Providence Resources Forum

The best of doomsdayers didn't even predict something this serious!

Only thing that will save this company is a positive announcement during the suspension - however long that will be!

And I thought the way they handled information about the original case was bad - this is beyond understanding!

Spuddy, its with this tor made us to live for years, the main challenge for the board to raise court ruling funds

Is it possible that a deal on Barryroe is very close and that for that reason Providence sought a suspension on share trading so that existing shareholders would not sell out on today´s terrible news. If a deal on Barryroe were to be announced in the coming days or weeks existing shareholders might feel very hard done by

Court would have sent notice about hearing atleast 2 months back, the acts by board is deliberate

Its duty of the company to inform public about crucial info, they had all the time to issue rns which so far didnt turn to be true

Well wasnt they aware since new year on this front, the question is simple why didnt they inform us early before

All, Keep sending mails else these guys take us for granted. Regarding melody loan when i requested terms n conditons they said it's not available to all shareholders. There is segregation attitude

1: Commercial deal that was announced over Barryroe. Is this still valid i.e. is there a date at which Providence have to say that the deal is not valid anymore
2: Schlumberger: What are the conditions of the agreement with Schlumberger i.e. what are Schlumberger going to get for their assistance to Providence.
3: The Agreement on a loan extension facility mentioned with Melody – What exactly are the terms i.e. what do Providence have to pay for this potential deal announced in December.
4: How is it possible for the Auditors to certify the accounts for 2015/16 knowing that a of a circa $10m payment could fall due for which no provisions have been made in the accounts.
5: Why was an RNS before by the company and why did the AIM not ensure that this financially sensitive information was in the public domain.
6: Where exactly has all the money gone in the last 5 years. It is not at all clear.