abeaty, yeah i think we figured that out a while ago.
with a market cap of $880 million and $130 million cash ya gotta be thinkin there isn't too much more downside. with hdr having 12 million barrels of reserves at ching with the downgrade (formerly 23 million barrels) there is nothing in the share price for uganda, tiof, banda, tevet and guyane etc etc.
i wont be betting the house on there being no further falls though.
HDR
hardman resources limited
