Providence Resources Forum

Sully to the rescue again !!! well done that man, if TOR was reported saying that then he must be confident the money will be there to Drill and into 2016 too so faith restored just have to wait for the Fat lady to appear and sing so we know the ins and outs but again thanks Sully great work

I BELIEVE!!!

Jrewing im just protecting the image of TOR since he won't do it himself. but in all honesty i think this deal is still alive

Sully you turncoat, thought we had a deal you wouldn't publish anything this week. WELL DONE

doesn't sound like a company about to run out of cash is what getting from the summary

no info but tony is alive.[link]

Will we be complemented with an RNS before this hits zero. The wait continues!!!!!

Can anyone shed any light on what PVR are actually doing in the interest of the share holder? I cannot see the logic in saying nothing to your share holders. Will this be a case of ‘’we were close to an imminent deal but market conditions didn't favour the company after 3 years of trying to find a partner’’

It is Sequa issuing the bonds not PVR. It is just a form of tradeable debt, the yield increases and decreases dependent on the value attributed to it. Unsecured is just like a loan that is unsecured i.e. no fixed or floating charge for non repayment. If the deal is not still on the table PVR would have had to make an announcement. Does anyone know hwo the bond issue is progressing?

According to AIM rules Providence must inform its shareholders of any Information that is likely to affect the Share Price in a material fashion. Prvidence must still be in serious negotiations as if not the directors of this company might find themselves with legal problems. Is it legal to draw a 500k salary on borrowed money at a rate of 10% interest. Have we not been told that a deal would be done in 2014 by the CEO. It seems to me that the interests of shareholders has not been adhered to. Why were we not given more information as to the Possible interest from the Indian State Oil Company. So based on this I believe that a deal must still be on the table. Would TOR isk legal action and the reputation of himself an his family and the bankrupting of this company just for the sake of a 500k salary