Providence Resources - Re: PVR Stream Log - I see the the fact...

I see the the fact that it has being two weeks since PVR suspended shares as reason to believe that there are ongoing talks with lenders and advisers, which is buying us time to come sort of deal. It may be a equity raise, but could also be a placement with a new investor, or talks to sell a share in Barryroe. Seven million dollars is a lot of money when you do not have it, but not an impossible sum to come up with considering the assets that are on view. It is interesting to note that if the oil price were one hundred dollars a barrel, people would be all over this company now; which would be mad in one way, as the price might be lower when the fields are being drilled. If anything, this is the right time to come into this company, as you have a raising oil price which will be maintained; as production will take years to get back. The case for investing by a big investor is overwhelming. Also worth noting that money on the balance sheet of big companies is always invested.