Providence Resources - Funding - Morning Fencer Providence nowhere near...

Morning Fencer Providence nowhere near Bankruptcy in my Opinion. Fundind conundrum to be dealt with thats true.

Believe the following
Funding Here are what I think will be the Funding Options in order of most to least likely 1: Barryroe FO with up front Cash Payment 2: Convertible Loan eg 40m one year either paid back at end of year or converted to shares at that time. 3: Placing between a few large investors at price higher than present unrepresentative low Share Price eg 150 pence 30 million shares 4: Rights issue Do not see the major shareholders agreeing to a rights issue at 25pence. This would be shooting themselves in the foot and automatically valuing all their shares at 25p. It is obvious that just because a small percentage of shares are traded at 25 pence it does not mean all shares are worth 25 pence. I could pay 20 euros for a share on Monday Morning. Would that be the true value if the share !!!!!For a placing to be seen as fair, intelligent, advantageous in tax terms to participants, acceptable to shareholders it would have to be at s price significantly higher than present value. At 150 pence 30 million shares would do the job. This would be advantageous in terms of capital gains should share price rise. It would be acceptable to existing shareholders who would not suffer such large dillution, be happy to see placing at a price that would value shares higher than the silly present value.
Also would be good for larger investors which would be valuing up their shareholding rather then devaluing it with a low price rights issue.