Providence Resources Share Discussion Threads

[billcn] 23/8/2019 10:20

Kommander moving around port Montrose. Possibly fueling up for PVR adventure

[greatfull dead] 23/8/2019 09:22

I am off out for the day soon. See you all next week...

ATB,
GD

[matt] 23/8/2019 08:53

Hermana I hope you're right. I wish they were clearer on who is funding the project. JIC not mentioned for a long time, a change of composition indicated during June and the RNSs since speaking of APEC's funders without naming them.

[ohisay] 23/8/2019 07:24

I love the smell of burning backstops in the morning..

[hermana3] 22/8/2019 22:16

Steel,Surely Nick Furlong can pony up a wee loan?

[steelwatch] 22/8/2019 21:33

herm - I'm thinking major holders tapped for a sub as a backstop to the backstop. One way or another Kommandor has to sail round the top after refueling and shore leave/crew change....

[hermana3] 22/8/2019 21:13

Matt, Funds will arrive but exactly when is the question. Could hear of its arrival early doors....

[matt] 22/8/2019 20:57

I'm concerned that if for lack of funds they need to defer the survey at the last moment the whole project get edged back to next year because of the consent terms.


"In granting such consent it is recommended that the Minister of State require it to be contingent on adherence to the following conditions:
3. All operations shall be conducted in compliance with the provisions of the Rules & Procedures for Manual Offshore Petroleum Exploration Operations (RPM) and shall be carried out between 1st August and 30th November 2019 or between 1st February and 30th November 2020."

Also how would that fit with any Barryroe licence dates or terms?

[steelwatch] 22/8/2019 19:55

herm - Let's see if tor still has some leverage there to float our wee boat off the rocks. Could come at a price of course, or has it already been paid???

[hermana3] 22/8/2019 19:49

Steel,They are seriously underwater too!!!

[steelwatch] 22/8/2019 19:32

Gog - you including these guys?

M&G Investment Management Limited 14.67%
Pageant Holdings Limited 14.02%
Goldman Sachs Group, Inc. 9.88%
Merseyside Pension Fund 7.20%
Kite Lake Capital Management (UK) LLP 5.05%
Marlborough Fund Managers Ltd 4.86%
BlackRock Inc. 3.51%

[goggin] 22/8/2019 18:55

It's only 40m plus nowPrev. Close7.96Market Cap.44.53MShares In Issue597.66MNever made a penny, all blue smoke, nice money if you can get it, how mug punters get screwed :-)

[goggin] 22/8/2019 18:52

O'Reilly's Providence package worth €500,000 in 2010Tue, May 31, 2011, 01:00Providence Resources chief executive Tony O'Reilly received a remuneration package worth €500,000 in 2010, down from €539,000 in the previous year.What's he on now and what is he doing for 'the money.'A market cap in excess of 50m? Work that one out!

[steelwatch] 22/8/2019 18:37

At a guess, around 72 hours?

[abudhabi123] 22/8/2019 17:11

Steel, how long will it take to reach Cork?

[matt] 22/8/2019 16:55

I wish they were being more open about who the funders are if it changed as suggested in June. I wish the APEC website provided more answers than questions.

Nice to see the vessel.

[jam2day] 22/8/2019 16:48

Most of todays sells were after release of dry Iola well notice/

[steelwatch] 22/8/2019 16:42

Matt - had that thought in mind following share price action today too!

[steelwatch] 22/8/2019 16:36

Unfortunately, she didn't come close enough for a good shot, so this is the best I can do. Currently berthing on the far bank eastern end of quayside.

[matt] 22/8/2019 16:20

You can just about hear the crew shouting something ...






















... sounds like, "Show me the MONEY!"

[steelwatch] 22/8/2019 16:16

Just passing the lighthouse now. Should get a good view in the next few minutes:

[abudhabi123] 22/8/2019 16:11

Thanks steel.

[steelwatch] 22/8/2019 15:59

abu - pilot boat just on way to meet.

[abudhabi123] 22/8/2019 15:38

fiachra...you should make an appointment with a shrink...you are certainly not normal!!!!
What prompted your last post????

[cashandcard] 22/8/2019 15:24

paps


Its so obvious whats going to happen. The money should have come a long time ago. Management will string this out until the AGM is done (they get their resolutions and salaries guaranteed for another year) then pull the plug on the deal.

Its sad, because shareholders have been strung along for a year in hope of a deal, when it looks rather like they've been strung along for another agm to pass then the shtf.

Cash