Mellow out bomber boy. Many of us have enjoyed a long ride on HDR and there is no law on this forum against idle speculation. The board is called HOT Copper after all. They didn't call it COLD copper or BOMBER da' copper.
If you prefer the dry debate of NPV valuations then review this spreadsheet ... http://home.mindspring.com/~smstuart/myfiles/mauritania_winners8.xls ... and we can argue about the appropriate discount rate. 12% or 15%, tis a tough call.
HDRs shareprice is more likely to be driven by emotion than NPV over the next few months. So our guestimates of price action are reasonable given the +/- 0.60 variations that we experienced last year after each well. With 4 wells to be drilled in the next 4 months we are looking at +/- 2.40 volatility. The beauty of HDR is that the downside is capped at 0.80 wheras the upside is unlimited.
As a fellow HDR shareholder, you must have a glimmer of optimism underneath that cold B29 exterior?
HDR
hardman resources limited
Mellow out bomber boy. Many of us have enjoyed a long ride on...
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