Providence Resources - Hello Sharemate - Landsdowne are up for sale...

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13:49 13/12/2015

Landsdowne are up for sale as we all know. Think their owners Would prefer to stay involved with Barryroe etc rather Than sell Out for peanuts. Providence taking over Landsdowne Would make sense and make it easier for Barryroe deal. It Would leave Providence controling Celtic sea. Sequa could then invest the modest sum and not only take advantage of Barryroe but also Spanish point. I Believe that Sequa might be more Interested in preparing Providence for upswing 2017/18/19 rather Than developing Barryroe initially. An appraisal drill on Barryroe and Spanish point, plus advances on Atlantic licences plus Landsdowne Amergin Licence Would make Providence attractive for a takeover when supply becomes a problem in 2018/19. Also found it strange that Landsdowne did not participate in the Deal between Petronas and a Providence recently for East Barryroe. Believe Providence Will takeover Landsdowne.

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