Providence Resources Forum

cheers Spuddy

Hello there Sully / JR. Will give you a shout later on to let you know EGM details. My DAD was at meeting

I really think that it is the oil price that is killing us here. We had got to get to a stable financial position in order to tie us over ontill the oil recovers, so even though we will be cutting our investments in half tomorrow, and the farmout may be a drip feed of money instead of a full cash up front offer, what choice have we? It is terrible but we just have to batten down the hatches ontill the oil price recovers, and that means long term investors that are willing to wait for things to recover. I mean the glut of oil at the moment is going to send companies into bankruptcy, and we will be one of them unless we get some cash.

We as investors where asked not to post on boards in relation to a deal with Barryroe... I wait with bated breath for the deal of the century. Let’s leave them exorbitant wages untouched though. Roll on the next placing......

I can't but feel this is like the last throw of the dice by space cadet. So much exaggeration and bull has been spun to investors. Wish I was able to attend the EGM & see what space cadet spins to his major investors who bought in at £4.80 and over. This sums it up for me [link]

It is interesting that when this alarm, so many analysts promise mountains of gold.

Thanks for the link, but the article seems that the author knows no more you and me and this just says - maybe so, maybe in a different way

[link]

Well i mean his family--his dad have plenty of them

Huge? He has currently 3 weeks salary tied up in Shares!

Name Position Shares in Issue
Dr. Brian Hillery Non-Executive Chairman 46,584
Tony O’Reilly Chief Executive 112,470
John O’Sullivan Technical Director 30,648
Lex Gamble Non-Executive Director 100,000
James McCarthy Non-Executive Director 10,000
Philip Nolan Non-Executive Director 30,000
Philip O’Quigley Non-Executive Director 5,000
Michael Graham Company Secretary 15,519