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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Frontier Min | FML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.025 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.025 | 0.025 |
| Top Posts |
|---|
Posted at 23/6/2015 17:49 by hereford29 is www.utm.kz not the same company as FML? it would appear to be the same, and also seem to have the same investors, this is the company set up in late 2013 to buy Naimanjal, for 30m USD, which money didn't actually come to FML in the end? But they do appear to have acquired Naimanjal and FML LLP? And maybe they will buy Benkala out of liquidation? Would this not be a relate party transaction under AIM rules when the RNS for the sale was announced in 2014? |
Posted at 14/3/2015 14:13 by ec125 In my opinion The board are arrogant and will do nothing to help private investors they only want to pay their salaries, pay the non execs to turn a blind eye, pay the nomads and advisers to keep quiet, they don't have a qualified accountant so they can issue misleading financial information and they will just sell the asset and pocket the money, like they did with the other assets they sold off. |
Posted at 23/1/2015 18:15 by hereford29 advice about what? aim is an unregulated market and offers no protection for investors. you can contact the nomad, their details are on the rns, Cairn Financial Advisers LLP Sandy Jamieson Tel: +44 20 7148 79 or email them - sandy.jamieson@cairn |
Posted at 22/1/2015 00:11 by time 2 retire EU and Kazakhstan initial Enhanced Partnership and Cooperation Agreement...The EU-Kazakhstan Enhanced Partnership and Cooperation Agreement was initialed in Brussels on 20 January 2015. This agreement will greatly facilitate stronger political and economic relations between Kazakhstan and the EU. It will increase the flow of trade, services and investment between the parties and will contribute to Kazakhstan's political and social development. The initialing of the Agreement is an important step towards its eventual signature and subsequent implementation. On the EU side the agreement was initialed by chief negotiators Mr Gunnar WIEGAND, Director for Russia, Eastern Patnership, Central Asia, Regional Cooperation and OSCE at the European External Action Service and Mr Luc Pierre DEVIGNE, Head of Unit for Trade aspects of European neighbourhood policy, Trade relations with countries of the CIS and Balkans at the European Commission's Directorate-General for Trade. On the Kazakhstan side it was initialed by Mr Alexei VOLKOV, Deputy Minister of Foreign Affairs and Ms Zhanar AITZHANOVA, Minister for Economic Integration. Background Kazakhstan is the first Central Asian partner to have concluded an Enhanced Partnership and Cooperation Agreement with the EU. The new Agreement will replace the Partnership and Cooperation Agreement in force since 1999, and will give EU – Kazakhstan relations a new up-to-date and stronger foundation. Over the past decades, the EU has become Kazakhstan's first trading partner and first foreign investor, representing over half of total FDI in Kazakhstan. Bilateral trade amounts to above € 31 billion, from which € 24 billion is Kazakhstan's exports, notably oil, while about € 7.5 billion is EU exports to Kazakhstan, mainly manufactured goods, machinery and equipment. |
Posted at 20/9/2014 14:31 by cascudi so in theory to buy this company you need about 89m£ that is enterprise value at the current mcap (6m£). if the interim would have shown a better 2014 revenue forecast (eg 4000 ton), the price would have shoot up and so the mcap and so the evalue. again, as several people mentioned, with all the improvement that they seems to have done to increase production and that they showed in their website (unless they are picture modified with paintshop :)) i cannot understand why the volume forecast is similar to last year. If i remember well they say that would have worked also during winter to increase production. is that possible that they wanted to give bad result in order to scare small private investors and forcing them to sell their shares. so now they can be an easier target for a bid? i guess that the bid would have to be at least 89m£/1860m share = 4p. i know it is a crazy theory... but i don`t understand this suddenly low production |
Posted at 07/8/2014 11:35 by vizz You really do live in a bubble of your own jascat where long-established rules don't seem to apply to you. Your FML stake is now worth £125,000 less than you paid for it, which you're adamant is not a loss because it's on paper, which even the average Ostrich would have difficulty coming to terms with. If that's not enough, you continue adding to your losing position with every decline in the share price in the classic mode of catching a falling knife, but remain assured in your mind that you have a protective angel that will save you from any ultimate harm. In fact, according to your last post, you're convinced of a guaranteed fat profit based on your so-called enterprise (takeover) value?It is naïve to believe that such a price will ever be realisable in practice. Whatever happens to FML will be based on what most benefits FML management, who can vote through whatever terms they wish due to their unassailable share holding. You regularly criticise FML management for the lack of concern for private investors, but somehow believe that when push eventually comes to shove over a major decision that the leopard will change its spots and offer full support to the rank and file? Ever since the time you tried to convince everyone that FML was being heavily shorted and you provided figures you said proved it (which turned out were for a different company!), it was obvious your imagination and aspirations far exceed your knowledge on equity investing. The stock market is a game of percentages where you usually lose the further you deviate from the normal odds and rely upon lady luck. If the dream you chase should eventually materialise, it will be despite the manner you have approached it and with little credit of intelligence. You have a large loss-gap to fill before your head is above water because of diving into the deep end too soon. I've always been a FML neutral trading according to market variables and have thusly accumulated healthy profits along the way, so I've not been reliant upon FML being a success to benefit. By keeping my main powder store dry awaiting real market-changing news, the risk taken on by LTBH investors is avoided. Most punters seem to have the mistaken obsession that they must get in early and hang on to win big, but they've taken on all the risk and are out of pocket as a result. Patience in when to act has been shown to be more important than having patience after committing your funds. Still, there's always the fan club for the like-minded! p.s. With nearly 2 bln shs issued and 25% free float, debt has been FML's only option. |
