Providence Resources Share Discussion Threads

[steelwatch] 15/9/2016 23:00

herm - climbed down orf de fence late afternoon, or further in the mire, whichever way the cookie crumbles.

[richie666] 15/9/2016 21:33

Talkman - you should read this -

Sets out the case pretty succinctly as to why we believe the stock price is going nowhere. The market does NOT trust TOR.

[cephalosaurus] 15/9/2016 21:29

To answer all of your soul searching questions, please see my earlier post above. PVR have not yet proved that they can generate revenue. They can gab their way to fundraising, but the market has tired of that.

[hermana3] 15/9/2016 20:34

Tees,You are not the only one sitting on de fence!

[tees maar khan] 15/9/2016 18:30

Talkman2, I am not convinced either. I guess this will have to remain on my watchlist for a little longer. I'm not parting with my money until I see some sort of change in sentiment.

TMK

[talkman2] 15/9/2016 18:10

It's strange that with every RNS PVR there is zero so response . I wonder why ?

The market treats PVR with total and emphatic scepticism . TR still full of hot air . He's brilliant at share placings at ever lower prices . What a guy and leader ! He embodies the idea of corporate leadership . Always aligns his interests with that of shareholders

[talkman2] 15/9/2016 18:06

It's strange that with every RNS PVR there is zero so response . I wonder why ?

The market treats PVR with total and emphatic scepticism . TR still full of hot air . He's brilliant at share placings at ever lower prices . What a guy and leader ! He embodies the idea of corporate leadership . Always aligns his interests with that of shareholders

[tees maar khan] 15/9/2016 17:32

I watched the interview that Malcom Graham Wood did with the CEO. It seems like an awfully long time that the market has been waiting for Barryroe to materialise.

Could someone tell me why an update like today's and previously reduction of drilling costs has not had any affect on the share price? I am finding it a bit difficult to understand what is holding the share price down despite the massive buying etc.

The suspension and court case make this a little tricky to understand. I would appreciate the comments from perhaps one of the longer term suffering PI's.

TMK

[hermana3] 15/9/2016 16:57

Nice wee 1m buy at 9.75p at the death! is Westie back in the market?

[funtimejonny] 15/9/2016 13:06

Massive vote of confidence coming through today based on share dealings.

[funtimejonny] 15/9/2016 11:50

Hopefully in our lifetime.

[cephalosaurus] 15/9/2016 11:38

Personally, i am ever the optimist and think it will come together.

[stockriser] 15/9/2016 11:23

Ceph - "but PVR still need to show they can unlock material value. They have not done so for years"

Totally agree Ceph, but the recent demise of the O&G Exp sector over the last couple of years has had a material affect of most AIM O&G Co's

[steelwatch] 15/9/2016 11:20

Ceph - a large discovery could also unlock material value à la Cove.

[cephalosaurus] 15/9/2016 10:29

It's all sounding good, but PVR still need to show they can unlock material value. They have not done so for years, relying on fundraising after fundraise. When Barryroe is sorted out, i.e. When they have a timetable leading to production, then I believe the share will get a re- rating and it will make a splendid recovery. Until then, the brokers will not be convinced.

[hermana3] 15/9/2016 09:21

Steel,The Majors now get a bite at 2 cherries! Bet the likes of Macquarie and Goldmans trying to find a counterparty for this one....

[steelwatch] 15/9/2016 08:13

herm - Dragons Den. We want a non-negotiable $15m in exchange for "x%"

[hermana3] 15/9/2016 08:09

Budget now up to $50m for drilling. Makes sense to tackle Drombeg but wont happen without a farmin partner. Bet they told placees of this plan as this may need additional finance for share of upcoming drills.

[stockriser] 15/9/2016 07:51

No mention of raising more money from a future placing!

"This deepening could occur should the Druid exploration well be drilled significantly within the current budget and/or if a third party farminee were to provide additional capital to the project."

[cephalosaurus] 14/9/2016 20:54

So, here's how it will pan out - Druid drilled mid 2017, a multi million barrel discovery. A bit of mulling for 4 years over how to put it into production. Irish sailing team sponsored by PVR 2020 and take a silver medal. First oil in 2022. Job done. Farm in of Barryroe and first oil 2023

[funtimejonny] 14/9/2016 20:16

Do you mean the deep freeze Herm?

[hermana3] 14/9/2016 20:12

Sure on the slow cooker it is!

[talkman2] 14/9/2016 17:22

The excitement of Tony delivering shareholder value is overwhelming .