Providence Resources

plasmin · 24-12-2013 9:42am #1

Any view on Providence resources? Share prices have dropped significantly lately. Is it good thing to invest in this company? Cheers

Comordha · 24-12-2013 11:39am

There is another thread already. Call a broker if you want someone to tell you whether to invest or not, or even better go off and do some research yourself. There is obviously a reason for the share price dropping so much and in this instance I think it is that the management team have a poor track record. If investing were as easy as investing in every share where a price drops off a cliff we could all be a Gordon Gekko.

venividi · 24-12-2013 2:31pm

cais wrote: »

Any view on Providence resources? Share prices have dropped significantly lately. Is it good thing to invest in this company? Cheers

Check out iii pvr discussion forum. Confidence is waning on barryroe farm out. Hasn't done well for me. More of a gamble than investment. Lots of upside and lots of downside. Personally won't be buying any more

Captainsatnav · 10-03-2018 3:26pm

Nice little wiggle there last week. Read online forums that seem to think/know there'll be announcements in next few days

ballyharpat · 10-03-2018 6:04pm

Providence is definitely not something that should be allowed in an investment market-Its not an investment, it's a total gamble. So liitle capital that a pump and dump is more likely than an upside for any reason to do with the well being of the company/stock.
any news that i Have ever seen has been released by directors/shareholders.

greenfield21 · 28-03-2018 7:31am

Nice update this morning. Bought some at 9p, hopefully double up.

Cute Hoor · 28-03-2018 8:59am

greenfield21 wrote: »

Nice update this morning. Bought some at 9p, hopefully double up.

Well done, you are up 25%, SELL quickly

Captainsatnav · 28-03-2018 10:47am

Cute Hoor wrote: »

Well done, you are up 25%, SELL quickly

Degiro been stuck on 0.00% change for the last 10 days or so - not showing anything on my portfolio after the announcement...

ballyharpat · 28-03-2018 11:20am

Cute Hoor wrote: »

Well done, you are up 25%, SELL quickly

Up 20% after being up 50% at open, all it takes is 10k to make a massive impact on share price.
A weeks wages would be enough to raise that stock 10% - classic pump and dump stock.- imo. :-D

Cute Hoor · 28-03-2018 11:42am

ballyharpat wrote: »

Up 20% after being up 50% at open, all it takes is 10k to make a massive impact on share price.
A weeks wages would be enough to raise that stock 10% - classic pump and dump stock.- imo. :-D

Would be interesting to see who the seller(s) was/were this morning at 13p and when they bought.

littlevillage · 28-03-2018 1:20pm

Providence is an absolute hoot to invest in. You can make 15-20% in a couple of days if you get lucky ....and likewise lose it.

Its an absolute gamble, even though they have valuable exploration licenses, the company Mgmt are proven to be reckless and the future price for oil is unclear too, so pick your numbers, get in and get out, I wouldn't be buying for the 'long haul' though.

ballyharpat · 28-03-2018 2:32pm

littlevillage wrote: »

Providence is an absolute hoot to invest in. You can make 15-20% in a couple of days if you get lucky ....and likewise lose it.

Its an absolute gamble, even though they have valuable exploration licenses, the company Mgmt are proven to be reckless and the future price for oil is unclear too, so pick your numbers, get in and get out, I wouldn't be buying for the 'long haul' though.

Even if the price of oil was skyrocketing, this stock would not follow suit, the company owns nothing of value.

neris · 28-03-2018 6:54pm

They have some Chinese crowd in drilling one off their fields of cork and the Chinese are providing the equipment

Captainsatnav · 29-03-2018 11:06am

Captainsatnav wrote: »

Degiro been stuck on 0.00% change for the last 10 days or so - not showing anything on my portfolio after the announcement...

Now it's shot up - DeGiro has a 24hr delay on it it seems.

Captainsatnav · 05-04-2018 5:14pm

http://www.proactiveinvestors.co.uk/companies/news/194261/providence-resources-set-for-value-catalysts-asbarryroe-breakthrough-has-fired-starting-pistol-on-a-busy-period-194261.html

Further, less costly and hence less risky drills ahead off West Coast. Analysts in UK putting target of 33p on its London listed shares - currently about 12 cent in Dublin.

Cute Hoor · 05-04-2018 5:26pm

Captainsatnav wrote: »

Analysts in UK putting target of 33p on its London listed shares - currently about 12 cent in Dublin.

Would this be the newly appointed analyst who has a 33p target on Providence
http://www.providenceresources.com/sites/default/files/APPOINTMENT OF MIRABAUD AS JOINT BROKER.pdf

Captainsatnav · 05-04-2018 5:34pm

?? Link clearly says it's the same.

Cute Hoor · 05-04-2018 5:36pm

Captainsatnav wrote: »

?? Link clearly says it's the same.

I would prefer to see a recommendation from a broker with no skin in the game.

greenfield21 · 08-04-2018 9:52pm

Looks like tony is back from China with a spring in his step. Two articles in the sindo, drilling in 2019 at barryroe and also interest in newgrange. Ramping it up hopefully.

Captainsatnav · 09-04-2018 11:39am

greenfield21 wrote: »

Looks like tony is back from China with a spring in his step. Two articles in the sindo, drilling in 2019 at barryroe and also interest in newgrange. Ramping it up hopefully.

I just threw another €200 at them ta f*ck

ballyharpat · 09-04-2018 9:34pm

Captainsatnav wrote: »

I just threw another €200 at them ta f*ck

I hope I don't sound condescending, but what kind of an investment is e200? and to put it into something with the history of providence, where Tony is the only one to ever say anything about the company-good or bad.

