re: hdr / roc
As much as i believe that the placement is ridiculous, i reckon it was done to fast track chinguetti and tiof. This is also evidenced by woodside selling 40% of its enfield stake to mitsui for around US$450million.
I reckon woodside put the pressure on to obtain funds and thus hardman and roc had no other choice.
my question is why the f*&%k does hardman need another 167 million when it has 130 million already in the bank... we can fund both chinguetti and tiof and matamata (when it is developed) without bloody a cent from the bank...
Macquarie i think needed fees to achieve their profit forecasts.
deadset disgrace
this is a disgrace... next thing you know
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