NEW BACKERS 1ST THING MONDAY.OPEN UP 2.5P

Net asset value per share currently of circca 9.5 - 9.9p/share

Has rights to mines which have circa
$260m Gold
$130m Silver
2,000m Copper

All of which are capable of producing signficant revenue. The Copper mine - and the reason FML are in this hole, is probably the biggest asset.

They paid around $21m (last year!) for a 50% JV in it I think, but still owe the $7.5m convertible.

Obviously the loan holder has seen the price collapse and said they do not want stock and demanded a full repayment. The original terms for that loan (share issue conversion) I believe were 10p/share.

IF, and that's why we're speculating, the new funding can be achieved and the worst dilution will be 50% at 1.5p/share. Assuming all mines come on stream as planned (and revenues are already picking up after regulatory hold-ups - 1.5p could seem very cheap.

..so although stating figures of 2 and 3p short-term is a) uncertain until next week, b) unrealistic short-term (weeks), if all goes well it is achievable within the next 12 months IMO being still a significant discount to NAV and discounting profits from operations.

Back in June 2008 on Valuation...new backers at 1.50p could make alot of money:-

'Like many junior mining companies, Frontier insists it is undervalued. We paid US$21 million for half of Benkala, yet our market cap is only around US$25 million. If we were forced to sell Benkala, we could get at least US$60 million, potentially even US$120 million. While a disposal is not on the cards, Mr Savage does see benefit in consolidation, saying it makes sense for juniors to combine forces to create a mid tier company that commands a higher rating. Conversations have been held and while theres nothing in the pipeline at the moment, dont be surprised if Frontier does eventually strike a deal. Its hard work on your own and Frontier certainly needs a shoulder to lean on if it is going to make a success of commercial mining'.

http://www.minesite.com/nc/minews/singlenews/article/frontier-mining-might-not-be-averse-to-a-merger-with-another-junior-mining-company/80.html?tx_ttnews%5Bswords%5D=frontier%20mining&cHash=9021a12ef8

For those interested in more research, the mess we are in now relates to copper mine acquisition in Sept 2007 (not 2008 as I'd thought). Also the placing price was 14p per share(!) If Coville's conversion price was anywhere near the 20p the management got for their loan, no wonder the guys are chasing and prefer a cash repayment - seems fair. I'm sure they had every intention of converting (had the price been in the region of 15 - 20p per share). You can see though given the $10m invested by existing directors ($8m @ 14p/share) why they would be reluctant to offer Coville a discounted placement effectively giving them them a controlling share at discounted price. I wonder who the party is who will (assuming deal goes ahead) get the 50.1% - It must be a partner of a) Coville, b) The Directors named already below as participating. Either way - all parties have alot tied up here and at substantial premium to the figures we're talking about. I know 1.5 - 2p sounds alot to those able to buy low - but is it alot to those who saw value in conversions of 14p - 20p - No, obviously. So don't look at the Warrants face value premium as unrealistic - it's almost unfair to every shareholder bar those who bought in the last 6 weeks(!) IMO:

Acquisition

Frontier Mining Ltd ("Frontier" or "the Company"), the AIM listed Kazakhstan
focused gold mining and exploration company, announces that it has today
entered into a conditional purchase agreement with Coville Intercorp Ltd ("
Coville") to acquire a 50 percent interest in the Benkala copper-molybdenum-gold deposit ("Benkala", or "the Benkala Project") located in north-western
Kazakhstan within the Urals gold/copper ore belt. The aggregate consideration
payable for the interest in Benkala is US$21 million comprising $18.5m payable
in cash and the issue of 6,250,000 shares of Frontier common stock of US$0.01
each ("Ordinary shares").

Rights to the Benkala deposit were won in January 2006 by a subsidiary of
Coville in an open government tender. Upon government approval, the contract
will cover an area of 1.194 km2 and will be effective for a 4 year exploration
period followed by a 25 year mining licence.

Frontier and Coville have entered into a shareholders agreement relating to
their joint ownership of the Benkala project.

Placing

The board of Frontier has authorised the issuance of an aggregate amount of
94,034,929 Ordinary Shares.

87,784,929 Ordinary Share have been placed at 14p to a combination of new and
existing shareholders raising a total of $25,317,174. In addition, 6,250,000
Ordinary Shares are to be issued to Coville as referred to above.

Frontier anticipate that the net proceeds available to the company will be
approximately $7.6 million to proceed through to the feasibility phase as
indicated below.

The Placing is conditional on government approval on or before 21 September 2007 and admission of the placing shares to trading on the AIM market of the London Stock Exchange.

Frontier currently has 132,581,587 common shares issued. Following the
transaction, the company will have 226,616,516 common shares issued.

Related Party Transaction

Sokol Holdings Inc., a Delaware corporation ("Sokol"), is a related party, as it is jointly owned and controlled by the Company's two executive directors, Brian Savage and Tom Sinclair.

