Providence Resources Share Discussion Threads

[zhockey] 26/9/2017 12:54

Maybe, I thought the bottom was 5p so who knows

[ianio5691] 26/9/2017 11:45

Going up.... Could end the day blue here.

Was this the bottom?

[hermana3] 26/9/2017 11:36

Pageant are the obvious one!

[the stinger] 26/9/2017 10:58

Maybe an approach soon... at these levels buy and hold even if the share price drops further... could spike at any moment on news... now priced at rock bottom. I think ii's will try sell on..

[dealy] 26/9/2017 10:33

In for 100k shares now. Got to be a takeover candidate surely

[offerman] 26/9/2017 10:31

Badger, I see where you're coming from with a company with no assets but PVR do have Barry roe. My only concern is it's taken years to get a farm out and that still hasn't happened. Whereas bigger companies were willing to stake millions and millions of pounds on a high risk drill recently. Now whether the oil is too heavy in BR and has put many parties off I just don't know? But even so there must be some value attributed to that 350 million barrel discovery which could be bigger than that as well.

[resourceful] 26/9/2017 10:07

the cash was at june 30th
much less now
possibly 2/3 p a share
if so thats where the share price is going

[ianio5691] 26/9/2017 09:55

better than the 1p you were suggesting earlier...

[riley9] 26/9/2017 09:53

ianio - not a deramp, not short, waiting to add more. cash per share 4.48p, current share price - 4.6p. not a lot of difference that, is it ?

[ccr1958] 26/9/2017 09:49

I am a buyer at LOGP too . GLA all.

[ccr1958] 26/9/2017 09:46

I have recently made back big losses at CERP and PXOG by bottom feeding ...not for faint hearted or Butterflies ..I intend to do same here .

[ianio5691] 26/9/2017 09:43

Oh, and just for clarity - I have added substantially at this price, and have a much better average...

Happy to hold and wait now.

[ianio5691] 26/9/2017 09:40

One things for certain when/if an offer is forthcoming - it will be out of the blue, and you are either in or you are are out.
But that has always been the binary nature of this.

[ccr1958] 26/9/2017 09:40

I will buy more when floor reached ....

[ianio5691] 26/9/2017 09:38

Can't see Goldmansucks going for that Richie. they were buy at 15p.
If it's an opening offer, lets hope that it will draw others into the fray with higher bids.

I'd be satisfied not 'happy' with anything north of 20p

[ccr1958] 26/9/2017 09:38

No mention of cash left e.g...why ?

[richie666] 26/9/2017 09:34

Ianio - the key to a buy out is Pageant's price average. Estimated to be north of 10p. That and the placing done at 12p. My guess is an offer would be at 13-15p.

[jimmymolly] 26/9/2017 09:34

Cash - abandonment liabilities = ?

[offerman] 26/9/2017 09:32

freelunch - 26 Sep 2017 - 09:02 - 53056 of 53062My thoughts too :-))T/o is the way to go as I mentioned a few times awhile ago. I would think they would be offered somewhere between 15 to 23pAnd that's if no hostile group comes along shafts the shareholders and then sells the assets on for a massive premium to themselves!!

[ianio5691] 26/9/2017 09:30

Riley9 nice deramp - put a short on have you? I suggest you click the financials tab above.... cash per share 4.48p

[riley9] 26/9/2017 09:25

Ianio - current share price doesn't cover cash in bank. 1p very possible.

[riley9] 26/9/2017 09:24

This will continue to sink due to the lack of positive news and the continued presence of tor. Lack of news is obvious cause and so response to today's rns shows how low this company is now considered. tor is held in contempt and viewed as an expensive liability, irrespective of his success in keeping the company afloat. City will want it's blood and then it's money and the leader's blood will be wanted first of all. No one is going to want to be seen associating with a man with his reputation, PVR are dead ducked while he stays.

[badger60] 26/9/2017 09:13

This is being punished mercilessly for non-performance, like all the other dog AIM oilers. I sold out of this, EOG, ROSE, EGD, SLE and GDL some time ago, and my losses are miniscule compared to where these are all trading today. IMO nearly all oilers are now just hype pump and dump trading vehicles.....until they go bust when the money runs out. GLA.