Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think they probably are checking under every stone, they will check what assets where transferred , when and how.
The Liquidation will only effect FRCC in my opinion, however they may decide that debt needs to be paid from the assets moved.
I am not overly worried at this stage as i still believe this was a stalling tactic by FRR, and that if a loan comes they will be able to clear any issues that way. So this all still sits with the result of arbitration.
Administrators always look at accounts, where assets where sold or moved and the terms of other subsidiaries of companies. there have been many bunkrupt companies that were under the umbrella of a larger company. It does not effect the unbrella company or its other siblings. Look at Mr Phillip Green and others who have let part of their portfolio go down with out that effecting them or other parts of their business - of course some harsh words about underhand tactics etc
its obvious by this that Hope is still after Block 12, after all what else does FRR actually have in terms of any value? So again they are fighting over this very full box.
Now have FRR done this legally and cleanly? We do not know. However if i am right and this whole process was to do two things 1. Remove Hope from Board and 2. Play for time to sort the loan, then all in between will just be noise.
We wait with baited breath
Thats a very immature group of postings and quite appropriate name.
I would be quite ashamed to have written what you have today.
What does it matter to you if we post about a delisted share?
Why are you even visiting the forum?
If its over in your mind then fine, either go where you have a vested live interest or watch some TV
It sounds very much like you have a short on here, well sorry to say your on the same rollercoaster as the rest of us but where as we hope to get to the finish your wishing the coaster to crash half way around.
Think i am happier in my chair than yours.
I do not intend to be dragged into this conflict
I must however answer some of the questions
1 Whats positive?
Well the lights are still on almost 12 months after delisting
There is still hope of a recovery and settlement and so investors getting some money back.
I suggest thats positive.
There is also a great difference between realistic posters and negative posters.
Negative posters just try to highlight anything bad and enhance it without any reasonable alternatives, they do not promote the very real positive things such as the one above. This comes across as gloating or even as posting from a shorter. Occasionally a frustrated investor.
No one minds realism but someone genuine will normally speak about the good and the bad and evaluate both sides.
I am not going to stand on a soap box and say all will be good here, we do not know, but as i said earlier, there aer risks regarding PSA to start with, but also some positives.
We are stuck on this rollercoaster now. We are on it until it gets to the finish or until it crashes on the way. You all brought your ticket and got on for the ride. The only way to see if this rollercoaster is safe is to stay seated and ride it out. You can not get off this ride now its set off, You stay seated and wait. Close your eyes if it makes you feel better.
Now you can sit on your seat crying that we are going to crash and be as negative as you want, it will not make us crash or make us reach the end safely. However i prefer to sit in the seat with my glass half full and take in the ride. It keeps my heart rate lower, is less stressful and thats how i live my life. Positive attitude.
Tip : close your eyes when the ride does the loop to loop
Thoughts shared for over two years now
" You do not fight over an empty box"
So my last positive today is , i am pretty damn sure we have something very valuable in Block 12, now question is will we be sat on our seats at the end to see the reward?
Oh sorry i almost forgot
" You do not fight over an empty box"
TSBs,
I do not think Russia are at al interested in Zaza SN, Stephen Hope or OMF.
They do not want to buy anything off any of them.
They want Georgia to move back in bed with Mother Russia, then they can work with Georgia in getting any energy resources into a operational phase. At the same time this would keep Georgia from being part of the West and align Georgia with Russia in a strategic , economical and military phase.
Russia does not want further expansion of Nato on its door step, it does not want western Europe expanding eastwards and it wants to maintain a strangle hold on Europe with Energy.
Russia is not interested in Block 12 in isolation, its a very small part of the picture of what Russia wants and does not want.
A russian company running block 12 will not be enough for Russia. It gives them no power at all, they need full control.
What Russia does not want is Georgia moving towards the West, Nato and western companies like Exxon and BP taking more control of energy in the region.
Now does Georgia give the PSA and back moving more into bed with the West, or invite putin back into its bed.
I do not think Mr Hope with OMF have backing of Russians
Mr hope and OMF are funded my a small group of very rich investors.
OMF buys companies in trouble then tightens the grip until the life is snuffed out of them.
What actually happened here was another company was in trouble that held loans to FRR, so Mr Hope rescued that company buy purchasing the loan notes at a discount, huge discount.
