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FML Frontier Min

0.025
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Frontier Min LSE:FML London Ordinary Share KYG368211093 ORD USD0.01(DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.025 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.025 GBX

Frontier Min (FML) Latest News

Real-Time news about Frontier Min (London Stock Exchange): 0 recent articles

Frontier Min (FML) Discussions and Chat

Frontier Min Forums and Chat

Date Time Title Posts
23/6/201517:49Frontier Mining 2012 - Copper Production in Kazakhstan (Moderated)2,672
23/1/201520:22frontier mining....over spammed dog122
12/12/201309:09FML - Bankruptcy Proceedings for a Cayman registered Company45
12/12/201309:05FML to delist?63
11/12/201313:40Update today8

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Frontier Min (FML) Most Recent Trades

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Frontier Min (FML) Top Chat Posts

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 02/3/2015 08:30 by induna123
There's a rumour that the situation at FML isn't nearly so bleak as some might think and that this whole episode has been engineered to scare ordinary shareholders into selling, so the big holders can scoop up the rest of the outstanding stock. Bring their holdings up from 75% to 90% or higher. The reason being they're going to sell FML off at some point.

If it's true then a lot of people have been shafted. If the board can restructure the debt and get production up for 2015 then they will become a takeover target. That or they will attract a bigger partner. It's unlikely they'll go bust imo.

Either way they don't want us little guys to be part of it any longer. Looks like AIM has outlived it's usefulness for them. At today's price of £1m, it could be a bargain if they sell for £30m, £40m, £50m ect... You only have to look at the chart. This time last year the market cap was around £30m. A year before that it was £60m.

For what it's worth I've picked up 1m. I can live with the fact that you won't be able to trade these any longer but I'm prepared to hold them for how ever long it takes for them to be sold off. You don't get a 5000% return from the bank or building society. It's worth the gamble in my eyes.
Posted at 18/2/2015 15:46 by bozzy_s
Hope that muppet Smythy4 is still holding. Remember him spamming all over ADVFN 15 months ago. FML only down 96% since his "FML STRONG BUY" "FML NEWS DUE, BUY NOW" "FML ABOUT TO TAKE OFF" etc etc etc etc etc......


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He did it over a period of weeks, on loads of BBs. More persistent and annoying than most scammers / pump and dump con artists.
Posted at 17/1/2015 22:17 by temmujin
this should help FML
Interesting comment from Financial times

Kaz Minerals rallied 9.5 per cent to 194.1p, having fallen sharply on Wednesday in tandem with copper. The rebound came amid speculation that Kazakhstan could devalue the tenge, which tends to follow the rouble, but is pegged against the US dollar.
Kazakhstan’s 2014 devaluation triggered a 20 per cent share price rally for Kaz, which pays around 60 per cent of its costs in tenge, analysts said.
Posted at 10/8/2014 18:42 by vizz
It's a very popular excuse when a company's share price is in decline to blame a forced seller,
since this shifts focus from being an unknown problem of the company to the dilemma of some individual investor. With a forced seller though, there's usually an element of urgency in the disposal of shares, which means within days or a few weeks at the most,
but not over many months as has been the case with FML. A forced seller also doesn't advertise his predicament to the market in the manner of our 300k lot chap, therefore it can be assumed on both time and transparency that the seller in question has been working to a plan and is not selling under duress.

Why would someone act in the manner summarised above? One reason would be to place steady downward pressure on the share price to a lower and lower level as a prelude to taking FML private or some other corporate carve-up of the assets.

The repeated 300k sales over time unsettles the market and encourages nervous bulls to join in the selling or remain as watching bystanders with a firm grip on their wallet.
With nearly 2 billion shares in issue, the sacrifice of 5 or 10 million shares is chicken feed in cost for what is achieved if undermining the share price is the objective.

As usual, I look for the worst scenario to limit my surprises - DYOR
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/en/site/index/research/er:77214
Posted at 06/8/2014 20:15 by vizz
FML's stated RNS hope was to have pads 5 & 6 fully stacked by this coming winter so that leaching becomes possible when the thaw commences, with some chance of limited production beforehand if weather permits.

However, every positive aspect one cares to name about FML's prospects will mean nothing for rank and file shareholders if its decided to take the company private, which would be easy for management in view of holding 75% of the voting rights.

Why pay more than the current share price or even that, if FML can be gobbled up by corporate shenanigans? This is why institutional money won't go near FML.

ga11amar - If you knew jascat's history, you would not be asking for his advice.
Posted at 28/7/2014 12:13 by vizz
It's worth quoting my post on iii this morning and adding comments for perspective.

