33c

Apologies in advance for the low value add post. I will leave that to MM who certainly can appreciate value when he sees it.

I can see virtually no downside risk at the moment. The company seems to be supporting the SP at 30c and it has been put on the record that they will buy up to 33c. Sounds like an easy profit for those short term traders (especially on days like today).

I am going long on this one based on this limited downside, top fundamentals and the chance of either a takeover or a solid re-rating once it gets better coverage. An article in AFR or SMH would be nice...anyone got some contacts? I know drilling is not exactly flavour of the month but what about the gold and UG exposure...

I would like to get an indication of how many HC posters are actually hanging in there? Please give a thumbs up if you are still holding/believing...