Sokol made certain advance payments, to secure the conditional purchase
agreement with Coville, totalling $10,806,190. Frontier agreed to repay that sum to Sokol. Sokol has agreed to participate in the placing in the amount of
$8,806,190, giving it a holding of 30,534,639 placing shares in the Company.

The balance of $2,000,000 will be an interest free debt until 29 February 2008
and thereafter will bear interest of 8% per annum and will be convertible at
Sokol's election at a price of 20p per share.

Comment at 5p on 30 June 2008.

'Share price growth over the medium term is important and something that management seek to deliver to shareholders. However, management are focused first and foremost on managing and optimising the business and expect share price growth to follow this. Management firmly believe that Frontier is trading at a significant discount to the intrinsic value of its assets'.

http://www.investegate.co.uk/Article.aspx?id=200806301617039185X

Alot of focus on many mining and exploration sector stocks at the moment. FML seems to be one of the very,very undervalued stocks even at 1.50p imo against the current price of 0.40p.

Update on Proposed Financing (Frontier Mining)

TIDMFML

RNS Number : 8263L
Frontier Mining Ltd
19 January 2009

?

19 January 2009
AIM: FML


Frontier Mining Ltd
("Frontier" or "the Company")


Update on Proposed Financing


Further to the announcement made by the Company on 22 December 2008, the Company
wishes to inform the market that negotiations regarding the GBP9 million debt
facility and the proposed acquisition of the assets from Silk Route Resources
Limited are at an advanced stage. However, there are no guarantees at this
stage that these negotiations will be finalised. In light of this progress,
Coville Intercorp Ltd has agreed to further defer the repayment of the US$7.7
million Convertible Loan Note until close of business on 23 January 2009.

The Company will update the market further in due course.

Ends

Not a done deal yet - but what realistically is the alternative? if the company does not continue as a trading entity with the scale of it's assets then it must be broken up and proceeds given to creditors and the rest distributed to shareholders - would that even be preferable (circa 6 - 8p/share)?

Best to sell its gonig nowhere.

and the reasoning is???

Good start to the week:-

sell..

mitzy - 12 Jan 2009 14:54 - 2 of 2
What a remarkable share worth at least 4p when their funding problem is resolve

http://www.moneyam.com/InvestorsRoom/posts.php?tid=13571#lastread

Monday, January 19, 2009

Frontier Mining says debt and acquisition talks at an advanced stage

Frontier Mining said negotiations regarding the planned 9 million debt facility and the proposed acquisition of the assets from Silk Route Resources Ltd are at an advanced stage, however, there are no guarantees that these negotiations will be finalised.


In light of this progress, Coville Intercorp Ltd has agreed to further defer the repayment of the US$7.7 million convertible loan note until close of business on January 23 2009, an extension of four days on the most recent deadline. The agreement between Frontier and Coville as part of the payment for the Benkala transaction in 2007 originally required Frontier to repay the sum by November 19 2008. The deadline had subsequently been pushed back twice.


Frontier Mining said in mid-December 2008 that its internal financial resources were presently inadequate to repay Coville, therefore an extension of the repayment and completion of alternative funding arrangements are imperative to ensure that Frontier Mining remains a going concern.
Frontier said today it will update the market further in due course.

http://www.proactiveinvestors.co.uk/companies/news/4056/frontier-mining-says-debt-and-acquisition-talks-at-an-advanced-stage-4056.html

The 3% Holding in company RNS on 12 January 2009 was a purchase by Nortrust:-

'The small to mid cap miners fell by an average of just over six per cent, though as usual there was a considerable range. The largest rise was recorded by Frontier Mining (AIM: FML), shares in which more than doubled from 0.2p to 0.45p on no news, although a company called Nortrust did cross the three per cent ownership threshold the previous week. The key to the upward share price move may lie in an announcement made in late 2008 about a US$9 million financing package that was scheduled to be made available on 18th January, most of which will be used to pay down an existing debt facility of US$ 7.7 million. One other problem for Frontier is that its very recently appointed broker and NOMAD, Libertas, is having problems. Libertass listing was recent suspended pending clarification of the companys financial situation, and that development was followed last week by the resignation of its NOMAD'.

http://www.minesite.com/nc/minews/singlenews/article/that-was-the-week-that-was-in-london-6be95824af/41.html

Excellent....RAB also taken a 4% stake:-

Frontier Mining Holding(s) in Company

TIDMFML

RNS Number : 8618L
Frontier Mining Ltd
19 January 2009

?

