Providence Resources Forum

Nobody got any comment on the fact 5m shares have traded and SP is flat at best?

For Stevie the company need to be alive so he can keep drawing his salary.

Hi Spuddy, you are optimistic, steve Boldy of logp will be very happy as the funds got raised and his salary is intact; how many ceo's like him on earth can draw salaries doing nothing tell me. Oh i love to be in his place its a dream.

Morning Sharemate

Gut feeling that T 5 Will do something Like suggested. T5 has An asset in Senegal and is looking to raise funding in IPO on back further asset purchase. This reminds me of deal with Amryt where Amryt reversed into Fastnet and bought Two small prívate pharma companies. Similar thing could be done with Landsdowne and purchase or Farm in on Providences Assets. Remember seeing Steve Badie of Landsdowne at PVR AGM last Year and he looked Very happy. Last year funds were provided to Landsdowne which staved Off Bankruptcy. Who Would provide money to a Company with debt unless They believed something Good was on the way. T 5 is looking to build a billion dollar company. I doubt there Would be a Big appetite to starting exploration From scratch whether it be in África or Ireland. T5 Are Going to but Assets and low risk high potential opportunities I believe. Good News for us I believe !!!!!

2. T5 is looking at assets in middle east and africa.

Hi Spuddy, Its hypothetical that T5 will do reverse takeover 1.they launch ipo in April the timelines doesnt suit to druid farmout, on what basis will T5 raise funds; do they tell we will Barryroe which doesnt cut much ice

Morning Linkoping

Putting all The evidence together it Is what is likely happening. T5 oil and gas needs an AiM listing. Landsdowne has a listing, An asset and no cash. Someone had Been buying a massive amount of shares in Landsdowne. Pat Plunkett also involved in T5 is Chairman of Providence. Fastnet licences sitting There in trust. Providence with Great Assets just need a little more funding to allow For drilling at Barryroe, drombeg, Druid, newgrange, Spanish Point etc. Drilling costs have never been lower. T5 wants to launch a billion dollar company. One relatively easy way is to help providence drill Its assets !!!!

Believe We Will See fast progress on Barryroe thereafter. Think All Jimmy's negative asertions Will be proved incorrect. Remember predicting a reverse take over of Landsdowne and a Farm into Barryroe sometime back and my ongoing comments with regards To Barryroe and Providence were described as mindless By One pundit on This board. We shall Soon See !!!!

T5 more probably won't do any of the mentioned below ..unfortunately but let's be realistic here Spuddt what are you basing that on ????

Believe T5 Will reverse into Landsdowne, Take Fastnet Licences and likely a stake in Barryroe (directly or via Exola). Might also See T5 Farm in to Drombeg, Druid and Newgrange