Providence Resources - Re: PVR Stream Log - Surely even if PVR can't...

Surely even if PVR can't raise the funds through some sort of partnership to pay back the 20 million dollars owing in a few months, they will simply try to gain an extension of the loan and given the supposed strength of their Barryroe asset this shouldn't be much of a problem should it? Failing this (if Barryrow is actually as valuable an asset as they say) surely they will simply go to the market and raise the money via a rights issue. With the new TERP not really affecting shareholder value. Otherwise at the minute the market cap of the company is just over 30 million at the present share price.... I would assume that at this price given the potential of Barryroe and Spanish Point that PVR would be a prime takeover target for someone would they not (given that they have also 18 million is cash and cash equivalents on the balance sheet.... Either way the current valuation of the company and share price is surely undervalued as the break up value must be in excess of this given the assets they possess!