Providence Res. Share Price (PVR)

Perhaps they haven't announced a successor at same time to allow TOR the dignity of leaving quietly "by mutual agreement". Allow a period of time and then announce PP or another replacement.

The chairman would have met with major shareholders and at this stage it would be they alone who would decide if he stayed or went. They obviously had enough of him and who could blame them especially after APEC not coming through with payment as per contract.

If they are going to appoint someone, they have that lined up already. They can't afford to let the situation drift or struggle to find someone. It just allows the price to drift further.

If someone is lined up, what was to stop the company announcing his appointment at the same time as TOR's departure?
Posters on EOG have noted that both companies are now without CEOs and wonder whether it's beyond coincidence.
I still think the major holders have something to do with TOR's decision to leave.
He did say he staked his reputation on APEC's paying by the end of September, which implies that nothing is left of it.
I'm not sure why PB can't simply take over.
The big question is: what happened during TOR's talks with interested parties following his announcement that it was all over with APEC?
If they are really interested, why did he resign , and if they aren't, what would a new CEO be able to achieve?

I disagree. People usually walk away easier when they realise that they have left a mess and have no other option.

Now is the time for someone new to take over and move this on.

Was thinking the same lines about the way Tony is leaving,somthing coming down the line big time.Any views Anovas????