HDR hardman resources limited

re: cazenove - report Oilseap, Short sellers have cornered...

  1. Conix_Vale
    438 Posts.
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    16/06/05
    07:23
    Post #: 949024
    re: cazenove - report Oilseap,

    Short sellers have cornered themselves by selling 4.99 million shares in HDR as at the close of trade yesterday. Their liability is $499,000 for each 10 cents move up in HDR. Looking at your valuation of $3.99 per HDR share and realising that even this is based on the lowest oil reserves that one can sensibly estimate, the shorts are going to pay a premium to re-purchase.

    Cazenove will be buying against them.
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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