Sunday 18 March 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Two Pauls and a Nigel - learn value investing from the masters at UK Investor on April 21- today's offer
The February 2018 edition of the UK Investor Show Magazine is now live: Nine share tips, giving in a tax-efficient way, don't count Trump out
Tom Winnifrith Bearcast - Capitalism in crisis and shamed at Conviviality, Deutsche Bank and across the board
Master Investor - the photos of a washout that asset stripper Jim Mellon is desperate you do not see
Uber ramp meet the City's No 1 oil analyst, Zac "The Knife" Phillips of SP Angel. Today's protestations from Frontera (FRR) do not impress the knife who opines:
Whilst fat bastard Malcolm Graham Wood is paid to ramp shares in Frontera Resources (FRR) by making claims that cannot be verified, the City's No 1 oil analyst Zac "the Knife" Phillips is impartial and, to say the least, not impressed. In his email to clients today the SP Angel guru opines:
Frontera Resources (FRR) is a dog with fleas but it is aggressively ramped and promoted. And it has just announced a £2.5 million fully underwritten open offer at 0.466p via Primary Bid. This represents a discount of approximately 17.5% to the closing mid price today.
I rescue this post from our comments section as iut merits a wider audience. Waseem Shakoor was scathing about last night's Frontera (FRR) rampfest. Evil Banksta was there and reports:
The morally bankrupt and intellectually challenged PR fucktards at Yellow Jersey, who fund their miserable existences by helping shite companies such as Frontera Resources (FRR) ramp their worthless shares, organised an investor presentation last night for the faithful. By all accounts the wine flowed freely with the morons who attended not realising who was paying for it... it was them. Waseem Shakoor who is - rightly - short, as an £81 million market cap is absurd, notes:
Folks can ignore the warnings of myself, Nigel Somerville and Waseem Shakoor about the overvalued ramp stock Frontera (FRR) if they wish. But the City's No 1 oil analyst Zac "The Knife" Phillips has just published a very specific and damning note. No doubt "fat bastard" Malcolm Graham Wood will ignore this real analysis as he continues ramping the shares with misleading statements in return for generous cash payments to buy yet more pies. But it might pay the Bulletin Board Morons to listen to someone who is not on the payroll and does know what he is talking about. Over to The Knife...
Oh BBMs, lap up the nonsense coming out of AIM-listed Frontera (FRR) this morning. Please buy lots of shares, for there are lots more coming. We had expected an update on the company’s work on the Ud-2 well in Georgia, but this morning’s effort offered no numbers to go on and some strange terminology.
AIM-listed Frontera (FRR) has managed to get around to updating the market on its Ud-2 well in Georgia. To be fair, it did promise news by the end of the month. On the other hand, there are no flow rates. Had they been good, you can bet the numbers would have been there this morning.
Yesterday at 1.50pm (the back end of lunchtime no-one-is-watching o’clock) Caymen registered, head office in Houston, Texas, operations in Georgia but AIM-listed (why?) Frontera Resources (FRR) gave an update on its Taribani asset in Georgia. It has the drilling permit. Woohoo. But what about the Ud-2 well? Has the company been taking lessons from UK Oil and Gas (UKOG)?
Two are mega ramps and their valuations are insane and Waseem Shakoor is (rightly) short. The other one is one he owns. Which do you think is the value play? Here's what Waseem tweets:
On Friday AIM-listed, US-headquartered, Cayman Islands registered and operating in Georgia Frontera resources (FRR) released a Corporate Update on Progress in Georgia. As Waseem Shakoor observes, anyone who was hoping for actual production figures might be a tad disappointed, for what we got was delays and the commencement of a programme of study in relation to its Notice of Feasibility of Commercial Production as announced last April. Oh, and a nice shiny new presentation on the company website (if no countdown clock!)
Texan oil company Frontera Resources (FRR) has been relieving retail investors of their cash for over 12 years now. In that time, it has blown a staggering $490 million on unsuccessfully attempting to extract oil from Georgia.
Well, well, what a surprise: AIM-listed Frontera Resources (FRR) has raised cash in a placing. Well OK, it is not a surprise at all. As I pointed out HERE the works programme of the company was going to cost a few quid which it simply did not have. As we shall see, the workover rig out at the Ud-2 well in Georgia has prepared the site for testing of gas bearing intervals but until last night there was no money to pay for the testing.
We earn money if you take up a Primary Bid offer and registered with it via us. Notwithstanding that, Frontera Resources (FRR) as A grade crap so do not take up this offer.
I’m getting terribly confused about the recent conversions by YA II PN (aka Yorkville) of Series A Preferred Convertible Shares in AIM-listed Frontera (FRR). I refer to the 2017 interims and the recent RNSs announcing the conversions.
