Providence Resources - Hard to Know what is Going on: - We shall Know by end...

We shall Know by end of next week what is going on I imagine. Hard to think Institutions Will shovel in 100m euros without a really really Good reason. TOR has sold Them And us a pig in a poke And has ruined us financially if the rumours turn out to be true. What hsppened to the Melody Finance renegociation. If this fell through why were we not informed. Maybe the Company used the Transocean case to mask failure to renegotiate Melody failure. In Any case 24 m required for Melody, 7m for Transocean and 8 m in Cash in bank. Thus 25m needed plus max 10 m running cost. That makes 35m. Plus lets say 5 m for Share of Barryroe drill plus 10m for Spanish Point share of drill. That makes 50m euros. Not 100m. Why Are They looking for 100m now and damaging all us small shareholders. This is all Very fishy. We must be missing something. Why not raise 50m and do appraisal drill on Barryroe and SP. Success on either Will raise share Price and thus increase capacita to equity fund With less dilution to existing shareholders