Member Info for BillCn

If I had reserves I'd buy in tomorrow before rebound but will wait things out as my average is .28. Long-term this will be fine

Interesting average of 21.6. must have been buying all day of one order

Interesting observation - last week when price was >5 lots of noise here. Now when the so is rising _ nothing. Logic would suggest that the contributors of last week would be basking in self adoration.
Deafening silence suggests pump and dump ring on this site.

This is a medium term holding. Directors have a meaningful holding in company. Once div of 2p is restored next year from .14p earnings. Price should stabilise. As dept is rolled over and paid down div will be increased and so will match.

Thanks for reply. I would suggest that without detailed data today's rise seems pump and dump. Imo. Time will tell

Does anyone have any idea how to value this business without revenant data ?

Seems Simon bought 295k shares tonight. Should be a promising week ahead.

Think that you are on safe ground at .48 but maybe after summer until we get there. Longer term this is a winner. Imo.

With pre-results p/e was 3.34 so on current multiple s/p should in in the region of .46.
Seems stubborn today. Maybe it's market closing tonight for holiday !

Wrong share guys. Ignore my post

With pre-results p/e was 3.34 so on current multiple s/p should in in the region of .46.
Seems stubborn today. Maybe it's market closing tonight for holiday !

Yes. Steady move a head with confidence.

Thursday morning.
Might be early say 7am

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Share Price Information for Providence Res. (PVR)
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Share Price:
1.90
Bid:
1.70
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Change:
0.175 (10.14%)
Spread: 0.20 (11.76%)Open: 1.70High: 1.90Low: 1.75Yest. Close: 1.725
PVR Live PriceLast checked at 19:44:51

Miscellaneous
Mon, 6th Apr 2020 18:25

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED, AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE, OR FORM THE BASIS OF AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW OR EXISTING ORDINARY SHARES OF PROVIDENCE RESOURCES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL

Capitalised terms not otherwise defined in the text of this Announcement have the meanings given in the Company's announcement regarding the proposed Fundraising released earlier today.

Providence Resources P.l.c.

Result of Fundraising

Dublin and London – 6 April, 2020 – Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based energy company (“Providence” or the “Company”), announced earlier today details of a conditional fundraising to raise approximately US$3.0 million (before expenses) to be completed by way of an accelerated bookbuild process (the “Bookbuild”) which was managed by Cenkos, Davy and Mirabaud, the Company’s brokers (together the “Joint Bookrunners”).

The Company is pleased to confirm that the Bookbuild has been completed and the Company has, conditionally, raised gross proceeds of £2.7 million (equivalent to approximately US$3.3 million) through the issue of 157,973,004 Placing Securities and 20,000,000 Subscription Securities (each of which shall comprise one New Ordinary Share, one 3p Warrant and one 9p Warrant) at a price of 1.5p each (the “Issue Price”).

Accordingly, a total of 177,973,004 New Ordinary Shares will be issued pursuant to the Fundraising, representing approximately 21 per cent of the Company's issued Ordinary Shares following Admission together with an aggregate of 177,973,004 3p Warrants and 177,973,004 9p Warrants. The New Ordinary Shares will be issued

I don't think we will hear any ground breaking news either way until the political landscape clears on the 8th.

Does anyone have any info why Alan left Third Energy after only being appointed CEO in July last year.

I think it might have something to do with running out of cash. With 200k burn per month and as of last Sept with only 1.9m in bank - It won't be long before another round of fundraising

I think it might have something to do with running out of cash. With 200k burn per month and as of last Sept with only 1.9m in bank - It won't be long before another round of fundraising

Quite possibly

Reasonable size buys this morning in London