OMF learnt something about FRR, the intial idea was just buy loan notes worth $20m for $4m
OMF tried to assist in a hostile takeover of FRR, some said at 3-5p a share
(Actually i would take that right now)
Anyway FRR realised what was going on and stopped it
Hope then forced his way on the board and began a strangle hold on us.
What happened next we all know.
So Hope will have huge bills now, but it does not matter, if he wins FRR pay them?
Or do they?
Thing is if FRR did get taken before any loan etc then what is there of value?
Block 12 is all
What if we lost Block 12 if OMF won and it went back to GG
That leaves FRR bankrupt and gone, and OMF with huge bills and no way to pay.
Now i suggest that OMF have been having some funding by investors, the same story here where investers with 10m in already at another 2m to safeguard the 10 already in. This of course can come to an end very quickly.
If thse big investors suddenly realised they are in a lose/lose situation then its game over for Hope.
Now i suggest some will be questioning the ongoing costs and chance of getting it back. getting hesitant on putting more money after the bad money, increasing losses. I suggest a few of his investors wil be quite happy with breakeven and a get out . Confidence in Stephen Hope starting to fade. The risk of not getting anything back even if they go all the way and win will play very much on their minds.
These investors will be high profile and mega rich, but they will not want to lose in this, i suspect that FRR needs improved PSA, then get loan and then pay something to OMF and everyone wipes their mouth and walks away , head high.
The risk for us, and for Hope is that GG do not play ball, which is why some pressure applied from high levels.
I am afraid that in this Hope, OMF , FRR and us lot are all in the same boat, if that boat sinks we all lose.
If we get that extension and following that the loan, all in that boat should see something for their investment.
So really is down to the GG to extend that PSA.
Now what we do not know is if some on our side are in bed with EXXON, or BP, do not discount it as this is also about securing energy for Europe without the control of Russia. If Russia get that gas they could in future hold Europe to Ransom and that will weaken the USA against Russia as it could not rely on Europe to push for any sanctions etc in future. If Europe did the Russia could turn off the gas causing the lights to go off in Europe.
The letter.
This letter is what we already know. Georgia is at a crossroads between siding with the East or West.
Influences will be coming from both sides and although many in Georgia are looking to become more adjoined to us in the West, there are still some who are looking to become more adjoined to Russia.
This is a ongoing battle and unfortunately we are right in the middle of that battle. Putin may be a dictator who rules Russia with a iron rod, but there will be those who see him as strong and a good leader.
Frontera are possibly sat on a huge resource, its very important to the future of the region who has access to this resource. In simple terms its USA V Russia or East or West.
The winner is not just about oil or gas, thats just for Frontera. We win or lose that.
The winner is East or West, in terms of Strategic energy reserves, future ransom or not on European energy supplies and the movement of borders.
The fact is who fights over an empty box? No one, this potential changes the region completely and we are the pawns in a huge game of chess.
Whilst we are seeing USA influence at high political levels, there is also influence at high political levels from Russia.
The Georgian dream party are aligned more with the Russia side. However a political party is only powerful whilst in power and to stay in power you need political support from the people. ( Unless your Putin, where you aggressively cling on to power. )
So all we can do is allow those powers to fight it out, and hope we are lucky with the side that wins.
i Am sure that if this gets sorted FRR will be very profitable , its not about if we have resources , its about will a Western company be allowed to extract those resources
Meanwhile just remember
You do not fight over an empty box
I do get the negativity, its been over a year of nothing and the future is very unclear.
Facts are:-
The lights are still on
Hope was there for the oil and gas, we need remember he was part of the rather naughty hostile takeover attempt.
Hope/ OMF could have arranged to fleece shareholders if the oil and gas prospects were not there, by taking payments slowly and assisting in adding more shares to do so.
The fact Hope decided to push the issue means he knows that he can get his money back (plus more) from what FRR has. Considering that cash was non existent,, that can only mean assets which is block 12.
People are right about BH and BP its nothing that says we should be millionaires, but remember BHGE would have been aware of the announcement of the MOU and certainly have not distanced themselves, plus BP came out in Court proceedings and so that certainly was not used to paint over cracks as it was being kept secret from shareholders.
We do not know if BHGE are drilling, producing, sat watching or moved on and for now its not worth speculating as we can not get clarity. All are possible.
I do not know where this will end up, it could be very profitable, it could be stolen from under us.
