Another bid is looking like zero chance now.HDR is down after...

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.