HDR hardman resources limited

I have no doubt that this is "organised selling", it has...

  1. 8,880 Posts.
    I have no doubt that this is "organised selling", it has succeded it seems in destablising the confidence in a number of small holders just by selling a relatively small number of shares at constantly lower prices until it becomes a trend, which it has.
    What reason could there be ??? POO ? doubtful, results known ?? selling started prior to drilling so doubtful, Tiof not to be commercial ?? perhaps but unlikely, Insto selling ?? volumes say no, Maccas trying for a low SP prior to Labienda results and hoping for a duster and a plunge in SP, likely IMHO as they could then buy and cover to a large extent, manipulation seeems the most likely.
    On the positive side and reasons to hold,
    1. Current drill, risk is not as high as previous three.
    2. Low cost / high reward Uganda drills in December.
    3. Tiof commercially.
    4. FPSO arrival very soon.
    5. Chinguetti oil production very soon.
    6. Dana well very soon.
    &. Still the wildcard of a Guyane/Matamata JV partner.


 
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