I do know " You do not fight over an empty box"
Hope wants FRR and to take it too profitable new heights for the benefit of himself and his very wealthy investors.
I would suggest Hope knew more about what we have and the future prospects than any of us on here.
Zaza and SN have alot invested here, now they may have made alot in mean time but if they thought that there was not a lot of money left in the game, they would have let the towel drop in the court fight. That was so easy to do.
WE lost in Court, sorry shareholders but thats it, goodnight !!!
However SN and Zaza aare fighting this and have been for over a year.
So these are indeed difficult and frustrating days and i have locked my tickets for FRR away in a closet, but game over it is not.
Its an all or nothing situation and i hope that the longterm holders who helped the company over the years get justly rewarded.
Jester, Unless of course BH are taking out oil too which is very feasible.
YA had to be paid and i believe for two reasons
1. Because we would probably not survive if YA went for default too
2. Because if the case against Hope is in the hands of YA, the smoking gun, then no one would get paid if we lost our main witness.
You have made a very definitive allegation against Yorkville in your post, i believe the exact wrong doing has never been made public. We have made some assumptions based on what we were told at the time . I would be rather careful in making fact of what you suggest YA have done as it could leave you in trouble. We all think we know what they did, but we have very little evidence of the facts. We just know they were investigated by the board, and had done something. We may find that if they are standing with us against hope, that this is critical to our survival.
The way i see this is, that its not fake news. It may be exaggerated thou.
We know Zaza met the workers in meetings, he has said they will get paid but of course he needed them to keep working in the mean time.
It sounds like he told them more than we know, most will remember the talk early 2019 for large investment. This has now been awaited eagerly and i suggest they wanted some deals first ...such as the PSA and length of years extended. this is fairly normal as they would want to maximise the investment. If Zaza showed them how he could pay back in 10 years, they would want double to counter any potential issues, weather, blowout or political unrest etc.
So i would say the 70m is likely and awaits the agreement with gg. Now is that a investment from Finance company or from a SM?
We have to wait to see.
The workers pay is unfortunate, i do feel for them. However lets give a analogy.
Your in a ship that being rowing towards paradise, the food starts to run out and its rationed. You complain as you need the food for energy etc. The captain says ... when we get to the Island you can have all the food you want, The most food goes to the rowers as they need to get us there. Everyone else will go hungry but must still play their role.
When we get there you can also have Land to farm and build on too. However we must get to the Island first.
This is similar, we had to survive the journey and yes some hardship had to take place to get there. It seems we had to pay YA but by doing so we are close to promised land.
Its extremely interesting that there is secrets being shared in the courts. Could this be YA with the golden bullet? We paid YA off and they have agreed to spill the beans but in a closed session. Could this be where Hope suddenly settles with a deal that favours us.
I hope all those workers get a bonus before my dividend, i feel thou that it was inevitable and without paying YA off we would all lose, including those workers who would be out of a job with no prospect of being paid.
Agreement with GG will be the start, i think behind closed doors the smoking gun will be released thanks to YA and 2020 will see communication return.
We have survived 12 months with the sharks circling and to me we are at a critical stage where things may very quickly start to go our way.
I think Zaza was telling them if we do not produce, then we can not survive and pay ever.
You do not fight over an empty box !
Lets keep our feet firmly on the land here
The amounts are right for valuation but we need to look at some variations
1. The proved gas in place - estimates are one thing proven are another. so we could be looking at 10% of estimate is exploitable. 3TCF
I will add that there very much possibilities that that estimate could rise higher and considerably so (100TCF)
Then Georgian government will take half i suspect.
Thats now 1.5TCF plus 9billion barrels of oil (pretty much worse case scenario)
Then company costs to exploit so take another 10% off
My estimated worst case scenario would be 3B GBP for gas and oil
20p a share
Jet lag so please check my maths
So what is in my opinion the very worst case scenario we would have 20p a share
That is what a call a overfull box that they are fighting for and is what we should be basing estimates on.
There is definitely a case for suggesting that the Gas in place proven could be 30TCF or higher, for 30TCF proven i would just add a zero to my share price estimate.
Personally i think Gerogian govt believed they had hard to exploit oil and no easy to exploit gas. The deals they made, would make a profit for them and the company but these relatively small, so needed something of a good deal to companies to make it worth while.
