Frontier Min Share Discussion Threads

[temmujin] 23/6/2014 14:36

because final results this month and heard a rumour they are going to be good

[937huff26] 20/6/2014 07:55

I thought that at 3p, what are you basing that on? Always 100% loss to the floor
whatever price you pay, I hope it does go up from here being a long but that is what it is just a hope, best of luck temmujin

[temmujin] 19/6/2014 10:11

just bought in..good buy price

[cascudi] 05/6/2014 20:37

Thank you to let me know

[jascat] 05/6/2014 19:20

If anyone cares to look, the 2012 results are due out by the end of this month. They are usually accompanied by an update of of recent activity. So look for an RNS on Monday the 30th June.

[937huff26] 05/6/2014 16:03

should get something soon, 3 months and not a peep.

[cascudi] 05/6/2014 12:49

good buys today. when is next production update due?

[colrad] 20/5/2014 17:12

There is a small sign of life, A few pictures from
May have just been uploaded to there gallery. At this
rate RNS by Christmas.

[vizz] 28/4/2014 13:52

Roadster - The so-called short squeeze has always been a big fat red herring IMO.
Like everything else with FML, much absence of transparency about facts.

[roadster750] 28/4/2014 12:28

from jan 2012

"The shares involved are approximately 77 million for BMF International Limited (representing
approximately 4.1% of the issued share capital of the Company) and 98 million for Teratorn International
Limited (representing approximately 5.3% of the issued share capital of the Company).
Under the terms of the loan agreements, the lenders may trade the pledged shares in the market.
However, as long as BMF and Teratorn adhere to the terms and conditions of the conditions of the
loans, the lenders are obliged to return the full amount of the shares to BMF and Teratorn on the
redemption of the loans at the end of the loan period.
The Company has undertaken an analysis of the share register and considers that, in the period from
March to December 2011, the loan counterparties have sold over 160 million of the pledged shares in
Frontier into the market. "
anyone any information regarding this situation.

[937huff26] 12/3/2014 16:25

it would be nice to see it break 1.5 resistance.

[divinausa1] 12/3/2014 12:57

started to get noticed and volume increasing along with the offer...

[937huff26] 11/3/2014 14:34

vizz - I know what you mean.

[vizz] 11/3/2014 13:35

937 - I cannot fault your down-to-earth rational appraisal of the situation, which is rather out of place on a fan club chat board where the norm is totally unrealistic dreamers vying with each other in forecasting their multi-bag nonsense.

[937huff26] 11/3/2014 12:48

The choice was either sell Baitemir, placing / open offer or other debt finance by the likes of Darwin etc.
The production picture here is more likely to improve than not in my opinion and this will provide positive sentiment, it is by no means a foregone conclusion that Benkala will prove profitable but again it is my opinion that with a focus on production at a single asset the situation has improved for all involved including me. AIMHO

[divinausa1] 11/3/2014 10:24

Directors will be piling in when they can at these levels...

[divinausa1] 11/3/2014 10:22

Think we will hit 3p near half year and next year move on to circa 10p
think we can easily 10 bag from these levels...

[vizz] 11/3/2014 10:10

Creditors placing a gun at the temple of FML management takes away any ideal that the sale of Baitemir was a decision of free choice. Baitemir had a NPV of $52m and represented the last of FML's in-house assets, so from here on it all depends upon much-altered operations at Benkala being successful or it's bust.

According to FML, the verdict will not be known until the winter of 2014/15.

[cascudi] 11/3/2014 08:54

i totaly agree with you 937... the good winter result that was obtained with temp -36Celsius in some cases.. the decision of selling some asset instead asking for right issue or warrant.. make me think that the management is very sirious of what they do and increase my trust on them .. I hope share price will start to raise now..

[937huff26] 10/3/2014 19:19

Happy with the decision myself, if they concentrate their efforts on Benkala they are more likely to succeed, I have had too many companies with multiple land holdings and insufficient funds to explore properly, this is the clever thing to do even if they may have been pressurised.

[vizz] 10/3/2014 14:48

Hard financial reality has reared its ugly head yet again as FML is forced to sell the family jewels to pacify its creditors, although FML will still be over $50m in debt AFTER this is concluded. With Baitemir and the rest of the Naimanjal territory being sold at a bargain price compared to previous expectations, FML is now truly a case of a Benkala or Bust operation.
Will not be surprised if the next RNS released will be a bring & buy sale!

As for winter production, fine in principle, but of little meaning without figures they've not disclosed. From vast riches once dreamed of by its fans, FML has gradually reduced its resources to a still unproven core operation where the final outcome will not be known before the 2014/15 winter.

[divinausa1] 10/3/2014 10:41

happy with todays news. think the share price can recover soon back up towards 3p then still hope to get out around 10p

[cascudi] 10/3/2014 09:02

fantastic news in my opinion. I was a bit worried about the debt situation.. but this news has cleared out my doubts.. hope share price will start to move now

[orchestralis] 10/3/2014 08:51

Rns out The Company is pleased to announce that it has agreed to sell its 100% owned subsidiary FML Kazakhstan LLP, owner of the Naimanjal licence area, for a cash consideration of US$30 million to Union Transnationale Miniere S.A. ("UTM"), subject to regulatory approvals in the Republic of Kazakhstan ("RoK"). The Naimanjal licence area is located approximately 200 km West of Semey in North East Kazakhstan, with four commercial discoveries covering 529km(2), including Baitemir, Yubileiny and Beschoku.

[n0rbie] 10/3/2014 08:50

Thoughts on disposing everything else and going "all in" on Benkala?