Providence Resources Share Discussion Threads

[raisethestake1] 22/5/2018 13:17

12p paid at last. Let us hope it will keep the momentum.

[hermana3] 21/5/2018 20:49

Celtic Sea joy, farmouts at Dunquin and Newgrange. Are the Chinese accumulating below their price of acquiring loads of shares post Barryroe drills?

[rogerlin] 21/5/2018 19:47

"There might be a few other things which I won't be drawn on now but just keep watching this space".

[papillon] 21/5/2018 14:09

"One big push and we are back to last placing price. It will hit 12p today at 2.30PM."

LOL. Someone has dusted off their crystal ball! Unfortunately I haven't got a crystal ball so can't predict daily share price movements, but there was a GAP UP this morning which might need to be filled. Only an observation. Volume is also well down on that of Friday. We could have a short term pull back rather than a further rise, bwtfdik?

[raisethestake1] 21/5/2018 12:24

One big push and we are back to last placing price. It will hit 12p today at 2.30PM.I often promised myself I would run to the hills at 12p. Greed is setting in now. I would hate to miss out on serious uplift at this stage after all these years. I think I will derisk a little. It is the sensible thing to do. These lifestyle companies are bad for the ticker I'd say. We are in for a nice surprise hear just around the corner. It was written all over his face in that recent proactive video. Even Junior isn't that good an actor. That vindicated glow was a give away. Gla.
Looks like our ship may be coming in.

[hermana3] 20/5/2018 20:43

Pap,PVR and LOGP trading well of late. Big rises soon....

[papillon] 20/5/2018 13:39

Both LOGP & PVR charts are looking good, hermana. Both look poised for further rises; probably when the Barryroe farm out deal is closed. I can see the LOGP share price rising above 3p and the PVR share price breaking above 20p. Good news often causes AIM O&G's to overshoot on good news, so big rises above 3p & 20p respectively wouldn't surprise me. Only guessing of course because I haven't got a crystal ball (unfortunately). Glad I had a punt on both LOGP & PVR recently! FINGERS CROSSED!!

[papillon] 20/5/2018 13:28

That's why I said "when LOGP start to receive cash from that production", hermana. They will only receive cash from Barryroe production when LOGP's share of the drilling costs has been repaid to APEC from Barryroe production profits.

[hermana3] 18/5/2018 19:40

Pap, APEC will get repaid from cash flow from Barryroe.

[papillon] 18/5/2018 16:49

LOGP currently have a 20% stake in Barryroe, czar, but that will reduce to 10% after the farm out is confirmed. The upside? How long is a piece of string? The "upside" will no doubt depend on the results of the 3 appraisal wells, when production starts, when LOGP start to receive cash from that production, the PoO, etc, etc. You never know, LOGP could receive a takeover bid in the meantime.

I believe both LOGP & PVR are good gambles at their present prices. Both have merits, which is why I have recently bought both.

PS. LOGP did raise a small amount of cash in a recent placing, though they do also have a small amount of debt (owed to a major shareholder)

[czar] 18/5/2018 16:18

papillon actually LOGP have a bit of cash, enough to see them through to the farm-out. My broker reckons LOGP is a geared play on Barryroe and will be a big multi-bagger if the farm-out gets signed off. Do you know what their stake is and what the upside might be?

6 April 2018

Lansdowne Oil & Gas plc ("Lansdowne" or the "Company") (AIM: LOGP) is pleased to advise that it has placed 69,230,761 new ordinary shares ("Placing Shares") with new and existing investors (the "Placees") at a placing price of 1.3 pence per Placing Share (the "Placing Price"), to raise GBP900,000 before costs. Brandon Hill Capital acted as placing agent.

The proceeds of the Placing are to be used to:

-- meet the Company's share of Barryroe costs through to closing of the Farm-out in Q3 2018
-- fund the Company's on-going working capital requirements until mid-2019.

[papillon] 18/5/2018 15:53

Good rise today on high volume. Good sign.

You could be right, czar, though PVR have cash (whilst LOGP do not) and PVR have other irons in the fire apart from Barryroe (which LOGP do not). I've got small share stakes in both PVR & LOGP.

[tsmith2] 18/5/2018 15:40

15p first target prompt on chart.

[czar] 18/5/2018 15:36

Landsdowne LOGP look the best way to play the Barryroe.

[riley9] 18/5/2018 15:32

Someone's taken the brakes off...

[hoper2] 18/5/2018 13:38

The small rise might be due to the proactive investors interview. The CEO is hopeless at most parts of his job, but he's always talked a good case. I can't see much - if any - significant movement in the share price until he gets the Barryroe deal over the line. If there is any serious money to be made on PVR, my guess is to buy when there is confirmation of the deal and sell just before the drilling results are due.

[srvsrv] 18/5/2018 12:53

some activity today - rising volume the recent days

[1cagney] 18/5/2018 10:56

Nice chunk purchased on the ISEQ 850,000 @ 12.7c

[srvsrv] 18/5/2018 09:04

seems ok now - rising volume and share price

[tsmith2] 18/5/2018 09:01

Lumps being picked up. at some point will see a material rerate

[tmmalik] 18/5/2018 08:43

Momentum will start from next month Once it cross 13p

[hermana3] 17/5/2018 20:14

Perhaps APEC took some of them!

[srvsrv] 17/5/2018 10:26

yes - agree

[stockriser] 17/5/2018 10:22

Perhaps Goldman took some of them!

[srvsrv] 17/5/2018 10:10

have reduced from 4,98 to 3,98 and now to 2,98. Could just be a part of their strategy on how much to allocate e.g. region/sector wise - and not related specify to PVR.

could be the reason that the spare price hasn't gone up