Member Info for LONGWAIT

... of its own?

The deal keeps the company going. It means not only that it has the prospect of eventually earning money from production of Barryroe, but that it has the chance to explore it further. It also means that Newgrange and Avalon are still prospects. Has anyone estimated how long the company's remaining cash will keep TOR in the lifestyle to which he has become accustomed? Presumably for long enough until the company starts to earn revenue of its win?

Still wading through today's posts. As I guessed, PVR retain 40 percent. Could this deal have an effect on prospects for exploring Newgrange or Avalon?

I don't think trading tells you a anything about the likelihood of a deal being done.

Isn't it usually 'before Xmas'?

What I would like to know is whether TOR expects investors to wait through April, May, June and July to find out whether and when anything is going to happen with Barryroe.

What I would like to know is whether TOR expects investors to wait through April, May, June and July to find out whether and when anything is going to happen with Barryroe.

I don't see any good signs. A good sign would be if they announced a deal. Until then, the share price seems to be making its way back to previous lows. If the deal falls through and it is too late to drill this year, that will be a double whammy.

Your point about the previous big rise in the share price was part of my point, garyn. The shorters are especially interested in such situations, presumably because it is easy to shake out people ho are sitting on big profits.

The share price is acting the way any AIM share price acts when there is the slightest problem with the company and shorters scent blood.

Yes. I think you are right. Most people have given up because this company is all about jam tomorrow.

When you say 'fully fund,' Ranger, do you mean take Barryroe to the production stage? The thing about PVR's proposed go-it-alone Barryroe drill that has always worried me is that the idea seems to be to attract a farminee. What if it doesn't?

When you say 'fully find Ranger, do you mean take Barryroe to the production stage? The thing about PVR's proposed go-it-alone Barryroe drill that has always worried me is that the idea seems to be to attract a farminee. What if it doesn't?

Yes, Ranger. I wrote about my own fear of a new capital raise in my post of 18:22 yesterday. In reply to KPeezy, the title of my post related precisely to the fact that this was a might-have-been five years ago, and the kind of outcome we can only dream of now.

https://www.independent.ie/business/irish/giant-petronas-eyes-a-600m-bid-for-providence-resources-29090499.html

Are you sure about that? I quote from a recent post on the discussion page on iii.co.uk: 'If passed in its current form, the new legislation could curtail exploration and development by current licence-holders as well as bar future licences.'

Maybe even if a deal is announced, the share price may not rise much because of the proposed legislation. Maybe it will stop any action at Avalon and Newgrange too. If so, we may as well all pack up.

The market seems to think a deal will never be done. What's worse, the longer the negotiations continue, the greater the doubt about PVR being able to drill Barryroe without a farm-out this year. Presumably, the outlines of a deal were there on 28 December. What can possibly be holding it up? Shareholders have been waiting long enough. If the deal on offer is not considered good enough by TOR, why did he make announcement on 28 December? If PVR do have to drill Barryroe and Newgrange alone, how long will it be before they have to raise money again?

We don't know whether this rise is on the back of inside trading or just pump and dump.

Thank you for the compliment, Backinblak, but I think I chose my screen name around the time I made my mad decision to buy into the PVR fantasy in 2014. I got out with heavy losses and then got back in last year, but am still not back in the black...