re: im waiting...maybe I'm still not sure what I am doing....I have both fully paids and CFD exposure. The way I am looking at it right now the cost/opportunity cost of holding for say 12 weeks would be around 4 cents per share. That is not much of a risk for me to take on a higher bid emerging.
There is some risk of conditions precedent not being met, but I think that is minimal. So I intend at this stage to continue to sit pat. So far around 130m shares have changed hands (<20%)...I reason that TLW is likely to continue to accumulate at the bid price and in the event of a counter bid then they are in the strongest position. I expect that a reasonable number of the traded stock has gone into speculators hands. Certainly there are still plenty of holders, including instos, so I am in good company.
I think if TLW's price goes up/POO goes up, or there is success at the next Mauri wildcat then the value could go higher. I may reduce just to get the risk down a bit.
Regards
DF
- Forums
- ASX - By Stock
- HDR
- im waiting
HDR
hardman resources limited
im waiting, page-20
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HDR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online