hardmano,my reading of the future prospects in...

hardmano,my reading of the future prospects in mauritania.
development decision ching by mid 2003,with production pencilled in for not earlier than 1st quarter 2006.
banda subject to further evaluation,and possible drilling in 2003.economics of banda as to date have not been set in concrete.
hdr has 7 years of exploration commitments in front of them.the dilution either by share placements or equity dilution in project will keep the share price in a very tight band imho.
good luck to long term holders,but this project is not off the ground until commitment to develop due mid 2003.
volume today so far lowest in how many years?
sell-side volume strengthening,xmas is coming.
short term view sell.