Frontier Min Share Discussion Threads

[cottoner] 14/11/2013 09:50

FML is looking increasingly grim. Pointless hanging on in here with SO many other stocks taking off on AIM and money being made hand over fist.

FML looks about to slump

Sell FML

[smythy4] 14/11/2013 09:46

The Company has been advised by two of its significant shareholders, BMF International Ltd ("BMF") and Teratorn International Ltd ("Teratorn"), that last year they entered into a number of three year hypothecation loan agreements whereby their shares in Frontier were transferred to the lenders as collateral for the loans. 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.

[smythy4] 14/11/2013 09:15

"Frontier Mining Ltd. (FML) is targeting an eight-fold increase in its market capitalization to $1 billion by 2014 after the U.K. explorer starts copper production in Kazakhstan later this year.

Frontier is seeking to become the second-biggest copper producer in Kazakhstan after Kazakhmys Plc (KAZ), Chief Executive Officer Erlan Sagadiev said yesterday in an interview in London. Production is slated to begin by June and reach as much as 5,000 metric tons of copper this year before ramping up to 20,000 tons in 2014, he said.

"We'll then generate about $160 million of turnover and should be valued at north of $1 billion," Sagadiev said. The company is currently valued at 84 million pounds ($133 million).

Copper prices have climbed 11 percent this year to $8,437 a ton on the London Metal Exchange on increased demand from Asia. At the same time, strikes and slower-than-expected projects have curtailed supply growth. Barclays Capital predicts a third consecutive copper shortage in 2012 and another one next year.

The cash cost of producing copper at Frontier's Benkala project in northwest Kazakhstan will be about $2,300 a ton, the CEO said. That rises to about $3,800 a ton when taxes are included, he said.

The mining company has funding of $54 million in place to start operations and will need a further $35 million to meet its 2014 production target, Sagadiev said.

"We will fund this through cash flow and debt," he said. Management would only consider selling the company once output starts and it can "realize the potential of its assets," he said in the interview.

Frontier has already become an acquisition target for Russian, Chinese and Korean companies seeking to gain a foothold in Kazakhstan, Sagadiev said, without elaborating.

Kazakhmys, which has an annual output capacity of about 300,000 tons, is Kazakhstan's biggest copper producer.

To contact the reporter on this story: Firat Kayakiran in London at [e-mail]

To contact the editor responsible for this story: John Viljoen at [e-mail]
"

[smythy4] 14/11/2013 09:14

"Frontier Mining Ltd. (FML) is targeting an eight-fold increase in its market capitalization to $1 billion by 2014 after the U.K. explorer starts copper production in Kazakhstan later this year.

Frontier is seeking to become the second-biggest copper producer in Kazakhstan after Kazakhmys Plc (KAZ), Chief Executive Officer Erlan Sagadiev said yesterday in an interview in London. Production is slated to begin by June and reach as much as 5,000 metric tons of copper this year before ramping up to 20,000 tons in 2014, he said.

"We'll then generate about $160 million of turnover and should be valued at north of $1 billion," Sagadiev said. The company is currently valued at 84 million pounds ($133 million).

Copper prices have climbed 11 percent this year to $8,437 a ton on the London Metal Exchange on increased demand from Asia. At the same time, strikes and slower-than-expected projects have curtailed supply growth. Barclays Capital predicts a third consecutive copper shortage in 2012 and another one next year.

The cash cost of producing copper at Frontier's Benkala project in northwest Kazakhstan will be about $2,300 a ton, the CEO said. That rises to about $3,800 a ton when taxes are included, he said.

The mining company has funding of $54 million in place to start operations and will need a further $35 million to meet its 2014 production target, Sagadiev said.

"We will fund this through cash flow and debt," he said. Management would only consider selling the company once output starts and it can "realize the potential of its assets," he said in the interview.

Frontier has already become an acquisition target for Russian, Chinese and Korean companies seeking to gain a foothold in Kazakhstan, Sagadiev said, without elaborating.

Kazakhmys, which has an annual output capacity of about 300,000 tons, is Kazakhstan's biggest copper producer.

To contact the reporter on this story: Firat Kayakiran in London at [e-mail]

To contact the editor responsible for this story: John Viljoen at [e-mail]
"

[killieboy] 13/11/2013 19:54

Who is Smythy4 - seems to be ramping this one up all over the place - BEWARE.

[gc321] 13/11/2013 16:45

Induna, i have done my own research thank you very much. I have not been taken in by anybody. The continual spamming by smythy is of no interest to me. I'm still intrigued by the likes of you and many others who have so much interest in a share you dont own? I have invested in similar companies to this, with similar problems and made a lot of money.

[smythy4] 13/11/2013 15:54

Frontier Mining Ltd (AIM: FML), the AIM quoted copper exploration and development company focused on Kazakhstan, wishes to update the market on the trading volume of its shares over the last few months of 2011.



The Company has been advised by two of its significant shareholders, BMF International Ltd ("BMF") and Teratorn International Ltd ("Teratorn"), that last year they entered into a number of three year hypothecation loan agreements whereby their shares in Frontier were transferred to the lenders as collateral for the loans. 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. Frontier was at no time notified by the lenders of the share sales into the market.

[oilbuy] 13/11/2013 15:44

Poor old Smythy4 paid 3.3p, thats why he's spamming other threads with FML ramp. Beware of Smythy4.

[smythy4] 13/11/2013 15:41

FML Website Updated - Photos now working


It IS of comfort to see that the infrastructure, delayed as it has been, is now all in place. Later than expected, it looks ready to start turning the huge capital investment into cash. Finally FML, let's go!

[smythy4] 13/11/2013 15:31

Up again.....buyers returning ahead of operational & finance update.

[induna123] 13/11/2013 15:29

4,000t of clay more like.

