All Hardman's assets are in one basket,,a "basket-case" African state..albeit offshore,,the risks are enormous..no oil development/production; no bank facilities ... no company making project, I dont want to put too much of a dampener on the wonderful assets,,,but its as simple as that.
Newcrests Indonesian gold assetts and Straits Indonesian coal assetts are valued at virtually zero book value because of the soverign risk,,this must be kept in mind when buying Hardman.
HDR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
