Providence Resources Forum

The exploration costs on those areas are pretty minimal, I looked at the cash position and 1. We do have a loan drawn down but the majority of it is still in the bank. The salaries are concerning a lot of people but I don't think TOR would risk bankrupting his Dads only chance of getting his reputation and fortune back over a 500k salary. So it isn't as bad as you might think.

I would like to think we would but I have no clue. The whole oil industry is down on sp so I don't see how Pvr could have avoided this recent drop but as I think you said last week the oil per barrel price can't stay this low for long as nearly every oil producing country is loosing way too much money.

It hasn't changed. Look at the volume involved. Just have to wait for announcement or drill to see real value of company in the share price.

The banks control TOR seniors assets now. And for months now they have not moved to sell this stock. That to me tells a big story about the real value of this company. As a bank would usually jump at a cash equivalent asset like shares first and then try sell the property etc.

Linkoping, there is no information on it cause its scare tactics by Mamms

Mamms, where did you get the info the TOR senior is actively selling his interest in PVR????

I actually enjoyed that ramper last week, he might actually have been effective. When he started the share price was about £1 and then went up to £1.10, since he's been exposed the share price has gone back down to currnt prices, coincidence ???

Haha, I know he can't see this but Mamms is as big a joke as that ramper last week. What a load of balls he talks

Shadow, I bought on a pre-drilling results rumour about 2003. Post drilling the share price collapsed, so I bought more, waited until they went drilling again, sold half and proceeds covered the other half. Have had that small holding ever since, but added a large amount (for me) this year. My breakeven price if £2.50. The share price has always gone up when they were going drilling and down afterwards. You've seen all these lows before and know the price will go up substantially on any news

Shadow, sorry, only seeing the relevance of your Black Friday comment now