preopen, page-167

re: sold out - Yogi,

Your quote:....
"Maybe some will think twice now, before sinking
good-money-after-bad into this non-performing
oiler."

I would be interested to know what you consider is a reasonable investment, if purchasing a stock sub 10c and then looking at a placement at $1.10 some 4.5 years later, is regarded as poor.

True, if one has the time and inclination to try to trade the ups and downs, then good luck and congratulations if you have succeeded!!

However, I wonder if you were holding HDR when Chinquetti and Tiof were discovered, or did you trade out prior to drilling as is recommended by traders??

If you were holding, at those times, then you basically go against all traders' rules. If you sold you certainly missed some nice profits!!

Must admit Yogi, I am not sure what you are trying to come at....if people trade they should be happy with frequent, smaller profits,...... if others invest, larger, slower moving profits can be quite nice.

Every one to their own.......one thing for sure tho Hardman are certainly no "non-performing oiler".


dodds