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.

Frontier Mining – After hours RNS, proposed DELISTING, down 28% ahead of RNS

By Nigel Somerville, The Deputy Sheriff of AIM

18 February 2015 03:54

More:

At 5.43pm (no-one-is-watching o’clock) AIM Cesspit listed Frontier Mining (FML) issued this RNS proposing the final shafting of its shareholders. Not only will Frontier delist from AIM, but also from the Kazakh Stock Exchange. Anyone unfortunate enough still to hold this turgid stock will be trapped and their investments essentially become worthless. But at least some fortunate City fellows got out in time! Yes, Frontier plummeted 28% during Tuesday’s session, prior to the announcement. Surely it could not be possible that word got out ahead of the RNS, could it….

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Comments

wildrides

18 February 2015, 01:25

My principle is ……….keep away from any share operating in a country with Stan in the name . They are just as corrupt as China frauds IMHO ( well not that humble actually )
J P Spaghetti

18 February 2015, 16:12

Seems they didn’t comply with AIM rule 26 either, because over six months had passed since they updated the market about major shareholders according to

“each AIM company must from admission maintain a website on which the following information should be available to view free of charge:
.
.
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The number of AIM securities in issue (noting any held as treasury shares) and, insofar as it is aware, the percentage of AIM securities that is not in public hands together with the identity and percentage holdings of its significant shareholders. This information should be updated at least every 6 months.”