Captainsatnav · 09-04-2018 9:56pm

ballyharpat wrote: »

I hope I don't sound condescending, but what kind of an investment is e200? and to put it into something with the history of providence, where Tony is the only one to ever say anything about the company-good or bad.

You do sound condescending but then again that's the 5th or so negative post you've made about PR on this thread. And to answer your question €200 was 1500 shares that I think might double or better by this time next year if newgrange and barryroe work out which is nigh on infinity better than returns in a bank.

ballyharpat · 09-04-2018 10:14pm

Captainsatnav wrote: »

You do sound condescending but then again that's the 5th or so negative post you've made about PR on this thread. And to answer your question €200 was 1500 shares that I think might double or better by this time next year if newgrange and barryroe work out which is nigh on infinity better than returns in a bank.

I’m sorry, I guess I’m a believer in investing, I’ve been in stocks for over 15 years, I’ve made great returns, way way better than the market average, but I’ve been investing in blue chip companies when I started, then I would start taking on riskier stocks, but ones that had a track record or director or product that I believed would make a profit. I would normally no look at the price of share or the company which I could get most shares of.

To each their own, but by the time expenses etc are taken into account, you are not let with a lot.
I would buy prize bonds until I had €2500+, then I would have my research done and buy a solid company.

PR is ultimately a penny stock.

Captainsatnav · 09-04-2018 11:38pm

ballyharpat wrote: »

I’m sorry, I guess I’m a believer in investing, I’ve been in stocks for over 15 years, I’ve made great returns, way way better than the market average, but I’ve been investing in blue chip companies when I started, then I would start taking on riskier stocks, but ones that had a track record or director or product that I believed would make a profit. I would normally no look at the price of share or the company which I could get most shares of.

To each their own, but by the time expenses etc are taken into account, you are not let with a lot.
I would buy prize bonds until I had €2500+, then I would have my research done and buy a solid company.

PR is ultimately a penny stock.

Lovely. Thanks bud

Captainsatnav · 17-04-2018 5:22pm

Goldman Sachs just bought 5% of the shares...

greenfield21 · 17-04-2018 6:31pm

Its up from 4.01%, i wonder how much do pi's own now?

Lash_Alert · 17-04-2018 11:16pm

ballyharpat wrote: »

I’m sorry, I guess I’m a believer in investing, I’ve been in stocks for over 15 years, I’ve made great returns, way way better than the market average, but I’ve been investing in blue chip companies when I started, then I would start taking on riskier stocks, but ones that had a track record or director or product that I believed would make a profit. I would normally no look at the price of share or the company which I could get most shares of.

To each their own, but by the time expenses etc are taken into account, you are not let with a lot.
I would buy prize bonds until I had €2500+, then I would have my research done and buy a solid company.

PR is ultimately a penny stock.

I am embarrassed for you with that post. It's just morto. If you are so good at investing and clearly so knowledgeable, I assume you are posting from your yacth in the Caribbean?

Lash_Alert · 18-04-2018 7:53am

ballyharpat wrote: »

Can I ask why I should be embarrassed with that post?

Can you please point out a self educated investor, that has yachts etc? Lets put it this way, I don't have to work, I go on 3-4 foreign holidays a year, I have a hobby that costs about 8-10k a year, I have multiple properties that are mortgage free. I have 2 cars.

In the last 8 months, I have doubled my money from investing.

But if you can find any reputable, successful investor or trading pattern, that suggests you can make a steady income by investing in penny stocks-I will apologise and be mortified.

If you can't see why you should be embarrassed about that post after reading it then me explaining it won't help. Keep up the good work Warren!

ballyharpat · 18-04-2018 11:10pm

Lash_Alert wrote: »

If you can't see why you should be embarrassed about that post after reading it then me explaining it won't help. Keep up the good work Warren!

Thanks, good luck with your long term hodl/penny stocks etc, in the meantime, I have rent to collect and dividends, oh, one of my blue chip stocks made 4% today, I'll do the math for you, that's 8% of my initial investment.

.......but what do I know, I am obviously not as knowledgable as you :rolleyes:

I'll hit you up for advice - on what not to do- since you have trouble explaining even what comes out of your mouth, not to mind what's going on in your head

Captainsatnav · 18-04-2018 11:20pm

P R up 40% since I got in ha ha

Lash_Alert · 18-04-2018 11:20pm

ballyharpat wrote: »

Thanks, good luck with your long term hodl/penny stocks etc, in the meantime, I have rent to collect and dividends, oh, one of my blue chip stocks made 4% today, I'll do the math for you, that's 8% of my initial investment.

.......but what do I know, I am obviously not as knowledgable as you :rolleyes:

I'll hit you up for advice - on what not to do- since you have trouble explaining even what comes out of your mouth, not to mind what's going on in your head

Another weird response on a number of fronts such as
1) I never said I have a share holding in Pro.
2) not that my portfolio is any of your business but I currently only have a small shareholding in one penny stock, not pro and its purely speculative.
3) you go around collecting rent? Weird given your such a high flyer, I would have thought you go the normal standing order route as opposed to door to door collecting but each to their own.
4) you sell that blue chip then? Or you just oddly bragging about a standard day to day movement. No gain or loss realised until you sell but once again an equities whiz like yourself is fully aware of that so the weird brag about 4% gain doesn't tie in.
5) not too sure what that math is showing? You sure your calculator is working?
6) good luck with the online rich man persona, may it bring you endless hours of enjoyment.

That's me done anyways. All the best

Providence Resources

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