Providence Resources - Share movement - Obviously someone has been buying...

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11:53 21/05/2015

Obviously someone has been buying the shares that Lloyds and anybody else is selling. Is it possible that someone residing in the Bahamas has bought back shares that were sold earlier before News is released on the Barryroe Farm Out. Using a couple of front companies to purchase these shares would allow the owner to remain below the radar i.e. sub 3% holdings. Sequa´s Bond Offering will close completely in early June when we will know how much of the remaining 96M Dollars of Bonds have been sold. With Landsdowne up for sale, Fastnet looking at mergers or acquisitions and Providence awaiting its potential farmanee (likely Sequa) to raise funding, news shortly is possible

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