OMG! Down 36.36%! This munter is following in the proud tradition of such other terminal woofers as HMV, NEOS, African Eagle (African Eagle? African Turkey more like) and the wonder that was Woolies.If only Babe Sherman aka Rupert Raxworthy aka Mister Toff Appleton were with us to comment on this Greek tragedy, which was oh so predictable.Perhaps the master is even now monitoring FML's final demise, under conditions of radio silence, from his jungle base at COMSEC I in Nha Trang? LKH on the flybridge entering Marina Sant'Elmo, Cagliari
Re: Does anyone know ... DOG,"the founders have a lot of their own money locked up in this fiasco."Isn't most of Erlan's wonga in the form of FML debt rather than equity (though he has a bit of the latter I believe)?If so, it is a biiiiig problem for other shareholders, because debtholders rank in front of shareholders. The former can therefore wind up the whole thing, blue lagoon, pile of clag, milking parlour, and that old Toyota HiLux that Erlan got cheap from Jeremy Clarkson after he'd used it on Top Gear, leaving all shareholders with sweet fa except worthless share certificates.Perhaps those who wish to get some value from them certificates could gift 'em to RAFT who could use 'em as wallpaper next time he redecorates his daughter's house. They won't have any other value, take it fromLKH on the flybridge
Re: Does anyone know ... I am holding mine to, very disappointed in the outcome , with hind sight when the company moved off shore for accounting purposes and then follows the revolving loan for stock trade that should have sounded alarm bells but I was a blind follower and trusted them Now I feel that we are in the hands of people that may have no scruples Are there possibly stock piles of copper not yet declared? Did they solve the clay problem? After all the founders have a lot of their own money locked up in this fiasco.I have not seen any news to say that Earlan has sold out?There is a Frontier Mining page on Face book perhapse we can use that to keep in touch?
Re: Does anyone know ... Sell them to clops and Norbie Ghost BearThey used to post ref no's on everything they bought here 5 years ago. It was impossible to check the trades of course, but it kept this bag of hay, or bottles of milk, afloat for ages and ages and ages and ages and ages.Truth is, this BB became very interesting and informative as it went along. GG and LFK and Vizz gave the punters the chance to see the other side, but the hubris society peddled the same stuff, to keep the spin drift rolling along, and the benders continued to post personal and offensive language Ad nauseam.I hope they learn the lesson I did from LKH. If its robust, rude, abusive, abrasive, personal, volatile, rude, fact less, continuous, attack dog profile, pointless, then the Company is k%ag, and clops and norb are typing it.
Re: Does anyone know ... Thanks all - I am holding mine and forgetting about them.From DC's reply it loos like they will send something in my nam
Re: Does anyone know ... Mr xxxx,'worth £50'.......' As this is a phone transaction, this service will incur our standard phone commission rate of £52.50.'It's taken me a while I admit, but I've done the maths for you with great diligence. In your case it may be wise to hold.GG
Re: Does anyone know ... This is the response I received. May as well keep them as they're only worth £50 now.Dear Mr xxxx Thank you for your prompt response.I can confirm that this service can be provided through ourselves. If you wish to sell, you will need to contact our Customer Service Center via the number listed below and you will need to request to sell using the matched bargain facility. A member of our Trading team will contact the market maker to arrange for the sale to go through and you will be given a quote for the price that you will receive. As this is a phone transaction, this service will incur our standard phone commission rate of £52.50. Yours sincerely
Re: Does anyone know ... I'm holding mine too DC but not holding my breath .............................Could be shrewd move, wouldn't be out of the question that the $18m outstanding payment for Naimanjal (probably held in an escrow somewhere) would be paid after delisting and any copper cathode stockpiled, could be sold in order to reduce the debt burden. Then a spring start up and "well I never" suddenly they a re producing a decent amount of copper, after 2 or 3 years debt paid off, 10,000 TPA being produced, company sold, bish-bash-bosh.........dosh! Could be the wisest investment you ever made.
Re: Does anyone know ... I'm holding mine too DC but not holding my brea
Re: Does anyone know ... Here is a copy of the info my stockbroker sent me.I am keeping my shares.Frontier Mining Limited has announced its intention to seek Shareholders` approval for the Cancellation of Admission of itsOrdinary Shares of USD0.01 each to trading on AIM.A General Meeting of the Company will be held on 11 March 2015 at which the resolution will be proposed to Shareholdersfor approval.The Company has notified the London Stock Exchange of the proposed delisting. In the event that Shareholders approve theresolution approving the delisting, it is anticipated that the trading in the Ordinary Shares on AIM will cease at close ofbusiness on 19 March 2015, with the delisting taking effect on 20 March 2015.If the delisting is approved, the Companys Shares will no longer be held in CREST and we will no longer be able to holdthem within our service. We will arrange to withdraw your holding into your own name on or around the 12 March 2015. If youhold the shares within an ISA they will be removed from the tax wrapper unless you make alternative arrangements prior tothis date. If you hold your shares in a SIPP or a CTF account we will arrange to sell your holding on or around 12 March2015. Alternatively you may choose to sell or transfer your shares prior to this date. Further information may follow in duecourse.
Re: Does anyone know ... Thanks - it was actually the JP Jenkins thing that has prompted me to wonder if I now should hold the physical share certificates themselv
Re: Does anyone know ... JP Jenkings will be offering a matched bargaining facility. I would check with your broker if you can keep the shares in your account and trade through them. They will charge a fee for this of course. There's details in the last couple of RNS's.
Does anyone know ... Hi,Obviously the end is pretty much nigh now but a couple of questions for anyone that may have been in this unfortunate position before.1) I still hold my shares and these are still "a percentage of the company" but just cannot trade through normal routes. Therefore in the unlikely event that the company starts to recover and do well then the value of these could go up or even pay a dividend?2) I hold my shares in Lloyds Share Dealing - should I get the actual share certificates now as Lloyds can no longer act on my behalf? (stick them in a drawer for 20 years and the kids might get a present C
Down 31% That's gotta hurt![link] on the flybridge it's the end boys, we can go now
Re: volume Johan,"HUR is my best hope of an AIM win"Well, I wish you joy of it, m8. But, an I were you, I'd heed the wise words of Henry Wadsworth Longfellow:"Then up and spake an old Sailòr,Had sailed to the Spanish Main,"I pray thee, put into yonder port,For I fear a hurricane."It didn't end well for the skipper of Hesperus, if memory serves.LKH on the flybridge or his daughter