In 2004, I contacted Mr Ian Buchorn to apply for short fall...

In 2004, I contacted Mr Ian Buchorn to apply for short fall (right issue) of HRR @ 14.5c. He offered 500000 shrs, but we happily took 300000. Then BHP was in @ 35c, then Inco was in @ 60c. We were very happy to ride on with HRR and made good profits later. Since then we see project is big/good but too much capital is needed, plus Ni laterite, so we keep away. It is bad luck for HRR as Ni price drops badly that Inco has to walk out.
It is not much hope for HRR and sp may drop to < 10c as 2003. The only hope is Ni price goes up > USD 25000 so that HRR can find another big guy to join in. I wait until sp is bottom before buying again. It is very hard for share holders, but not much HRR can do.