NEW BACKERS 1ST THING MONDAY.OPEN UP 2.5P

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