The Fozzer on ii21 Feb 2019 10:18
First week in March we should have more information on the stay application when the court documents are published in the public domain. Until then the company is on lock down for understandable reasons. If FRR can negotiate a decent oocs and have access to the NY funds I think the company and shareholders are back in business, the alternative is a wipeout for equity. Read a post last night on the LSE from Njames stating his reasons for why FRR will never re-list. Well there’s one big Fat reason why I think FRR will re-list, assuming the legal wrangle is sorted, and that’s access to the capital markets. FRR have till 2021 to prove commercial production on as much of B12 as possible. I’d argue that if FRR want to retain 100% of the asset that $45m will not go that far. There’s no doubt that Steve and Zaza think the asset is highly valuable and are prepared to “gamble” significant personal wealth to progress the company forward. Anyway, it seems the vile Jo-king has finally been unmasked and unsurprising is one of the SP supporters!!! Back into my box.