Providence Resources - PVR Stream Log

I think its an understatement to say that the market view on this share incorporates a near complete failure of the BR F/O process. That being said, any positive development has to move this significantly as the entire downside has been factored in already...IMO

as we were told there is huge interest in Barryroe so why is it that the only taker is company with no track record and ran by a fraudster. Something is not right here? any ideas on what problems Barryroe could face i know jimmy24 made some points on precious posts. compartmentalisation probably being the major one. i asume we have to wait for another well to verify. or would this have shown up on sesmic surveu

Lets not get carried away people this share price is at 30p and not 300p PI's have been completely screwed by misleadind statement from Tony Jnr.

taking into account the share dilution and drop in oil price, if farmed out is finalized this share price should be x10 times the current price[link]

Phoebus we are at 5% of that figure now. Reality is that space cadet has zero news to release to shareholders. What happened to opening up to the market in a few weeks or a month. Also not a word from there trip to Scotland to visit Cairn in relation to drilling SP. Why am i not surprised!

It can and will move just as fast the other way if this silence continues. What are the chances of Barryroe being a dud. Where are the oil majors?? and the 3 firms that took interested after the share placement, as I feel Sequa do not have what PVR needs to get Barryroe to production. We need an oil company with a proven track record. Not the 2 Kursty's drip feeding info just enough to keep us hanging on while they collect their cheques. It is actually a disgrace how the BOD do not share the pain with the rest of us, salary cuts is normally one of the first actions taken by a company in financial difficulties. I am in this up to my neck so I live in hope but hope can be a dangerous thing

Silence of the space cadet. If there was even a hint of any good news in the pipeline space cadet would be blabbing his mouth off, with over hyped rubbish. Beware people not even a sniff of a major near Barryroe. Even though spacey told us they all were interested. This is rotten!

Hi Shadow, a ferw hurdles still to cross, not least that Sequa didn't fully get their bond away. If memory serves me correctly, they still have $96m to sell in non US markets over the next 6 weeks. The free cash from the bond was $75m and they are getting a further $62.5m from Sapinda Asia (possibly this will go towards the unsold portion of the bond.) All depends on what their cash commitments elsewhere are.

Hi JREwing , Do you think we are on the road to recovery ??

@ Mmmmm, best comment in ages