Providence Resources - PVR Stream Log

This is me ringing Tony O'Reilly [link]

i don't mind getting rns any time. better than nothing.

Why the RNS today ? Does the company need to respond everytime its shareholders are prepared a take a loss & dump shares

Many posters seem to give some sort of credence to broker analysts. I guess I have always had a jaundiced view of such people. Take with a grain of salt the company's own brokers and under no circumstances pay any attention to an Irish resident broker. They virtually never issue a "sell" recommendation (unless the company is already worthless) and are rarely if ever "independent".

if there is not to be a dilution of shares they should come out and say it to stop this free fall. this is crazy. we are being ignored.

Hopefully TOR will announce his retirement. Like JREwing I will be very unhappy if this turns out to be true. What a disgrace!

Lads, check out Aardvark's link, don't think I've ever posted anything negative before, WILL NOT BE HAPPY IF THIS HAPPENS !!!

@ BabyJ, what would happen the share price, if there was even a sniff of a takeover? I don't think the market cap would remain at it's current value for long.

It wasn't a loan, it was a credit facility...we do not know how much of the facility has been drawn then and hence how mush has to be re-paid...

Surely even if PVR can't raise the funds through some sort of partnership to pay back the 20 million dollars owing in a few months, they will simply try to gain an extension of the loan and given the supposed strength of their Barryroe asset this shouldn't be much of a problem should it? Failing this (if Barryrow is actually as valuable an asset as they say) surely they will simply go to the market and raise the money via a rights issue. With the new TERP not really affecting shareholder value. Otherwise at the minute the market cap of the company is just over 30 million at the present share price.... I would assume that at this price given the potential of Barryroe and Spanish Point that PVR would be a prime takeover target for someone would they not (given that they have also 18 million is cash and cash equivalents on the balance sheet.... Either way the current valuation of the company and share price is surely undervalued as the break up value must be in excess of this given the assets they possess!