Providence Resources - Share Price - Whilst it is annoying to...

Whilst it is annoying to see SP at these levels I believe that it is being marked down ahead of news releases later in the year. As Sobeit states frequently Daddy will be out of Bankruptcy in November. Irving Oil will have closed purchase of Whitegate. Oil prices although volatile appear to have put in a bottowm and the futures curve points to supply problems down the line. Wonder if Cenkos are keeping the shares it got as part of placement fee for daddy when he gets out of bankruptcy. Remember many of his shares were sold at 50 cents in 2014. If he were to buy them back in November at such a level or even below, cenkos would make a nice profit. TOR has options at 45P some of which need to be exercised I believe in June or July 2016. For them to be worth anything a deal will have to be done on barryroe before. I believe a deal is on the table and will be closed before the year end. Irving oil may very well be part of the deal. This would change things dramatically. I do not believe new Institutions passed 70m$ to Providence just to pay off 25m$ in debt and throw 45m$ onto the roulette wheel with a drill at Druid. Everybody wants some sort of a Guarantee for their money. Why would you hand over 70M$ to a company just for a 45m$ drill automatically handing over 25m$ to third party´s i.e. Melody and Transocean. These chaps must know something that we do not and I believe that something is a deal on Barryroe toward the year end.