Just thinking outloud here ,
I reckon WPL are drilling Banda now instead of proving up Chingetti to keep the HDR price down indicating to me they are interested in a takeover/merger at a later date, if the field proves up.
They already have a blocking stake in HDR.
Reading between the lines i guesstimate they consider Chingetti to be a feasible producer & have moved onto Banda to keep a cap on the HDR price, rather than proving up the field straight away.
If the news of Chingetti got out before Banda ( if Banda is a goer ) it would mean two producers instead of one so Banda will be the icing on the cake for mine , if it comes in ?
Looking forward to big things soon , hopefully after Banda.
If anyone knows Depth & approx drilling time of Banda can they please post for me.
Thanks to Bulletin magazine , i have held since 4c 5c 7c & 34c placement so i have a vested interest ( retirement hopefully ) in this one.
If Banda is a goer i expect a move from WPL in the near future & hope for a rival or two to try & outbid WPL.
Good luck to all the faithful
HDR
hardman resources limited
