HNR trading well in London after little more than 1 hour its at 87.5p on 580k traded. Mostly catch-up to Oz so far (87.5 = $2.065) so lets see what happens. May well be in response to the JP Morgan Cazenove coverage which gives a NAV of 72p with upside to 103p if a higher POO is assumed. Their target for this years action of 100p or $2.38 (with no increase in the POO assumpition - a very conservative estimate in my view) with upside to 125p++ on a takeover (very conservative!! LOL).
H
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
