Providence Resources - PVR Stream Log

i wonder were TOR snrs' shares sold to pay back PVR debt to Melody. Surely he would have sold sooner if it was for his own personal debt.

Accounts figures always have to be presented in the companies currency which is euro. Some posters than assume the money has been converted. I believe a good portion has not even been drawn down. It is a facility not a loan.

I cannot believe that BOD could have been stupid enough to convert loan to Euro

Agree Godot, i also recall the RNS's being caveated with something like "there can be no certainty that a deal will be finalised". Re "complicated", agree again, putting together a deal like this is not like going into a sweetie shop to buy a chocolate bar

You don't really have a point. your just angry about the share price.

So we all drenched in this then ah ....

So they said they were in negotiations. Pretty complicated ones I would imagine and then he has announced finally that the negotiations have concluded. Deal in place subject to funds. What more do you want from him?

During Interim results brief he did mention deal will be done soon and in weeks and months ahead

That's only came in last RNS along with commercial terms been agreed etc Aug 26th - Central to our activities has been the Barryroe farm-out process, which is now nearing completion. Sep 30th - As we stated at our Annual General Meeting last month, the Barryroe farm out remains our main priority. Negotiations are now at an advanced stage and we are working hard to satisfactorily conclude this with the objective to return cash to the business and obtain capital funding, whilst also ensuring that Providence retains a material stake in Barryroe, with a clearly defined road map for the timely drilling (2015) and development of the field.

That is following through on previous rns