Providence Resources Share Discussion Threads

[1cagney] 26/9/2018 21:57

FTJ a pragmatic approach is for the FTSE. This is and been high risk. If high reward isn't a possibility peeps are in the wrong place

[funtimejonny] 26/9/2018 19:41

A pragmatic approach.a bird in the hand is worth 2 in the bush!

[raisethestake1] 26/9/2018 17:55

I let off half my stake in 2 lots today at over 15p a share. The other half will go @ 18p.i think I will achieve this. Advise everybody to make a plan and stick to it. Always monetise. It's real money when you have it converted to cash. I finally made a few pound off this dog but boy have I suffered and been fed porkies. I will now trade this share it time since I know it so well. Just have to shake off that dawn emotional attachment to it. Gla what ever your strategy is. Could pass 45p next year. We should probably be at about 35p now but things move slow round here. Will buy in @ 12p again or around that
Who knows it's a corrupt old game.

[greatfull dead] 26/9/2018 15:45

Herm,

You prediction on the share price reaching 15p has materialised.

ATB,
GD

[njl53] 26/9/2018 15:25

Interesting to see that Total has had a good discovery in the Shetland area.

[billynotsilly] 26/9/2018 15:02

A lot of action today!

[abudhabi123] 26/9/2018 04:49

Providence Resources eyes up multi-billion barrel exploration targets

[phoebusav] 26/9/2018 00:22

I completely agree that PVR has other irons in the fire and a decent cash balance, that's why I have a holding here. However, this was the case BEFORE the RNS and it was already priced in. That's why the PVR market cap was more than 3.55 times the LOGP market cap prior to the RNS, infact it was 7 times higher. LOGP's market cap pre RNS was £9.2M, which by and large was for just their 10% stake in Barryoe. All else being equal the read across for PVR's 35.5% net stake was therefore £32.7M of their £64.5M pre RNS market cap. This means their other licences and stronger cash position were already being valued at around £32M. The only news since then is related to Barryroe alone and so should roughly benefit PVR and LOGP pro-rata on a net interest basis. Added value of £24.8M for PVR is equivalent to added value of £7M for LOGP. Note this is different from saying that LOGP and PVR's market caps should be in a ratio of their net interest in Barryroe, which would ignore PVR's other assets, and be incorrect. Give it a few weeks and things should look very different for LOGP too. Hang in there Pap. ;)

[1cagney] 25/9/2018 23:00

Pap, if the next few weeks or months make you some cash, cash out and head for the hills.

[papillon] 25/9/2018 22:36

I'm an OAP, phoebusav. Who knows how long I've got before I kick the bucket? :-). Young un's can afford to be patient; old un's, like me, unfortunately, just haven't got the time left to be too patient! :-)

PS. PVR have other exciting irons in the fire apart from Barryroe news on which might soon be forthcoming.. LOGP have very little else apart from Barryroe so I don't think you can divide PVR's recent increase in Mkt Cap since Thursday by 4 and say that should, in theory, equate to the Mkt Cap increase in LOGP since Thursday's RNS.

I can't predict share prices in the short term, or long term. In fact I'm not really interested in the long term, only the short term! What will happen to the PVR & LOGP sp's tomorrow and by the end of the week I have no idea. Just hoping for the best. Fingers crossed!

[bump3r] 25/9/2018 21:51

4 verticals and a horizontal fully funded...On a proven field I'm surprised the Irish government don't take a stake.If in Africa government would be all over this.

[abudhabi123] 25/9/2018 21:17

https://www.youtube.com/watch?v=J7gI0YLhESY

[phoebusav] 25/9/2018 18:51

Pap, you just need a bit more patience. PVR is going great guns having added £24.8M market cap since the Barryroe RNS. On a pro-rata working interest basis net of SLE royalty this equates to a £7M increase for LOGP or 1.06p per share taking it to 2.46p, 50% above the current share price LOGP is still consolidating after its big spike, but will move soon enough.

[mick] 25/9/2018 17:17

Thanks 1cagney. I was confused between 24 Sept and 24 Oct.

[1cagney] 25/9/2018 17:06

TOR was on Proactive investor. Conference is on 24th October

[mick] 25/9/2018 17:02

Did PVR present an an investor conference yesterday? Might have contributed to todays rise?

[1cagney] 25/9/2018 16:53

You might be way too late at that stage justingirish

[justingirish] 25/9/2018 16:44

2k invested. At 0.12. Thinking of going all in when they start drilling next summer. What would be your take on it gentlemen/ladys? :-)

[bloomberg2] 25/9/2018 16:14

https://youtu.be/YnJbA0xz5GM

[srvsrv] 25/9/2018 15:53

20 p before weekend??

[greatfull dead] 25/9/2018 15:25

Paps,

I am well pleased for you. Me still on the fence.

ATB,
GD

[offerman] 25/9/2018 15:06

Well it's nice to see a profit pap on my small recent purchase at 11.94 Been such a long time to actually say that Obviously I am a stackload down on all my investments in PVR ever just nice to see a profit on my recent small purchase The psychological blue colour lol

[papillon] 25/9/2018 15:00

Well I hedged my bet by buying both LOGP & PVR. With the benefit of hindsight I should have placed all my money on PVR! Hindsight is a wonderful thing! :-). Showing a decent profit on my sub 11p PVR bet, but only a very tiny profit on my circa 1.40p LOGP bet. Such is life! Grin & bear it!

[thetoonarmy2] 25/9/2018 14:32

FTJ. I am hoping directors do not buy any shares as that would mean the closed period is over.
I am hearing we have another bit of news to come hopefully its an RNs on some other JV/Farmout quite soon can see this at 20p by next week without any other news but if we get some, Whoosh!