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Frontera: ramp, ramp, rampety ramp. Where’s the $3m from the “unrelated institutional investor”?

By Nigel Somerville, the Deputy Sheriff of AIM | Monday 3 September 2018


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM-listed rampathon Frontera Resources (FRR) has announced yet another ramptastic update this morning. Apparently it has entered into Non-Disclosure and Data Exchange Agreements with two industry majors and is currently progressing with technical work and commercial discussions regarding possible transactions involving a farmout or joint operating arrangement within its Block 12 holdings in Georgia but discussions are at an early stage. Righty-ho. The market has gone bananas this morning, marking the shares up by as much at 34% - very handy, for Frontera needs to get a placing away pronto. But Waseem Shakoor has been wondering what happened to the $3 million funding?

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