Providence Resources - Live Discussion

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Phonner 14 Jun 2017

The last time I looked at the Icemax, I think it was under repair. It is now active. Hopefully it will be underway soon: [link]

Desperate 13 Jun 2017

SP manipulation continues unabated

Spuddy 12 Jun 2017

Hello Sobeit Sunday Business Post: Article goes like This 1: Providence ready to play hardball over Barryroe discussions. 2: landmark Deal with Total Druid/Drombeg/AVALON. 3: Investment significantly strenghtened balance sheet which will improve barganing position re Barryroe. 4: TOR told Business Post that focus now on drilling Druid/Dromberg and Farming out Barryroe. TOR - " gives us options with strong balance sheet" re Barryroe and " people Know we can do things on our own if They do not come up with reasonable opportunty for shareholders and strength of balance sheet does allow for different kinds of conversations. " 5: 20.25m dollars to be paid next week to Providence from Total. 6: Shareholders gave money last year for Druid drill and that created a dynamic of Its own and thus Farmouts occurred as big players Did not want to loose out on cheap opportunity for potential major upside 7: Discussions underway re Barryroe with 2018 earliest drilling window

Spuddy 11 Jun 2017

Why all This nonsense : The icemax is due to start drilling late June or early July. Will probably leave Canary Islands June 20th onwards. All the talk if delay etc is rubbish. At AGM for those who were not there the members of Board said late June or early July start date. Take that as An early July date

Desperate 09 Jun 2017

Sobeit, I believe the options are at 17p because unlike baby's they are in lieu of a directors salary. If they were being paid a salary, they could buy at todays price using their salary.

Spuddy 09 Jun 2017

Barryroe A Deal in Barryroe could be signed anytime. Don't think assignment of options means a Deal is Close or not. In any case think Providence Will take over LOGP with share swap prior to Barryroe deal

bullseye 09 Jun 2017

Directors allocated themselves 3.75 million stock options at 0.17c; they are not paying money now but getting allocated. Its like million quid to directors they will not let bleeding shareholders easily.

bullseye 08 Jun 2017

About 18 millions shares they sold in 5 days

bullseye 08 Jun 2017

Capital group reduced stake by around 3%

Desperate 08 Jun 2017

SP back down today - can nothing but oil actually flowing move the needle on this SP?

Spuddy 07 Jun 2017

Podcast [link]

Desperate 07 Jun 2017

If I thought this kind of news would only move SP 1p I would have sat on sidelines - unexplainable

Desperate 07 Jun 2017

Correction - company will only have 30m post drill of Druid/Droombeg as I missed fact Total funds will only cover PVRs portion of drill.