Providence Resources - PVR Stream Log

It doesnt matter how the company does now my share of the world class assets was simply confiscated redistribution of ownership

Lloyds down 29% . Wish i had some money..

I cant believe it...

Bexit - let the games begin

No use now but to those in at low prices. Didnt realise melody loan would cost so much dillution there was no seeing that one from int rate info

If there is a cash element to the supposed BROE deal which is very close then the size of raise is criminal!

Malcy's Blog latest take on Providence: Providence Resources Lazarus like in its nature, the rise from the Transocean debris was completed yesterday when the company raised $68.4m plus proceeds of the open offer at 12p a share, a discount of a modest 13%. Enough to pay the court for Transocean, discharge all the debt to Melody, pay for some working capital, drill a well on Druid next year and still be able to provide a solid background to farm-out Barryroe and Spanish Point. Yes, Barryroe is still waiting for farm-out although I am reliably informed that it really is now closer than ever before. The placing is quite an achievement in these markets although there is a definite air of confidence around that I hadnt smelt much recently, apparently existing holders as well as a blue chip list of new institutions are now on the register. With today’s announcement of another licence in the Porcupine Basin adding to the portfolio, PVR finds itself in a very strong position and having discharged its liabilities now works from a clean sheet of paper, worth a close eye on nowadays…

@Phonner thanks for posting link.

A interesting link where Tony gets to talk about the recent developments in the company. Click on the Podcast at 15. 15 to listen [link]

Watch this space , two weeks or a month after the last fundraise