Providence Resources - PVR Stream Log

Hi Spuddy, true but they are dwindling about 12 million shares which should be allocated to public. How come any competent authority didn't look into this? My usual observation for many years companies allow public to participate equally here pvr didn't even allow us.

It's rediction by more than 100%

Hi Spuddy, PVR diluted general public asset by not allowing them to participate in share offering. The 66 million allocation will be massive impact. I will not take whatever company situation based on company circular either management need to allow general public to participate or raise capital through other means. It's not justice done to us that to at Rock bottom prices. Pvr need to revisit this allocation what's your view

ABT Oil & Gas farmed into Helvic field in November 2013. However I cant find any reference to their share on PVR's website or anywhere else. Furthermore, I cant find any reference to them selling or surrendering their share. Have I missed an RNS?

if the large shareholders own 55 mil. shares and they take up their full entitlrment which is 12.5 mil at 34c(55÷ 4.4) they are now entitled to to purchase 20 times their original shareholding of 55mil. which is 1.1 billion shares add this to the 67.5 mil.shares + 10 mil owned by the retail holders like me and that adds up to 1.177 billion shares could be some dilution?

The remarkable thing about this share is that the price seems to have stabilised, interesting that the sellers dont seem to want to drive it below the placement price............

re Sapinda: agree with atlanticshore. Sapinda chair has long record of bankruptcy and conviction for fraud in Germany. PVR would really be scrapping the barrel supping with these guys.

Read the Article and from Sapinda´s Point of view seems very reasonable. If they have the money for Providence and Barryroe do not see any reason for concern.

Apologies for ignorance but is this an offer for extra shares or rights for free to compensate for dilution or is it purely offer to buy more shares? Perhaps am getting mixed up with rights issue

Thanks lerrab