tullow booming today, page-17

Hi acamus

I would prefer to see hardman management be ruthless rather than pussycats.

They have talked Uganda down and lost the arkets confidence because they have not delivered on anything that was 'shortly".

A good reason to change management - and if that requires a takeover - fine - but Hardman shareholders loose leverage in this deal as they only get 42% of their shares converted.

I still don't buy the idea that Hardman is facing a cash crunch - although maybe thats what we will be told to get us all to vote for this deal.

Much of the Ching cash you quote is project funded - and the lenders maybe be nervous - but that does not necessarily change the situation. The other funds you quote for mauri were budgeted and expended for exploration - and do not impact the cash position going forward.

I hope that your grandaughter continues to prosper. I just happen to think hardman shareholders will do better by themselves withoput the sort of "help" Tullow and Potter are proposing.