re: hardman down 8pcent in uk. nc, page-8

re: hardman down 8pcent in uk. nc The correction last year HDR bottomed out at 1.60 or thereabouts as I recall..Things are different now of course..we have Uganda, but we also have unresolved issues re: Tiof...bottom picking is a bit of a bleak art, but @1.75 (the WPL sale price) is a key support. A dedicated breach over the next few days could see a significant slide....but wherever it lands it should be short lived. The last couple of years has shown HDR can get back into the 1.80s and above quite quickly. Trading these price cycles can be quite profitable...So a substantial drop should be regarded as a reasonably low risk trading opportunity....providing the broader market doesn't melt down (not likely imo)