Providence Resources Share Discussion Threads

[divmad] 01/10/2019 13:43

That is the funniest newspaper article I have seen in a long time.

[nick rubens] 01/10/2019 13:42

Who bought the placing while company saying the chinese money was coming on the same day?

[1cagney] 01/10/2019 13:35

Pap, seriously dude, you need to be sedated.

[seangwhite] 01/10/2019 13:08

TOR is going down with the ship and will keep driving PVR forward until every last euro is spent- on his own expenses and salary of course!

[papillon] 01/10/2019 12:27

That first class LOONEY, Manyana, is peddling a new deluded fantasy on the lse PVR bb. It's hilarious!

"How is it that nobody has mentioned, other than me, the fact that in the same RNS as the abortive money from APEC that Providence mentions the abandonment by Total of the Diablo Ridge license."

"So why mention Total in the same RNS as APEC and to point out that they have dropped Diablo Ridge? Clearly Total is being lined up as the replacement for APEC and the sooner the better."

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Manyana is obviously BARMY!

[papillon] 01/10/2019 12:03

It was obvious months ago, ever since that 5th June RNS, that APEC's funders (if those funders ever existed!) weren't going to pay Exola the US$9m. Only the fantasists, like steelwatch and hermana, thought the money would arrive.

[srvsrv] 01/10/2019 11:51

rogerlin - spot on - and Pat buying shares too.
Will be exciting to see the fortcoming RNS' - who have bought the 10% shares.

[rogerlin] 01/10/2019 11:37

"conditional placing (the "Placing Offer") of 59,765,890 new ordinary shares (the "Placing Shares") to institutional and other investors (the "Placees") at a price of GBP0.051"

Surely these investors must have been given reason to believe that Barryroe can be produced.

[ohisay] 01/10/2019 10:32

Would Plunkett be interested in a RTO here for T5 ?.

[ken chung] 01/10/2019 10:16

A fine short.

[hoper2] 01/10/2019 10:15

Cash - They haven't got the money to start afresh. A large part of the raised money has already gone on fees, redundancy payments and the survey. If they get rid of TOR (which they should have done years ago) that's another $700,000 to pay up his contract. It's beyond repair now, they have wasted hundreds of millions of shareholders money to get nowhere. Even at this price shareholders should sell.

[cashandcard] 01/10/2019 10:01

This is entirely predictable, many said so months ago. Get the AGM and fundraiser out the way and then APEC carrot can be tossed into the long grass. The best way to generate short term value for shareholders is force the management team out and start afresh with monies just raised. Irish oil&gas is dead in the water, start afresh somewhere else. That would instantly turn a chapter and instill some hope of salvaging parts of this shipwreck.


Cash

[funtimejonny] 01/10/2019 09:46

According to one of the newspaper reports TOR stated that he had been in China to meet APEC last week. Did he elaborate at all on what was said and done during his visit there? If anybody who was at the EGM can throw any light on this it would be great. I am finding the whole business a bit confusing. Especially the fact that he still seems to think the money will arrive in due course ( apparantly).

[mick] 01/10/2019 09:44

Why would anybody be interested in PVR when they see the problem PVR had in getting Government consent to do a seabed survey. For political reasons, the Irish government are very unlikely to facilitate drilling let alone development of Barryroe.

[bones698] 01/10/2019 08:53

Lmao if you think they will find anyone else to farm in here your seriously deluded . This has been looking for a partner for nearly 50 years and everyone has walked away everytime . Hell even a Chinese Mickey mouse outfit has just walked off which tells you everything .

Pvr mkt cap 25m is ridiculous given its abject failure on every level . This will be 1p soon enough

[romeoandjuliet] 01/10/2019 08:50

So presumably someone has bought the shares issued?

[babbler] 01/10/2019 08:33

Announcement.

[babbler] 01/10/2019 08:32

Free to discuss with 3rd parties... Annicnenent soon...

[bones698] 01/10/2019 08:28

As predicted . Raised money before announcing the deal is off even though most of us knew it was over months ago .
The fact they raised money before doing so raises serious questions that those who have funded it should now raise as they have been ripped off

[r9505571] 01/10/2019 08:19

SHORT DOWN TO 1p looking like a prophecy now!

[hermana3] 01/10/2019 07:53

If he hasn't a rescuer in his pocket he must go.

[hermana3] 01/10/2019 07:51

Ray,Barryroe,Dunquin,Spanish Point and Avalon aint exactly a hill of beanz.....Plenty more than Lansdowne and some udders