HHR 0.00% 0.6¢ hartshead resources nl

No problem mate, I don't post that much anymore - not enough...

  1. 2,454 Posts.
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    No problem mate, I don't post that much anymore - not enough time.

    Your going pretty good so far for only 9 months experience (ie. the Tanzanian research). That's how i started learning, reading up about everything to do with the sector (i mean everything, even oil and gas literature) and asking questions and I still ask questions. Every day is a school day.

    I actually wasn't sure about buying in today. Share price and register looks sick at the moment. Sell side totally out numbers buyers (not forgetting off market buyers here) and in technical decline. Although share price looks like its forming a technical base but this depends on when news comes out and what happens on wall st.

    But got in cause i know cash position is around $30 mil (fully funded 2014 - $15 mil 3D seismic + admin (these guys get paid way to much btw) + other costs).

    But near term upside from major working % in tanzania project + potential gabon farm-out + early enough to get in for morocco spud upside are enough to be in it right now.

    Reward outweighs risk.

    Dont take my word though, im more wrong that right ;)

 
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