UK 13:40 Sunday, 8 November 2026
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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.
Yesterday I saw an announcement that really caught my eye. Now, bear in mind that the spread on Frontier Resources (FRI) is big enough to drive a prison bus full of Mancs through, but the shares are a buy at a 2p offer. The news concerns CEO Jack Keyes.
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Comments
Redderick
It would be impressive except that Keyes is overpaid for such a bucket shop company. He gave himself $200k in cash last year for a company thats only worth £2m. He also withdrew his loan facility to frontier during the placing. hardly a vote of confidence IMHO. He has strung investors along whilst being overpaid. Very poor. I bet he cant defend his ridiculous salary.
Duck and Dive
Doc, does that make FJET an even bigger certainty as CEO Ed Winter splashed out £500k of his own folding money in their recent placing – discounted by just 11%?
In fact, Jack should give Ed a call since fastjet offer cheap flights in Africa – including, any day now, in Zambia.
the man
Except he has deferred over 60% of his salary. Please check the print. You are not even an investor in Frontier or even been to an AGM.
Superscaryshadowman
I am interested in your view now Doc with the price floundering and the company seemingly heading for oblivion