Frontera Share Discussion Threads

[tickboo] 25/1/2018 19:38

He did say he didn't say which year!Vut he didn't say just $30m for tarabani. Twisting words there mate

[bumpa33] 25/1/2018 19:25

I can see the RNS first thing...

“We are deeply saddened to report that our beloved leader & shining light Zaza Mamashallispinitonemoretime was burnt at the stake in One American Square at approximately 20.30 hours yesterday evening by a frenzied mob. His last words were “I didn’t say which Xmas...!”

The search for a suitable replacement will now start in earnest and we hope to update the market as soon as we’ve found a suitably plausible smooth talking bar steward to lead Frontera on the next chapter in our quest to relieve as much money as we can from our dear devoted shareholders”

Ends.

[loglorry1] 25/1/2018 19:12

Are any of the angry mob holding pitchforks chanting "burn him" yet?

[dodge city] 25/1/2018 14:59

Whoever it is who keeps buying 5 million chunks is obviously not too worried about a margin call on IG.

[bumpa33] 25/1/2018 10:48

this is concerning SB's, i will check over the weekend my CFD account and see if the same applies.

[bumpa33] 25/1/2018 10:39

interesting post on LSE alluding to increased margin percentages at IG on FRR.

Wonder who can and who can't afford larger deposits on their account.


IG are moving the margins on FFR spreadbets

Was 25% up to £108000 per point

Now 25% £41,000
40% next £41,000
60% next £41,000
75% after that

All spreadbets are secured with real share buys or sales so fair to say many margin calls coming in over this coming weekend

[bumpa33] 24/1/2018 11:38

Log - you know full well we’re going through a phase when punters don’t give a toss about mkt cap, enterprise value, outstanding debt etc etc. all they see, all they want to see rather, is the pot of gold at the end of the rainbow - not quite grasping its nearly always merely an illusion.

[loglorry1] 24/1/2018 11:35

Crikey @tickboo you sound like a bear!

FRR market cap and enterprise value is higher than its been for a long time. As far as I can tell they are in a worse position than they've been in for a long time.

Folk hanging on expecting the share price to return to higher values need to understand Zaza and Nicandros have printed 16.5 billion shares and the printing presses are still running flat out. That kind of dilution has nailed existing holders.

[tickboo] 24/1/2018 10:02

Yep, anyone investing in PLCs on the basis of what a random poster on a BB says deserves to lose their money.

Some think another RNS will drop before tomorrow but I very much doubt that, I think Zaza will be explaining the delay in ud-2. What is interesting and didn't appear in the initial ud-2 update is the second para below in the notes to editors. Although he's young he seemingly has good pedigree and left a decent job to join FRR and hopefully make even more of a name for himself. I might well be clutching! This was posted on iii and then lse.

1. Information on Resource Estimates: The independent contingent and prospective resources estimates contained in this announcement were determined by the independent consulting firm of Netherland, Sewell & Associates (NSA) in accordance with the definitions and guidelines set forth in the 2007 Petroleum Resources Management System (PRMS) adopted by the Society of Petroleum Engineers (SPE).

Dustin Aro, Frontera's Vice President, Well Completion and Stimulation, is the qualified person who reviewed and approved the technical information contained in this announcement on behalf of Frontera Resources. Mr. Aro has extensive experience in the oil and gas industry and holds a Bachelor of Science in Engineering and a Bachelor of Science in Business Administration from Michigan Technological University.

[loglorry1] 23/1/2018 17:57

@tickboo it's not about what Zaza wants. If he creates a false market by releasing a load of ambiguous guff which is designed to make people think UD2 is a commercial discovery, only then to announce it's sub commercial, he's broken the rules.

You may think that's OK but think about the poor sods who bought shares from YA yesterday at 0.7p or higher.

[tickboo] 23/1/2018 16:20

I'll be honest and relay what Zaza says. I've no doubt he'll say he wants to release the flow once all zones have been tested as he did touch on that in the last meeting. I'll ask about more missed targets and why tell unofficial channels (video and the various conferences he spoke at) testing would be concluded in 2 weeks. Then Zaza spoke about Xmas pressies in December but then delivers news in late Jan that has disappointed many holders and more importantly the MMs. No xmas presents or rather a damp squib RNS that lost the momentum it was gaining. I'm sure many others will post so I can nick some of the content i agree with and post here. I'm sure he'll get some tricky questions. Zaza is a smooth operator and I'm sure will be well prepared so it should be interesting.

[loglorry1] 23/1/2018 15:59

I guess Zaza will need to put on quite a good show at the Investor meeting for the faithful as some may question him a bit more closely than usual. Nothing he can't handle I'm sure. However perhaps patience might be wearing a bit thin now with some.

I assume only a few will actually go to the meeting and we can be sure they'll all post about how reassured they were by progress. Having said that isn't that what always happens anyway so what is the point of the meeting anyway.

I wonder if @tickboo will be honest about what he is told.

[bumpa33] 23/1/2018 14:00

I’ve closed out again round .59 this morning. Suspect that the stupid and the dreamers may come in again prior to Thursday - with the hope of a second coming when Zaza walks into the room - and we’ll get another shot from higher up.

Gonna take something big to thump this POS down once and for all I suspect.

[loglorry1] 23/1/2018 11:50

Looks like the penny is dropping a bit more here. Time and time again the bulls have argued this isn't the same old Frontera "excuses" Resources. That this time it is different because Zaza is in charge.

Yesterdays RNS was true to form. Just more excuses and no flow rate.

I get the feeling holders here may be starting to wake up to the fact that this is the way this company rolls. Raise and rinse but never deliver. That's why there are 16.4 billion shares in issue, over $400M raised and no real revenue streams after 12 years of operating.