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Really, what big spike was that then or did you purchase a big spike from my toy shop?
You got out before it hit the skids? Really !
So you're here today for what exactly? To show what an idiot you are? What a liar you are ? or could it be what a annoying Dickie you are.
Please remind me when this big spike was.
Also remind me again who the missing crowd your on about are?
BBnews
Do you know anything about liquidation of a company. It would seem not considering your posts and conspiracy about waiting until 2024. That changes absolutely nothing in regards to company debts. In fact the debts have increased by prolonging the situation so your theory is at best ...wrong.
Everyone else
It always used to be that when idiots come posting here and usually with a negative slant, that good news was coming.
May be we are going to get some good news then as return of teenage posters has started again
Mapp
Not sure if influencer was aimed at me or not
For the record, i did promote Zaza. I went to the shareholder meetings and recorded them. I shared the information he shared.
He stopped to talk to me and shook my hand as i entered the meeting.
He answered my questions
I was as taken in as the rest of us, by the big smile and the fact he came to talk to us.
Remember previously meetings were held where it was difficult for shareholders to attend.
I met some good friends at those meetings and would love to have one more as we get paid out. Some were from iii such as Devex and ToT.
I may have promoted Zaza as a honest CEO and believed the crap he told us, but as a share holder i was just fooled like the rest of us. I still have some of those SH recordings too.
I went to those meetings to hear from the horses mouth, then to share with those who could not attend.
I think Zaza shares 1,014,259,226 if given to hope, would net him around £50m if shares were 5p each.
Plus any shares he would already hold
Is that where a deal was born
I think that we need to look at what the confirmed reserves are. The amount of shares have increased so yes that could be dilution, but price of gas has also increased. The market for gas from places other than Russia has become important too, energy security.
What i would like to see is that the deal with hope was the transfer of ZM's shares to hope as part of the deal.
That would mean that hope would want the best price for those shares and so aligning himself with other shareholders.
5p would be a good starting point now, but we need to see technical confirmed reserves to see any potential upside.
Question is, after all this time, who here would except a quick 5p per share to move on. Especially when the company looked close to dead at times over the last few years.
I would certainly suggest that Hope believes he can get something out of this company and so that hopefully means we can to
I do not count my chickens until they hatch
However it seems that at least now we have the eggs and they are incubating nicely.
A lot of effort has gone on to fight for this on many fronts and something i have said for a long time is...
You do not fight over an empty box
Well done sleuths including Looed
I really am starting to believe that the chance of getting my investment back is increasing.
Where we all saw Zaza has the hero and Hope as the villain, We may see role reversal as i believe Hope has a outright buyer for FRR. lets wait and see.
all the best, fella
Firstly, perhaps i should have patented my " you do not fight over an empty box" phrase.
I could have been rich by now.
Anyway, seems things have turned in the right direction, although the way forward is not clear yet.
What i would like to throw in the mix is this ( it could be part of the deal)
Hope, was years ago using under cover methods to gain information about FRR for a buy out. I can not remember the price at the time but it was better than the SP.
This became known and its how he came on the BoD with his sharing of info and loan to us being an issue.
To be honest, i would like to see this resolved quickly but in a fair price for Share holders. SN may not see this as his best interest, but considering where he was over last 3 years, its a vast improvement.
It would give SN
1. A large payout that he could use for Moldova
2. If shareholders profit then he can easily get sH funding also for Moldova.
Ex FRR holders who made profit would be more likely to take a small punt again, new investors would not be put off by the fact if FRR had cost investors money.
Now its blatantly obvious that the box they were fighting over was not empty but question remains on just how full it is.
I just woke up from my hibernation to check if i am rich yet !!!
Seems the answer is no !
Do people fight over an empty box?
Only thing i hope is that the box has not been dropped and that they are looking at new boxes which may be full in other Countries with another in put of cash from private investors.
Surely they would not rinse and repeat the process again transferring more cash from the poor to the rich.
If they do we would have to be renamed FRC Frontera Resources Conservatives, with a us and them attitude.
I really hoped that some real news would be here by now.
Something of a Christmas cheer from FRR
Something that could help me buy something nice for family
Something that means i can turn the heating back on !!!
We will finally get the oil and gas in 2053 when no one wants it.
Is there any up and coming court cases for FRR and any whispers about if production continues, or likely to restart. We are certainly in a time where any gas has increased value and not just monetary but also geographically for alternative sources for Europe. Anyone got a glimmer of good news?
