Providence Resources - PVR Stream Log

Good JREwing. Like everyone else on here, feels like we're going to be here a while longer !

Asadi, how are you today ???

Very familiar with Smurfit's, used to work for them. Got a broker tip for Smurfit Kappa when it was €3. Wish I'd taken it.

Just finding this fascinating to watch. I haven't seen anything so undervalued by the market in a long time, But to keep your sanity why not look at Smurfit Kappa as an example of crazy pricing. At one stage in 2008 it fell to a euro a share and stayed below 10 a share for a few years before going back to the high teens. Nothing really different other than global forecasts etc

Godot, the watched kettle never boils, do you think we could be watching this too much ???

Hi Spuddy, not a good day, but without any news, there is no justification for the share going one way or the other. The volumes are slightly higher than normal, but not at a level that would indicate something concrete. I'm just waiting on an RNS that will either be full duck or no dinner.

Godot. like your analysis today.

The sp will bounce back by the end of the day as someone will be buying up the shares at this price in 50k groupings.

Look at the volume. Its all the little guys worried selling out or selling a portion of their shares etc and partly because of the few consistent posters knocking the company with the same miss information.

The exploration costs on those areas are pretty minimal, I looked at the cash position and 1. We do have a loan drawn down but the majority of it is still in the bank. The salaries are concerning a lot of people but I don't think TOR would risk bankrupting his Dads only chance of getting his reputation and fortune back over a 500k salary. So it isn't as bad as you might think.