Hi all,
Here we are, on a beautiful Saturday and we are still HDRing.
Pacey, good article. I hope that a lot of the oillies and potential bidders out there are reading that as well.
JP Morgan's announcement on Friday provided me with a bit more faith that TLW would have to sweeten the deal that is if they don't decide to pull out (looks like now they can without activating the 10% penalty due to the 50% drop realeased by WPL), but this scenario is looking increasingly unlikely now that Kingfisher and Nziizi is in play. HDR now has a stronger hand than when the offer was first dealt out.
With so many substantial holders now, it is just not plausible that all of them are TLW friendly. You can then count on most of them looking for the dollar or they are already acting on behalf of someone else; either way, the small holders can enjoy the ride.
Yes, I think we can lookforward to more than 2.02 and/or 40% of 0.22289 of TLW.
I am holding.
HDR
hardman resources limited
