Providence Resources Share Discussion Threads

[hermana3] 27/10/2020 14:05

Billy, Nice wee Blue finish on cards.....

[sportbilly1976] 27/10/2020 14:04

7.8p UT in the pm auction.....

hopefully get a nice rise and close at the day's high from here

[funtimejonny] 27/10/2020 12:30

Just noticed a hefty old delayed buy just landed over at Lanners. The thick end of £50k! That's confidence...

[aimbagger] 27/10/2020 12:29

I think many will be surprised how well the share price reacts on news. I personally see 100%+ as a real possibility. Look at PANR for example, trying to find a FO partner and their Mcap is already £180M! We're currently sat at £65M and Barryroe is the largest undeveloped resource in Europe...

[funtimejonny] 27/10/2020 12:27

It would be a great boost indeed if Al can get this deal over the line within the agreed timescale. On tenterhooks meself.

[hermana3] 27/10/2020 12:18

Abu,Agree we wont see share price rocket but will shift it some. Al should not give them an extension as 6 month wait has been long enough...

[abudhabi123] 27/10/2020 12:12

Herm, even an RNS, will not shift the share price as we would all like and hope. There are some hidden hands keeping the share price down. SpotOn have exclusivity until the end of the week, unless AL gives them an extension.

[hermana3] 27/10/2020 12:08

Steel,Hope our Alan is not a wee bit keen on a Friday RNS as me innards are aching...

[steelwatch] 27/10/2020 12:03

3½ days to go on tenterhooks now...

[gooner1886] 27/10/2020 11:53

Fair enough lads, thanks

[hermana3] 27/10/2020 11:46

Gooner, Punters wont believe this deal until they see it an RNS. Previous management promised much and delivered nowt. Put it down to a legacy issue which creates an opportunistic Buy signal to some.

[aimbagger] 27/10/2020 11:46

Not a credible source. Once the company confirm details then the market will decide.

[gooner1886] 27/10/2020 11:42

Im invested here but im struggling to see why this hasnt gone nuts this week following the irish independant article. People are not piling in here as expected.Odd indeed

[hermana3] 27/10/2020 11:15

Volume beginning to arrive now. Punters don't want to miss on this one this week....

[aimbagger] 27/10/2020 11:08

That's what I'm hoping for herm, with a free carry as well... some still think we'll retain a much smaller percentage, I think once we get confirmation the market will then take note.

[cephalosaurus] 27/10/2020 11:07

Would like to see LOGP with more, but 10% is realistic, based upon what they were prepared to give away last time. However, this time it's likely to be 10% of a lot more upside that APEC would have had the wherewithal to deliver; a good deal less risk of a botch job and subsequent failure that was probably on the cards with APEC.

[hermana3] 27/10/2020 11:00

Yes not long now and Indo thinks Spoton gets 50% leaving PVR with 40% and LOGP with 10% perhaps....

[aimbagger] 27/10/2020 10:53

Ask looking light again, we could have a bit of a run today. News to land within 4 working days!

[hermana3] 27/10/2020 10:33

Doubt current management will be as patient with them henceforth. Potless outfit are not going to progress things anyday soon.

[funtimejonny] 27/10/2020 10:30

Speaking of Helvick and Dunmore...why the hell have PVR / LOGP not terminated the agreement with NUOG, who have delivered SFA for a number of years? The farmin agreement is well past its sell by date. Time to give them the elbow.

[hermana3] 27/10/2020 10:24

And the Carbon Capture project too. Plenty of upside for sure....

[cephalosaurus] 27/10/2020 10:21

It's worth at least 80p right now, and that doesn't account for Jurassic upside. They stopped drilling in the 70's due to overpressure. That's an exciting prospect.
Helvick and other marginal fields are not even factored in yet, and if you strip out Barryroe, their value alone arguably supports the current share price for LOGP and PVR.

[hermana3] 27/10/2020 10:02

Wouldnt sniff at a quid for sure. Gotta hit 50p first...

[riley9] 27/10/2020 10:00

You seem to have forgotten about the massive dilution courtesy of shares issued by previous management. A quid would be welcome, but extremely unlikely.