YA probably still closing shorts. FRR up 4.62%. Not much downside IMHO, but upside based upon a 1% buyout of Block 12 = 98p (unlikely it will get this high, but it shows the potential).

Just looked at the charts again and they don't copy. On the lse chart you have to click on candlestick from the chart type box. On the HL chart, you need the 3 month chart. Then select the EMA50 and EMA20 from the upper indicators and put the mouse on the coloured boxes. Then change the period to 8 and update, and 3 and update. The EMA8 is the T-line and is about to cross the line indicating a buy. The EMA3 is the sell indicator.

Don't forget that the trading has been heavily influenced by the illegal naked shorting by YA, which can't continue, as FRR won't issue any more shares in exchange for preference shares.

Just for clarity, the last line of my previous post is not Devex's post, but my view.

Great post SB - and the most tick ups I have seen since this dreadful new site appeared. Maybe you are right this time!

I am just going to add that I strongly suspect that operational performance of late has probably been better than we assumed. Why - well quite simply if some form of JV does emerge, and I think it will, then that probably suggests two things.

First the flow rates for 14, 15 and 19 have all held up reasonably well.

Second - the EWTs are about far more than flow rates anyway. They are about informing on the reservoir dynamics and ultimately about enabling a reserve declaration. Or at least enabling a third party to make a very good assessment as to what a reserve declaration might look like.

Anyway, by 4th October I really do think we will see more of the jigsaw pieces in place. What intrigues me is the visit to the LSE on 12th October of the Georgian PM, the new Economy Minister (who heads the Energy Ministry), and the Head of the GOGC. Admittedly their visit is not just about energy, but it has to be a major part of it.

They are not here just for the ride - and other meetings will surely be planned around it. I wonder if a visit to BP HQ is also on the agenda?

We really are on the cusp in my view

IMHO the next three weeks are going to be life changing for many holders of FRR.

TillyTish - EWT's timescales appear to have extended due to the two NDA's with two industry majors. + FRR doesn't need to pay YA with shares anymore. = Good flow rates IMHO.

http://www.lse.co.uk/ShareChart.asp?sharechart=FRR&share=frontera_res

Laks - The T-line is looking good on the lse chart. There's also an inverted hammer signaling a one day bullish reversal pattern on the HL chart. The fast stochastics and RSI are both turning up.

http://www.lse.co.uk/ShareChart.asp?sharechart=FRR&share=frontera_res

https://www.hl.co.uk/shares/shares-search-results/f/frontera-resources-corp-ord-usd0.00004/share-charts

emblaze1 - How is it entrapment if YA was naked shorting to try and force FRR into a new deal. YA set the trap for themselves. All FRR did was wait until they had enough proof of what YA has been doing.

StarRage - IMHO they didn't think that FRR would pay in cash, as YA thought they had forced FRR into a new deal. YA was probably naked shorting, resulting in failing to deliver cancellations after their last conversion in April. This was to push FRR into a new agreement, enabling YA to continue forward selling. A new agreement would have been required or settlement in June, therefore, YA just thought it was business as usual.

Devex - Lumbumbashi's explanation of preference shares being like a cheque presented for cashing, but instead of cash YA get ordinary shares (prior to the new agreement), helps explain the dates being all over the place. YA were forward selling to drop the price giving them more shares in the conversion; a greater price than the 10% discount; and a lower market cap. for FRR, which would mean that any possible future loan requires even more shares. YA could present the preference shares at any time in the month and obtain a 10% discount on conversion of the 5 day weighted average price. IMHO the dates varied as they would use TA to check when it was more beneficial for them. If in a particular month the price had dropped a lot and was showing oversold by the middle of the month, they could convert early. They would assume from the TA that traders would buy in expecting a little bounce in the price. Then at the start of the next month, when they start forward selling the traders take their quick 10% or 20% and sell and the drop is even greater. When the new agreement was in place, FRR (this is still IMHO) wasn't going to pay until the end of the month, allowing YA enough rope to hang themselves. YA duly obliged by forward selling as per usual and then presenting the preference shares for conversion. FRR paid by cheque instead of converting preference shares to ordinary shares.

Looking back most were for two days later, but towards the end there were a few cancelled after one day or even later the same day.

Dave73 - I don't think that they were cancelled the same day, there were just many for repetitive amounts, so it just seemed that way.

Dave73 - I have now altered the wording and hope that makes sense.
I have stated that until a more plausible theory comes along I would stick with my share swop theory. I now have another theory, as that there are new facts to add to the situation. IMHO the cancelled trades were YA forward selling shares they didn't have in April, May and early June, to push FRR for another contract before the 16th June deadline. They just continued forward selling via their broker, but the preference shares were not converted by FRR. This resulted in the trades being cancelled when YA failed to deliver on the shares. They continued this until they had a new deal with FRR announced in the 7th June RNS. The redemption of the last convertible shares from the previous agreement took place on the 4th April. As FRR laid a baited trap, they may have possibly even delayed later conversions after the new deal, querying the convertible price, resulting in the occasional cancelled trade after the new deal was agreed. Looking back at my posting history, the trades virtually stopped by the 15th June, but those cancelled after the 7th June could have been due to delays in converting preference shares into ordinary shares by FRR as part of the baited trap.

Dave73 - Whichever way it was done in terms of cancellation, it looks like the trades were from YA and linked with their naked shorting, prior to covering with shares from converted preference shares.

No Zib.

Volume now low and the price is up 6.45%. Looks like all the shorts are now closed and the MM's will walk this up IMHO.

continuation of the previous post:-
The redemption of the last convertible shares from the previous agreement took place on the 4th April. As FRR laid a baited trap, they may have possibly even delayed later conversions after the new deal, querying the convertible price, resulting in the occasional cancelled trade after the new deal was agreed. Looking back at my posting history, the trades virtually stopped by the 15th June, but those cancelled after the 7th June could have been due to delays in converting preference shares into ordinary shares by FRR as part of the baited trap.