19 January 2009 AIM: FML

Frontier Mining Ltd
+-----------------------------------------------------------------------------+
| TR-1: Notifications of Major Interests in Shares |
+-----------------------------------------------------------------------------+


+-----------------------------------------------+------------------------------+
| 1. Identity of the issuer or the underlying | Frontier Mining Limited |
| issuer of existing shares to which voting | |
| rights are attached: | |
+-----------------------------------------------+------------------------------+


+-------------------------------------------------------------------+----------+
| 2. Reason for notification (yes/no) |
+------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | YES |
+-------------------------------------------------------------------+----------+
| An acquisition or disposal of financial instruments which may | |
| result in the acquisition of shares already issued to which | |
| voting rights are attached | |
+-------------------------------------------------------------------+----------+
| An event changing the breakdown of voting rights | |
+-------------------------------------------------------------------+----------+
| Other (please specify):______________ | |
+-------------------------------------------------------------------+----------+


+------------------------------------------------+------------------------------+
| 3. Full name of person(s) subject to the | CAPITAL PLC ACTING AS |
| notification obligation: |DISCRETIONARY MANAGER OF RAB |
| | SPECIAL SITUATIONS (MASTER) |
| | FUND LIMITED |
+------------------------------------------------+------------------------------+
| 4. Full name of shareholder(s) (if different | |
| from 3.): | |
+------------------------------------------------+------------------------------+
| 5. Date of the transaction (and date on which | 13/01/2008 |
| the threshold is crossed or reached if | |
| different): | |
+------------------------------------------------+------------------------------+
| 6. Date on which issuer notified: | 19/01/2009 |
+------------------------------------------------+------------------------------+
| 7. Threshold(s) that is/are crossed or | 4% |
| reached: | |
+------------------------------------------------+------------------------------+
| 8. Notified details: | n/a |
+------------------------------------------------+------------------------------+


+---------------+-----------+--+----------+---------+-----------+-----------+--+------------+----------------+--+-----------+
| A: Voting rights attached to shares
|
+---------------------------------------------------------------------------------------------------------------------------+
| Class/type | Situation previous to | Resulting situation after the triggering
|
| of shares | the Triggering | transaction
|
| | transaction |
|
+
+-----------------------------------+-----------------------------------------------------------------------+
| | Number of | Number of | Number | Number of voting |
% of voting |
| | Shares | Voting | of | rights |
rights |
| | | Rights | shares | |
|
+ + +
+-----------+---------------------------+-------------------------------+
| | | | Direct | Direct | Indirect |
Direct | Indirect |
| | | | | | |
| |
+---------------+--------------+--------------------+-----------+--------------+------------+-------------------+-----------+
| ORDINARY | 12,749,000 | 12,749,000 | n/a | n/a | 7,499,000 |
n/a | 3.43% |
| SHARES | | | | | |
| |
| USU314441093 | | | | | |
| |
+---------------+--------------+--------------------+-----------+--------------+------------+-------------------+-----------+
| B: Financial Instruments
|
+---------------------------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction
|
+---------------------------------------------------------------------------------------------------------------------------+
| Type of | Expiration | Exercise/ Conversion Period/ | Number of
| % of voting |
| financial | date | Date | voting rights
| rights |
| instrument | | | that may be
| |
| | | | acquired if
| |
| | | | the instrument
| |
| | | | is exercised/
| |
| | | | converted.
| |
+---------------------------+-------------+---------------------------------+--------------------------------+--------------+
| n/a | n/a | n/a | n/a
| n/a |
+---------------+-----------+--+----------+---------+-----------+-----------+--+------------+----------------+--+-----------+
+--------------------------------------+----------------------------------------+
| Total (A+B) |
+-------------------------------------------------------------------------------+
| Number of voting rights | % of voting rights |
+--------------------------------------+----------------------------------------+
| SEE ABOVE | 3.43% |
+--------------------------------------+----------------------------------------+



+-------------------------------------------------+----------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or |
| the financial instruments are effectively held, if applicable: |
+------------------------------------------------------------------------------+
| RAB Capital Plc acts as investment manager for RAB SPECIAL SITUATIONS |
| (MASTER) FUND LIMITED. RAB Capital plc does not act as custodian for its |
| clients and therefore the shares are held in the nominee name of the |
| custodian of its clients, which is |
+------------------------------------------------------------------------------+
| Proxy Voting: |
+------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | n/a |
+-------------------------------------------------+----------------------------+
| 11. Number of voting rights proxy holder will | n/a |
| cease to hold: | |
+-------------------------------------------------+----------------------------+
| 12. Date on which proxy holder will cease to | n/a |
| hold voting rights: | |
+-------------------------------------------------+----------------------------+
| 13. Additional information: | n/a |
+-------------------------------------------------+----------------------------+
| 14. Contact name: | LEGAL TEAM |
+-------------------------------------------------+----------------------------+
| 15. Contact telephone number: | 020 7389 7000 |
+-------------------------------------------------+----------------------------+


