Seller, 4Ls, H and Turlet,
I agree the low price is probably mainly tax loss selling and there should be some pickup in early July - very much like last year. However, this year HDR will be coming off a much lower base. I suppose the market has factored in the recent attempted coup, but probably more important is HDRs cash which is much less than this time last year. Still, I'm hoping that when things start to crank up HDR will get to 65c pre-drill. Time will tell... Hopefully they'll drill Tevet as the first exploration well, which I like the look of a lot.
cheers, KA
HDR
hardman resources limited
