Providence Resources - PVR Stream Log

with a sp of 60p I think alot of people are 'speculating' that a poor deal will be done, anyway lets hope there all wrong. All the best

With that been the case they are in a better negotiating position then Jimmy puts them. I have done my figures on this. DYOR and come back to me if I am wrong please

In the event of no deal happening the board can pay the loan back and sit on the oil field for another two years fairly easily. They would loose their share of Spanish point deal but so be it.

Fencer, like Jimmy you are speculating and i emphasise 'speculating' that a poor deal will be done. That has been a common theme in Jimmys emails. Everyone is entitled to their own opinion and can chose with whom they reach consensus ad idem. I dont like to repeat myself so wont elaborate in defending any of my comments, i do however stand by them all. I will however reiterate that if the deal is off the table then an announcement is due, i haven't heard anything. Whether it is a good deal or a bad deal, you may be proven to be correct but all i am saying is that no-one could know other than those who are party to the deal. I think from memory the loan is secured by a floating charge.........which assets do you think they would go after should PVR default on repayment...............again this would be speculation. Good luck to you!

In the unlikely event of no deal by the time our loan becomes repayable, what happens to our rights to a multi billion dollar oil field?. Do we then lose Broe, and in that scenario with no income and very few assets, are we not either facing a major rights issue or closure by the summer.

sells only work out at 0.0037% of shares, the deal is still being done and will be announced when they are all ready. nothing we can do about it we have made our choice and now sit and wait the outcome. i would hope we a reasonable deal we end up back around the 1.75 to 2.00 to start with then see what happens at Spanish Point . also the 3d Seismic results for Dromberg should be available in March

Double! If a deal is done this will fly.

PVR has the rights to a potential multi billion dollar oil field. They have waited for a good deal. I think you are over reading small volume affecting to sp. In so far as the sp going up before a deal. They kept the indian deal very secret so I would expect the same again. In fact the only reason we know about this deal is not the papers but one of our own doing his research.

Here we go again. If there is a deal I have a feeling its going to be disappointing to alot of us, there are always insiders and people in the know who buy up shares when a good deal is imminent, and yet all we have is a share price that is flirting with its all time low. I think that our over paid bod will probably manage some sort of poor deal that will keep our company on life support for a little longer , so as they can continue to collect their paycheck. godot and Mmmmm have been very quiet the last couple of days after slagging poor jimmy who imo is one of the few who makes any sense.

Just a thought, what does AFREN who have net debt of $720m, have to do with PVR whose net debt at the moment is negilgible ???