Providence Resources Forum

Thanks Mamms, his focus mainly on providence without much stake, had a look at chariot not much director buys there too why does he winging over here with all negativity. My view every company has some negatives some can try to encash on those by making big. One thing for sure he is posting repeatedly same negative views.

Yes its suspicious if people doesnt reveal there intentions. In this world no one will spare time for free; definately there should be some gain. TOR said companies waited for go into administration which didnt happen, obviously muck is thrown as much as possible. Its like if you dont give me cake will not let others eat piece of cake.

Does anyone has info which other oil companies does Jimmy provide his views; he is very active for few years without holding much stake. Looks to me he is linked to some company who are keen to gulp providence and his technical views is related to a company which was in dataroom i.e. he has provided some before company made public. Lot of us are bleeding Jimmy plese reveal what interest you have in this company.

What do you mean SFA - our dear leader has spoken

I averaged down another 10p this morning - roll-on 1.10

If I were You I Would average down. I did. Believe a Deal on Barryroe Will be closed in next few months. Think Petronas Will be involved one way or the other. Noted recent Article whereby it was mentioned that Post FO appraisal drilling Will be on the área given By Petronas to PVR 60% for a free drill. This Will also contain gas Like rest of Barryroe and as We Know Kinsale pipeline is nearby.

if they ever started paying a dividend though...

i.e not averaging down. i haven't sold anything.

and so i am out..

anyway after crunching some numbers i figured if i spent 7k i could average down to 44p. but if it only gets to 30p on a barryroe farmout then i would still be down almost 30%. which amounts to 10k give or take. whereas if it gets to 30p on my current average i will be down 75% but since it is on a lower amount - totals around 20k. so i would be risking 7,300 to earn (not lose) an extra 10k. so i think it is not worth it.