Providence Resources - PVR Stream Log

I believe Mamms assestment to be accurate and the only thing that can avoid this outcome is a "surprise deal"

Meant to say...LOGP has to find 20% of settlement or PVR is going to have to find c.$9m.

logp

If you look the debt is not high, 15 million Melody + 7 million court case = 22 million usd, earlier companies bid 300million for 50% of barryroe, but the situation is different because of current market scenario. I cant let you know how much we will get but assessing these we are in safe place for takeover. All big boys are behind procuppine basin so its quite attractive, TOR should able to close with decent figure.

If we are taken out then our price is the price of our debt then? Shareholders wont get a say ? @sharemate

Haribo, PVR has advantage of better tax rate and very good assets which is quite tough to get. Big boys will bid and try to gulp

Has anyone been through this before? Maybe give me an idea of what to expect?

If we go into administration would we be immediately delisted? Would licenses be returned to gov or can they be sold on?

I wonder whats happening at H Q. Maybe next rns will be we are being sold lock stock and barrel.? Cant imagine what opening price will be. Anyone have an idea? I guess its binary - either we have a deal or we are bust?? I cant even guess at the possible scenarios.

Agree market is challenging, master shouldnt have come out with statements its imminent, will be done in newyear, watch this space etc etc. If the market is tough why did they still kept high salaries. Master made mockery of himself