Posted at 07/8/2014 05:29 by jascat ga11amar. FML hold around 72% of the total shares in issue & would need 75% to go private. It is always a risk (especially for AIM stocks) that they may be bought out by management.The enterprise (takeover) value of FML is around $70 million, or over 3p per share. There is no reason to believe a buyout is likely, but even if it was, 3p would still give me a good profit. It has always been FML's plan to see the share price rise & look for a buyout, so making a large profit. I am sure that is still their intention once the share price rises. It is interesting that at no point in the past five years, has FML issued additional shares to raise cash, even when the share price was much higher. They have always went the additional debt route. This is good, as it shows they do not want to dilute the share price with additional shares & will add any increase in value of the company to the existing share pool. The May/July photos show pad 5. I have researched FML from many sources & built an opinion based on that. FML have done themselves no favours by virtually ignoring the private investors. This, in part, has led to the fall in the share price The other reason is the constant selling by what appears to be one source. Those with patience should see a bounce with the interims in September. Be aware, that many who run down FML are previous investors who bailed out & lost money when the share price fell from around 10p. They are naturally bitter & I do not really blame them for being so. I am showing a paper loss, but will continue to hold. Although always a risk, I believe FML is excellent value at present levels, but then again, I said that when the share price was 2.5p. You must examine the situation, weigh up the pros & cons & act on your findings. Halyk finance is one of the few that give an indication of a forward looking share price They also give their views on the news & how it is likely to affect FML. They are a Kazakhstan based finance company. www.halykfinance.kz/ |
Posted at 04/8/2014 12:59 by hereford29 How do you know that there is a forced seller? Forced how? it could just be someone selling because they think the company is finished. If the company regard small private investors as a nuisance, this only make it more likely that they will try to buy out small investors on the cheap or otherwise shaft them does it not? if they are just a nuisance, why do they need them at all? Why not just take the company private? If they do want other investors, why not respond to them and keep them informed? Doesn't make any sense, as Erlan used to say in his interviews. |
Posted at 15/10/2013 12:04 by smythy4 Frontier Mining (LON:FML) currently presents investors with a mix of pluses and minuses, but that there is significant potential in this Kazakh copper miner is beyond doubt.Perhaps the biggest 'tick' for the junior is the sheer scale of its flagship Benkala asset, which as executive director Yerlan Minavar recently told Proactive Investors has a resource of over 360 million tonnes of mineable ore, with potential for more. It has good infrastructure, power, even its own railway on site and its solvent extraction-electro winning (SX-EW) plant has now been upgraded to process 10,000 tpa (from 7,000tpa). On the downside, teething problems, which have now lasted many months, means the firm is exploiting only a fraction of that capacity - with, in the six months to end June, output standing at just 390 tonnes of copper. The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013. This is some way short of the 3,500 tonnes of copper that house broker RFC Ambrian had forecast for the company, although the City broker concedes this was always going to be a difficult target given the volumes of material heading to the plant. That said, there were positives to be drawn from Frontier's latest interims, including low production costs, which stand at US$3,625 per tonne of copper excluding general and admin costs. "As production volumes grow, the fixed G&A costs will decrease per tonne of copper produced and we should see positive cashflows from operations," said RFC Ambrian. Benkala started producing in August 2011 to much fanfare but its progress since then has not been convincing. Minavar emphasised that Benkala was still going through, in effect, what was a "start-up stage". "Our experts say it's normal to have a two to two-and-a-half years commissioning process," he said. Minavar says Frontier is now trying to optimise operations on site and tests are currently underway in this regard. "We are confident that we have enough ore, which is economically extractable and we will be able to produce copper for profit." One of the sticking points has been the high clay content within the ore, which the firm has been laying on the leach pads, meaning the percolation of acid through to release the copper has been hindered. A technical consultant Adam Moroney has been brought in tasked with improving these sort of issues and the firm has said progress is being made. Minavar also told investors that the oxide layer of the ore, where the clay content is the highest, had now in fact been passed, which means things should improve. He explained how the leach pads could now be stacked higher and the latest had been built to six metres (of ore) - in line with other similar projects around the world. "Assuming stack heights of 6 metres and a head-grade of 0.7% copper, Pads 3 and 4 would contain 4,000t of recoverable copper and set Frontier up well for 2014," notes RFC Ambrian analyst Craig Foggo. Another issue lurking in the background is the