Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
This morning’s announcement by Providence Resources (PVR) looks naughty. Rather than announce completion of the long, long awaited farm-out of its 80% owned Barryroe exploration project, off the southern coast of Ireland, CEO Tony O’Reilly has tried to seduce the market with a sexy little show of ankle. The problem for Mr O’Reilly is that very few seem to be buying it!
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