When FRR started talking figures, it became slowly apparent that this was a big box, the government realised that the income which they thought was millions became multiple billions. They of course realised the deals were to favourable to the Company and wanted more of the action. You can not really blame them.
FRR shared info several years ago for a farm in deal, This was OMF gaining info and attempting a hostile take over. Some suggested 5p a share (can any one verify)
Frr fought against OMF and Hope and eventually SH was made a board member.
does anyone want to argue that people have not been fighting over the box?
You do not fight over an empty box.
Its a slip up one way or another
Either he has said they will be farming in where he meant looking at possibly farming in, or he has certainly slipped up by stating something thats not in the public domain.
How quick this will be picked up be those looking to invest somewhere will be interesting, this news possibly better just into the new trading year but the start of next week may be interesting. I do hope 2020 starts with confirmation and a deserved rise for us investors. We need quite a lift just to break even here.
GLA and have a good xmas whilst we wait good news
sorry that should say right git but spell checker changed it
Sorry fella. I could not build the courage to come up North. Just landed at a cold wet heathrow. You can send that very old fire stick for app update. Free. p.s that firestick is worth more than our shares at the moment. However that firestick is full of potential and can give a over flowing box of entertainment. movies etc. Just like the overflowing box in Georgia.
so you right got. contact me to get it updated. lol
sorry all. currently still in hawaii and 10 hours time difference. my main point is the one is started years back now. You do not fight over an empty box and I am really starting to believe we may see the value of that box.
Back in UK just before xmas so those I do not catch. merry xmas and prosperous 2020 when that box is revealed
Coggy but was he in the library with Mrs Brown or Mrs Green?
THey can get the money they risked back.
So if Mr Brown purchased 1k value of FRR, then they borrowed the stock from me.
So if that stock went up by 20% they would have to pay 1.2k to give my stock back.
If the stock lost 20% then they give 800 for stock and keep 200 as profit
As FRR is delisted its possible that some companies gave them their 1k back as there is no one to pay back as yet.
The rules are thou, that it should be if company is delisted and made bankrupt, which has not happened. What has happened is that most of those shorted shares have been returned without profit or loss
Now Those with huge positions may find that their company is waiting to see if bankruptsy follows or not. That could be very painful indeed.
I tried to say the other day it was probably a payment issue or change of host.
My sites have been down over the years for a number of issues
Too much bandwidth used - too many users over a period of time
For this you need upgrade bandwidth but you need know its down then contact them to increase it
Payment
I know have auto pay, but if a card goes out of date it can lead to them suspending the site. The issue is you need log in to sort and if not been in for a while may need password. Then if certain people had left, you may not know what email to use so need contact company to reinstate, all takes time.
Then of course changing nameservers, often today little downtime but can happen and some parts of globe can be off while others see site during migration.
Trust me i know as all these have happened to my many sites and bandwidth an issue for me today due to shoppers on my site. Must be black friday?
Sorry all long hours working
The info shows domain name paid for beyond this date
It shows where the domain is hosted
So this indicates that host is down or host has taken down the website.
Most likely due to non payment of hosting bill which is normally very cheap, $110 a year - $500 a year depending on the host.
If FRR wanted it to go off line for a reason it would normally be put in maintenance mode.
If they are moving hosts, then the name servers may take up to 24 hours to move to new server, however it should be that the new server is ready to go and old left in place until completed so users do not see a difference. The name servers just point to a new address ( a set of numbers) a bit like a phone number and the system needs to know where to forward the calls.
Anyway looks to me that someone has forgotten to make a payment , probably due to people leaving the company.
No speculation as its not going to give an answer anyway
Domain Name: FRONTERARESOURCES.COM
Registry Domain ID: 493504_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.networksolutions.com
Registrar URL: http://networksolutions.com
Updated Date: 2018-07-24T07:19:38Z
Creation Date: 1997-09-22T04:00:00Z
Registrar Registration Expiration Date: 2021-09-21T04:00:00Z
Registrar: Network Solutions, LLC
Registrar IANA ID: 2
Reseller:
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Registry Registrant ID:
Registrant Name: PERFECT PRIVACY, LLC
Registrant Organization:
Registrant Street: 5335 Gate Parkway care of Network Solutions PO Box 459
Registrant City: Jacksonville
Registrant State/Province: FL
Registrant Postal Code: 32256
Registrant Country: US
Registrant Phone: +1.5707088780
Registrant Phone Ext:
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Registrant Email: