Providence Resources - PVR Stream Log

Believe Market Will rebound and so do Saudis

Thanks very much for the postings Spuddy and please relay same to your DAD! Without joining the pessimistic side I dont take the ii's being happy as any type of comfort. These are the same people or type of people who bought in at £4 or £5, so their judgement is not fullproof. This will form part of the high risk end of an ii's portfolio and is definitely worth a gamble at these prices. I suspect they are delighted to have a chance of such a large piece of a potentially big pie for such small stakes. To me nothing else has changed today other than approx a 50% dilution of any returns

were they laughing and saying ," pull the other one tony" when they were clapping

A round of applause for Spuddy for a great update on the meeting. Almost as good as being there.

cheers Spuddy

I really think that it is the oil price that is killing us here. We had got to get to a stable financial position in order to tie us over ontill the oil recovers, so even though we will be cutting our investments in half tomorrow, and the farmout may be a drip feed of money instead of a full cash up front offer, what choice have we? It is terrible but we just have to batten down the hatches ontill the oil price recovers, and that means long term investors that are willing to wait for things to recover. I mean the glut of oil at the moment is going to send companies into bankruptcy, and we will be one of them unless we get some cash.

We as investors where asked not to post on boards in relation to a deal with Barryroe... I wait with bated breath for the deal of the century. Let’s leave them exorbitant wages untouched though. Roll on the next placing......

I can't but feel this is like the last throw of the dice by space cadet. So much exaggeration and bull has been spun to investors. Wish I was able to attend the EGM & see what space cadet spins to his major investors who bought in at £4.80 and over. This sums it up for me [link]

It is interesting that when this alarm, so many analysts promise mountains of gold.

Thanks for the link, but the article seems that the author knows no more you and me and this just says - maybe so, maybe in a different way