Member Info for OneDayRodney1

So are the .354s.
The real price is (or was as I don't have T2) 0.35-0.355.
But so what that buys are (for obvious reasons explained 1000 times on here already) shown as sales.
What matters is what we are able to buy and sell our shares for, not what the mms show as the prices.
GLAlths

Another point regarding the seller is that it seems that Zaza is well aware of them. Well obviously they're aware of them(!!) but what I mean is that they knew he/she still had more to sell in that the timing of tweets seemed to have been designed to try to support the sp whilst they know it is coming under pressure (Freddie legend RIP).

Timster: that makes it feel warmer in the sea (spoken from experience from Christmas Day a few years back) :).

Noloss: you are correct in that the interest rate is highly competitive. Especially when you consider the scale of the loan and the purpose, which includes repaying debt. It suggests also that we are deemed to be in such a strong position asset wise that more than one lender will have been looking to get some of the action.
The more one thinks about the implications of this, the more positive one feels imo.

Devex08:12

Wednesday RNS - Financing update Not much time today so a quick reaction: This is the EBRD type financing I was expecting - although clearly not EBRD. I was however expecting that the Hope issue would have been cleared first. Given the balance sheet interest rates seem OK to me - what you would expect. Remember no reserves have been booked yet but there will clearly be an expectation Zaza comment at the Q&A resonates hugely with me - “we want to keep ownership of the asset”. I fully support that intention don’t assume this is about the loan notes- why deal with those now when you have until mid 2020. The $20 million would sort the vendor debt and liabilities with no additional dilution. the first Lien on the Georgian Asset is key here - and I think that might be something to do with the Hope/Outrider issue. Ie trying to block this type of deal because of their view of debt seniority and where their security lay. The very fact the intent has been announced suggests a positive outcome is expected. I see this sitting alongside BH - with no need to share the asset. The BH deal may still come up with sort of profit share - but not a transfer of some part of the asset Of course we still need the Hope/Outrider outcome to be dealt with but this is all about retaining control and ownership - and minimising future dilution. Given the ROIs that we expect I don’t see any future dilution unless it relates to some form of new ownership model finally would allow funding of a new MK gas drill - which will be crucial is developing other “Major” interest All good in my view

Thanks for highlighting it!

Arsenal: here it is: thanks.
Wednesday RNS - Financing update I don’t think it does imply anything other that ZM wants to realise the maximum value for Frontera before selling it. Whenever I’ve talked to him about the $1BN valuation target and the time it’ll take to get there, he’s talked about a 5 year time-frame. In the mean time they have to deal with the existing debt whilst still having the necessary access to enough money to finance new drills, because I doubt BH or any other industry major they are/will partner with would fund everything. To me the size of the loan further confirms the value of the Block 12 asset, and the term confirms production will be ramping up pretty quickly. I think the interest rate feels quite high, but I don’t really know what’s the norm these days for a project like ours. I think Zaza knows what he’s doing so that’s enough for me. Now they have a loan I wouldn’t be surprised if we get another RNS in a few weeks about the second industry major. We’l see.

daniel1son: great post; agree with everything you say.
Some are suggesting this means the second major has gone. imo it means they are still very much there (besides if they weren't it would have had to be RNS'd).
This finance is a major step forward along a (bumpy) road where Zaza seems to do everything I would hope he would.
And as Ollywoo said, it puts us in a secure position re the court case.
Great news :-)!
GLAlths

Timster: if you're looking at the LSE trade listing there have been quite a few sells that have been reported as buys owing to the bid/ask spread at the time.

Omg: I agree with hottrader77 ... what is the World coming to?
Not the nonsensical rambling post (obviously), but the remain sentiment behind it.

My guess is that the most likely news on any settlement out of court would be Monday as they will have had the weekend to thrash out an agreement (in advance of the scheduled hearing). I think the YA out of court settlement RNS was on a Monday morning. Bwtfdik!
GLAlths

When we get good news you will have to pay a lot more to buy.
Hahahaha!!

Ffs: I think there is something very sad about you.

GLAlths

So Flakey you got to the revolving door at the front of the Hotel California and did a 360 degree turn around and came back in to the foyer. It was inevitable ;).

Trying to step back a tad, my guess is that the recent tweets have been efforts to try to bolster the sp whilst the persistent selling goes on, which suggests that the Company is expecting the selling. The suspicion they know is because they've even dragged out ancient photos to tweet, almost as if they're desperate to give us something.
I suspect that once they have imminent news to give us then the tweets will stop so I am hoping for a cessation of tweets! Bwtfdik.
GLAlths

Am happy to be patient whilst the NDA is in place ... although recognise that it isn't easy!
It doesn't get any easier even after years of experience!
GLAlths

Good morning
Just catching up on yesterday evening's postings, which included some good ones (Mole, Prod etc).
Just to mention to Pyro: you're right about waiting until the funds are actually in the bank account with house sales as the last one I sold it exchanged and then on completion day ... the monies didn't arrive. Fortunately they arrived the next day and my buyers had to stay overnight in a hotel with their removal van parked outside!
GLAlths

Coggy: only 4 sleeps for us insomniacs ;-)

Or buy ;-)!

Good morning all
The cynic in me suggests that Zaza knew (how?) that the sp would come under pressure this morning. So he decided to send the tweet out in a feeble attempt to generate some buying interest. Why else send a tweet out on a Sunday?
If so, how did he know the seller(s) would be there this morning ...?

Mike: If you have been away a while, a good way to catch up is by reviewing the RNSs. Having successfully dealt with a spat with YA, resulting in them agreeing a rescheduled (ie better for FRR) debt repayment plan, they are currently suing Hope/Outrider for $56m. Until that matter is settled we are unlikely to get any other news imo.
My personal view, and it seems the view of some other lths, is that they are clearing out the potential flies in the ointment before the big deal(s) is/are signed.
So holding long and strong here :-).