Providence Resources - Re: PVR Stream Log - Fencer, like Jimmy you are...

Fencer, like Jimmy you are speculating and i emphasise 'speculating' that a poor deal will be done. That has been a common theme in Jimmys emails. Everyone is entitled to their own opinion and can chose with whom they reach consensus ad idem. I dont like to repeat myself so wont elaborate in defending any of my comments, i do however stand by them all. I will however reiterate that if the deal is off the table then an announcement is due, i haven't heard anything. Whether it is a good deal or a bad deal, you may be proven to be correct but all i am saying is that no-one could know other than those who are party to the deal. I think from memory the loan is secured by a floating charge.........which assets do you think they would go after should PVR default on repayment...............again this would be speculation. Good luck to you!