[smythy4] 13/11/2013 15:23

Frontier Mining (LON:FML) currently presents investors with a mix of pluses and minuses, but that there is significant potential in this Kazakh copper miner is beyond doubt.

Perhaps the biggest 'tick' for the junior is the sheer scale of its flagship Benkala asset, which as executive director Yerlan Minavar recently told Proactive Investors has a resource of over 360 million tonnes of mineable ore, with potential for more.

It has good infrastructure, power, even its own railway on site and its solvent extraction-electro winning (SX-EW) plant has now been upgraded to process 10,000 tpa (from 7,000tpa).

On the downside, teething problems, which have now lasted many months, means the firm is exploiting only a fraction of that capacity - with, in the six months to end June, output standing at just 390 tonnes of copper.

The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013.

This is some way short of the 3,500 tonnes of copper that house broker RFC Ambrian had forecast for the company, although the City broker concedes this was always going to be a difficult target given the volumes of material heading to the plant.

That said, there were positives to be drawn from Frontier's latest interims, including low production costs, which stand at US$3,625 per tonne of copper excluding general and admin costs.

"As production volumes grow, the fixed G&A costs will decrease per tonne of copper produced and we should see positive cashflows from operations," said RFC Ambrian.

Benkala started producing in August 2011 to much fanfare but its progress since then has not been convincing.

Minavar emphasised that Benkala was still going through, in effect, what was a "start-up stage".

"Our experts say it's normal to have a two to two-and-a-half years commissioning process," he said.

Minavar says Frontier is now trying to optimise operations on site and tests are currently underway in this regard.

"We are confident that we have enough ore, which is economically extractable and we will be able to produce copper for profit."

One of the sticking points has been the high clay content within the ore, which the firm has been laying on the leach pads, meaning the percolation of acid through to release the copper has been hindered.

A technical consultant Adam Moroney has been brought in tasked with improving these sort of issues and the firm has said progress is being made.

Minavar also told investors that the oxide layer of the ore, where the clay content is the highest, had now in fact been passed, which means things should improve.

He explained how the leach pads could now be stacked higher and the latest had been built to six metres (of ore) - in line with other similar projects around the world.

"Assuming stack heights of 6 metres and a head-grade of 0.7% copper, Pads 3 and 4 would contain 4,000t of recoverable copper and set Fr

[induna123] 13/11/2013 15:03

Sorry GC321 but it appears you've been taken in by the con man. YOU need to do your research, not others.


FML is a sick clay dog at present. Kazakh winter approaching means FML will closing down operations at Benkala for the next six months as minus 50 degree conditions will prevent even the most hardy of individuals from performing their duties. Essentially nothing will be happening here until next June.

DYOR!!!!

[induna123] 13/11/2013 14:55

One of the sticking points has been the high clay content within the ore, which the firm has been laying on the leach pads, meaning the percolation of acid through to release the copper has been hindered.


The only thing Benkala has been producing lately is clay. If they were into pottery they'd be quids in.

[smythy4] 13/11/2013 14:42

Frontier Mining (LON:FML) currently presents investors with a mix of pluses and minuses, but that there is significant potential in this Kazakh copper miner is beyond doubt.

Perhaps the biggest 'tick' for the junior is the sheer scale of its flagship Benkala asset, which as executive director Yerlan Minavar recently told Proactive Investors has a resource of over 360 million tonnes of mineable ore, with potential for more.

It has good infrastructure, power, even its own railway on site and its solvent extraction-electro winning (SX-EW) plant has now been upgraded to process 10,000 tpa (from 7,000tpa).

On the downside, teething problems, which have now lasted many months, means the firm is exploiting only a fraction of that capacity - with, in the six months to end June, output standing at just 390 tonnes of copper.

The firm has earmarked production to be in the range between 1,700 and 2,100 tonnes by the end of 2013.

This is some way short of the 3,500 tonnes of copper that house broker RFC Ambrian had forecast for the company, although the City broker concedes this was always going to be a difficult target given the volumes of material heading to the plant.

That said, there were positives to be drawn from Frontier's latest interims, including low production costs, which stand at US$3,625 per tonne of copper excluding general and admin costs.

"As production volumes grow, the fixed G&A costs will decrease per tonne of copper produced and we should see positive cashflows from operations," said RFC Ambrian.

Benkala started producing in August 2011 to much fanfare but its progress since then has not been convincing.

Minavar emphasised that Benkala was still going through, in effect, what was a "start-up stage".

"Our experts say it's normal to have a two to two-and-a-half years commissioning process," he said.

Minavar says Frontier is now trying to optimise operations on site and tests are currently underway in this regard.

"We are confident that we have enough ore, which is economically extractable and we will be able to produce copper for profit."

One of the sticking points has been the high clay content within the ore, which the firm has been laying on the leach pads, meaning the percolation of acid through to release the copper has been hindered.

A technical consultant Adam Moroney has been brought in tasked with improving these sort of issues and the firm has said progress is being made.

Minavar also told investors that the oxide layer of the ore, where the clay content is the highest, had now in fact been passed, which means things should improve.

He explained how the leach pads could now be stacked higher and the latest had been built to six metres (of ore) - in line with other similar projects around the world.

"Assuming stack heights of 6 metres and a head-grade of 0.7% copper, Pads 3 and 4 would contain 4,000t of recoverable copper and set Fr

[gc321] 13/11/2013 14:16

'.....and cant believe the volume which all shows as sell'Lol.....and how many times do sells show as buys and buys show as sells? Some dummy trades throughout the day today, indicate that the trades you refer to (all £2,500 of them lol) were in fact probably buys, but in truth, only the person who made the trade and the MMs will ever know! If you are using the trade screens as part of your investment strategy, you should probably keep your money in the bank lol