Providence Resources Forum

I wonder whats happening at H Q. Maybe next rns will be we are being sold lock stock and barrel.? Cant imagine what opening price will be. Anyone have an idea? I guess its binary - either we have a deal or we are bust?? I cant even guess at the possible scenarios.

Agree market is challenging, master shouldnt have come out with statements its imminent, will be done in newyear, watch this space etc etc. If the market is tough why did they still kept high salaries. Master made mockery of himself

@ Jimmy re: this went under the wire, I suspect you didn't even know this yourself until now. You were the very person who said, the independent NSAI best estimate figure of 346m barrels of recoverable oil would decrease as the prevailing price of oil decreased. That makes sense, but it shows an acceptance on your part that NSAI were estimating commercial recoverable reserves at the prevailing price of oil. Last time I pointed out you were technically incorrect on a comment you made about Dunquin, you failed to reply.

Some on this Board always eager to make a Bad situation worse. With regards to Providence we shall soon See if TOR and The BOD have been lying to us about Barryroe. If Barryroe has value one way or The other whether an outright sale, a sale of a stake or a farmout will happen. If not we Know who has been telling untruths !!

When there is negativity Jimmy pounches on ... why cant he step back for a bit

Hi there Spuddy, ideal option is takeover, tor played with us; sunday times today speak company is in the hands of god etc eytc the same outlet used to mention barryroe as a goldmine now they are describing differently. Anyway, its the board which was misleading us for a while and assuring things are imminent

Ha ha too true atlantic. Though we do have the data room which is a hive of activity or so we are led to believe.

Hard to Know What is going on Sharemate. Lets hope a Deal can be done Soon. It is such a shame. Great Assets and terrible management. It is hard to believe that they could have Left us in this terrible situation. Just have to hope They can resurrect something at this late stage

Board need to cut down their salaries drastically and deliver before they get rewarded. We been hit back to back for years.

From my view, board would have deliberately withheld this Info but If they able to pull the rabbit out of hat and pull us out of misery before share start trading it should be OK. But will they, so many assurances and plenty of time and opportunity which was misused by the management. They need bring their salaries