Annex Notification Of Major Interests In Shares
+--------------------------------------------+--------------------------------+
| A: Identity of the person or legal entity subject to the notification |
| obligation |
+-----------------------------------------------------------------------------+
| Full name (including legal form for legal | RAB CAPITAL PLC |
| entities) | |
+--------------------------------------------+--------------------------------+
| Contact address (registered office for | 1 ADAM STREET, |
| legal entities) | LONDON WC2N 6LE |
| | |
+--------------------------------------------+--------------------------------+
| Phone number | 020 7389 7000 |
+--------------------------------------------+--------------------------------+
| Other useful information (at least legal | |
| representative for legal persons) | |
+--------------------------------------------+--------------------------------+
| B: Identity of the notifier, if applicable |
+-----------------------------------------------------------------------------+
| Full name | ALL AS ABOVE |
+--------------------------------------------+--------------------------------+
| Contact address | |
+--------------------------------------------+--------------------------------+
| Phone number | |
+--------------------------------------------+--------------------------------+
| Other useful information (e.g. functional | |
| relationship with the person or legal | |
| entity subject to the notification | |
| obligation) | |
+--------------------------------------------+--------------------------------+
+----------------------------------------------------------------------------+
| C:Additional information |
+----------------------------------------------------------------------------+
| n/a |
+----------------------------------------------------------------------------+

ENDS

Still a sell the funding issue is not resolved..sell its another RBS..

But what realistically is the alternative? if the company does not continue as a trading entity with the scale of it's assets then it must be broken up and proceeds given to creditors and the rest distributed to shareholders - would that even be preferable (circa 6 - 8p/share)?

Very large buy for 6,607,919 shares just come through at 0.45p. There is a buyer out there!

I dont know the answer I do know RBS will be bust by Friday.

A 30k investment is not to be discounted lightly imo.

Looks like someone bought a 3% stake today:-

3% of 218,120,095 shares = 6,543,602 shares and our buy was for 6,607,919 shares. They've just gone over the 3% notifiable threshold and a Holdings in Company RNS should be on its way.

rumours are news will be here today.fill your boots asia acquisition is a cracker.loan note now repaid and 6 mill cash for more acquisitions.5p+

I disagree it looks grim if no immediate funding is found. I'd suggest administration and distribution of realised assets to settle creditors could see the biggest windfall of any AIM stock for shareholders - if a little prolonged. NAV assuming 'current' situation i.e. after liabilities is 9.9p/share - I can't believe even in a fire sale it would raise any less than say 2 - 3p/share for distribution..

Alot remains to be seen, but I'm still positive about news this week. If the deal was dead in the water it would have terminated yesterday morning.

Sell now its doomed as the banks are.

Why has that any relevance?

As far as I've done my research NAV is around 10p and management seem to think Benkala is worth 20p on its own and that too on a conservative basis.

Crunch point almost upon us. Should the deal not go ahead, we may enter a brief period of suspension whilst alternative funding is sought. Fact remains Coville want their money and FML don't have it. Asset base in high with current NAV of 9.9p

I'm still confident the deal will go ahead, but would advise anyone not on a settled position to ensure their cover extends to weeks not days(!)

The fact directors own over 20% of the equity in the company via Sokol should keep non-dilutive interests at heart

2 pm rns silk resources acquisition and 6 mill cash.3-5p

Just a stalemate and news to be out today or Monday according to Monday's RNS. Might only move once the news is out and break the 50day MA and complete double bottom at 0.35p in the process. 0.40p is the key level to break now and not 0.50p and then clear run to 1.50p.

Looking better now before the news comes:-

starting too motor.buy limits slashed

Couple of positive developments. Double bottom at .35p complete and breaking 50 day moving average.

Looking good for Monday now.

Up 43% now and could get to 1.50p on Monday which is the fundraising price.

50% rise today and kept all the gains. Monday could be a cracker to minimum 1.50p.

1. Fundraising at 1.50p
2. Double bottom formation complete at 0.35p today
3. Price broken the 50 day moving average today
4. Overhang cleared
5. Short squeeze on where costing a premium now as per the 0.60p buy for a decent quantity
6. No resistance on chart until 1.50p
7. Other technical indicators firmly in positivity

Anyone who thought Treacle was ramping this.

Anyone who thought Mitzy has been deramping these this week and now very bitter.

Treacle = SueHelen and many other names both on here and any other financial BB.

Same modus operandi every time, picks sub penny shares in the hope the less- informed move in and push the SP up; at which point he dumps and leaves the less fortunate hanging onto near worthless shares.

Might get one right every now and again but usually these are pumps and dumps accompanied by worthless TA and exaggerated (lying?) commentary.

'very bitter' is a well used phrase by this tosser. Used to live in Leeds or somewhere close by if you want to visit.

pth
does he have a sidekick who seems to back him up? might work on other threads.
taking advantage of the new and maybe not so new and vulnerable.
thank goodness for the likes of you and all the other honest posters on this board.
those honest posters who have no ulterior motives. you all know who you are, as do i.
regards
jkd

jkd

Works on his own as far as I'm aware, but uses multiple logons so perhaps sidekicks not really necessary.

His early alias - SueHelen attracted quite a following on MAM some years ago, even won the Yellow Jersey in the monthly FTSE competition! During that period I think more people were sucked in and the pump and dump targets were usually low value AIM stocks but not sub penny as a rule.

During the last few years it would appear repeated failures and an overall lack of success means targeting sub penny stocks in the hope of making a few quid. If he suceeds he'll move on to the next target. I must check out ADVFN and see what alias he is using over there for this company.

