Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Yes news needs to come out and I have been told by 3 different sources it is imminent... We are currently sitting around 40% higher than we were for much of Nov/Dec so even without news we are doing OK and from a Technical viewpoint this pull back this week may actually be a good thing longer term - let the SP consolidate at this level and the RSI ease then get the news out... You may not have realised it either, but Christmas in Kazakhstan was on Friday just gone so the ministry there has probably been shut for the last couple of weeks and I suspect the reason they issued the shares before the end of the year was for tax purposes... Website IS up - had an issue and the Webmaster was actually on holiday... I concur with tthe PR line ;) ATB!
Morning Guys, Well with the share merger going live today we now have a market cap of £148M with the mid price being 8p. I suspect that the recent seller was one of the participants of the placing at 6p and has decided to take 25% profit on some of their position. Presumably there will be an updated share registry soon which will confirm any changes to Brian Savages holding.
Looks like you are getting your wish, the long overdue correction may be in progres... Daily volumes are up significantly as well.
Frontier Mining (FML) [6.25p/£57.33 million] The Khazakhstan-focused gold and copper exploration and development company announced it has today completed a round of fundraising for further investment in the Benkala copper deposit (acquisition of plant equipment) and for additional working capital. The company raised £4 million by placing 66.67 million shares at 6p per share and also announced that it would issue 1,806,000 new ordinary shares to Calder Project Services, who are providing the design for the processing plant for the Benkala Copper Project. Last month Frontier announced that it had signed a $4 million loan facility with HSBC Bank, with an indicative agreement that additional funding may be provided to KazCopper for the Benkala project up to a total value of $15 million. Since then the company has announced that it has completed a resource estimate which showed a near 1.5 million tonnes of copper in the region, which supports Frontier's oxide estimates. With equity and debt funding obtained, Frontier is ready to explore the full potential of its Benkala copper deposit. http://www.iii.co.uk/articles/13673/hybridans-small-cap-wrap --------------------------------------------------------------------------------
Frontier Mining Is Poised For A Major Advance, Once The Kazakh Authorities Sign Off On Its Deal With Coville http://www.minesite.com/mobile/mobile_single_news_story/article/frontier-mining-is-poised-for-a-major-advance-once-the-kazakh-authorities-sign-off-on-its-deal-with/1178.html "Shareholders in Frontier Mining have waited for some time for the JORC resource estimate update on the company’s 50 per cent owned Benkala copper project in Kazakhstan to come through, but now that it has arrived it was probably worth the wait. The new resource estimate is certainly positive, and allows the project to be viewed in two parts - split between the oxide and the sulphide resources. The measured and indicated oxide resources amount to 32.7 million tonnes grading at an average of 0.5% copper, and there’s a further 2.67 million tonnes inferred at 0.39% copper, giving a total of 175,000 tonnes of contained copper. But waiting in the wings are the much more substantial sulphide resources which amount to 161.4 million measured and indicated tonnes at 0.44% copper, with another 130.8 million inferred tonnes at 0.42% copper to give around 1.27 million tonnes of copper." "Frontier will be strengthened significantly by these deals, and it is interesting to note that Erlan Sagadiev, who rescued the company when it was virtually on its knees at the beginning of 2009, has chosen this moment to strengthen the board with the appointment of Randy Eppler as a director. Randy was chief executive of Coal International from 2005 until 2008 when he decided to focus on Sierra Partners, a private investment firm focused on the resource industry. For 10 years before joining Coal International he was with Newmont, where he held a number of senior positions. And before that he did 10 years as managing director of the metals and mining division for Chemical Securities, now part of JP Morgan Chase. Men like this do not risk their reputations with junior mining companies unless they are very confident, as Randy appears to be, that the company they are joining has very solid foundations and a bright future. This appointment also allowed Brian Savage, who originally founded Frontier, to slip out of the door. " "So the company can now consolidate its reputation as a Kazakh operator. One recent endorsement came when HSBC Kazakhstan announced that it was arranging a US$4 million facility for the purchase of capital equipment for the Benkala project. The bank does not appear at all worried that there has been a delay at the Kazakhstan Ministry of Industry and Trade as regards the documentation for the re-domicile and acquisition. This is looked on as temporary, and if anyone knows his way round the corridors of power in his country it is Erlan Sagadiev. It will help if the delay is not protracted, as he still has to raise more money if production is to start, as expected, before the end of next year."
The JORC statement issued today is primarily for the Oxide 'crust' that caps the main sulphide ore body. It is very clsoe to surface, very well concentrated and the links to infrastructure that are now present make it a world class resource. I haven't had a chance as I am travelling a lot at the moment to go through the full report in detail yet, but from memory, the drill depth was to 110M which has penetrated trhough the Oxide crust and into the Sulphide body. The importance of this is it gives a hint of what's to come when they finally conduct the rest of the drilling in the coming year or two after getting production underway from the Oxide cap. Now from memory, the main sulphide body descends some 500M and this is the interesting point, if the original resource estimate was 2.8MT Cu and just going to 110M has showen 1.5MT, how big is this going to get after all the drillng is conducted?