AIM-listed Frontera Resources has watched its share climb from 0.1p to peak earlier today at 0.78p. No doubt the BBMs have celebrated their collective superiority and intelligence. Except that even the company now tells us that there is no reason for the rise.
AIM-listed, Cayman Islands registered, Houston (USA)-based and with Georgia operations Frontera (FRR) has announced that YA II PN Ltd (aka Yorkville) has cashed in by converting convertible stock at just 0.09p. With the shares having raced up from sub-0.1 pence to 0.3625p earlier today, on the back of a series of soft PR interviews, website updates and corporate musical chairs, private investors are once again being screwed.
Shares in AIM-listed Frontera Resources (FRR) have been zooming ahead. Having raised the princely sum of £750,000 (including £250,000 from directors) one might wonder how much of that cash is left over already. That helped pick the stock up from a low point of less than 0.1p per share, but the news that apparently got things really going was the announcement that it has updated its website. Really?
The City's number one oil analyst Zac "the knife" Phillips of SP Angel has this morning torn into much ramped AIM dog Frontera Resources (FRR). I think you can take it that what the Knife means is BARGEPOLE!. Over to the great man:
At 4.46pm yesterday AIM-listed Frontera Resources (FRR) announced a placing raising £500,000 and director subscriptions for a further £250,000 all at 0.0975p per share. Compared to the 0.44p per share back in March, when commenting on the announcement of a possible farm-out or joint operation arrangement regarding the company’s Block 12 holding in Georgia (no sign of the deal yet, is there!) the company said it was suspending operations (operations which had already been delayed and tardily announced, according to Tom Winnifrith) I said if I were a holder I’d get on to my broker post haste and sell.
I’ve have a bear of AIM-listed Frontera Resources (FRR) for as long as I can remember. Perhaps it is the accumulated losses over the years of a whopping $479 million. Maybe it is the slide from c. 150p to the current 0.115p. Perhaps it is the boat load of confetti issued of late to settle debts. Maybe it is the delayed work on the South Kahheti gas assets. Whilst it seemed a slam dunk short at 0.42p per share (it was, now at 0.115p) there still seems to be more to go.
AIM-listed Frontera (FRR) has announced the appointment of WH Ireland (WHI) as broker to the company. I’m sure they will be very happy together, but in the wake of a series of loan conversions to wipe out debt you might wonder if it is placing ahoy. The good news is that they even tell us that it is!
AIM-listed Frontera Resources (FRR) has announced that Steve C Nicandros is to relinquish his executive role as CEO but remains at non-executive chairman. After 21 years of service it is natural to look back and talk about the highlights, so the ShareProphets RNS Translation Team has been busy with today’s quote from Mr Nicandros. Original is in bold.
The City's No 1 oil analyst Zac "the Knife" Phillips of SP Angel is in full flow on the subject of Frontera Resources (FRR) where the management team has today, again, shown that they are greedy selfish pigs who do not give a flying wotsit about shareholder dilution. The Knife puts it a tad more diplomatically but he does not hide his undisguised - and 100% justified - contempt for Steve Nicandros and his co-directors. Over to the Knife...
The great bear raider Wassem Shakoor has termed Frontera (FRR) as one of the three most overvalued bits of crap on AIM. Another is MySquar (MYSQ) where Lucian Miers has just published a devestating expose HERE. Back to Frontera where Waseem has stuck it to the Bulletin Board Morons today. He writes:
AIM-listed Frontera (FRR) has rather slipped since I last wrote about it last month HERE and HERE, concluding that it had a gaping black hole in its balance sheet. The shares were then trading at around 0.4p. This afternoon the shares are 0.31p in the middle (last seen) and it has announced its AGM. Just one thing: where are the full year results? The company is trying to raise c. £40 million in cash and loan settlements, and won’t show us the balance sheet? How big a RED FLAG do you want?
The great bear Waseem Shakoor rates Frontera Resources (FRR) as one of the top 3 dogs for shooting on the AIM casino. He has just posted seven points for bulls to ignore as they ramp this worthless crap. Over to Waseem.
It seems that despite bears not being universally popular, I'm not the only one who thinks that AIM-listed Frontera (FRR) is an out and out bargepole stock. In the wake of yesterday's ramparoonie (oops) highly informative RNS, the Twitterspere has seen a few comments - not least of which from Waseem Shakoor and investment house Jub Capital - sticking the knife in.
Readers will know that I'm far from convinced at the buy case for AIM-listed Frontera (FRR), shares in which have again been on the rampage after what looks like a rampety-ramp RNS yesterday. The ShareProphets RNS Translation Service thought it should chip in...
I owe a lot of my success in investing to Steve Nicandros, CEO of Frontera Resources (FRR), having spoken to him in great detail about his company and investing a lot of money in it as a result.