Treacle is posting as Treacle on ADVFN. The most recent thread was started by a poster called Dussledorf, who specialises in these types of companies and to the best of my knowledge is totally above board. A shame that 'Treacle' always appears and ramps the arse of it. This is what another poster feels about him:



8Trader - 18 Jan'09 - 22:10 - 20 of 439


We know treacle and when you dump them for 10% of the prices you ramp
it up on the threads and vanish you wonder why so many people dont like
the way you operate and many are astonished at your arrogance and sheer
nerve as you try and rip readers off on advfn as you try and get people
to buy so you can sell more or less at the same time

I can confirm Duss is legit which is more than can say re Treacle/Sue Helen.

Dont let Treacle put you off as should the co get the right funding it could be a decent 2/3 year investment.

Dusseldorf - 25 Jan'09 - 13:44 - 462 of 462


8Trader - Treacle hasn't really said anything that's not a possibility, on the side of optimistic yes, impossible, no. Are you actually going to add anything to the comments on the company and it's shareprice (which is why everyone else is here!?) or should you get a detention for disruptive behaviour

http://www.advfn.com/cmn/fbb/thread.php3?id=18856753

"Treacle is posting as Treacle on ADVFN."

Wow, what great detective skills you have.

"very bitter" is a common retort to derampers/stalkers who sit idly by doing nothing but posting hot air drivel trying to sound important. NOBODY CARES WHAT YOU THINK.

Do yourself a favour mate, get some shares or get a life.

As for mitzy, what a waste of space. All week slating this stock then does a turncoat.

Be careful Indura.

Gold risen alot since first RNS about proposed financing was released on 22 Dec 08..Commodities like Gold projected to rise more significantly during 2009...the backers will be getting their equity at 1.50p and could make significant returns throughout the rest of the year:-



Silver also risen alot since 22nd Dec 08:-

The below was from Interims in Sept 2008 where NAV is to be calculated at around 10p. Silver is now just above $12 at $12.67 but Gold is now $927 against the below grades calculated with Gold at just $600. Gold and Silver but especially Gold is set to rise alot more this year.

'The gold equivalent grades discussed above were derived by converting silver grades to gold equivalent by dividing them by a factor of
92.5. This factor is derived from gold and silver metallurgical recoveries of 74% and 40% respectively and gold and silver prices of US $600
per ounce and US $12 per ounce, respectively'.

Nice statistics.

Benkala is the one where the management put a valuation off 20p on its own ...Copper resource + 'Company transforming asset'.

'We are confident of additional potential at Koskuduk and
Beschoku and look forward to implementing bulk metallurgical tests at both projects in 2009 to determine future development plans. Whilst
Naimanjal is an important near-term value driver for Frontier, we remain convinced that Benkala is a company-transforming asset. Recently
announced recovery rates of up to 65.3% of copper in oxidized ore over 70 days are very promising for the potential development of a low
capital cost heap leach and SX-EW processing operation. We look forward to the results of the current drilling and anticipate further confirmation of the existing resource'.

A prediction for Gold at $2,500 and rather higher than Citigroup's $2,000. Might coincide well with production due next year and talks currently with new investors.

January 29, 2009

Gold Takes Centre Stage At Vancouver's Mineral Round Up

'This global debasing of the currencies will propel gold much higher. John set a target of US$2,500 per ounce. On the supply side, the large-scale easy projects are all in production or mined out, he says, so a lack of supply will also drive the price. The end result will be that when gold breaks out, it will move upwards in a fast and furious fashion'.

http://www.minesite.com/nc/minews/singlenews/article/gold-takes-center-stage-at-vancouvers-mineral-round-up/1.html

All the 3 RNS's about the Proposed financing where they have signed indicative heads of terms for 9m + additional $4m being raised simultaneously at 1.50p as per the first RNS have all been announced a 7 o'clock on a Monday morning. Let's hope we receive the final agreement confirmation RNS tomorrow.

If it doesn't come tomorrow then shouldn't be too far away and would still expect interest to continue as speculation builds and further rises!

Didnt you say this was going to be announced last week yer ramping muppet?

How much you got invested this time? Guess you must be down to your last 100 considering that all of your previous ramps have failed. The easy days of Sue Helen have long since gone :)

In fairness to the company and SP, successful funding could reap a nice reward for speculators, however, for widows and orphans only. Buy if you can afford to lose your total investment.

For chancer, treacle, smiler, sue Helen I hope it goes bust!

Frontier Mining Directorate Change

TIDMFML

RNS Number : 9899M
Frontier Mining Ltd
09 February 2009

AIM: FML

Frontier Mining Ltd
("Frontier" or "the Company")

Mr. Erlan K. Sagadiev Appointed to Senior Management

Frontier is pleased to announce the appointment of Mr. Erlan K. Sagadiev as
President of Frontier, President of the Company's wholly owned subsidiary FML
Kazakhstan LLP and as Vice-Chairman of the Company's 50% owned subsidiary
KazCopper LLP, a joint venture company with Coville Intercorp Ltd. The Directors
of Frontier propose to appoint Mr Sagadiev to Chairman of the Board of Frontier
upon completion of regulatory approvals.


