.222890 hardman shares, page-7

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I have regained my good humour and can now see that there is a VERY attractive arbitrage possibility .. I'll be back in! TLW istelf is of course a potential takeover target and its 50p off its highs so there's plenty of upside there and success at Kingfisher would provide serious upside. Add to that the fact that ML owns 14% of TLW (that should tell you something in itself!) and 9% of HDR .. so they have a big vested interest in seeing the shareprices of both cpmpanies rise. They could even make it happen! TLW closed up 5% last night at 378p = A$9.52 which at the offer rate of 0.222890 per HDR = A$2.12, HNR closed at 81.75p = A$2.0595.

Looking good for a move up today. OXR looking good too! How quickly things change in this game!

H