Circle in a mess. So Jimmy not such a Guru after all. Believe Providence is in a different situation. Company will release RNS in comming weeks I was told yesterday. See Whitegate sale is Close to conclusion. Interesting !!!!. Atlantic Licence second round due next week. TOR was recently in Heuston. Schlumberger have headquarters there !!!. Fingers crossed for the outcome. Believe suspension was to protect shareholders pending Deal conclusion
Imagine Jimmy has got shares in Circle unlike Providence. And Broeflowspecu believe news will be better Than most expect
Believe the situation will turn out better than many expect. Obviously not in default as this would have to be announced. Update from Providence: regarding Melody, AGM and Preliminary result dates. Response: company hopes to address these issues by way of press release in comming weeks
Sent an email to Providence requesting update regarding Melody, AGM and Preliminary result dates. Response: company hopes to address these issues by way of press release in comming weeks
Believe we will See one of the following shortly. 1: Farm Out of Barryroe. 2: An investor taking. Circa 25% stake in Providence (for 40/50m). 3: A Deal to drill Barryroe for oil and gas ( this News Would be acompanied By plans for An equity issue to Pay debts and fund part of drill). Any Deal to drill Would cause share price to rise and make fund raise easier. Supply Worldwide is starting to fall and oil price narrowing contango plus stable futures price is moving things in our favour.
Jimmy for someone who has no shares in Providence You are up very late giving us your as always positive opinion On Providence. Hard to understand what keeps You up writing about Providence at this time of night. Interestingly you suggest that a third Party could come in If We are all lucky and take shares at a deep discount. Strangely we Don't hear You mentioning problems in such a scenario with Providence's asset portfolio. So You seem to be contradicting yourself slightly and likely Would be happy if such a scenario came to pass
Disagree entiely with Mamms. Sometimes It feels like he and someothers on this Board would in fact be happy if Providence Went into
Examinership. Believe such An outcome is not at all likely. Deals are being put together and suspension gives some space. It is true to say that Management has made mistakes, has Been frugal with the truth (at least to small shareholders) and has misled at times to our detriment. It is also true that a considerable amount of bad luck has been encountered in tándem with a price war started By the Saudis. But what is paramount Are the tremendo us Assets that Providence has and the Institutions are not going to let These escape. Jimmy and Company will be proved wrong I believe. Question is will they be happy or sad !!!