Providence Resources - Something rotten in the state of Providenc: - What the ---- Are Providence...

What the ---- Are Providence doing with their cash. As of June 30 Providence Have 36 millon euros. This includes approximately 15 m euros ( 16 m dollars from Total and 2 m dollars back payment from Cairn). So that means that Providence had only 21m euros remaining out of Placement funds. Where is the money gone. They should Have had circa 30m Euros. So on June 30 If We add the money due from Total following P and A Providence Have approx 42m dollars. Providence Have to Pay the Total share of the Druid/Drombeg fiasco. Now at approx 80 days. Lets put a Conservative 600000 All in cost for rig and support vessels This gives a total cost of 48 m dollars of which approx 18 m dollars covered By Cairn. Thus providence/Sosina to Pay 24 and 6 m dollars. Leaves providence with 18m dollars. Cant drill Barryroe with that !!