Providence Resources Forum

Important: Info from other Board - Can all parties wishing to remove TOR Jnr email me with your stock holding at [email protected] As relayed last week - wheels are turning including the potential for a derivative action against the BoD as a whole re non disclosure of the Transocean case. Tks

yes all we need is for TOR to make a deal and all will be well! Where have I heard that one before! the last three years has proven he is incapable of making a deal. even a bad deal would have done to get the ball rolling and keep the lights on. now he is under the cosh he will sell for far less than what it is worth. he has to. or else give up his salary. and that is hoping that barryroe is actually even worth a fraction of what we were told it was worth. which i have come to disbelieve. anyway the truth will out. and at least we are coming close to that. i can't see him slithering away from the facts for too much longer. the truth will bring some measure of closure for me at least.

I think we should be OK, and survive this major setback. Seven million dollars is a lot of money when you do not have it, but there is a good few big investors here, so they should follow the money and keep the show on the road. The upside would be that this setback will hurry on a farmout of Barryroe, and the worst downside is that the shares will never be traded again. I do not think that is going to happen, and I imagine the longer the shares are suspended, ( which would be hard on the nerves) the better chance that a good deal can be done.

WRES moving up"

Agree that the Blackrock sale was well masked. However it could have started sometime back as the trade was ongoing. Don´t think they had to notify until trade was completed. Circa 1.8 m shares. Probably started selling early March. THE BOD and TOR have made a complete mess of this company. They have been arrogant and negligent and certainly do not appear to have acted in the shareholders interest. If no good news forthcoming on Barryroe would like to see TOR and BOD removed from the company. If Barryroe deal not forthcoming we will be faced with another equity fund raiser. This would be more palatable with a new BOD, TOR gone and a plan to realize the potential of the assets that Providence has. Also sick of the secrecy in this company where the BOD and TOR believe it is ok to issue a statement once or twice a year giving misleading updates on the company´s progress.

And moreover theren't big trades for pat 1 month, how did blackrock suppress this info if they sold earlier

Lastcall, blackrock selling is more than one can perceive that too day before judgement

A big player could buy this without even thinking. 300million to the first bidder....

This has to be a take over target now. Potential of billions of barrels of oil and gas reserves. The amount of debt is tiny when put into perspective.

Am hearing not much response from HO, and no one is replying. Need to catch them, blackrock reducing stake is smelling more than we think.