Providence Resources Live Discussion

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Desperate 12 Jul 2017

I've only managed to average down to 100p and I hold 1m - thinking about running for the hills as I can't afford a duster and an SP of 5p. I thought I might get an extra 10p back during drill but that now seems unlikley, and potential upside on discovery seems questionable at best.

Desperate 12 Jul 2017

This has to be the worst reaction by an SP to 2x farm-ins and the confirmation of commencement of drilling. I note PMO only added 100m in value after discovery. On a like for like basis if PVR come good that would only equate to 250m being added to PVR market cap subject to success – risk reward not great considering this equates to an SP increase of 2.5x on a 10/1 chance.

Corsoloran 12 Jul 2017

it's available on the LSE site, not on providence's homepage yet

Corsoloran 12 Jul 2017

The long awaited RNS is out. Good luck everyone!

lastcall 10 Jul 2017

I spotted the CHC Helicopter flying over West Cork Bantry/Castletownbere this morning at 09:45am approx heading out to the Stena Icemax from Cork Airport. It returned to Cork Airport at 13:20pm approx. Seeing this helicopter filled me with great delight. Hopefully an announcement tomorrow. This is the first CHC flight to Stena Icemax i have spotted so far.

Haribo 07 Jul 2017

anyone any idea what price will be if it comes up a duster? 5p?

Phonner 04 Jul 2017

Here is a update from yesterday's Afloat ; Ireland's Sailing and boating Maritime Magazine, giving details of the drilling: [link]

Corsoloran 04 Jul 2017

This is beginning to resemble a good investment. Good luck everyone

quicktrade 03 Jul 2017

Price starting to rise now, let's see it break through 18.50 for once and for all

Desperate 03 Jul 2017

How do companies stop information leaking from those involved in the drill?

Corsoloran 30 Jun 2017

To get the right "Spudding effect" I just bought another bunch on the ISE, and I am still a fair distance from my breakeven point. Anyone else want to follow my lead?

Corsoloran 30 Jun 2017

I am on the cheap version so would defer to @quickttade

Corsoloran 30 Jun 2017

Same position with the Ice Max on Marine Traffic

quicktrade 30 Jun 2017

Where is the IceMax? Marinetraffic has recorded a position from 2 hours ago sobeit so she's still afloat...

bullseye 30 Jun 2017

Sobeit, if you read todays RNS directors intents to issue further equity to raise money, i bet they convert this loan amount to stock options. The behaviour by directors is horrible they are still taking huge salaries and diluting existing shares. IIs is protecting Boldy because he can play to their needs and dilute the stocks. Both pvr n logp is horrible from share holder perspective.