Providence Resources Forum

Jimmy, If there is a farm-in partner there should be no need to raise additional funds, and if there was, we would be doing it at significantly higher than the last round of fundraising.

Jimmy I Have a question for You. Have You any shares in Providence Reaources. If so why ?. If not why do you spend so much time enlightening us all with your positive comments. If You Have no shares it is Very hard to understand why you spend so much time creating shareholder dispair here. On the face of things it appears like you are happy to see the share price drop because it validates your statements. Given that you talk a good talk please do the following. Tell us why you are interested in Providence Resources and tell us what your strategy would be to resolve all these problems you have mentioned

It is always darkest before dawn and fortune favours the brave. Whether you like it or not PVR share price has been decimated. If you believe the competent persons report then PVR is a great risk reward investment opportunity. If PVR does execute successfully deals for Barryroe and Spanish Point then sentiment will dramatically change. The stock will air pocket higher. Institutions and retails investors alike will be net buyers. Market makers will re-initiate positive research and coverage and brokers will peddle the story again. Warren Buffett is famous for buying when everyone else is selling/scared and he sells when everyone else is buying or being greedy. PVR is now a very compelling risk reward investment. Forget about all the 'noise' - focus on the technical reports - place your bet and step away for 12 months. Invest only what you can afford to lose - this is a binary investment - but the upside is now a multiple of the downside from here - for every euro you may lose if PVR fails you could possibly make 4-5 euros if they succeed . You cannot say that about many stocks.

I see Pageant have being added to the shareholder structure: [link]

hello Desperate. Totally agree with you. Hopefully the Barruroe deal will be ok and will allow us to get things rolling

Spuddy - if he has not learnt his lesson and he is going to sit and wait on a figure he determines there will never be a deal - 4 parties in the data room will put a value on it, and he has to accept one or go quietly into the night early next year.

TOR commented at AGM that very unlikely to see an offer of below 5 pounds accepted by company as this is where a lot of investors i.e. big players had originally bought shares. Also mentioned the interest from Frence Oil company in a buy out turned down as the offer in excess of three Euros not of interest. Agree with you desperate that things will turn around here.

I'm ploughing in even deeper - While deeply disappointed with BOD, I don't believe they can lie as consistently and as publicly as this board suggests. I believe I will get back some of my MASSIVE losses in near future - sadly will NEVER see the full amount. I'm anticipating a value of circa £2 when things come to fruition, in whatever guise that may be.

Thanks Broeflospecu. Think now is a Good time to lower down averages. Believe as well that we will get some good news in comming months. Believe TOR will get a result

Hi Spuddy, buoyed by your enthusiasm, and the fact that a lot of the ii's are holding their nerve, and also believing a deal will soon be done on BROE, I'm averaging down and going back in for another dip..... heres to solid and favorable outcome by the end of August..