HDR hardman resources limited

cash flow is king

  1. 193 Posts.
    go to sleep for a month and see what happens. SP down 20% from recent highs and drilling program seeming to only provide valuable information for the geologists.

    The best good news that Hardman can have now is production - meaning cash flow - and that will happen in the next 2 months (according to the Democratic Islamic Government of Mauritania) or Q106 (according to the JV).

    Independent directors. Boards need to have some cohesion and focus - it should not be a comittee but a War Cabinet.

    The poster on thi BB who wants to be elected has said...

    "but if I failed to do so[perform] I would be voted out in 12 months time"

    The norm for director re-election is 3 years on a rotation basis - otherwise by special resolution - which is mcuh harder.

    I actually think the board is doing a good job - short term SP changes are not the measure of a boards success.







 
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