re: basis for market valuation The management of HDR needs to be pro-active to recover market confidence in the valuation of HDR. One method may to sell down it share in the initial development from 19 to 10%. This could be to:
a. the existing partners
b. Sterling
c. Open tender
This would confirm to the market what the future valuation for TIOF, Tevet, should be.
As an example, NXS have provided a share price effect if Longtom is successful and commercial.
The company needs to do something to make the market comfortable with HDR before TIOF project funding becomes an issue.
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hardman resources limited
testing previous bottom atm/chart, page-14
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