Providence Resources - Barryroe Deal - Hello Haribo. We can only...

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14:31 18/06/2015

Hello Haribo. We can only assume the management are doing something for their generous salaries. It was surprising to see Sequa spend this money on Today´s purchase. So either Sequa have more cash, deal off with providence regarding Barryroe or else it was never Sequa to begin with. If it were option two i.e. deal off with Sequa regarding Barryroe, I would imagine that an RNS would have to be issued Today especially given the fact that Providence stated in RNS that they would approach the counterparty on commercial agreement regarding their funding situation for the Farm IN. So maybe it is not Sequa. Who knows. Surely they will have to -iss or get off the -ot at the AGM and tell us something regarding the FO. Another Option is that Sequa are looking at Barryroe along with another party. And the final two options are that another Paarty in the famous data room are interested with Providence negotiating Terms and the final option the one that seems reflected in the share price - Nothing happening with the company throwing money away on salaries and usless seismic surveys.

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