Providence Resources - @ Shadow - in relation to buying again,...

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12:56 09/02/2015

in relation to buying again, Mars_2050 has just posted a very good review of today's RNS indicating PVR as a BUY. Just 2 points in relation to that, i) Sequa have still to raise enough cash, if they can't then farmout is delayed for about a year. ii) given share price reaction to today's RNS the markets are slow to attribute any value to PVR until it's tangibly backed up by cash or oil. Both of the above mean it may NOT be a short term investment. If you buy today be prepared to be sit and hold and you'll make money.

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