hardman resources u seller 69 came and then disapp, page-8

Dodge,

Murphy said that anything that can go wrong will go wrong. For HDR, things have gone right, they've found lots of oil and Ellyard has a batting average of 4 outta 5. HDR is not a victim of Murphys Law. HDRs situation is more like Van Gough, poverty sticken and unappreciated as he produced masterpieces.

I value HDR at 2.05, using very conservative assumptions and assuming 50% equity dilution to finance drilling & production through to when Mauritania starts churning out the cash. This is using a fairly complex spreadsheet. Not sure if you downloaded any of the previous versions. I can't post it on my web site anymore because I changed ISPs and my website was decommissioned. If you give me your email I'll send it to you and welcome your skeptical opinion since you are quite merciless with respect to loose figures.

With the baseball analogies and 64dodge nik are you from the US?


Ching