SG and auscan
I posted similiar comments yesterday and I too am sorry to say that I agree, the valuation of HDR is heavily dependent on income from Chinguetti, this was the means to fund all other exploration wells in the programme, restoration of the flow is imperitave, I beleive that a reduction of reserves is a secondary consideration at this stage.
It will be years before a significant alternative income stream is available.
HDR
hardman resources limited
reserve upgrade or downgrade, page-15
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