Providence Resources - Re: Will there be a rights issue? - There wont be any rights...

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There wont be any rights issue at 25 pence. Institutional investors who own majority of shares would laugh at this. To raise 25millionyou would need to issue 100m shares. I.e hand over 60%of Providence for25m. This is not going to happen. Believe there isa concerted effort to pressure Providence. Believe Todays RNS is also a way for Providenceto tells Sequato get a move on or Providence will raise funding for spanishpoint and leave Providence on burner until serious interestcomes along

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