HDR hardman resources limited

HDR - undervalued ?

  1. HC5
    2 Posts.
    Check out the HDR website at www.hdr.com.au

    A report by Canaccord posted there values HDR at a risked value of 56p and unrisked at GBP5.67. That equates to A$1.50 and A$15.25 at current exchange rates

    Last night the stock closed in London (AIM:HNR) at 27.5p which equals roughly AUD 74c or a premium of 10% to the current ASX price of 67cps.

    The company is sitting on a far bit of cash and drilling in Mauritania is due to start in Aug/Sep so one would expect market to move up in speculation of testing the upside
 
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