|Frontera Resources Corporation
||ORD SHS USD0.00004 (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Frontera Share Discussion Threads
Showing 25951 to 25972 of 25975 messages
|Good morning, folks.
I have just written an article on FRR elsewhere.
PS. I see nobull is till writing sensibly. I remember him from the old days ...|
|Resource stocks really coming back now, BOR has a large stake builder in the last month just taking on any sells.Results due next week, hoping for a CHAR style response. Cash rich and proven discovery for £20m market cap.|
|£200m debt?! That's false. CLNs and RPNs are less than £50m and the CLNs have been rolled over so Outrider et al are expecting to get paid. FRR will have its AGM in the coming 4 weeks or so and my bet is we'll have a deal to pass in the resolutions, assume that's why it's being delayed. SN up for re-election so some tangible results needed.|
|That's right @Alexios1201 yes Frr £200m debt £34m cap today and similar gas to GW in Wales. INFT 18 tcf gas no debt and £1.6m cap. It could be ours as INFT is GW's planned route to get the resource to market. "News short term assured"|
|nobull - I know you must be a very sceptical person. You pose questions that seem reasonable to you, but I am here to make money, you seem to be here only to pick holes in strategy. I can only answer you by saying I have made and will continue to make money here. What do you do?|
|Contra, the right temperament is to be sceptical. CEOs and directors who live in the future and are in denial about the past, who can't express coherent plans in relation to the balance sheet, who fail to put out detailed steps to long term goals by which their progress can be measured, who don't do live Q&A sessions with shareholders and who have a record of passing off one business model in place of the real one need to be asked technical questions and need to have their RNSs treated with the utmost scepticism.
You have not answered the question of why anyone would do a farm-in on so little time left on the exploration license - or have I misunderstood - the farm-in is to capitalise a stream of revenue from existing gas sales? And on your optimism, don't forget the three other unaccountable parties higher up the food chain.
Tickboo, thanks for your comment. I hope I am wrong.
And a further point, Contra, why would you keep the balance sheet so stressed by stopping the only activity that can put the company in good health?|
|nobull - I don't know why you buy shares, you have absolutely the wrong temperament. You are such a negative person that your cup is never half empty, it's just empty!.|
|Correct nobull. They have to submit a FDP by Sept or so given the license expires in Nov. I assume the deal is close or they wouldn't have announced it and given Outrider rolled the CLNs over they believe they're getting paid. Perhaps they helped broker the deal. Good to see Zaza with the Energy Minister and SN with the PM last year. I assume it's a consortium and they're dotting the Is and crossing the Ts. SN has a lot to lose cash wise if this goes back to the GG. SN should get a farm in and have a 20% or so stake to ensure revenue is coming in and do one to Moldova by which time 95% of my shares will be sold and I'll keep a nominal holding. SN is up for re-election so I assume they'll be some interesting resolutions and the farm in should be included.|
|The JV / farm-out may or may not happen. I shall be very pleased if it does lead to a recovery in the share price. The past value destruction by dilution is not a half truth. It is a fact. I can't see how unless commercial production is achieved before the exploration license expires that it makes a jot of difference how many trillion trillion trillion cubic metres of gas in place we have. Correct me if I am wrong, but I would have thought the ownership of that reverts to the host country on expiry of the exploration license. The PRODUCTION LICENSE only applies to the stuff that is capable of coming out of the ground in an economically viable manner at the expiry date of the EXPLORATION LICENSE.|
|Contra, I agree. I understand the scepticism here due to hears of missed targets and half-truths. My bet is news of a farm in or JV (hope a farm in) will come with notice of meeting resolutions. Although it's multi/bagged from 0.07 there should be a way to go.|
|For those of you who don't do any research, quite a few judging by the posts, There is about to be a JV/buyout. Listen to the conference call a recording of which is now on the FRR website. FRR has discovered huge reserves of gas and oil, on shore, and next to oil and gas pipelines built by and under construction by BP.
There is only a small window of opportunity to buy in before the AGM/JV/Buy out is formally announced. Who knows where the share price will be then.|
|That's some recovery!|
|Took my stake out now so am in for a free ride. Not quite sure why it has doubled this week....but it has. Good luck holders!!|
|Good to see the comeback of many oil & mineral stocks.
BOR has seen a wall of sells over the last 2 weeks, all mopped up with no movement in the price. So either institutions or others are building a stake.
Although oil is taking a hit of late, 2017 is the rebound imo.
BOR is worth a look, totally opposite chart to Falkland oil peers, RKH and ARG.|
|I think this could re-rate significantly IF a partner is brought in with a real capability to execute. After all the resource potential is not in doubt is it ?|
the call is now on website, will give it a listen.|
|I haven't heard the call and it's not on the website yet and it's unlikely to appear.
The question is yet again who is the party they are proposing to work with and how long will it take to finalise the deal.
I suspect you will never know who the proposed partner is, if at all the farm out deal ever comes off.
The debt issue is still not resolved and they must still be burning cash.
From what I gather Dross was just as incoherent in yesterdays call as he was in the previous one. How can that be, are the Georgians seriously working with a fool who is not able to present clearly to his own investors.
The rampers over at LSE have been working themselves into a frenzy overnight so no surprise at today's spike.|
|Dodge, very unlikely I'd say.
I took a massive gamble and averaged down to around 0.3 and my 30m purchased since mid June to Jan(0.14 to 0.07) cost circa £30,000, 0.1p. Most would top slice and bank some profit but I believe there is a way to go, certainly if a deal materialises which makes sense given the CLNs were rolled over (creditors in the know).|
|What's the chances of this finishing even on the day?|
|How long have you been here for nobull? I've been here 6 years and there has been too many false dawns but try enjoy the rise|
|I am pleased I am getting back some of my lost wealth back today, at least on paper.|
|There gutted they are not in|