senseiI can see where you are coming from but don't forget that...

sensei

I can see where you are coming from but don't forget that the JV is about to drill the first exploration well and that results will be expected within 10 days or so. And many of "us" who are still holding HDR have bought at much much lower prices like 10 cents, or have bought in the last 6-11 months and selling now would be ill-advised from a capital gains point of view. Also, there are over 380 million HDR shares (57%) in institutional hands and WPL owns 10.5%. These "people" won't be selling just yet.

If you are meaning pure short-term "traders" would be mad to hold ... to some extent I agree ... hence I sold most of my CFDs last week.

Cheers

H