$1.76 is disappointing considering the current share price. I guess that takes only Ching into consideration, which is fair enough, as it is the only thing of any monetary value which has been realised/v soon to be realised by HDR.
However, I don't view WPL's sale as a bad thing, with their other sales today it appears that they need a bit of cash to fund their future projects. They have sufficient exposure to Mauri, and they know that HDR can now look after themselves. We have no reason for WPL to be a major shareholder anymore. No real reason to be worried about this, I can see it being a problem in the immediate short term due to the sale price, but other than that, HDR should be fine.
HDR
hardman resources limited