Mr. Sagadiev, 41, graduated from Kazakhstan State University and Oberlin College
in Ohio in 1988 and received a Masters degree in Agricultural Economics from the
University of Minnesota in 1993. Between his undergraduate and graduate degrees,
Mr. Sagadiev worked in the Department of Foreign Economic Relations at The
Ministry of Foreign Affairs in Kazakhstan. In 1992, while obtaining his graduate
degree he also completed internships with the World Bank and United Nations.


In 1994, Mr. Sagadiev formed FoodMaster International ("FoodMaster"), buying a
bankrupt Kazakhstan dairy in privatization. After its formation, FoodMaster grew
and attracted capital from private equity investors in 1997 adding additional
dairies in Kazakhstan as well as in Moldova and Ukraine. FoodMaster grew to be
the largest and most successful dairy in Central Asia with dominant market share
in Kazakhstan and Moldova, and significant share in Ukraine. In 2004 the
business was successfully sold to a major European dairy company.


After the sale of FoodMaster, Mr. Sagadiev went on to form Zere Group, a company
he controls and owns together with existing management. Zere Group is a
Kazakhstan-based holding company engaged in mining, oil & gas, education and
other entrepreneurial developments. Mr. Sagadiev is well respected as a capable
and responsible developer of Kazakh businesses whose economic advice and insight
is sought by both private business and government officials on a regular basis.


Brian Savage, Chairman and Chief Executive Officer, of Frontier commented; "I am
delighted that Erlan has agreed to lead the in-country management team at
Frontier. In addition to his experience and through understanding of doing
business in Kazakhstan, Erlan has proven his ability to successfully manage and
grow companies and I look forward to his surely valuable contribution to
Frontier."


Adil Tastanov, Coville Intercorp Ltd. and Benkala project founder commented "We
are excited about the appointment of Mr. Sagadiev not only to Frontier, but also
to FML Kazakhstan and KazCopper. He is a prominent and experienced international
businessman and will be an excellent addition to the Benkala project and future
strategic opportunities."

Ends

Excellent news out about new managment appointment which was forthcoming as per the RNS on 22nd Dec. Every reason to believe the two remaining discussions on funding and acquisition are also progressing well and news on them shouldn't be too far away.

Monday, February 09, 2009

Frontier Mining appoints Erlan K Sagadiev as president

Frontier Mining Ltd appointed Erlan K Sagadiev as president of Frontier, president of the its wholly owned subsidiary FML Kazakhstan LLP and as vice-chairman of the company's 50 percent owned subsidiary KazCopper LLP, a joint venture company with Coville Intercorp Ltd.

Frontier also proposes Sagadievs appointment as Frontier chairman upon completion of regulatory approvals.

Sagadiev has worked in the Department of Foreign Economic Relations at The Ministry of Foreign Affairs in Kazakhstan. In 1992, while obtaining his graduate degree he also completed internships with the World Bank and United Nations.

In 1994, Sagadiev formed FoodMaster International, buying a bankrupt Kazakhstan dairy in privatization. The company grew and attracted capital from private equity investors in 1997 adding additional dairies in Kazakhstan as well as in Moldova and Ukraine. In 2004 the business was successfully sold to a major European dairy company.

After the sale of FoodMaster, he went on to form Zere Group, a company he controls and owns together with existing management. Zere Group is a Kazakhstan-based holding company engaged in mining, oil & gas, education and other entrepreneurial developments.

Brian Savage, chairman and chief executive officer, of Frontier commented: I am delighted that Erlan has agreed to lead the in-country management team at Frontier. In addition to his experience and through understanding of doing business in Kazakhstan, Erlan has proven his ability to successfully manage and grow companies and I look forward to his surely valuable contribution to Frontier.

http://www.proactiveinvestors.co.uk/companies/news/4328/frontier-mining-appoints-erlan-k-sagadiev-as-president-4328.html

Keep on ramping muppet

By Dylan Lobo | 00:01:00 | 14 February 2009

Rising gold price

BlackRock gold specialist Evy Hambro expects the gold price to rise on the back of a fall in production of the precious metal this year.

Hambro, who manages BlackRocks popular World Mining and World Gold funds, said gold is currently benefitting from the global turbulence. A gold bar is nobody else's liability and is often reached for in periods of political and economic uncertainty. Gold is a natural place for people to turn to in these times, when assets such as mortgage backed securities, that were regarded as ultra safe 18 months ago, have turned out to be anything but.'

The gold price is currently hovering at around the $900 per troy ounce mark. Hambro sees this swelling as production problems mean demand gold fails to be met.

