Providence Resources Forum

I am not convinced that anyone is bidding on anything PVR have as there has only ever been just talk.. If this share price is too rocket it will be done in such a way that only the big boys will make money we will be diluted out as we are the bottom feeders. It has been set up like thay from day one. The s.p has been walked down so they can keep averaging down

There is a possibility would be bidder dilly dallying for chunk resulting board to come out fund raise as backup measure. They would have given ultimatum with time limit a week or two to close. If this falls through he would bang our doors, but am against diluting

We shall Know by end of next week what is going on I imagine. Hard to think Institutions Will shovel in 100m euros without a really really Good reason. TOR has sold Them And us a pig in a poke And has ruined us financially if the rumours turn out to be true. What hsppened to the Melody Finance renegociation. If this fell through why were we not informed. Maybe the Company used the Transocean case to mask failure to renegotiate Melody failure. In Any case 24 m required for Melody, 7m for Transocean and 8 m in Cash in bank. Thus 25m needed plus max 10 m running cost. That makes 35m. Plus lets say 5 m for Share of Barryroe drill plus 10m for Spanish Point share of drill. That makes 50m euros. Not 100m. Why Are They looking for 100m now and damaging all us small shareholders. This is all Very fishy. We must be missing something. Why not raise 50m and do appraisal drill on Barryroe and SP. Success on either Will raise share Price and thus increase capacita to equity fund With less dilution to existing shareholders

I wonder was it Pagent who were the ii's starting the revolt against TOR, I am hoping at the end of the month this revolt will gather steam although very unlikely.

If there is light at the end of the tunnel you can be sure TOR wants a lot more than his 500k salary he is here for a massive cheque and not here for us clearly ..We will be totally diluted out

At this stage they know the status of the melody loan, the amount owed transocean and when it is due and yet we have been told nothing.

He doesnt even need all that. If he was any good he would make a deal on any asset, drill it and get it producing and then use proceeds to develop the others. Even just sell barryroe for whatever its worth.

Typical form from a badly run company. Absolutely disgraceful behavior after investors put their trust in this company during the last fund raising.

E100m, so only 3/4 of a billion shares at 10p resulting in circa 85% of the company being owned by new investors. I won't be surprised if it turns out to be mummy or daddy O'Reilly!

Was thinking the same we might as well forget about it if plus another billion shares are to be sold off.. curtains for the p.i I have lost big time on this and I am only now realising that it's over