HDR hardman resources limited

hdr sells eni-agip percentage, page-56

  1. xmagx
    2,077 Posts.
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    20/02/04
    11:49
    Post #: 391258
    re: hardmano...please read A good point taken from ozstock board. Valuation will increase with each new find naturally.


    I don't think it is sold too cheaply IMHO. The deal has to leave some profits to the investor. Assuming a 40-60 profit from future revenues, the interest would have been valued at US$330m [40%=$132m].

    Regards,
    xmagx
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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