=========================
"Anyone thinking that FML might not receive the funds from its Baitemir disposal have been conjuring up fear out of nothing. The only unknown was whether the new owner would be a private company or a Kaz government agency - that decided by the usual regulatory process.

Absolutely nothing has materially changed with FML's position from last week, only temporary relief felt by some of the more nervous and less savvy fan clubbers before the usual share price decay for most of this year resumes."
=========================

As always with small-cap stocks with any news that seems positive, there are blinkered punters chasing dreams who see more than is there and of course "monkey see-monkey do" chancers who buy into any share price bounce, then later bail out after the expected payday fails to materialise.

Jascat (known as Dot Commie on iii), a PI who cannot be faulted for not putting his money where his mouth is, has more to gain (and lose) than most punters with his declared 8m+ shares. However, his all in or nothing roll of the dice with fingers crossed is not the sensible stance of anyone wishing to survive long term in this game. Maybe he and others of the same mind-set who have thrown all caution to the wind will eventually come out smelling like a rose in the same fashion as a lottery winner, but it's predominately luck and not intelligence that rules.

On iii 10 March, Dot, under the thread "Now is the time to buy", said, "I believe this to be the low point.", referring to FML's share price In the 4+ months since, the share price has fallen roughly 50% or to view it another way, it will take a 75% rise from now for the share price to just get back to where it was in March. Those who patiently held their shares or bought more as Dot advised have had a hard lesson.

Hereford29 has been criticised for making quite valid observations about the risk of FML being taken private or some other exploitive action against the interests of rank and file shareholders. I have always held such concerns, which is why I restricted myself these past several years to only trading FML, as opposed to investing. Up to about a year ago it had been quite profitable for me, but the steady share price decline and being unable for FML to be shorted has basically made me a bystander.

FML is a company with 75% of the shares and voting rights held by only a couple people. That alone is a red flag of danger and just one reason why no institution will touch FML shares. AIM shares are risky enough as a group without venturing out onto thin branches of the tree seeking prized fruit.

Roll on the winter of 2014/15 when the story and risk should be transparent.
Posted at 28/7/2014 08:07 by induna123
Here's a great post on the iii bb. Very realistic imo.

Thu 18:13 Re: Revenue from sales BmouthTrader 6
UQ,

I tend to agree. I think 0.70 is as low as FML will go, in other words I don't think it is going bust this year. FML was so horrendously cheap at 1p that even Vizz dipped his toe in the water WITHOUT the long awaited proof of production volumes or a turnaround in sentiment. Not enough people followed Vizz to stop the rot, but at .75p the obvious risks start to become worth accepting for the potential rewards.

Surviving 2014?
All FML needs to do this year, to make buying at today's price a no-brainer, is survive. I would put survival at 3.0 kt production. More, for instance the 4.8 kt predicted in the year end update, would be great. But given the extensive cost cutting and the reasonable price of Copper atm, 3.0 kt should provide enough gross profit to cover this years interest payments. Last year interest payments totalled $10m on $95m of outstanding debt. Assuming that the $30m from the Naimanjal sale can be used to repay the more expensive debts, interest payments should be less than $7m this year.

Last Year
Revenue was $10m on sales of 1.5kt, a realised price of $7k/t. (1.7kt produced, but 0.2kt inventory at year end).
Production costs were $4k per tonne, totalling $7m. Fixed costs were approximately $5m.

For 2014 sales of 3.0kt would generate $21m revenue at a cost of $12m. $5m fixed costs leaves a profit of $4m. Not quite enough to cover the total interest, but not bad.

Debts
Management have proved remarkably efficient at raising new loan notes or rolling over existing ones as required, so I am not worried about the large amount of debt due on 31st Dec 2014.

2015
Adam Moroney was always very clear that the winter of 2014/2015 was the real test for FML. There wasn't time to include all of the potential mitigations against the Kaz winter in the heaps laid at the end of 2013, instead this last winter was a trial to prove that the basics work, such as the 6m heap. Triallied in a smaller area, was the forced aeration. What I am looking for is proof that these worked, and have the potnential to work better with further improvements. The real test is this winter ahead, when FML have had all of 2014 to prepare several heaps at full height incorporating all possible methods to maximise winter production. If FML can produce enough to survive in 2014, it will be that first operational update this time next year, that could well turn DC in to a very rich man and me in a to slightly more wealthy individual. An update in the next mnth or two to show we are on the right track, should get us back towards 1.5 - 2p and keep us there until the real money can be made.
Frontier Min share price data is direct from the London Stock Exchange

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