Frontier Min Share Discussion Threads

[mrwindmill] 15/9/2014 09:35

At least another 1000t sold by the end of 2014 x $2431 after production costs=$2.341.000 why panic?

[temmujin] 15/9/2014 08:51

got my 0.45p anyway..brought my average well down...sit back now and wait for the multi bagger

[temmujin] 15/9/2014 08:49

there she blows...up,up and away!

[blueball] 15/9/2014 08:49

The only one world class is you idiot.

[temmujin] 15/9/2014 08:48

lots of buying now...watch for directors buys later..tip off

[temmujin] 15/9/2014 08:46

which institution do you work for blueball? you know its illegal to post on financial message boards while employed by them

[temmujin] 15/9/2014 08:44

broke my ass!...lots of money coming in soon...

[blueball] 15/9/2014 08:24

Off 30% now bloody mm's...

[blueball] 15/9/2014 08:07

Could this fall to 0.25p ..?

They are going broke very soon.

[temmujin] 13/9/2014 11:24

When all mm crooks are eradicated

[blueball] 12/9/2014 08:44

And again ..when wil it ever end tem..?

[blueball] 11/9/2014 11:54

A big fall today.

[temmujin] 28/8/2014 18:09

worth a decent punt at these prices

[blueball] 28/8/2014 15:15

I believe it will be 30th Sept..cheers.

[cascudi] 28/8/2014 14:55

thanks .. do you know when?

also does anybody know if this company is still trading in kaza stock market.. i have tried to type KY_FRNT in kaza stock market but i don`t see any chart?

[cascudi] 28/8/2014 14:32

are we expecting a production update for middle of September like it happened last year?

[vizz] 10/8/2014 17:42

It's a very popular excuse when a company's share price is in decline to blame a forced seller,
since this shifts focus from being an unknown problem of the company to the dilemma of some individual investor. With a forced seller though, there's usually an element of urgency in the disposal of shares, which means within days or a few weeks at the most,
but not over many months as has been the case with FML. A forced seller also doesn't advertise his predicament to the market in the manner of our 300k lot chap, therefore it can be assumed on both time and transparency that the seller in question has been working to a plan and is not selling under duress.

Why would someone act in the manner summarised above? One reason would be to place steady downward pressure on the share price to a lower and lower level as a prelude to taking FML private or some other corporate carve-up of the assets.

The repeated 300k sales over time unsettles the market and encourages nervous bulls to join in the selling or remain as watching bystanders with a firm grip on their wallet.
With nearly 2 billion shares in issue, the sacrifice of 5 or 10 million shares is chicken feed in cost for what is achieved if undermining the share price is the objective.

As usual, I look for the worst scenario to limit my surprises - DYOR

[jascat] 08/8/2014 17:01

The market makers are always the buyers, if you are selling. They are prepared to buy in lots of shares just now.
The normal market size is 50,000 shares. This is the amount the MM has to buy, at the price they quote, if someone wants to sell. They are happy to buy in hundreds of thousands at present. This either suggests they have a large buy order to fill, or they are buying on their own behalf, as they may have some inside info.
The problem we have is, our large seller may also have inside info & wants to sell, or he may have other commitments that require him to liquidate his position in FML. We have no real way of telling.
I am sure FML will be aware of the selling.
All will become clearer on the 30th September, or before if FML tell us something.

[hereford29] 08/8/2014 15:41

Doesn't sound like a good business model. Who is buying then, just the market makers?

[jascat] 08/8/2014 14:56

hereford. No the money will probably go through Luxembourg where UMT is registered. Their banking system is as corrupt as Cyprus.

Also, It costs many millions to build an SX/EW copper processing plant, railway line connection, power station & all the leach pads. Not to mention a fleet of massive trucks, diggers, to dig out millions of tons of waste to get at the copper ore. Then dig out millions of tons of copper ore & pay around 400 staff.
They are in the middle of nowhere, at an old Soviet underground nuclear testing site, so they also had to build accommodation blocks for all the workers. ETC, ETC.

I see our seller has woken up.

[hereford29] 08/8/2014 14:32

what did they spend the $37.5m on again by the way? That must buy a lot of leach pads and machinery in Kazakhstan?

[hereford29] 08/8/2014 14:29

jascat, you must be able to find out who is behind the UMT deal, since you are in Cyprus. I reckon the cash will go through Cyprus......Frontier has sold Maminskoye gold deposit for $37.45 million in cash to Stanhigh Limited of Cyprus ("Stanhigh").

wait, I've just rumbled it! Don't tell me Jascat - YOU are Yerlan Zhenisovitch Aliyev, furtive Kazakh businessman, and I claim my $1billion :)