HDR hardman resources limited

sbs's ann. is hdr connected?, page-2

  1. 2,631 Posts.
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    Hi Olive
    The SBS announcement is a non-event. They have simply been invited to a meeting. Actually, I don't recall what SBS's other interests are, but I would personally steer clear of Eritrea as a place to spend any money as the government is incapable of providing a stable investment environment.

    Even if HDR gets a similar letter and or has its licenses reinstated, I would not support the expenditure of any shareholder money in that province. Who knows, the JV may make discoveries and then subsequently have them nationalised or whatever. When the SBS mining licences were revoked, I was wondering how long it would take for there to be trouble for the PCL/HDR offshore stuff.

    HDR should cut its losses and get out. There are better areas to do business.

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