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 – AIM Regulation asked to investigate 28% share price slump ahead of the delisting RNS

By Nigel Somerville, The Deputy Sheriff of AIM

19 February 2015 01:45

More:

As revealed HERE, AIM Cesspit listed (pro tem) Frontier Mining (FML) slipped out a devastating after-hours RNS on Tuesday detailing plans to delist and take the company private. To compound that contemptuous treatment of its shareholders, the shares dropped a whopping 28% ahead of that RNS

Already a member? Sign in

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 13 year archive

• ShareProphets Daily Newsletter

Cancel any time

This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.

Comments

turbograndad

19 February 2015, 03:37

Nigel,
I am amazed you think it is level playing field out there, the market always has first mover advantage to more or lesser extent, particularly with RNS’s.
Thats why there tends to be spikes at first trading, and market makers have a notorious advantage, and don’t think stop losses are a safe guard, only short term, they know where stop losses are put and flush you out accordingly, also flush you in on bogus rises.
As for any investigation, well theres always going to be reasons for SP rises and falls.
We PI’s are totally up against it, and market makers, “ manipulators” play it like a “ fiddle”, and they know all the tricks, thats why it can be such a spuruois lottery, “people” huh, good luck anyway.
David Talbot

19 February 2015, 03:55

Good, well-worded, reasoned letter, Nigel. It makes your point excellently and gives AIM Regulation little “wriggle room”. Should not a similar letter go to the FCA, since is it not responsible for investigating possible market abuse and insider trading?.
wildrides

19 February 2015, 04:15

Although not a holder of the company myself, this has to be one of the most blatent cases of insider trading I have seen in recent times . It beggars belief that those made insiders of such calamitous news coming soon should believe they could trade it early with impunity . Truly disgusting behavior . Its like selling tickets to your own mothers funeral .

Well done Nigel .

I suggest SP start a petition regarding the urgent investigation of this particular trading period and I am happy to sign same .
nigel somerville

19 February 2015, 04:49

Turbo – I don’t!

David – have done. Yup, wiggle room limited but they can just ignore it anyway….

N
Bathe Wadworth

25 June 2015, 16:08

The company was virtually bankrupt in 2012, it shouldn’t have been trading at all. As to preserving the integrity of the AIM market, that’s a joke right Nigel?
nigel somerville

25 June 2015, 23:39

Bathe – perhaps I should have invited them to ignore it in order to preserve the current standing of the AIM Market!