Member Info for ZiggyZag

Abkaz

What a complete muppet you come across as in your statement clearly eluding to Looed.

Many on here appreciate the work he and others do in bringing news, messages and general info ……what have you brought other than snide comments ?

BTW if you want to back up part of your statement, perhaps you could provide the details of any of the “endless deals “ Looed has “ promised “

Looed , Jim thanks for sharing your messages….appreciated by all I am sure .

Looed in your summary of the message you received you wrote… (but not all of it, some is inconsequential)….Just to clarify , is that your view , or was that in the text of the message ?received .

Possible sale of Russian Assets as outlined in 3rd July RNS

 

…..The Board remains of the view that any buyer is likely to be found in BRICS countries. …..

They know who they are selling to.

……This process has now run on substantially longer than the Company's management team had anticipated…..

Stating the obvious that whilst negotiating/ finalising / waiting for DFS / etc , that until shortly before 24/02/22 , like the rest of the world they did not anticipate / expect Ukraine invasion to happen and the resulting impact on the process .

…..We acknowledge shareholder frustration regarding the duration of the sale process, ……

Sale process …..in the process of selling ….. NOT still looking for someone to buy , but now ready to finalise / awaiting Russian authority to conclude the sale agreement to known buyer/s .

…….however, we also note recent precedent transactions which have successfully completed despite the geopolitical situation. …..

Due to the war / sanctions / counter sanctions / Presidential decree’s etc there are / have been many new obstacles for companies to overcome , different issues for different company’s, but they can and are being overcome ,

…….Further updates will be made as appropriate although there is currently low visibility as to when this might be…..

Low visibility does NOT mean they do NOT yet have a buyer/s ready to sign . They are selling , have buyer/s ready and waiting to finalise the transaction/s.

However they await green light from Russian authorities in order to conclude , but neither they or the buyer/s have any control over that process so cannot elude to a possible timescale , hence the “ low visibility “ comment .

……As ever, there can be no guarantee that Eurasia will enter into binding agreements regarding the sale process…..

Standard statement

Just my view of that para in RNS further reinforced by the comments in July 3rd RNS re Monchetundra DFS that said .

…..It is expected that counterparties will have their own plans for future development, and it is important to leave such options open…….

Not potential purchasers , but left options open to …..Counterparties …..the other party/s to the contract.

Scuba …..You inferred it was high against other Co’s listed on CH over the last 20 yrs . My knowledge of if thats high or low is nil as I don’t have the data of ALL the other Co’s .

I assume you did …..in order to make the statement of …. pretty high numbers according to companies house . So where are your numbers taken from that enabled you to made your statement of EUA in that measurement , against the millions of Co that have been listed on CH over the last 20 years ?

Yes I can see the info re Eua . Question I am asking is how did you get the info that the number is pretty high compared to other Co’s, as you imply . Is there a league table of sorts on CH site , if not how did you do the comparison?

Scuba , re your statement of …..pretty high numbers according to companies house …..

Care to give us the numbers / detail etc to back up your statement

Thanks for trying Looed .

Suppose the Co could tell us something , even if only what the hearing was about …..but ….

Well at least when we get news of positive outcome for our holding on here we can go 😁🥳🥳🥳🥳😍😍😍😁😁😁😄

Before I sussed googling back in I emailed Lse when we first went down . Received reply this morning which said

…..for now use link below …https://www.lse.co.uk/SharePrice.html?shareprice=FRR.

Assume the “for now “ bit indicates temp issue , we’ll see

Initial thoughts were board had been taken down , big sigh of relief when I unearthed Bezzy’s message .

Now know whats its like to be a FRR shareholder who is not on this board ….not a good feeling having no one to share / discuss / receive info on the Co .

I still can’t access in the normal way , though I can on other boards ….anyone able to?

Phil
Info on the revised Ya deal a click away on the RNS tab ….19th Oct 2018

Ivey …Ha ha , I do same with Caymans Gazette and I am sure there will be others doing same ….race will be on to post when final meeting etc is posted eh
Must say its amusing at times looking at the names of some of the Co’s listed , makes the job less mundane .

Below from FTI docs presented to NY Court ….May 21 I think

38. According to the most recent financial information made available to the Liquidators,’
which is the Frontera Group’s unaudited financial statements for the six months ended June 30, 2018,
the liability to the Parity Lien Debtholders in respect of the 2020 Notes is likely to be
approximately $29.4 million.

Perhaps there is a very detailed communication from FRR incoming thats buggering up the system

Hey Looed , I have posts in the thread …..are you referring to me ?
If so please tell me what your issue is with anything written in them

EkXoc
Take on board what you say but we have zero context in order to take a view on the future . We have no handle on the definitive number of cases the Co is fighting or any expected timelines . Will it be when case 3 is finished or case 33 when they come out of cover .
Regarding our future involvement my point was …..no reassurance about shareholder involvement going forward in the message …..that concerns me . You might conclude why bother saying anything at all if we are not part of the future , but they must know of our concerns so IF their current plan IS to take us along with them there is no good reason why that reassurance cannot be given now . As I said the silence on that issue is concerning and they must know that , yet they choose not to comment on it .Yes it may that they have not decided yet where / if we fit in going forward until all is settled ,…..so we go round full circle to …..we have no clue , and no feel for the desired outcome re shareholders , and thats concerning .

Re my previous post
Just to confirm I am not having a pop at Jim or Looed . I appreciate that they have posted the message / summary and understand they can only work with what they are given by the Co

EcXoc

In Jims copy & paste of the message he received and Looed’s summary of the message he received I see nothing new .
I assume in Jims email to them he referenced the Hope Cali case conclusion . They referred to other associated pending cases to justify continuing non discloser of material events to us .
We assume they mean associated with Hope. Looed says they said to him tying up loose ends on remaining Hope cases but also moots his thought that could there be more Hope related cases that we are unaware of.
So what have we been told by the Co that we didn’t already know ….nothing !
There is no info on what litigation is outstanding be it Hope or others ( which presumably includes Ya case which we know is still outstanding ) no approx timelines .
All we have is the knowledge of them saying that they can’t talk because of outstanding litigation , but they won’t confirm what litigation is outstanding .
Very concerning is that in their presumably very carefully chosen words they elect not to mention shareholders in any way , including no reassurance on our future involvement with the Co should it emerge from this mess in a meaningful way .

Goit, totally agree with your post but I would say the company IS free to communicate with us NOW ….it just chooses not to. The impact of the Co’s make up via any settlement with Hope is something we have a right to be made aware of . The outstanding litigations re Ya , Mourants etc should not be stopping us knowing who now controls or changes in , the Co we are invested in .

Putin issued a number of decree’s last year one of which was 520 added to by 618

The headlines of 520 written by observers was …..

Russian President Vladimir Putin issued a decree imposing an overall ban on transactions with certain assets, such as securities in certain Russian companies and interests in certain Russian investment projects, if these securities and interests are owned by persons from the so-called "unfriendly states" or PERSONS CONTROLLED BY SUCH .Assets include shares in certain Russian major entities, energy and subsoil companies and projects, and Russian banks. The new ban restricts the ability of investors to exit from their Russian investments or to restructure their Russian holdings without specific permission of the Russian preside

The capitols are mine to highlight my assumption that it includes EUA ‘s interests in Russia .

Is this the real issue delaying any sale , as opposed to ….no one interested ….price to low etc , etc ?