Awsome day's trading in HDR. Instituional buyers are lapping it all up to get their 1 in 6 entitlement before 14 April. This is a very good sign. If Mac bank had sold down before yesterday to buy back cheaper then this would have backfired on them big time (and they deserve it too). All this appears to be me that HDR is increasingly being driven by the big boys and retail investors are being pushed out of shareownership (if you sell out that is); so the sp is not easily manipulated any longer.
Appears to me HDR is doing the prudent thing and cashing up before the big drill and development program. Also doesn't hurt to increase market cap and shareholder based as a defense in case of a takeover.
Good luck to all. Stay in the game. This is a $5 stock in two years.
HDR
hardman resources limited