fact that the company has confirmed it needs what it called a "small amount" of financing to ensure further optimisation work at Benkala is carried out, and says conversations are "well progressed" in this regard with different investors. Foggo believes this cash-call could be required soon. "In a new development, the requirement to list in Kazakhstan may provide Frontier with some scope to raise additional funds, and may also assist liquidity," he adds, referring to a corporate update in the company's half year results. RFC Ambrian, which currently rates the firm 'hold', gives a guarded picture of what may be next for Frontier, though it does suggest the share price could rise. "Frontier's share price could be close to bottom if operations are now producing at the rates desired. "However, even if operations have turned the corner, there are still significant 'unknowns' as news on the latest debt terms has not been announced and alternative financing has not yet been finalised. "Should these corporate matters be resolved soon, we may see Frontier's share price lift," said Foggo. Minavar said among the firm's key goals in the near future was also to advance its South Benkala project and its other project Baitemir, by extending and defining a compliant resource number. It is also reviewing whether it can run the main Benkala operations all year round, rather than close down during the freezing winter and improve the transparency in reporting of the project. Frontier shares are unchanged today - changing hands at 1.425p. |
Posted at 09/10/2013 07:24 by smythy4 Frontier Mining confident of exploiting Benkala's potential By Giles Gwinnett October 08 2013, 2:00pm The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013 Frontier Mining (LON:FML) currently presents investors with a mix of pluses and minuses, but that there is significant potential in this Kazakh copper miner is beyond doubt. Perhaps the biggest 'tick' for the junior is the sheer scale of its flagship Benkala asset, which as executive director Yerlan Minavar recently told Proactive Investors has a resource of over 360 million tonnes of mineable ore, with potential for more. It has good infrastructure, power, even its own railway on site and its solvent extraction-electro winning (SX-EW) plant has now been upgraded to process 10,000 tpa (from 7,000tpa). On the downside, teething problems, which have now lasted many months, means the firm is exploiting only a fraction of that capacity - with, in the six months to end June, output standing at just 390 tonnes of copper. The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013. This is some way short of the 3,500 tonnes of copper that house broker RFC Ambrian had forecast for the company, although the City broker concedes this was always going to be a difficult target given the volumes of material heading to the plant. That said, there were positives to be drawn from Frontier's latest interims, including low production costs, which stand at US$3,625 per tonne of copper excluding general and admin costs. "As production volumes grow, the fixed G&A costs will decrease per tonne of copper produced and we should see positive cashflows from operations," said RFC Ambrian. Benkala started producing in August 2011 to much fanfare but its progress since then has not been convincing. Minavar emphasised that Benkala was still going through, in effect, what was a "start-up stage". "Our experts say it's normal to have a two to two-and-a-half years commissioning process," he said. Minavar says Frontier is now trying to optimise operations on site and tests are currently underway in this regard. "We are confident that we have enough ore, which is economically extractable and we will be able to produce copper for profit." One of the sticking points has been the high clay content within the ore, which the firm has been laying on the leach pads, meaning the percolation of acid through to release the copper has been hindered. A technical consultant Adam Moroney has been brought in tasked with improving these sort of issues and the firm has said progress is being made. Minavar also told investors that the oxide layer of the ore, where the clay content is the highest, had now in fact been passed, which means things should improve. He explained how the leach pads could now be stacked higher and the latest had been built to six metres (of ore) - in line with other similar projects around the world. "Assuming stack heights of 6 metres and a head-grade of 0.7% copper, Pads 3 and 4 would contain 4,000t of recoverable copper and set Frontier up well for 2014," notes RFC Ambrian analyst Craig Foggo. Another issue lurking in the background is the fact that the company has confirmed it needs what it called a "small amount" of financing to ensure further optimisation work at Benkala is carried out, and says conversations are "well progressed" in this regard with different investors. Foggo believes this cash-call could be required soon. "In a new development, the requirement to list in Kazakhstan may provide Frontier with some scope to raise additional funds, and may also assist liquidity," he adds, referring to a corporate update in the company's half year results. RFC Ambrian, which currently rates the firm 'hold', gives a guarded picture of what may be next for Frontier, though it does suggest the share price could rise. "Frontier's share price could be close to bottom if operations are now producing at the rates desired. "However, even if operations have turned the corner, there are still significant 'unknowns' as news on the latest debt terms has not been announced and alternative financing has not yet been finalised. "Should these corporate matters be resolved soon, we may see Frontier's share price lift," said Foggo. Minavar said among the firm's key goals in the near future was also to advance its South Benkala project and its other project Baitemir, by extending and defining a compliant resource number. It is also reviewing whether it can run the main Benkala operations all year round, rather than close down during the freezing winter and improve the transparency in reporting of the project. Frontier shares are unchanged today - changing hands at 1.425p. |
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