Member Info for WHamBoy

What I don’t get is that Zaza is no friend of Georgia Dream given his TV interviews, and yet the speculation here is that the two are in bed together. It doesn’t make sense.

I think I got my regdik and bugsy confused....
Oh well - it must be an age thing.

Brookemia from ADVFN has received the same email from frontera as Looed and JimSlade. So that’s at least 3 that we know of. Regdik from memory used to work for BP, and knows more than most of its working. Fingers crossed that they are planning that big move.
I’ve posted the latest email below:

Dear xxxx
Thank you very much for your continued messaging.
Please know that Frontera is indeed aware of Mr. Mamulaishvii's attempt at illicit activities, and it is taking appropriate steps in Georgia and the United States to legally address this on behalf of all of its stakeholders. Since Mr. Mamulaishvili was dismissed last year, Frontera have progressed a cleanup and reorganization of the company's management team under the direction of Frontera's board of directors. Updates will be shared in due course. In the meantime, please do stay in touch, and we will do our best to share progress without compromising the necessary temporary confidentiality required to achieve our overall objectives.
Sincerely,
Frontera Resources

Thanks Looed. It would be good to hear your 2nd message too. So does it look to everyone else that Green Capital and Zaza have nothing to do with us? And that if we are to get anything back, it will most likely be via SN/Dustin etc. Where’s JJCarter when you need him?

I saw it too via the app on my iPhone. Not seen it though in the Google share price site.

Good to see that you are still around Bezzy

That’s more upbeat than usual from you tsbs.... fingers crossed we will see indeed find out “shortly”

So pleased to see that FRR still have a chance Looed. To be honest, I was beginning to lose faith, so your work is very much appreciated. So it seems we have 3 options (very much like BP):
1 - oil and gas
2 - green energy
3 - a mix of both
But unlike BP we probably still have an option 4:
4 - goes bust!
My vote (for now) is option 3!

RR - I do remember the days when we used to get news.... it would be nice to get some again (no pressure JJCarter, B-2-0, kickmuck, ..... frankly anyone!)

I’ve emailed Bryce to ask what “shortly” means, suggesting that some kind of update would be appreciated. I will post if I get a response.....

I agree Seingred- it’s strange that Zaza still uses the director of Frontera title.

Thanks MP

What does that mean MP?

Nothing here all day. Over to you JJCarter!

If as part of the restructure shareholders were offered a small dividend, say 1 cent for every share that we presently own, then it would go through IMO. The problem would be if they want a restructure without any payment to shareholders.

There must still be value here. SN’s personal guarantees, originally to Hope and now for the PPP loan, and the continuing and expensive court cases, could only be justified if there was considerable value in the ground. No one would continue to throw money at this unless the risk/reward analysis was heavily in their favour. I just hope we all get to hear about the proposed restructuring before too long: otherwise stress, Covid or old age will get the better of some of us! So please JJCarter, give us some more news ASAP.

Thanks Looed for the update and for the reassurance. I’m one of the “unverified” investors to which you refer, so I’m reliant on your contacts as proof that we are still moving forward. Your work is much appreciated.
I agree though that the new management team is a good sign that we still have a chance.
I envy you guys who have managed to recoup your losses elsewhere . Everything I invest in seems to go down! GLA.

Thanks Looed. What’s your feeling here? Are things still in play for FRR?

Looed - any word from your contact, even if you can’t divulge too much?

Logged in here hoping to see “some good news”. Alas it was just someone else also hoping for good news!