Over the medium to long term the underlying supply and demand fundamentals have a bigger part to play in determining the price. Gold production fell last year and may fall further in 2009. This is partly due to the lack of exploration success by the gold mining industry which discovered 15 million ounces last year, compared with production of 80 million ounces, Hambro said.

http://www.mrscohen.com/personal/-/news/markets-companies-and-funds/content.aspx?ID=329438

FLYING AS HIGH AS ICARUS
The gold:silver ratio - pointing to higher prices all round?
Silver defies its fundamentals in maintaining a price ratio which relates to gold and the movement in this is taken by many silver investors as a guide to forward prices.

Author: Rhona O'Connell
Posted: Friday , 13 Feb 2009

'Silver's outright fundamentals do not justify prices at these levels, but for as long as the market retains its bullish stance and investors keep coming for the metal then any industrial surplus this year stands a good chance of being absorbed and when investors like the look of gold, some of them will like the look of silver even more. This metal is, however, flying almost as high as Icarus and when that ratio starts to rise, then silver speculators had better be watching very closely'.

http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=78388&sn=Detail

The previous 3 RNS's have come at 7 o'clock on a Monday morning and with 4 weeks gone since the 18th of January deadline I have high hopes for the RNS to come through finally tomorrow morning. Especially with the new board appointment at the beginning of last week which was going to coincide with conclusions on funding & acquisition according to first RNS back on 22nd December 2008.

d/T28
we have some nice gold/silver charts on here. could you please post us a chart of the stock in question i.e FML it would be most appreciated.
many thanks
regards
jkd

2 Year Chart:-

New high close for Silver on Friday, on current uptrend which began before Christmas, Gold reserves calculated at $600 and Silver at $12:-

crikey
that was quick.
any chance of better one? one that can be read a bit easier?
hope your as quick.
many thanks
regards
jkd

1 Year Chart

i might be pushing my luck here but.. any chance of a 6 monthly?
ta
regards
jkd

6 Month Chart

. Topped up a few more and hold 1.20 million now. IMO 1.50-2.00p is very near and hopefully this week. Drilling news on Benkala and other projects is also expected.

'Johnston. FML paid $20 mil for the 50% JV in the Benkala copper mine. This equates to 14 mil. At todays close the mkt cap is a ridiculous 1.5 mil.

The focus will now be news on the mine. See last update on the mine circa Oct 08.

FML has secured it's future, the price should recover from here on in. Should see a retrace back to 5p at least. Remeber FML have gold/silver assets too. And we all know what's happened to the gold prices recently'.

New Highs for Gold and Silver again today on current Uptrend:-

New financing arrangements (Frontier Mining)





TIDMFML

RNS Number : 3975N
Frontier Mining Ltd
16 February 2009

?




16 February 2009
AIM: FML


FRONTIER MINING LTD
("Frontier" or "the Company")


New Financing Arrangements and Increase in Authorized Share Capital




The board of Frontier (the "Board") is pleased to announce that the Company has
signed heads of terms with a new lender to provide a $10 million debt facility,
subject to the completion of due diligence. Under the heads of terms, the
lender will be granted warrants to subscribe for ordinary shares in the Company
representing up to 50.1% of the enlarged share capital of the Company at an
exercise price of 1.5p per warrant. $200,000 of the new funding has already
been received by the Company and its subsidiaries.


The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd.


The Board is also pleased to announce that the majority of shareholders have
voted to increase the authorized number of shares of common stock of the Company
from 500,000,000 to 1,500,000,000 each $0.01 par value.
Brian Savage, Chairman and CEO of Frontier commented "We are extremely pleased
to have signed the heads of terms which has already provided funding for the
Company.This puts us in a very good position to advance the development of the
Benkala copper project."

Frontier presenting to investors in April:

http://www.proactiveinvestors.co.uk/register/event_details/47

Gold Climbs to Seven-Month High in London as Economy May Worsen
By Nicholas Larkin

Feb. 17 (Bloomberg) -- Gold rose to its highest in almost seven months in London as investors bought the precious metal to preserve their wealth on speculation the global economy will deteriorate. Silver climbed to a more than five-month high.

http://www.bloomberg.com/apps/news?pid=20601082&sid=acerPa4tlqXg&refer=canada

Options Traders Go For Gold
Andrew Wilkinson, Interactive Brokers, 02.17.09, 12:50 PM EST

Gold shoots higher toward $1,000 on global fears and gives rise to a big Randgold Resources calendar call spread.

http://www.forbes.com/2009/02/17/randgold-priceline-vix-personal-finance-investing-ideas_0217_options_strategies.html?partner=alerts

1.5 BILLION shares issued!! Already over-valued, even more so now.

Never quite reached 1.5-2.00p did it.

Nice close on Gold & Silver today at $970.10 and $14.09 respectively.

From Interims in Sept' 2008:-

At Naimanjal deposit:-

'The gold equivalent grades discussed above were derived by converting silver grades to gold equivalent by dividing them by a factor of
92.5. This factor is derived from gold and silver metallurgical recoveries of 74% and 40% respectively and gold and silver prices of US $600
per ounce and US $12 per ounce, respectively'.

From Yesterday's RNS:-

'The Board believes that the funding provided under the heads of terms will
provide the Company with sufficient working capital for the foreseeable future
and allow it to repay its commitment to Coville Intercorp Ltd'.

