Yep - if I am honest, I regard Hardman as a trading stock at present - the wild swings make a nonsense of having it in a long term position.
At some point - that will change - maybe a spread of producing assets will do that - then we need to stop selling on rallies.
As stated twice before, despite the pain today - Hermoice has done us all a favour today with his annoucement - it has lanced the Ching boil - the market savaged the stock most affected - and maybe the market will forget about Ching (50% fall factored in) and move on.
This will leave amy good news from Uganda having a clear run.
Then, when the reserves downgrades are not so severe - say 30% not 50% - the market will see that as a positive.
I actually think today shows that Hermoine's communication skills have matured significantly. If the Hardman announcement was designed to pre-empt the ROC announcement, then my opinion is again increased - as Hermoice is becoming pro-active in communicationg - even while in sunny Uganda.
HDR
hardman resources limited
