apart from the money at stake i would kill to know what the hold up is.. i just don't get it!!!
any price sensitive information like that would have to be told as soon as it was available.
Don't think talking about liquidation is a postiive
Providence has appropriate experience in the financing of large developments and is well equipped to plan and access finance for a wide range of activities and projects. Providence has established banking relations with a number of leading international financial institutions. - extract..
they are actually sponsers as well.. explains why he was selling shares. only way an announcement will be made is via rns. anything else will be subject to market abuse regulations
Does anyone have any views on the absolute worse case deal they could make. I mean apart from giving it away for nothing. Surely it will contain a cash component which would allow PVR to keep going with its planned work. Also since they currently have no debt couldn't they also get a loan using Barryroe as collateral - just to finance current year expenditure.
I agree. It is difficult to guage what is going on. why do people think that if PVR get a bad deal LOGP will get a good one? And all the analysts give it blue sky valuations yet the funds are selling. I think there is the expectation of a placing with PVR. Though if they get sufficient cash in the farm out that shouldn't be necessary, at least no more so than LOGP.