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Actually no Spuddy... Providence re-scheduled the payment of the $20 million Melody debt to May 2016.(See June 15 AGM presentation page 23) So in 9 months they are going to have to raise this amount plus another $10 million going for another year. The value of providence is less than $15 million now. Cant see them raising that amount of money. What about Libyan oil increases? Also what about Japan restarting its nuclear reactors so it will be importing much less oil? TOR is a joke who has lost shareholders $250million so far and it will be $400million when the company goes belly up in the next 6 months.
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