FNT 5.00% 1.9¢ frontier resources limited

Ann: Andewa EL Gifted 100% to Frontier & Strategy Update, page-6

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  1. 1,866 Posts.
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    Again this is another negative spin. If you take a look back to when Andrewa was let go, FNT didnt have the money for the renewal because of the market collapse. Peters company acquired the EL under his own cost to keep hold of it due to all the work done. He then offers it back to FNT when he thinks they are ok to take it on at cost (they arent free). Now he is absorbing the cost again.
    His own company earnings are irrelevant to Frontier.
 
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