Providence Resources - Re: PVR Stream Log - Hi Spuddy and I understand...

Hi Spuddy and I understand what you are saying and I agree. I would think that we will be offered some part in the share placement, but at what ratio is the question. My wider point is that Lansdowne have said that their rights issue is a option that they are putting in place in case the other fundraiser that is in the pipeline ( whatever that might be) does not come to pass. Since the only asset they have is Barryroe, the only other way they can get funds is through a farmout of Barryroe of some sort. So I know I am only blowing the brezze but I am hoping that there is some sort of Farmout involved in the One hundred million dollar placement that they are doing at the moment. As I say, ( and it is a wild guess) I am hoping that someone will farm into Barryroe in conjunction with the placement. That would be some good news for us, because if that were the case, and we were given some options on the 11 pence placement, we could at least buy them knowing that those shares at least could be sold at a profit. I would sell them four weeks after buying them just to replace some of my dearer ones. Too many ifs the buts in all this, but sure you have to be saying sometime while we wait. As Sobeit says the Lansdowne General Meeting will hopefully shed some light on things.