butcherano
Nice to meet you the other day! Interesting comparison with melrose and I agree that as HDR approaches production it will be very significantly rerated. In fact it will be seriously rerated when Tiof is declared commercial IMHO. Careful with the multiples though - as nearly all O&G stocks have done 50-100% over the 2003/04 period.
I am buying HDR again today - slowly accumulating again at these or lower prices (but if it shows signs of running on news I will be going in harder). Its addictive!
H
HDR
hardman resources limited
comparison to melrose resources, page-2
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