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17/05/2011

Erlan Sagadiev from Frontier Mining says Frontier’s low share price makes no sense

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Additional Information
Market: AIM
Sector: General Mining - Copper
EPIC: FML
Latest Price: 3.68p  (0.82% Ascending)
52-week High: 8.25p
52-week Low: 2.55p
Market Cap: 68.48M
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Frontier Mining
www.frontiermining.com

Frontier Mining Ltd is a mineral exploration and development Company focussed on gold and copper deposits in the Republic of Kazakhstan. Through its subsidiaries and affiliates, Frontier locates, evaluates, acquires, explores and develops mineral properties. Frontier currently operates two licenses in Kazakhstan, Naimanjal (100% owned) and Benkala (50% owned). Naimanjal operations currently consist of five projects; a producing gold mine, a test stage gold production project, a potential copper porphyry deposit with associated gold and molybdenum, and copper/gold prospects along a 25km trend including both VMS and porphyry types. Benkala is a copper-molybdenum-gold deposit located in north-western Kazakhstan, within the Urals gold/copper ore belt.

Full Frontier Mining profile here
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Frontier Mining says debt and acquisition talks at an advanced stage

19th Jan 2009, 9:19 am 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.

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