Russia benefits from this, by causing confusion and having the West looking at each other. It also gives Russia advantage if Europe has power shortages. If Russia can do it, the communication cables will be next. Nato aircraft and ships trying to protect those cables now. Russia can now cut off the gas via Ukraine and then Europe really could face a bleak winter. NATO was searching for submarines from Kalingrad on Baltic coast the days before the explosions, i shared this on my facebook page. Putin needs the West to back off and let him keep what he has taken. Then later he will return again for another bite and so rinse and repeat. Eventually taking Ukraine then next on rebuilding CCCR . Nato moved B52s towards Norway from Fairford so in strike distance of Moscow. However, no worrying movements of Nuclear missiles, but possibly small nuclear stuff moved towards Ukraine (Tactical Nuclear Weapons). If FRR can get agreement with Georgia then if that gas is there and extractable, it could be a very exciting takeover by a major for supplying gas into Europe. There are not enough LNG ships to meet the demand of Europe, you can not just build these and the facilities to on and off load them in a few months. Russia can benefit further thou as as supply and demand widen, so does the price. So they can cause hardship by cost and power cuts, insecurity and possible negotiations, attempt to split Europe and get paid more for each cubic meter of Gas. Russia currently thinks it holds a lot of cards, but are they all jokers?
So TOT will this end result in all of us having another get together or in your opinion is the end just the final flicker as the lights go out.
All the best with your wedding and expect a bit of a hangover today.
kicking off now in Armenia and Azerbijan on border of Georgia , Turkey, iran and iraq. Could not make this up. Just as wholesale gas was coming down in price too
Seems we have all been done up like a pair of kippers
Zaza totally conned me, i have to admit.
The warnings were there, after a meeting (last one) i spoke to the team (name lost for a min) from FRR.
I stated about considering putting my pension here.
He looked at me and said something on the lines of, nothing is ever guaranteed and things can go wrong, be careful.
I was a little pushed back, as i expected huge positivity. (like put all you can in as its going to be huge)
It did play on my mind, but i never acted on it as i believed what i wanted to believe. This also straight after Zaza had given his rallying the troops speech. Eventually the dog will catch the car.
Perhaps he meant the courts will catch the con man?
MGW also taken in by FRR having visited the block! They must have been very convincing.
So this looks like the end of the road for FRR and our money. We have been conned by the BOD and this was without doubt an act of fraud. Gutted
I agree, so sounds very pessimistic and most would say move on and start again somewhere else !!!
That would make sense
However they fight and squabble for years with a massive legal battle that costs millions, for what?
A bit of dust in the desert?
I always said you do not fight over an empty box. They are still fighting over it.
None of this makes sense. Also if you ever wanted to extract gas and sell to Europe, you would never have a better time than right now.
NJames the only justice we would get for our loss would never be thru the Courts as you quite rightly said.
It would have to be a bullet right between the eyes by a well paid hitman.
At least then he could still steal our money, but never spend it
Sorry all, i have been busy
Has anyone looked at the Georgian website for energy to see if oil and gas reserves have increased and if production has increased.
FRR could be making millions in profit and we would have no idea !
It's incredible that an operational update and finances update is not available for shareholders even if currently a private company on paper. We are owners of this private company. I suggest collectively we are as much holders as each member of the board.
I worry that SN and Outrider are syphoning off profits whilst the legal fiasco goes on.
That would indicate that the huge reserves they suggested were lies, so they quietly take the reserves in place and share the spoils amongst themselves whilst are eyes are diverted by the magician.
3 years this has apparently plodded along, it was eating millions before so how is it still going after all this time.
The risk of running out of cash was there when we were exploiting block 12, yet we are apparently still going without leadership, ownership and extraction of hydrocarbons. STRANGE
Now that would be typical
All parties argue for years over the company as the sand slowly runs down and then gone.
They argue and bicker like children then just before an agreement find out that it had slipped away.
That just sums up the people involved in this share, so greedy trying to get it all that in the end everyone gets nothing.
You do not fight over an empty box, but if your going to fight over a full one make it quick and decisive.
Great pot to put behind the bar when the company sells to a major and we all meet to agree it.
I tend to think this may still have life but as a private company rather than public.
Reasons:
IF a deal between parties is agreed , If Georgia is a safe place to do business and IF the gas is anything near half of what we believed. Then most likely the whole lot will be exploited by a company that can resolve the issues quickly and effectively. I think a few in Europe would help build any additional pipelines or storage facilities.
Only problem remains all those "if"s
Remember thou
U do not fight over an empty box
There is quite a difference between corruption in govt and invading another country.
Ukraine was not in EU and had no chance at joining NATO whilst at war ( even if just on paper)
Sweden had no interest in joining NATO
Putin has a vision of being a hero in history books by putting the USSR back together and increasing the threat between West and Communist Russia. This is how dictators work, almost like a magician. You make everyone watch what you want them to see while you're really distracting them from what really happens. The same time he tells them why they need him and make them believe the danger that is not there, is there.
Meanwhile Germany sits on the sidelines, might as well be supporting Russia. Germany is a selfish Country with leaders who only look after themselves. Germany wants to be in charge of Europe and to a large extent do so financially and are the instigators of policy in the EU. They have been trying to achieve this since Sept 1945. Now they stand by as innocent people are murdered by Putin. Any country has the right to democratically decide on leadership and policy. The people are the Country.
If you think the West and NATO forced Putin in to this ( Nato is defence not aggression) your deluded. This is one man who wants division, power and to bring back the cold war.