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I think the money will magically be released upon drill permission being granted.
That said, sold some to spread risk, quite a few ops out there now due to the crude supplies issue. Still a speculative buy.
Huge liquidity on the bid, appears a poor idea to offload. Some visibility re well permitting would be useful? Otherwise its a yippedy dip and a zing zang spillip.
I dont think the IIs would have put up the extra cash if they felt the money was not coming .... HSBC have already said that it's in their account waiting to be transferred ..so let's keep the faith ... imo
They find a partner (that actually has the money) to fund the drill. They have been trying for many years without any luck so don't hold your breathe.
Locations to drill are already known and mapped, submission now to drill - rig nomination is already complete.
What happens now that the survey is completed? Do they analyse the data and assess suitable locations for test drilling?
3-4p I reckon on funds landing, hopefully higher end.
Although if drill delayed until mid 2020 I see a fall back to 2p levels as is typical of AIM before a rise in months up to drill.
Don’t totally believe North Sea operators interest, a Boris style Bluff I feel to hopefully worry Apec
..............Been keeping an eye on this for a while. What's everyone's target for this on receipt of the funds? and how would you say this compares to PVR if good news lands?
Reckon by end of September, funds will appear
Great interview from Tony Jr.
"He also revealed that approaches have been received from North Sea players in the oil and gas exploration business.
Providence Resources has not engaged with them yet as it has an exclusivity arrangement with APEC, but the option is there if it wants to, he said. "
I also think APEC funds would get cleared through the international banking system before end of Sep. Either way current price is too cheap and excellent entry point for folks waiting on sidelines. IMO
This could rocket on receipt of APEC funds.
Someone I think posted this week from PVR general meeting, that APEC got receipt for payment already been made. It's the hold up at HSBC for passing on the funds to PVR...may be due to extra due diligence involved.
I think funds will arrive eventually...HSBC have hurt their reputation with this fiasco and cannot hold APEC payment forever. IMO.
PGee.. i think that was a UT trade ... which really does not reflect the last transaction before close of business....so they did finish up IMO
ManU, because someone sold 5000 shares at 1635 yesterday at 0.011p and collapsed the SP back down, I was curious too.
MU, limit orders were required to buy even 50K shares a little earlier.
' Not much STOCK left literally see this heading higher folks'
???????
I could just BUY STOCK, at 1st attempt ( 11:55am).
We ideally need a message board full of Facts, and NOT people possibly ramping, to double/treble bag.
I hope we ALL benefit, not just a minority, who then disappear with £100 profit.
On a more sensible side, can anyone provide a Logical response to
WHY did this share suddenly retreat back to it's opening day price YESTERDAY ?
Started at 0.0110p, ended at 0.0110p..........?????
GLA
Oh dear, the ramping crew on LSE and on twitter have turned up en mass
from 2.25p in my view.
Not much STOCK literally see this heading higher folks
However, Providence revealed in early June that it had not received the initial payment from Apec. A series of subsequent deadlines for receipt of the funds have been missed, with the latest running out on September 9th. The final deadline has been set as September 30th.
Asked whether the company has been messed around by Apec, Mr O’Reilly said: “I don’t think we have. Ask me that in two weeks.”
On the move.....