Well I hold the shares from earlier, having reduced somewhat. But I agree with what you say, get Toif out of the way.

Have we reached bottom yet?

MS

MS at these prices I am looking to come in.

HDR = HNR on the ASX has a $2.60AUS price ticket.

Freeing up funds should be in tomorrow, fingers crossed!

SWW

How much is that in stirling?

MS

Half a haggis and a tartan jockstrap MS
Nam

As much as that wow!

MS

Are you sure that you have the right HNR seawallwalker? They are ticker HDR in Ossie! About $1.50 something?


Code Last $ +/-....Bid Offer Open...High..Low...Volume
HDR 1.550 -0.120 1.550 1.550 1.650 1.650 1.550 5,690,005

As they say, s***e happens?

It was an item I read last week concerning HDR. I did not think at the time to copy it or check it's authenticity.

I'll do some work on it!

Is it a good time to top up or is the downward trend still in place.

MS

MS
I'm looking for under 60p to jump back in..............I may not find it though!

sandrew64 maybe today is the day - another 3.23% drop in OZ overnight. See it's marked down to 60p ish here before open, but the ask is 62p.

HDR.AX - HARDMAN RSC- ASX - price 1.50 AUD -3.23% - volume 12,214,084

Needs to do better than that today for me I think. 60p ask is about right bearing in mind it can still drop.

Can't believe this stock is doing this, it is back to last years level almost!

Chinguetti is no longer in the price imho, nor tevet or tiof.

Bogue at 2billion and a 13% hit rate to be drilled next year I think.

I can not trace the item re the price target so forget that.

Waiting game today then.

I had a figure of 57p in my head but thought I was probably being a bit silly...we'll see.

anyone no hardmans NAV it will give a good indication of what level to buy at.

Sorry bowman, no idea.

If you are a chartist, today is not the day to buy.

The charts can have fun before the drill result at Toif 5, but what will the charts say after the result? Oh they may say, the charts are looking bullish again and why? Because the fundermentals have changed that's why!

Present and past info, but not the future on a stock like this, they just cannot forecast it! Price of metals maybe, or even the stock market, but not small stocks with news due at any time.

That's my view anyway :)

rayrac dead right in your opinion, which makes it even harder to decide when to buy.

I like this price, but I would like it cheaper, seems HNR does whatever HDR does the night before in Oz.

Tiof 5 is due, you are right, followed by no news while production swings into gear at Chinguetti.

There is loads in the price and perhaps I am being too picky.

The dips are a bit disconcerting though.

I see other PSC memebers are doing the same.

Taken from TMF - Killik & Co.

HARDMAN RESOURCES Share fall


The share price of Hardman Resources, a major partner in the Mauritanian discovery has seen a sharp share price fall in recent trading sessions from 90p to around 68p. Trying to judge the bottom of the price fall is a difficult business but a bounce back looks more than a fair chance from these levels.


Hardmans primary asset is the 19% stake in Chinguetti and 21.6% of the other exploration areas in Mauritania known as PSC B. Readers will recall that these stakes came after a place down of its share to BG Group earlier in the year.


The share price fall follows three separate pieces of poor news which has impacted sentiment. Given that the price has traded at a premium to estimated net asset value, bad news creates opportunities for the premium to reduce. We think the stock is now trading at a discount to core value.


Having spoken to the participants in the project, we understand the news earlier in the week that the Merou well had delivered sub commercial quantities of hydrocarbons really defines the boundary of the massive Tiof field (i.e. it does not extend as far to the west). Further drilling will now take place to the East.


The mechanical issues at Tiof which resulted in the suspension of drilling of the third appraisal well have been played down as insignificant although clearly this may have some impact of the cost program.


It is clear the partners need some good news but we have felt that some of these early targets are by their very nature are high risk and help to define the structures. As a result, the sentiment has moved too negative on the project. Indeed, we suspect that the next results we will hear from the partners will be more about development of existing projects which should be safer hunting ground (cash flow rather than exploration).



The stock price at 66p is below the perceived 73p core as estimated by Citigroup Smith Barney. Upside potential therefore exists. The added attraction of bid speculation at the lead operator Woodside Petroleum in recent sessions and thoughts that Hardman will probably be bought in 2005 suggest recent weakness represents a buying opportunity.

I'm back in.

The stock is as Killik says at a discount, and it's a good one, so that is all there is too it!

Anyone here interested in cows?