uganda value, page-2

Another bid is looking like zero chance now.

HDR is down after Tullow was down in pommy land on friday . That suggests putrely abitrage trading against the 40% scrip component.

The strongest nudge nudge wink wink to date has been Potter cashing in his " Phantom Shares " at $2.10 for a measly $125k.

Do you think he would have chose that day to convert if he thought a higher offer was coming ? I think not.

Now HDR long termers know how the MIM holders felt when Xstrata pinched that from another weak bunch of limp wristed board members.