Providence Resources - PVR Stream Log

If issue with BROE is that he is asking too much, it's a real insight into the man's motives that he thinks as 10:1 dilution for shareholders is better than any deal on BROE - what an a..

Half a million shares purchased in Dublin: [link]

100x would be nice!

Just read the Phoenix article, and goes over the history of Providence, which is hard reading and worse the the share holders that have lived through it to put it mildly. I had forgotten that when they had the last fund raiser they issued ten million shares to Melody and 38 million shares to the broker, Cenkos Securities. I wonder have have being selling their shares? Anyway to end on a better note, according to the Phoenix, Providence is now valued at 110 million euros at a share price of 19 cent. Assuming costs of about $30 a barrel, this would leave the Druid licence ( where Providence has 56%), with a possible net value of $10 billion - nearly 100 times the value of the company today. We have being following the dream for years now, so I hope for all our sakes that this drill works out.

So many share changing hands and no movement in SP!

1:6 would be palatable for me

Doesn't sound like a guy who'd join a company which is about to go bust tho...

[link]

Great appointment, share price, again, a disappointment. Maybe tomorrow

SP ambivalent to news yet again