Frontera Resources (#FRR) gets 4 year extension on the company's debt
- 2016-12-29 00:49:35
UK 11:59 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
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 sqmir@hotmail.com - 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.
