HDR hardman resources limited

comparison to melrose resources, page-2

  1. hardmano
    16,264 Posts.
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    06/12/04
    13:51
    Post #: 692039
    butcherano

    Nice to meet you the other day! Interesting comparison with melrose and I agree that as HDR approaches production it will be very significantly rerated. In fact it will be seriously rerated when Tiof is declared commercial IMHO. Careful with the multiples though - as nearly all O&G stocks have done 50-100% over the 2003/04 period.

    I am buying HDR again today - slowly accumulating again at these or lower prices (but if it shows signs of running on news I will be going in harder). Its addictive!

    H
    HDR Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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