the journey so far .... , page-2

xmagx

Thanks mate for your well balanced post - excellent! I've sold down my CFD's to protect capital but have not changed my view on HDR's future and hold my shares. If this dip goes further - say to Gurutrader's $1.26 (unlikley but possible) it will in my view represent an extraordinary buying opportunity ahead of Tiof 5 appraisal and flow test, probable Tiof commerciality, funding approval for Chinguetti, Guyane farm-out, Uganda results (Heritage's), drilling at Sotto, Bouge, Petrel, Pelican and Banda appraisal and who knows - perhaps a takeover offer (hopefully unsuccessful but it would lead to a ful expose of the Mauritanian prospects which would be good). Then of course as production gets nearer later nest year HDR will once again be rerated upwards.

I'll be focussing on FCN this week while looking to accumulate HDR at lower prices with FCN profits!

Cheers

H