Providence Resources - Dillution - Preferred to buy extra shares...

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Dillution
15:05 07/03/2015
Spuddy
0 replies 0 0

Preferred to buy extra shares than be dilluted. Think a deal is already done just waiting share placement and rights issue. Landsdowne might sell there 20 percent of Barryroe and may opt to get a drill on Amergin as part of deal. All this will benefit fastnet with licenses nearby. Strong buyer in Fastnet yesterday. Think fastnet will look to drill deep kinsale as well pnce rig confirmed. If Sequa/sapinda taking shsres in Providence believe the farm in terms will be quite ok. If we get cash to allow us move on with Spanish Point then things could really start to move
Good Luck to All

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