Providence Resources - PVR Stream Log

While i agree to some extent fencer i cannot recall reading one negative report about providence. I think only the motley fool said to invest at your peril only about a year ago. All the others were over whelmingly positive.

Re I told you so. So many of the regular posters here deluded themselves for long, trying to turn every bit of negative news into a positive, if you invest/gamble on shares , you need to use logic and common sense, not hope and dreams. Far too many optimists on this board.

Well he has finally had his day. "I told you so" no sweeter words for jimmy

Asset dilution is far far worse than current loan*

Benifts will not be visible when share holdings increases*

In december the statement was farmout will be in new year and melody loan extension is agreed etc etc what happened to both statements. The asset is getting at this rock bottom prices to pay debts. Asset dilution at this price os far far worse than asset dilution. If you assess carefully u will realise whats happening for loan you only interest but if any upside will be beneficial to current shareholders which is not visible when share capital increases. Whats happening is more than one can see easily

The point here is the % of dilution they are making, you will end up to take about 6 times of your current holdings. He has mislead us for a while will you give money even if its handed over if he comes up with xyz reason tomorrow and asks for more funds, its not sustainable. Also, new players got in during previous fund raise who are already on positive side but now for sure some more new entrants. The percentage of dilution in 1 year 3 months anout 94%; rather than sharing assets further better to pull the plug

My only point*

Good, my only poiny if they are selling 85% for peanuts why cant they put whole company on market?

Hi Spuddy, if this share allocation comes as rns its monstrous act on current shareholders, it shows there incompetance its 94% asset dilution better company is on market; in a week or two if they cant conclude deal he need put this company on market will single light. I dont have words to describe how they are moving forward if its true