Frontier Min Share Discussion Threads

[hereford29] 23/6/2015 17:49

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?

[n0rbie] 18/6/2015 14:53

Notice to Shareholders: Frontier Mining is now in Official Liquidation
hxxp://fmlinfo.co.uk/20150616-Frontier-Mining-Limited-%28in-Official-Liquidation%29_Notice.pdf

[hereford29] 14/4/2015 12:03

Working to be the number one independent copper producer in Kazakhstan.

[ec125] 31/3/2015 13:27

looks like it was a scam from the beginning

[tonybooth2] 19/3/2015 18:28

Unfortunately initially I got into this with believing norbie and cyclops could kick myself now!! But in till the very end shares worth nothing now anyway so "whatever "

[ec125] 19/3/2015 18:14

agreed, but small shareholders won't see any of it, it will go into the Yerlans back pocket.

[induna123] 19/3/2015 15:58

I'm not saying there coming back Duss. You're putting words in my mouth. I said they're going to be sold off. But for a lot more than the current market cap.

[grahamc333] 19/3/2015 13:57

0.0200-0.0700....maybe the largest I've ever seen, nice one mms..!

[grahamc333] 19/3/2015 13:55

Now thats what u call a spread lol..!

[dusseldorf] 19/3/2015 10:00

Induna123 - I've had circa 5 investments go off market over last 15 years, none have ever come back. Good luck though, it may come back one day.

[ec125] 18/3/2015 14:58

and it also needs competent management and a qualified finance director, neither of which the company has ever had, and that's the reason it was destroyed in the first place. A head in the sand approach when in 2012 they could have raised finance to get the company on a better footing, and installed a competent and experienced Project Manager and CFO, they refused to do so. I've also held all my shares since 2010.

[induna123] 17/3/2015 16:46

Duss, we know they will delist at the end of this week. They'll become a private company but I'm prepared to wait and sit it out as I don't believe the situation is as dire as some are making out. Sure they've had poor production numbers over the years since commissioning Benkala and that net debt is $92m but there's still value here, certainly more than what the current market cap suggests.

The reason why the share price has tanked so hard is that people are scared of not being able to trade stock, but that's not important to me. Only the end game is, when the company eventually gets sold off. Benkala can work, it just needs a big player to fully exploit it.

[saud2237] 17/3/2015 10:14

Take a look at RRR. News imminent this week and see hxxp://t.co/NZkjwbinXV

Colombia (SALE WILL GENERATE MORE THAN CURRENT MCAP)

Further to the announcement of 2 March, the buyers have notified us of a planned execution date for all parties next week. Red Rock has commissioned legal opinions in the Cayman Islands and Colombia, which are a requirement by the completion date, and expects completion to follow shortly after execution.

Ivory Coast

Results from 648 composite samples at Dabakala and 238 samples from Alepe have been received, and are being analysed and mapped by the Company and its advisors, following which an announcement will be made.

[dusseldorf] 17/3/2015 09:50

WARNING - This delists Friday and many brokers won't allow trading online even now:
The last day of trading of the Ordinary Shares will be 19 March 2015 and cancellation of admission to trading on AIM will take place with effect from 7.00 a.m. on 20 March 2015.

[induna123] 17/3/2015 08:49

That's what they want, ordinary pi's like yourself to throw in the towel and sell your shares, squeeze you out. I hoping they they do get sold off, from today's price you can make 100 times profit.

[ec125] 14/3/2015 14:13

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.

[temmujin] 05/3/2015 19:28

i wouldnt worry about this share..just pile into oxus and sod the rest

[mrwindmill] 03/3/2015 15:08

The new chinese silk roads going through kazastan to russia and kaz is part of the eurasian economic grup which is expanding

[induna123] 03/3/2015 11:27

So they've provided a facility to trade FML stock even after the delisting, nice. Matched trades as well so no spread to cover.

Mr Windmill, I expect Kaz Minerals to be the likely candidate or possibly a Chinese company. They always seem to pop up out of nowhere.

[mrwindmill] 02/3/2015 18:49

Yes if you were a buyer of the company wait till it's delisted.Have they got someone lined up?

[induna123] 02/3/2015 08:30

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.

[colin12345678] 02/3/2015 08:03

BUYS!!! plus 10%

[stallone10] 28/2/2015 20:40

Name the source

[temmujin] 28/2/2015 12:08

rumour of KAZ bid in the city late last night...interesting times