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Frontline Plc T.FRO


Primary Symbol: FRO

FRONTLINE PLC is a Cyprus-based company primarily operating in the transportation sector. The Company's main focus is on seaborne transportation of crude oil and refined products. The Company owns and operates a fleet consisting of multiple VLCC, Suezmax and LR2 / Aframax tankers intended for freight of oil and cargo. The Company operates worldwide.


NYSE:FRO - Post by User

Post by MurrayMacon Apr 15, 2013 10:55pm
368 Views
Post# 21257552

Trading below "Cash Value"......

Trading below "Cash Value"......

FRO has $50 million in cash and trading at a Market Cap of $43 million. More than enough funds to complete the up coming Preliminary Feasibility Study, and the final Feasibility Study in 2014. 

 

Trading at $43 million, even with an advanced rare earth project valued at $3.4 billion [NPV], and a de-risked Korean Stated owned partner/financial backer, currently owning 10%, with an option to increase to 20% or 50%, if they so decide to fully fund construction financing. 

 

https://www.frontierrareearths.com/investor-center

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