Providence Resources Forum

Think we are all struggling with that one. I remember tor saying something like : they can raise as much money as they want but unless they give it to us there is no deal. Gives you an idea of what went wrong.

Blackrock were on 4.67 prior to today.

They were sellers for a long time, so nice to see them buying again. Drop me an e-mail and we'll catch up.

Think it was 4.6%. A very small increase but an increase. Who buys shares in a company that you have no hope in !!!!!!. Hope all well JR

Spuddy - What was Blackrock's holding percentage prior to today's announcement of 4.70% ?

Spuddy - how are things?

Desparate - hope I didn't sound harsh, was meant tongue in cheek

Spuddy - what is the reference to Schlumberger?

Blackrock increasing holding today is a good sign. If someone wants this share they will have to pay a lot more than 250M. Pagent stating that a successful appraisal drill on Barryroe alone would mean a valuation of at least 30 to 40 times the present share price. Need to rollo over Melody financing and await for Rebound in Oil price which will be slow but sure. Providence as JR has pointed out are sitting on massive tax write offs. Also the agreement with Schlumberger is a really big development. Watch SP rise in the coming days and weeks !!!!!!!!!!!!!!!!!!!!!!!!!!!!

Sorry - was not my intention for sure!