Providence Resources Forum

Hello there Mmmmm. Believe negative Comments depress share price given the illiquidity of the market, thin volumes and small free float. This allows Market makers and shorters make a killing. If any potential Farminee or take over candidate is looking at all these comments I believe it does Have An effect. Any 3rd party knows that with Share price depressed they can string the company along knowing that it is extremely difficult and unpalatable to raise money with share price where it is. Given this situation any potential predator can Just sit and wait whilst share price drops lower waiting for the moment to make a low offer. It is not the same raising funding through equity issues with share price at 20p then when share price is at 6 pounds. This adds further pressure on the Company.

Love it, a potential farminee would listen to comments on a bulletin board over the outcome of the millions they would potentially spend on due diligence........jimmy is in the wrong game if that is the case

I agree with spuddy. All the negetivity can't help the shares. Im just as mad as the rest to see my investment go belly up but I'm still holding on in hope. Honestly i think a deal will be done. The greeks look gone now. Wonder how this goes the price of oil tomorrow.

Thanks Spuddy for your comments and do completely agree with you, let's not pour fuel into burning house. Yes some of the technical comments will lead potential bidder to review in a much more closer look and BB's might be indirectly helping them. I don't have ID in iii, thought Jimmy is quite technical in oil field and following his comments for couple of years, those who have access to iii request not to make any further technical comments. I do value Jimmy's opinions but it's time to protect our own investments.

Spuddy are you suggesting that really clever people would change their mind about participating in a multi million pound profitable project because of comments from less than half informed people posting on a discussion board?......., come on please

We all Have our opinions regarding the BOD and whether they Have taken Good or Bad decisions to date. However sometimes reading this Board one wonders why the Same People just do their best to dammage the Share Price even more than it is. Lot of talk here but no solutions. Why Don't the critics here just sell their shares if they believe there is nothing Good to talk about. If I Have a house to sell I Don't go telling the whole World what a horrible neighborhood it is. Were any of these critics at the AGM. I believe everybody has the right to An opinion and it is Good to hold Management responsable for their decisions. However do these critics believe that their criticisism Aids or dammages the share price. If any potential Partner for barryroe reads these continuous negative tirades Will this encourage them to do deals with Us. I believe we Will eventually Get bettter news from The company.

jimmy24 is frighteningly correct

And to be fair jimmys argument is a bit circular. They can only do farm out if they have something to farm out. Which obviously they need to initially fund through debt and equity.

We wont complete deal till they give us the money? Whats that about? Sounds like Sequa are playing dirty. Seems like they know pvr have backs against wall and are trying to force them to capitulate. What a shower of sh1ts.

It's hard to believe tor because he misled investors on quite a few occasions each time he showed moon to us, last year I read when share price was at 1.50 a shareholder asked to take a cut in salary, tor showed moon to him that it will raise4-5 times in matter of months, he takes every shareholder to moon for free of cost hope he will not leave us there. Tor might be putting little bit more effort now due to shareholder pressure. What if shareprice drop further Lloyds n black rock wouldn't have sold if there is no smoke. Unless we participate in the meetings difficult to trust. Some of the company's in the data room have studied barryroe earlier and ongc was near to offer for them it would be matter of days to pick lucrative asset. Lets hope for the best am not touching this for now.