On Benkala:-

'Outlook

Once the regulatory issues are resolved, Naimanjal's production will meet management expectations. The disappointing results to date are
not technical in nature and we therefore hope to resolve all issues shortly. We are confident of additional potential at Koskuduk and
Beschoku and look forward to implementing bulk metallurgical tests at both projects in 2009 to determine future development plans. Whilst
Naimanjal is an important near-term value driver for Frontier, we remain convinced that Benkala is a company-transforming asset. Recently
announced recovery rates of up to 65.3% of copper in oxidized ore over 70 days are very promising for the potential development of a low
capital cost heap leach and SX-EW processing operation. We look forward to the results of the current drilling and anticipate further
confirmation of the existing resource'.

Copper price above $4000 for the first time and FML is the cheapest copper play apart from Afica Copper.

News must be soon I guess.

Up hugely today news I think by the end of the week.

RED LEOPARD HOLDINGS/RLH go too the new thread re-rating 1p+.up 25% i just snapped up 2.5m@0.05

But FML is up 50%..!

Another 100% profit today in FML having tipped these months ago and on the back of UVEL yesterday and today. MARL and RTS imo to follow in the same way soon. DYOR!

lol...

LOL.

This looks cheap.

Up 120% today.

I wonder if Treacle is still in.

guys herencia/HER partner will be announced very soon 4-5p.cannot buy online now phone only

too risky.

mitzy no risk herencia/HER be transformed very soon.

Back up again for some unknown reason

Heavy buying this morning @2p.

A remarkable share..

I know what I like and I like what I know.

My target is 120p in the next 2 years.

Up another 100% this am.

My target of 120p would make this a 200mill company which would be about right.

mitzy according to their latest RNS they have 406m shares issued at 120p this would give them a market cap of almost 500m!

Yes your right I forgot about the recent dilution due to the re-financing.

So 60p would be the new target.

Up another 1p today.heading to 60p..

5.5 mill shares traded and the sp up 17% and no news.

http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=83236&sn=Detail

http://www.dailymail.co.uk/money/article-1182778/MARKET-REPORT-Joe-Public-takes-AIM-markets.html

Thanks for that John.

The Daily Mail market report should help push the sp to 10p this coming week.

Up another 10% this morning.

What an amazing share up 10% a day every day.

and up 10% again.

Tree shake today am and everyone is selling.

is this more than a tree shake mitzty, or is there good enough reason for it to continue on up??

Hard to tell Balerboy we are expecting a Rns sometime will hold for then.

http://www.proactiveinvestors.co.uk/register/event_details/53

another company have been added to this evening, making it a must attend for holders IMHO.


these are great evenings, everything is free, and you get to talk to management afterwards in an informal setting.

Early reservations is advised, as accommodation is limited, and this will be full!

-------

The directors of Frontier Mining (AIM: FML), Churchill Mining (AIM: CHL), and Aurelian Oil & Gas (AIM: AUL) will be presenting:

Wednesday the 17th June 2009

Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

To FREE reservations, click HERE

The presentations will start at 6:00pm and finish at 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

FML article, click HERE

Great article form Wendy the mining expert.

Presentation this week should underpin the share price..cheers

Positive RNS and pi's sell I guess its human nature.

Massive sell off today for no reason if the sp recovers into positive I will be amazed.

Positive RNS gold production has started in 2009.

Top riser today.

Profit takers have moved in today but nevermind lt they are a buy especially with copper prices at a current high.

Up 2 0% yep just great.

Surprise me

Volume edging up and a technical break-out at 7.9p.

Up 10% in early morning trade .

Rising on possible licencing news next week.

My price target is 15p by Xmas .

With gold near $1000 and silver $16 this share is going only one way.

Thats 12% rise this morning .

Risen 20% today.

Up another 12% today.

Finished up 18% great.

Yes in profit now..... sigh of relief. :)

Hey well done Balerboy this one is going just great,

Damn those profit takers why do they bother.

Tipped in this weeks Growth Company Investor.

Your trying to cheer me up but it's not working mitzy, the chart doesn't look good.

Um I'm out for now due to the lack of interest currently.

Watching from the sidelines should it fall to 5p will buy a few.

Chart wise its heading down to 4p.

Chart wise its heading down to 4p.

This is a free event.

Proactive Investors One2One Forums

The directors of Frontier Mining (AIM: FML), Extorre Gold Mines Limited (TSX: XG) and European Nickel (AIM: ENK) will be presenting:

Thursday the 8th April 2010 at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 7.30pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


Register Here - http://www.sign-up.to/signup.php?fid=2014&pid=7163

If you have any problems registering or queries please email action@proactiveinvestors.com

These are interesting and rewarding evenings set in wonderful surroundings, and afford the private investor the opportunity to meet the CEO's, and network with other private investors and city professionals in an informal setting.

Nearest tubes are Green Park and Bond Street, both a short walk from the venue.

Thanks for posting Andy.