Frontera Share Discussion Threads

[loglorry1] 19/9/2018 07:48

Lots of questions as always with FRR. If YA were expecting cash then why sell forward stock anyway, assuming they did as FRR say.

Also FRR claim it didn't authorise the sale but why does it have to? Shares are bought and sold on late settlement all the time.

One thing is clear Zaza has no cash and that means the T wells have failed.

[the_merlion] 19/9/2018 07:46

Pull the other one WShak, we all know you use death spiral as the vehicle for your shorts. If they find out you colluded in what has gone on, your posts and tweets will be evidence.

Knock knock, I have already sent a email.

[tickboo] 19/9/2018 07:45

The FPR YJ confirmed in emails and on a B.B. the cash payment for Aug had been made hence the YA were not authorised to convert and then sell shares they didn't own. That's why the RNS yesterday makes sense re investigation and the fact they said purported a few times. I hope the authorities take them to task. They'll look weak otherwise and it's market manipulation so I'd urge people to write to the FCA.

[mick1909] 19/9/2018 07:43

Madpunter893 postsRE: Crude oil auctionThe oil from T39 is 41.5 API, which converted to specific gravity = 0.8179. The oil up for auction is 0.810 - 0.845.Georgian Light:Density: 0.810-0.8450 gm/cm3 at 20 CoSulphur content: max 0.3%Water content: max 1%https://www.easycalculation.com/physics/classical-physics/specific-gravity-oil.phpThe route fits. The 1000 bbls/d fits. The density fits. Perhaps FRR have to sell via government auction so that they have all the figures of sales. Then they will know when all recovered costs have been met and taxes are due (out of their 51% cut).

[mick1909] 19/9/2018 07:42

Madpunter893 postsRE: Crude oil auctionCopied from the link bugsy-b posted :-Georgian Light type oil will be delivered as follows: 3.1.1.1. under EXW(INCOTERMS 2010) terms, on the oil-gathering facility located on theterritory of the Primary Oil Treatment Unit of JSC "Georgian Oil and GasCorporation" in village Sartichala, Gardabani region (stationary objectregistration number 1120057) (to be loaded in oil tank cars supplied by theBuyer);As the oil from T39 contains condensate, I assume it requires treatment to separate the oil from the condensate. This facility is also on the rail network en-route to Batumi :-https://upload.wikimedia.org/wikipedia/commons/0/01/Un-georgia.pnghttp://nortonsafe.search.ask.com/search?chn=&cmpgn=&ctype=maps&doi=&geo=&guid=&o=APN11908&p2=%5EET%5Ecd00gb%5E&page=1&prt=&q=sartichala%20georgia&trackId=&ver=&d2=sartichala%20georgiahttp://www.searchanddiscovery.com/documents/2014/20273nibladze/ndx_nibladzeDedoplitsakaro in the above link is the nearest rail terminal, just north of Taribani (NNE).The line then runs through Sartichala (on the middle link road map, which if compared with the first link, the S5 road is near to the rail link).

[wshak] 19/9/2018 07:41

Thefozzer,I'm really not sure what is going on, to be honest. FRR obviously haven't paid them in cash if YA are selling shares they expect to get through conversion. Are forward sales illegal? I doubt it, especially if covered by a convertible agreement but the terms of that agreement may prohibit it.Who really knows? I'm not here to defend YA or FRR as I have long advocated that death spiral funding should be illegal in the Uk as it is in the States.80m shares isn't a lot, though, and it looks like the surprising recovery in FRR's share price will have been down to YA buying back after the RNS the other day.They are still owed their money by FRR and I'm not sure why you are happy about this?

[mick1909] 19/9/2018 07:40

Madpunter893 postsRE: Crude oil auction5000t of light crude x 6 = 30,000 bbls (conversion rates are 6 to 8 depending upon the density, so I have used the lower rate). Assuming that the first train is from August and the next from September, then that equates to 1,000 bbls/d, which is the rate that Zaza said FRR would be producing by the end of the year.30,000 x $75/bbl (the rate we were paid previously) = $2.25m each month.https://en.wikipedia.org/wiki/Barrel_(unit)

[tune player] 19/9/2018 07:40

Keep going Loggy keep going son....

[mick1909] 19/9/2018 07:39

Log they cant sell what they dont have full stop so breaks all rules

[mick1909] 19/9/2018 07:35

Different story if they were privy to the YA shorting information and making financial gains from this

[mick1909] 19/9/2018 07:34

They will be laughing still because they will close there shorts easy enough with averages at 0.5p so still take profit and walk a way

[the_merlion] 19/9/2018 07:33

Wheels have come off the WShak / TW / YA collusion here. Knock knock LOL

[monty panesar] 19/9/2018 07:33

I don't follow FRR but YA are the Wonga.com of the finance world.

If they have been up to shonkey business then it is easy to follow under MIFIDII rules

[the_merlion] 19/9/2018 07:32

Looks like WShak and his YA buddies been caught out dumping and closing positions using shares they never owned. Well, both could be in trouble with authority's IMO.

WShak - Shameless 'fraudster'

[tune player] 19/9/2018 07:27

WShak what’s your take on this?

[thefozzer] 19/9/2018 07:26

So YA sold shares it didn't have.

Is that legal? Loggy/WShak?