placement in uk, page-8

re: placement in uk - king penguin King Penguin

So far HDR maangement have done well don't you think? Some things could have been done better but they are hanging in there with the big players, successfully raising funds and lining up financing for development.

Yes its risky this year with Ching early development first up. So I am trading HDR with CMC that offer a Guaranteed Stop Loss. This limits my downside to around 7% guaranteed while giving me high exposure to the upside of success at Chinguetti, financing for development (that will lead to a rerating I believe), exploration upside and any corporate moves.

Cheers

H