One has to marvel at how oily serial disappointment AIM-listed Frontera (FRR) has doubled its share price since yesterday. Has it has a takeover? Nope. Has it announced a gusher? Nope. So what has sparked the rise? It seems that it is in talks over a possible transaction involving a farm-out or joint operation arrangement within the area of its Block 12 holding in Georgia. But is this just a monster spoof?
I think Tom Winnifrith missed a cracking entry for his Dirty Dozen AIM-listed resource stocks whose share prices might head north for no good reason. Certainly, the history of Frontera (FRR) suggests so from its share price performance over the years. Plenty of Red Flags to look at here! This morning the shares are indeed on the rampage (up 168% last seen) in the wake of a board appointment RNS. As we shall see, there seems to be little reason to celebrate that, and with one “know of no reason” RNS already issued this week, I fancy another is on the way.
Hat tip to reader P who has already dobbed Frontera Resources (FRR) into the Oxymorons at AIM Regulation for what appears to be a blatant reach of the rules but on the casino do the rules matter any more? Does anyone give a flying wotsit about sticking to the rules when Marcus Stuttard and his Keystone Cops are just so utterly useless? AIM Rules dictate that companies must inform investors via RNs of material changes in trading. So over to Frontera...
Having pumped up the share price at the start of last week with yet another ramptastic operations update, all rather predictably comes the dump. This morning AIM-listed Frontera Resources (FRR) announced the draw-down of another £382,550 under a Standby Equity Distribution Agreement (SEDA) – for which read death spiral – with YA II PN Ltd (for which read Yorkville). Another wheelbarrow-load of confetti, 402,684,211 shares, has been issued at 0.095p per share. We are told this will be used to advance work programs of the Company.
Another ramptastic RNS this morning from AIM-listed Frontera Resources (FRR) saw the shares race up to 0.135p at the peak but the shares have been sliding ever since, and are now just 0.095p last seen. Surely there isn’t a placing on the way, is there? Broker S P Angel in the form of the City's No 1 oil analyst Zac “the knife” Phillips was not so impressed. It could be good news, or it could just be a pre-placing ramp. But first there is the small matter of funding…..
AIM-listed Texas-based oil explorer and monster cash-burner Frontera Resources (FRR) yesterday released another ramptastic RNS. The shares stormed ahead by 29% on the day, with the rise getting going at about 11am. No doubt someone just got very lucky, as an RNS didn't come out until 3.35pm.
DIRECTOR PURCHASES SHARES screams the headline – in capitals - of an RNS from AIM-listed Frontera Resources (FRR) - not to be confused with Frontier Resources - this morning. Ooooh quick, let’s all pile in – follow the money, as they say, because the insiders know what’s really going on. Er, hang on a moment….
Boy oh boy, SP Angel's Zac Phillips is on a roll. The City's best oil analyst today sinks his teeth into the management of Frontera Resources (FRR) who show "intellectual deficit, moral deficit, or both." The message for shareholders is a clear one (bail) in what is a superb vicious note from one of the few City analysts prepared to call out wrongdoing on AIM. Our hero writes:
In a market filled with companies that have wasted a small fortune and haven’t got a lot to show for it, Frontera Resources still manages to stand out from the rest as having taken both to a new level!
AIM-listed Frontera Resources Corporation (FRR) issued a long and detailed RNS regarding its operations in Georgia this morning. It seems to offer a rose-tinted view of the world: could it be that this is a good moment to be buying the shares, then? There is much to like, as the company trumpets a significant upgrade to gas resources associated with its ongoing exploration and production efforts in the country of Georgia. Or is it just a pre-placing ramp?
If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares of BMR Mining (BMR), Frontera Resources (FRR), Plutus Powergen (PPG) and offer some share price targets.
Frontera Resources (FRR) is a something of a blast from the past. It was a hero for punters this time last year when the stock rocketed from around 0.4p to as high as towards 1.4p in the space of only five months.
Shares of Frontera Resources have certainly offered traders a merry dance in the recent past, even though the journey higher from the March gap through the 200 day moving average then near 0.5p eventually lead to a peak through towards 1.4p less than 3 months later. However, since the rug was pulled from under the bulls at the start of June things have remained complicated.
On April 23rd when Frontera Resources were trading at 0.9p I suggested that they might double within three months. In fact, they only rose 50% in five weeks before the rug was pulled yesterday. Can this be classed as a failure of charting?
On April 23 Frontera Resources were called two double on a three month view here on ShareProphets - they were then standing at 0.92p.
In my experience, any degree of enthusiasm regarding a bullish charting prospect, or a desire to shove the knife in on a bearish prospect tends to be the kiss of death on the call in question. This means you temper your words and your target. However, in the case of Frontera Resources (FRR) it would appear appropriate to let the charts do the talking, at least in terms of what appears to be a very encouraging prospect.
Search ShareProphets |
Recent Comments |