what a difference management, page-17

acamas,

HDR has s*itloads of cash, in fact $136m. They picked up $31m in the first half of they year from ching.

In their own words of August 29..."Strong cash position allows active exploration and appraisal..."

Also from August 29: "We have substantial net cash, an inventory of exploration, appraisal and development options in both Mauritania and Uganda and we have an operating capacity to manage pace across our portfolio.
We are confident of continuing the development of Hardman into a significant international exploration and production company to add material net asset value for shareholders"


What has caused the change so quickly???

dodds