HDR hardman resources limited

finance, page-49

  1. geos
    1,154 Posts.
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    10/12/04
    22:19
    Post #: 710708
    re: finance update - geos & hardmano I was told today by the HDR PR person that there were no problems with the financing. It is just the legal details.

    I suspect that HDR will be required to hedge a % of their production. This makes sense to do this so that they are sure of covering debt repayments if the price of oil falls. The aim of hedging should always be to reduce risk, not make money.

    G
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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