Providence Resources - Re: PVR Stream Log - Hi Spuddy and I think...

Hi Spuddy and I think you have the number of shares that will be in issue after the placement spot on. It really is a massive dilution of the small shareholder and places the institutional investors as the main stack holders of the company, just as the farmout is to announced. As you say the only way to protect yourself is to buy the same number of shares that you already have, which you may still be able to do, as not everyone will take up the offer. I suppose the only up side from a small shareholders point of view is that the institutional investor will bring more stability to the share price, but you are really left feeling that the big boys have being allowed into the game just as it is about to start, and in one way I hope that is right, as at least we will get some benefit from it, but of course only half of what we should be getting.