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Department needs a good kick up the arse
A simple update on how spot on funding deal is progressing wouldnt go a miss as the Lack of any update to give some assurance to shareholders a bloody disgrace.
I now believe with no news on refinance due for a while and trading volumes decreasing ahead of summer trading Lull we could easily see sp back at high 30s-40p Range also a possible correction with s&p etc will drag tlw and other stocks lower
Longterm will come good though
and i have Never Shorted Any Stock.
"The lion's share of Barryroe is liquid fuels, of which we currently import 100%."
And Ryan along with his dilusional green ff-fg mates will continue to import required energy needs instead of turning to barryroe and utilizing its potentail for Irelands energy needs, you only have to takeca look at board na mona who wil stop producing peat based energy products only to be replaced by the very same peat product now imported.from germany the hypocracy shown by All Main stream Irish politics is Staggering.
Flomboy Cheers.
Extract from sunday business post.
Eamon Ryan, the Minister for the Environment, has ruled out the building of any new gas pipelines in the forthcoming Climate Action Plan.
Ryan’s decision is a blow to the state-owned operator of the gas network, which has ambitions to expand the reach of the network from 700,000 household customers to one million.
Ryan wants zero-emission heat pumps, powered by electricity, to be the main way of heating homes in future.
So much for gas plan to fuel Irelands energy needs Ryan would rather use electricity from euro connector from france.to meet Irelands energy needs than oil or gas from Barryroe.
All that supposed energy and the company still cant seem to put barryroe funding Deal together.
I agree Ireland will need oil & gas for atleast another 20-30 years in transition period to re newable energy however the problem is the cross party Green agenda appeasing Irish politicians who will delay and drag their heels with signoff for any offshore oil and gas exploration projests they simply doint care where the required oil & gas comes from as long as not from offshore Ireland
Ii know this and are weighing up the expected sign off delays at different development stages asuming oil and gas are actualy confirmed at barryroe at comercial quantites.
Lack of possitive update on how spot on deal progressing from alan or PR department says it all
Market begining to price in a no deal which would spell the end of providence resorces.
Longwait If you bother to scroll back a few threads you will see a reference made by the shen refering to interest of share capital which Could be a reference to various ways of a company aquring funds one of such could be a Rights issue which i believe will be the case for pvr.
Longwait Are you a primary school teacher by any chance?
The shen mentioned capital raise in a previous post
Rightly or wrongly i believed the shen was refering to another possible dillutive rights issue for Long suffering PVR Shareholders.
James I do hope you are not soley invested in pvr as your posts suggest you posibly could be as you have a very high chance of major dillution with this share so the old saying keeping your eggs in the same basket not a great idea.
I believe the Shen could very well be correct in the idea that Alan asks shareholders to partake in another dillutive rights issue with the proceeds used for further expensis and kicking the barryroe development can down the road as the Bronze previously had a habbit of doing.
ii look to be bailing already
If no deal announced by end of april sp will drop back to previous lows if Deal announced perhaps a wee bounce back to 7-8p Range, Its a pure gamble at moment however odds stacked against a deal and another extension which would be the final straw to break the camels back.
Sp currently - 12% Looks like a leeky ship to me
Neg News about lack of funding and another Extension looks a given now.