just to get in ahead of the Tullow PR cheer team.
YES - Tullow is better managed than Hardman - and
a pommy CEO with apparently no b*lls was hired by Hardman - and he has seems to have sold Hardman out to his pommy mates. The law and market momentum and apathy will make sure it succeeds.
I hate it - but I don't like it. Don't add insult to injury by suggesting that somehow a company with $A270 mill cash, and an income stream - and assets to schedule or sell down their interest in - or delay investment in - is cash strapped. I am being assaulted, but don't insult my intelligence as well.
The only thing that will make this offer acceptible to me is if I had the option of 100% conversion to Tullow shares - not 46% - and the rest at a derisory $2.02. 100% conversion would give me full access to competent management and keeps my leverage on the assets.
HDR
hardman resources limited
