12m mc, 3m cash, 400mt jorc!! 2bt target!!, page-102

Agree with Septa that its interesting to see the substantial shareholder announcement come out today. Pinetree Capital are well regarded, and the notice states they've been a substantial shareholder in HDG since Sept 2009, its just been under a nominee holding. For Pinetree to come out and disclose their holding today says to me that they're confident about where HDG is heading. Why else would they do it?

Agree also that cap raising is just the start of this, even if its in the low 30's, gets money in the bank and will reward early shareholders.