Providence Resources Forum

Hi Spuddy, you been quiet since the announcement but you are upbeat, last year we lead to beleive deal is in offing because all iis participated now back to square one. In a years time will know where we will. Looks like you are opting to dilute aggresively has your average fallen below 1 euro now? Am bit cheesed as our leader converted 5 gbp to onea penny in 4 years. The great magician

I think you are right on that Spuddy. Hopefully we will hear something in the next few months as regards Barryroe, but I will not be holding my breath on that one. Having said that, the fact that the company is now financially independent puts them in a much stronger position as regards doing a deal on Barryroe.

Phonner Don't believe We will hear anything on Barryroe for a while. September Maybe. It Would not look Well having handed out shares to the insiders accompanied By a Deal on Barryroe. Believe It is comming but a few months away. I also Have some shares in LOGP. So hoping for a Deal

I tend to agree with you Spuddy. It would be great if there was something announced on Barryroe before the placing, at least that way we would be able to claw back some money. As I say, I do believe that it will work out in the end, but when that will happen is anyone's guess. I do not have any shares in Lansdowne, but I sincerely hope for their sakes that something happens soon on Barryroe.

I bought some shares today and Will also take up placement. Not happy with things but We are where We are. Believe a Deal on Barryroe is much closer Than People think. There is no way that 70m dollars was given to TOR and co to Pay Off debt and drill a Well out in the atlantic. LOGP also got 2m with no other asset apart from Barryroe. Who Would Have handed over 2m to LOGP to Pay Off Transocean without something on Barryroe in the offing. Cenkos Took all there fees in shares. Do You think Cenkos Would put circa 7m dollars on a roulette wheel drill in the Atlantic. Then We Have Melody and all the IIs. They cannot all be fools. My advice Would be to stop your dilution as far as possible. However You Have to weigh up the risks

Shadow: It is hard to know what to do Shadow to be honest. What I have learned in the last number of years is that this share is really only for the big boys, and the small investor is just chancing their luck, hoping to get in at the right time. Is this the right time? Impossible to know. As for taking up your share holding, I would be fairly sure we will be able to buy cheaper on the open market in the next couple of weeks, and of course there is the memory of having invested in the last share offering. Looked like good value then. I think that this share will come good some day, but it would look very much like the big investors will be in complete charge. What am I talking about, they will be in charge in a couple of weeks time. The best and worst thing about human nature is that hope springs eternal.

Only if we will see ever some Irish oil,,,,,,,

I would have expected for plan to be more advanced after so long in suspension

Nearly £2 average terrible feels terrible

Advice required, Have a average of € 1.00 , could double my share holding now for less than 10k , would you punt on this for pension fund , mature in 15 years time ???