Providence Resources - AGM Sequa - Barryroe farmout - Hello Sully Providence obviously know...

Hello Sully
Providence obviously know more about the Sequa Fund raising (if Sequa is potential farminee) than we are being told. If this were not the case I believe that the company would have to issue an RNS saying that no deal with Sequa is possible. Sequa are raising funds for a reason. It costs Sequa money to raise this funding as interest payments have to be made on the bonds issued. So I do not think they would play around with this. I think TOR is hoping for a breakthrough by the AGM and he is probably betting that Sequa will have news by second week in June. In parallel we do not know the level of interest in the so called data room. If any of the parties are really interested they may look to close the deal before Sequa finalize their funding issues. In a way the article in the examiner serves to pressure both Sequa and Data Room players