jp morgan valuation, page-22

re: rager 618, i think arrogance and ego is a big problem within hdr management.

Capman, I fear you might be right on that call. Arrogance is not a bad thing if they have the abilities to go with it. Let's hope they possess both.

Will hang on for now. All the froth/EMV/Exploration premium has been taken out of it completely now. At the end of the day, Hardman is STILL essentially a 80% E & 20% P company. In fact, at current price, not even Tiof is factored in properly. IF and when the development concept is approved, it should be derisked somewhat. Market sentiment swings both ways like an elastic band (ie. it has its end point - assuming sound fundamentals). It'll swing the other way soon.

Cheers mate,
618