Providence Resources Share Discussion Threads

[raisethestake1] 23/2/2021 22:09

The IIs are standing by Boldys zLOGP and PVR. This rollercoaster ride can make one dizzy sometimes.Way too much ups and downs.First sniff of double digits here again and I will find it hard not to head for the door for a while. We should have really been drilling this year, but that's lifestyle AIM companys for you😀

[amran01] 23/2/2021 21:59

The problem is how much control do Mr Linn and Mr Boldy have of the situation? I hope there is no freakin extension on the bonds. They have a EIA to do which takes a year.

[hermana3] 23/2/2021 21:51

Raise, In Dr.Boldy we trust!

[amran01] 23/2/2021 21:38

Always good analysis raise. Thanks for your input. Where's the rest gone? Swizz, Delboi Etc.. have they sold out?

[amran01] 23/2/2021 21:37

Apart from the Sunday papers, Alan said to Zak Mir on a podcast "very very early in the new year". Papers say by the end of Feb. Steve Boldy said by Q1 to me a week or so ago. Alan also said early in the new year I believe to proactive investors in a podcast in October / November last year I think.. Market doesn't like delays. The farm-out was super conditional and to the advantage of the consortium. I suspect if they don't have the money in place then poor Alan will extend the exclusivity. Shocking how it's nearly a year they have been negotiating and no one bothered getting the money together. What on earth were they negotiating? If bonds are by end of March, share price is going to drop below 5p for sure. Perhaps 4.5p

[hermana3] 23/2/2021 21:34

Finance first followed by positive spin thanks. Business before pleasure lol.

[raisethestake1] 23/2/2021 21:24

End of this month was stated in that SPB article.They have had a stream of news that came through since this SpotOn saga started.It is time to get to definite planning of the program.Having the consortium members and directors of SpotOn come forward with some positive spin wouldn't go astray either.

[hermana3] 23/2/2021 21:06

Mary, End of Q1 is the agreed target but never seen any formal mention of a deadline. Best to be cautious on any speculation from the unreliable papers with their usual self serving agendas.

[contrarymary] 23/2/2021 21:00

The Sunday Business Post article stated that "The bond has to be in place by the end of the month, and details of all financing arrangements are expected to be announced shortly." I wonder what this statement is based on and where it came from. Is there some time limit agreed that we are not privy to?

[hermana3] 23/2/2021 20:55

Ah so no progress with bond yet and resulting market action!!!

[raisethestake1] 23/2/2021 20:48

Lack of clear news is letting this slide.It is being brought down slowly by MMs. Unfortunately we have now got to the place where when we do get news we rise by a third and get back to 6.5p. We had momentum when we had our leaked merger news from the multiple sources but was denied not drowned in PR at the time. We have had alot of silence from the company since Christmas like it is a big secret. Maybe they are trying to keep things low key in case it turns in to the next Corrib and attracts the treehuggers. It seems to fall very easy for no reason due to delays. Look what happened with AEX when people got tired of waiting. A quick spike and now back to levels it was at pre Farmout at very low sentiment,and that is with a free carry there.The market doesn't like delay. The bond will probably be here by the end of this month. It will not survive staying propped up for another month without concrete news.GLA

[amran01] 23/2/2021 19:18

They need to deliver as promised. People are losing their patience and rightly so. Plus all that merger nonsense doesn't help. First they need to deliver the funding and move the project ahead. I have not been here nowhere as long as anyone else, but I can understand why people don't believe a word that comes out of the company. Alan does seem sincere and capable, but he needs to deliver the goods, otherwise it's just empty words

[stephenryan] 23/2/2021 18:11

I hope the Bond issue or lack of same wont be our Down Fall,let's hope Allan and co.dont disappoint.

[fatnacker] 23/2/2021 17:41

The market is giving these forced sellers a good kicking, and us in the process.

[tyler90] 23/2/2021 17:07

11-50 is not a lot in the great scheme of things

[steelwatch] 23/2/2021 16:55

billy - my knowledge of spread betting is practically zero, but maybe those ig clients will find another vehicle?

[sportbilly1976] 23/2/2021 16:12

steelwatch,

slight correction required there - they will require 100% margin come Friday at 3pm, but from March 29th they will no longer offer PVR via spreadbet.

only physical shares in isa/share dealing / sipp etc

so the 11-50 clients with positions still open will need to close them over the next 5 weeks

[steelwatch] 23/2/2021 15:07

All resolutions passed. No mention of AOB.

Also, thanks to Monet on the RBD thread, PVR is on the list requiring 100% margin:

[funtimejonny] 23/2/2021 10:40

A ha! Doesn't look like the proletariat are going to be attending...even remotely. Guess we'll have the usual RNS post meeting to say all resolutions have been passed. A snippet about the bond would be a consolation if it is positive and tangible. We live in hope.
.

[funtimejonny] 23/2/2021 09:58

Not me Mary. Assume its a zoom conference? Anybody know what time it is happening?

[contrarymary] 23/2/2021 09:45

Is anyone attending? I had assumed it was going to be broadcast online.

[funtimejonny] 23/2/2021 09:18

Hmm. Bound to be an AOB session surely? Chance to ask how the bond issue is going I would have thought?

[fatnacker] 23/2/2021 09:12

there wont be anything other than the resolution passed, unless there's something pre egm of course, not likely though.