Some brave journalists from the Former Soviet Union have produced a major dossier on Frontera Resources (FRI) which should give anyone dumb enough to be invested some major cause to question why. I have secured a translation of the work which I reproduce in full below.
Another bust company becomes a healthcare player thanks to an Adam Reynolds RTO. Let us hope that Frontier Resources (FRI) becomes another Optibiotix (OPTI). The reversal is of a company called Concepta Diagnostics Ltd into Frontier and the PLC will change its name to Concepta.
I discuss this in Bearcast today but Frontier Resources (FRI) has today announced the latest RTO by the shellmeister Adam Reynolds. We are shareholders and are taking up the open offer in full. Why?
We now have official conformation that Frontier Resources (FRI) is dumping its oil assets. Great news.
This is very simple indeed. Remember Optibiotix (OPTI) which started life at 8p. It is now just over 70p and will regain the 100p level within weeks on the back of some pretty stunning newsflow. It might make sense to top up on Optibiotix while you can at these prices. But Frontier Resources (FRI) at 0.07p is Optibiotix at 8p before the fireworks. Let us explain.
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.
On the surface this it looks a familiar story of woe. Frontier (FRI) joined first ISDX then AIM as an exploration company with Celtic overtones. But..
