Mauritanias Chinguetti is every bit as promising as Equatorial Guineas' Ceiba field. In their exploration of Ceiba, Triton had several early dusters but the shareholders who were loyal and hung on were rewarded with a $US3.2b takeover. If Mauritania becomes the next Equatorial Guinea, and HDR become the next Triton, HDR would be worth $A9.76. I think this is a real possibility and this is not reflected in the current shareprice. Ching is worth 0.59 so at the current price of 0.89 you are paying an extra 0.30 for the remaining 54 leads and nothing for the new leads to be announced in Danas blocks 1,7 & 8. Each extra lead worth half a cent? I don't think so Mr Market.
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e.g. of An informative report., page-3
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