Providence Resources Share Discussion Threads

[hermana3] 17/8/2017 21:24

Yes we all wearing out the prayermat once more!

[harrissen] 17/8/2017 20:56

papillon,

Insider trading is happening every day of the week but it is extremely difficult to bring to court as the lack of prosecutions prove.

Who said Furlong was 'insider' trading anyway?
The fact that he bought back before the Drombeg result would indicate to me that he believes it may not be a duster - he is taking the 5/1 gamble same as the rest of us who are still holding.

[hermana3] 17/8/2017 19:37

Pap,Furlong did exactly as you said. Like the rest of us he knows diddlysquat about how Drombeg is faring.

[papillon] 17/8/2017 18:24

Furlong wouldn't have bought more PVR shares "5 days after Druid failed" if he had inside knowledge that Dromberg will be successful. That would be illegal insider trading! Did he not just buy back shares that he had previously sold pre the Druid result at a much higher price? Perhaps someone will post whether that is correct, or incorrect?

[hermana3] 17/8/2017 17:10

NG, The lad who started and never stopped TALKing of that boring subject got culled...

[ngms27] 17/8/2017 17:03

I've booked my first class ticket for tomorrow to see the Evian Gusher.Apparently this is subject to cancellation as there is a 20% chance of oil on the track.

[hermana3] 17/8/2017 16:55

NG,Wont happen this time around! Early next week....

[ngms27] 17/8/2017 16:39

All aboard de Friday special?

[harrissen] 17/8/2017 16:34

Furlong INCREASED his holding five days AFTER Druid failed!

[harrissen] 17/8/2017 16:31

papillon
17 Aug '17 - 15:06 - 51038 of 51045 0 1

I don't believe anyone is shorting PVR, hermana. It's just too dangerous; you could end up losing your shirt in just one day, even though the odds are still against a succesful outcome.

PS I suppose it's possible that someone in the "know" could short it if they knew the result to be a duster; similarly if they knew the well was successful they could go long.
......................



No significant shorting by institutions here.
Perhaps the odd PI may have a spread bet but you can bet your bus fare home Furlong would be short if it was a duster. Instead he is a recent buyer which speaks volumes imo.

[cephalosaurus] 17/8/2017 15:59

If drombeg is a failure, barryroe remains a key asset, and that will salvage PVR, along with its other licences.

This is why it is kind of a win win. I sold out because with Druid it was a 2-1 bet, not 50/50. This is currently black or red, but the house does not take all.

I started to think i missed out yesterday, but felt that the market makers were probably overloaded with 8 p stock, and they too cannot afford to be holding so much stock, for a 50/50 bet. They would lose heavily.

I hope drombeg comes in, even if i miss out, because it is also good for the prospects for Barryroe and further developments there.

I see opportunity either way, and would rather jump in here after the outcome is known, because there will still be money to be made.

Institutions holding on is a key thing imo.

[zhockey] 17/8/2017 15:42

If Drombeg is a failure, with confidence in BR wavering then it's possible PVR will be valued at below their cash.

[papillon] 17/8/2017 15:41

Looking at PVR chart I'm going to stick my neck out, go on a limb, etc, etc. After the Dromberg well result RNS I'm going for an share price anywhere between 5p - 25p. LOL. How's that for a precision prediction? LOL

I reckon it's 4 to 1 ON the well is a duster, so I think 5p is more likely than 25p! bwtfdik? Very little is the answer! LOL.

[1cagney] 17/8/2017 15:40

Well ZH, unfortunately it seems like we could all do with a bit of luck at this stage. All is not lost .... yet

[zhockey] 17/8/2017 15:37

I take it back :)

[1cagney] 17/8/2017 15:25

ZH, and you recently referred to ME as pessimistic ??

[rayrac] 17/8/2017 15:23

Like many of my shares, Ukog, angs, cpx, eog, trx and of course, pvr, just waiting for THE rns!

[papillon] 17/8/2017 15:06

I don't believe anyone is shorting PVR, hermana. It's just too dangerous; you could end up losing your shirt in just one day, even though the odds are still against a succesful outcome.

PS I suppose it's possible that someone in the "know" could short it if they knew the result to be a duster; similarly if they knew the well was successful they could go long.

[zhockey] 17/8/2017 14:51

My guess would be yes, 3-4p?

[cgod] 17/8/2017 14:14

Do we have a Friday morning bad news on its way again?