HDR hardman resources limited

Report from Intersuisse Research

  1. 3,559 Posts.
    The report backs up Pattersons Ord Minnette and values HDR at $1.25.

    It also confirms that Hardman have appointed Concord Capital (Europe) to manage the placement of 56 million shares under section 708 of the Corporations act.

    It makes clear that the offer will only be made available to professional investors to whom a disclosure document is not required.

    Section 708 of the Corporations act makes interesting reading especially the part about takeovers.
 
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