third quarter activities & cashflow reports, page-9

Almost getting time to get back into HDR - downside from here is looking minimal - I had a concern about a post Tevet2 sell down - does not seem to have eventuated (The JV has not had much luck in its past two campaigns imo). I think imending Chinguetti production early next year could be be another price mover might really focus the market on some hard sumber crunching- this, combined with a lift in the oil price with the onset of the US/European winter makes it seem a good low risk play from here - early next week will confirm...