Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's now been over 2 years of pain for shareholders and Zaza has kept saying there is loads of gas and great quality oil in our block he now needs to either do a deal with the Russians e.g Gazprom or get the American companies interested to force the Georgian Government to make a deal. This will allow vast amounts of money back into Georgia for internal investment. I know these old Russian run states like to keep their people under tight control financially but they have an opportunity to lead the way in ex Russian occupied states who can deliver great new benefits to its people by building new schools, hospitals and investing heavily in state run enterprises.
Zaza can help by forcing some action and movement now. IMO they will wait for all the court cases to conclude to hopefully reduce any payments that FRR have to make.
MESSAGE TO ZAZA,
You are messing with peoples hard earned financial investments, pensions and their delayed retirements due to his promises and it has become clear there has been some holding back of critical issues that FRR were going through that may have made people invested less money. I also wonder whether any of those large 5m sales before the delist were friends for Zaza or Steve?.
There may be rules that state you cannot comment until the FDA send out an official response. IMM could say it went really well which would push the sp up and then get told they don't have approval.
Ultra I did not expect one today as I know they would require a written response from the FDA but an update on how they thought it went along with timelines would ha e been nice.
IMO if it was good news we would have had an RNS first thing, you can tell me that Avion did not speak to Imm after their meeting with FDA. I assume Imm would have been in on the meeting. I predict a further meeting with more information being shared by both parties.
If shareholders were to take legal action perhaps it should be against Cairn Financial Advisers LLP who were the Nomad and should have been protecting us. It is now clear they were either negligent or being lied to by the FRR board. Thoughts on this course of action?
Todays RNS on Block Energy just shows you can work and trade in Georgia and i wonder is FRR's problem Zaza?
He's been very vocal over the last 4 months but not to us shareholders.
People should not lat h on to the 30 days it will almost certainly take longer for the FDA to review and decide. That is assuming that IMM and Avion have supplied evidence that participants of P2 and P3 original trials have had no after effects from the drug.
I'm hoping this delay is due to covid and not just weak management by Tim Mc and Avion. What is also disappointing is that we have not had up dates from the loans to Tim's s other companies.
Zaza's Facebook page has been taken down so he is obviously avoiding everyone now.
I would also like to thank Looed for the time and effort it is much appreciated.
Does anyone know whether the JV meeting that Zaza talked about was ever referred to in the letters from the US to Georgian govt? Still too many secrets not yet out and there is no chance of a Georgian Govt whistleblower because that would be a death sentence on their head.
I believe there is an opportunity for the majors to help FRR get a longer PSA extension and a contract in place for the next 20-25 years for gas and oil supplies from Georgia to the rest of the world. We now have the government on the back foot and I believe it would be a mistake to wait until October for the election which we all know Russia will try and influence because they don't want the gas and oil to be out there in supply. Doing a deal now may not be the best at this time but the risk of waiting until October just for the GD to get back into power and then drag their heals for months or years again.
Here is the link to the project working on this.
https://hydeploy.co.uk/
Thanks Alfa
Can any one explain why the SP is still down when the 'Buys' are far greater than the 'Sells'
# Trades 61 Vol. Sold 142,942 Sold Value £27.30k
Vol. Bought 899,578 Bought Value £171.82k
Here are today's trades more buy's than sell's and still the price goes down??
# Trades 26
Vol. Sold 169,194
Sold Value £30.29k
Vol. Bought 292,688
Bought Value £52.39k
See below the totals from today's trades it just does not make sense
# Trades 621
Vol. Sold 219,572
Sold Value £424.21k
Vol. Bought 566,101
Bought Value £1m
I think a lot of the sell's are people moving their shares into their ISA's if they have any free allowance left
Here are today's trades so far and the volumn and value sold is less than bought
# Trades 499
Vol. Sold 196,458
Sold Value £374.84k
Vol. Bought 262,840
Bought Value £501.50k
PE Ratio -15.769
Earnings -12.10
Dividend 21.60
Yield 11.321%
If you look at the share dealings today there are more buy's than sell's and most of the sell's are propbalbly people moving shares into their ISA's can any explain why it is down.
Thanks 1878 the SP could get back up towards the Dec 2017 values over the next couple of months.
We should be receiving an RNS on these programmes that IMM are involved with and the high potential of financial returns promised to Shareholders. If anyone has any updates on the programmes please share.