Providence Resources Share Discussion Threads

[steelwatch] 03/10/2019 19:28

No doubt Moneybags putting the boot in as per.

[papillon] 03/10/2019 11:34

Perhaps he was the unknown funder? He could definitely afford a paltry US$9m. LOL. LOL.

[raisethestake1] 03/10/2019 07:36

Has anyone heard on the grapevine if this money is still in transit to us or was it a figment of our waste of space tanned leaders imagination.I know there is only 3 left on the board so it will be a tight ship,but there are other avenues of information such as LOGP and Pageant and the like.We obviously are being kept in the dark once more.

[hermana3] 02/10/2019 19:52

Good to hear Marginal fields holding being sold to RMRI ltd as NUOG has done nothing since buying its stake. Cant be any worse.

[gunsofmarscapone] 02/10/2019 11:34

Surely the story is all about gas now? To be an independent producer of sufficient liquids during transition would also be a worthy goal: billions of €€€; in tax revenue all cross invested in environmental and green energy prospects.

Is there any doubt that multi billion bbl potential reserves in the Atlantic are very unlikely to be extracted? Barryroe ought to be sufficient, along with potential gas discoveries adjacent to Corrib. Ramhead as an outside chance?

Encouraging news re Infrastrata also, added a few of those this morning.

[feelbo2] 02/10/2019 10:58

To keep PVR on point, objective and focused a CEO with a strong performance record should serve no more than 5-6yrs. Tor way by his sell by date with a poor performance record in toll.Apec deal further demonstrated shortfalls in leadership, judgement and acumen.Challenge now for PVR with Company and Board downsized is the lack of technical hands on knowledge and credibility to get Barryroe or partner over the line. As concerning the lack of transparency ,challenge and scrutiny relating to Tors no shame footsie 350 Salary and recent €3.5m placing.Look foward to Tors next move.

[greyingsurfer] 02/10/2019 08:42

Why's he still in post ? Should have gone with yesterdays runs.Well, he didn't say he'd stake his job on the cash coming, just his reputation - and since he's already lost that it's business as usual for him.

[rogerlin] 02/10/2019 08:34

Changes at NUOG too, selling their interest in the marginal field developments which still I think include Helvick?

[riley9] 02/10/2019 08:33

Why's he still in post ? Should have gone with yesterdays runs.

[jam2day] 02/10/2019 07:53

Drowning man syndrome!!

[hermana3] 02/10/2019 07:31

Was Tone envisaging printing shares for purchase of non Irish assets? No hint of what assets were being looked at.

[ken chung] 02/10/2019 01:15

Thanks for the drop.Lemmings and mushrooms only.

[hermana3] 01/10/2019 23:23

Another piece falls off table at Diablo. Tone blaming investors for stopping him buying non Irish assets. Where will all this end?

[goggin] 01/10/2019 21:42

Prev. Close4.73Market Cap.23.91MShares In Issue597.66MMarket cap still away too high for Blue smoke, need to / 10 away more realistic and 0.004p, may never get that low but how do you value 'jam tomorrow'

[hermana3] 01/10/2019 20:32

Wee Tom had not his finest hour at Petroceltic but he may blame our old pal fatso! Likeable guy with loads of experience. Wonder if Tone learnt anything last week globetrotting at our expense?

[steelwatch] 01/10/2019 19:45

rog - hope they pick up a share in T5 development with Noisy! Good to see wee Tom back in the saddle too.

[rogerlin] 01/10/2019 18:42

These people seem to have some money.

[stockriser] 01/10/2019 18:16

Well I got back in here over the last week guys (or should I say had a top-up, as I already had a few). Have a gut (good) feeling that the next RNS will be positive. I mean, come on, the toss of the coin can only go the wrong way so many times without getting it right, surely!!!

[surfer2] 01/10/2019 16:53

I have a 3 year old pack of well consolidated rich tea biscuits to donate Pro Bono to the AGM if needed.

[sludgesurfer] 01/10/2019 14:39

So he "stakes his reputation [on the cash arriving]" yet remains one of only a few people continuing to suckle on the shareholders teat after announcing the money hasn't arrived and the partners rights have been revoked? Even by his own low standards, this is a dazzling display of ineptitude and lack of governance.

[nick rubens] 01/10/2019 14:28

Divmad Yes it's funny because I don't own the stock (though nearly bought in on the Chinese Money debacle), though I have my fair share of AIM garbage making my experience of stock market investing more like a legal scam IMO.

[bones698] 01/10/2019 13:57

Hoper totally agree anyone with any sense will get out now even at a big loss and gamble it elsewhere as this and logp are all but dead in the water .
As you say most of the money they just raised has gone already and logp have 30k left which means they have to raise money within the month which will be highly dillutive .

Their reputation in tatters and complete failure at every turn .

TOR is now a laughing stock for everyone to see but he will milk it as long as he can before the end comes. Best way to do that is make loads redundant so what buts left he can mop up with his bloated salary for a few years