Providence Resources - PVR Stream Log

Jaws had power and strength and teeth. Tor hasn't any.

Looks like pageant Holdings have more than had maintained their percentage holding in the company. [link]

The use of the word "swarming" is interesting really when you think about it. It suggests that the majors are falling over each other to get a slice of Druid. I would be happier to hear that one or two majors had made requests to see more technical information regarding Druid. Perhaps what is meant by super majors swarming around Druid is that they have taken acreage in the same area.

just to be clear - i know that they did deceive. but i just don't know if it is incompentence, or a repeated deliberate intention to deceive. if so then it is only surpassed by mister madoff's enterprise.

Hi Sharemate, it is impossible for me to know if what has been said, was meant to deceive or not. Maybe these smaller companies were not waiting in the wings to pick up broe at knockdown price, or maybe they were.. We have been fed a lot of stories no doubt. Like the thanksgiving turkey .

Havent they mislead everyone in december that melody loan extn is agreed if required. Suspect they know in december what next to be done

Hello Haribo, I dont accept company going into administration, board clearly know whats coming from court case and melody this is basic minimal level anyone can expect. If they would have foreseen that scenario they would have put assets on sale last year itself similar to logp. The reason they didnt opt this because any bids need to inform lse. I suspect some of acts are planned ones. His acts were by releasing bullish rns so people can buy and dilute the capital at the end.

and if the results of druid and drombeg hadn't been released when they were we would be in administration right now. we were saved by the skin of our teeth. lets hope they come good!

they will probably invest when/if they start producing oil. and then pay out nice big fat special dividend to themselves. but right now it is too much of a risk for them. as anything could go wrong. and why invest your own money when someone else is willing to stump up and take the risk. they haven't taken any risk but all the rewards so far.

60 million to 600 million shares in a year, its the competant leadership.