I suppose they could place shares with the big investors at say ten pence and raise the money that way. Actually they are many different ways of doing it, we will not be happy, but we will be alive and hope will spring eternal.
RTE News article stating that Providence must pay Seven Million dollars excluding interest and costs. [link]
I suppose if they manage to get the drilling proposal from an alliance of interests up and drilling it would be a big help. I find John O' Sullivan's comment that it is has to be done soon, or it will be too late to do it this year, very honest. I remember when the share price fell from something like sixty pence to forty pence, he seemed genuinely shocked. I think he is someone who says it like it is, perhaps to the annoyance of the rest of the board, but I think his comments show an underlying faith in the company.
Forty one thousand pound buy just after the close. Trade price of 1.19
Jimmy: I think Pageant Holding Limited were asking the same question about directors not buying shares when they invested last year, but it seems they have being reassured by the board, as they have not brought it up since. I very much enjoy Jimmy's comments here, as it is nice to get as many views as we can. I believe that Jimmy has a underlying belief in the company, as shown by his interest. Wishing everyone invested here all the luck.
A fifty fifty split on buys and sells today. Half the folks think things are going to pick somewhat and half the folks think they are going to get worst. I would think that this shows that nobody knows what way it is going to go.
That is very interesting and very well spotted. It would be great if this was the case.