Monday 21 August 2017 | The one stop source for free breaking news, expert analysis, and videos on AIM and LSE listed shares
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.