Providence Resources Forum

This is a winner for the big investors, as they can get shares at twenty five pence. If they tried to buy millions of shares on the market, they would have to pay so much more. Now tens of millions placed on their lap at twenty five pence. Hopefully the farm out will come in the next few weeks or month as stated by Tony. Will be interesting to see. No point selling now, might as well be hung for a sheep as a lamb. That is a old phrase I heard somewhere, not sure exactly what it means, but it seems to suit this situation .

I'm an eternal optimist, that's why I'm down 73%. I hope Godot is right and that this is just being careful in case Barryroe cash not concluded in time. He must have something in order to get Melody to hold off on $20m.

Think its very interesting that the institutions have over subscribed for the shares. Wouldn't have thought they would throw good money after bad. Also have never heard him use weeks or a month as a timeline before. So think this must be the deadline for deal

TOR says he expects news on Barryroe in a couple of weeks or a month. Can we believe this !!!

Watch this space - TOR Senior is going to be a major Shareholder again with shares that are not pledged to any institution - WHAT A SCAM

Salaries etc to keep the place running are closer to 2 mil not 7. It is not very expensive to sit on the Barryroe prospect until someone pays for it.

Think its cover against Sequa not raising required funds. If thats the case then its the prudent thing for them to do as a company. Not great for small shareholders though if it happens. Hopefully sequa deal goes through and issue doesn't happen

What do think is going on. This is awful !!!

Lets just hope a deal is done on Barryroe. We can only believe what we are told in RNS and no announcement yet to say deal is off the table. This could be as Godot states a ploy to force Sequa to do something one way or another

Will be interesting to see the list of new major shareholders once the shares are issued. Either way the ordinary shareholder will be a much smaller part of the company going forward.