Providence Resources Share Discussion Threads

[cephalosaurus] 21/7/2020 12:20

There is another (Empire Strikes back)

[hermana3] 21/7/2020 11:35

Yes it will be and that Octugenarian Prof Conroy is much smarter than O'Reilly and Barrett from Goodbodys so it could be 4th time lucky for a deal between Ireland and Asia....

[druidinvestor] 21/7/2020 11:22

You'd have thought that Goodbody's shareholders would have been scared off after the 1st deal fell through. It will be interesting to see how Conroy Gold get on with their potential new Asian partners as per their RNS today.

[hermana3] 21/7/2020 11:09

Druid, You only have to look at Goodbody's 2 recent aborted deals with Chinese outfits to understand that China is not exactly the first call for reliability. I wont even start on a rant about their Court System...................

[hoper2] 21/7/2020 11:03

Just for interest does anyone actually know any financial details or history about SpotOn?

[druidinvestor] 21/7/2020 10:43

The moment he staked his reputation on it the fat lady reached her highest note. In reality I suspect that JIC pulled the funding and walked away the moment the first site survey was challenged. Only took TOR a year to figure that out. Picked up a nice salary during that period though!

[hermana3] 21/7/2020 10:09

Druid, What cloud was the tanned one living on? Bet The Chinese were all rolling around the floor laughing their asses off when TOR's mid Atlantic twang was put on speakerphone......

[druidinvestor] 21/7/2020 10:02

I wonder is TOR still checking the bank account.

[druidinvestor] 21/7/2020 09:50

Agree Herm. I think that it will be a similar structure to the APEC deal with a more realistic work programme to get to early development.

[druidinvestor] 21/7/2020 09:29

Ceph, PVR have 80% (minus SLEs net profit interest) and LOGP 20%. I'd want something upfront as well as a free carry for giving up 75% of Barryroe.

[hermana3] 21/7/2020 09:12

The advantage of taking a low % would be to free up capital for M&A opportunities for Providence. The new team must know of many such opportunities.

[cephalosaurus] 21/7/2020 08:54

If PVR give up half of their holding, so too would LOGP. Similarly, if PVR only retain 20%, LOGP will only retain 5%. My view is that should it be that low, it will be a free carry and staged profit sharing.

[divmad] 21/7/2020 08:23

Why would logp give up 5% but over nothing?

[roadster750] 21/7/2020 08:22

Herm imo 40% of something is better than 80% of nothing.

[hermana3] 21/7/2020 08:18

Road,Put me down for 40%,5% LOGP,Spoton 55%

[roadster750] 21/7/2020 06:53

I assume from Alan Linns response that he was being asked by Anderson about the percentage PVR would retain and Percival from the ie has decided to go with Andersons worst case scenario, but as Alan stated nothing has yet been agreed.

[1cagney] 20/7/2020 23:52

Steel, what's your opinion on how this is going to work out?

[steelwatch] 20/7/2020 21:33

herm - seems our auld friends ADTI are caput, so that's one ruled out:

[aimbagger] 20/7/2020 20:47

Could be 40%, that's what the previous FO was based on. That would be incredible

[1cagney] 20/7/2020 20:39

Hopefully it's 40%+ in fairness.

[aimbagger] 20/7/2020 20:30

Where have you got 20% from? Percentage retained hasn't been confirmed yet. Could be 30-35%!

[hermana3] 20/7/2020 20:12

Thought so ,Road.. 10x is a rare thing in the markets these days so plenty to look forward to.....