HDR - Hardman Resources

[RichKid]

Re: Hardman Resources

HDR are having a nice little run this morning!

Sam76, please search for existing threads on a particular company before posting- use the search tool at the top of each page. I have merged the two HDR threads into one to make it easier for everyone in future.
Thank you,
RichKid
moderator

 

[sam76]

Re: HDR Hardman Resources

I apologise Rich Kid,

I could've sworn I posted a reply rather then started a new thread.

sorry mate.

 

[RichKid]

Re: HDR Hardman Resources

I apologise Rich Kid,

I could've sworn I posted a reply rather then started a new thread.

sorry mate.

No problemo, there were two threads, a short one that you posted on and the main HDR thread, someone else started the duplicate- wasn't you. Just good to continue the main thread unless it's a different project related to HDR (like a purely technical study or on one big project taken on by the company etc).
Enjoy the reading, lots of posts on HDR, same Mauritiana campaign still going, maybe you can update us and more people may rejoin. My view of HDR atm is that the oil price is affecting it as it has other oil stocks. I might post a chart later too.

 

[RichKid]

Re: HDR Hardman Resources

Chart, nice clear double top and the recent sideways movements, 1.80 is a crucial level imo. Mainly an oil price story atm.

 

[ozewolf]

Re: HDR Hardman Resources

Hi guys, i've been browsing around for some stocks lately, not to buy, but just to further familiarise myself with the market. I've dug out two stocks that seem to be filled with potential. I'm probably wrong and thats why i here asking for your opinions. Well the first is TZL (TZ Limited). A combination of the prospects for the US economy in particular, TZ's contractual agreement with Textron and the cost-saving potential of TZ's technology. Currently selling for 72cents. It might just be a good buy. Next is HDR (Hardman Resources). I've seen this stock be mentioned quite often. What do you guys think about these two stocks?

hi there,
hardman is certainly a stock to watch...
more positive results first quarter next year when going into production...
tipping a minimum at $2.20 by then.

 

[RichKid]

Re: HDR Hardman Resources

hi there,
hardman is certainly a stock to watch...
more positive results first quarter next year when going into production...
tipping a minimum at $2.20 by then.

Yep, sure was a rising star, then it disappoined with a few dusters in the Mauritiana drilling and with the civil unrest triggering an early fall it hasn't quite looked the same. A storng oil price and the production you mention has kept it stable. A lot of upside once they're into production, this oil price wont stay here forever imo.

 

[johnno261]

Re: HDR Hardman Resources

Tipping $3 by production 1st qtr 2006

 

[RichKid]

Re: HDR Hardman Resources

Anyone cotton on to this? It appears to have been released after market close today but I'm not sure how early the news filtered into Australia. The reason I mention it (as most HDR followers will know) is because the last coup attemp resulted in the HDR price nosediving, it was at a similar high at the last time too so this could easily look like a triple top. Let's see what happens tomorrow. (If the news was available before market close then I can only assume people have not panicked as before since the price didn't move too much). Look for anncts from Woodside too if this has any bearing on the joint venture.

Mauritania Suffers Apparent Coup Bid
August 3, 2005 - 10:44PM SMH

Members of Mauritania's presidential guard took over state television and radio and blocked streets in the capital Nouackchott in what a diplomat said could be a coup attempt.

President Maaouya Ould Sid'Ahmed Taya, who was out of the country after attending the funeral of Saudi Arabia's King Fahd in Riyadh, arrived in Niger's capital Niamey hours after reports of the troop movements in Nouakchott emerged.

"We have heard that there has been a coup d'etat but we don't know who's involved. We don't know whether it is something that has succeeded or failed," Sid Ahmed Abeidna, the British honorary consul in Nouakchott, said.

Witnesses said members of Taya's guard had earlier taken control of state television and radio.

Gunfire rang out briefly near the presidency building and the airport was closed.

The French embassy in Nouakchott said it was monitoring the situation in the former colony but declined to comment further.

The US embassy said it had told its citizens to stay at home.

A witness on the border with Senegal said border guards were preventing people from leaving the country.

Shops in the sand-blanketed city were closed and taxis were not stopping to pick up people trying to leave the town centre.

"I heard a burst of gunfire near the presidency. I saw scared people running away. Civil servants have all left their offices," a second witness in the capital said.

He said state radio had been off air since the early morning.

Dissident soldiers came close to toppling Taya in June 2003 during two days of street fighting in Nouakchott before loyalist forces regained control.

The government says it foiled two more coup attempts in 2004.

"All the army is in the streets. It's blocking the roads to the presidency and the main routes through town," a civil servant who lives near the presidency building said.

Taya seized power in a 1984 coup. He has angered many Arabs in the country, which straddles black and Arab Africa, by shifting support from former Iraqi President Saddam Hussein to Israel and Washington in the 1990s.

Mauritania - which hopes to start pumping oil early next year - is one of only three Arab League member states that have established diplomatic ties with Israel.

It is also one of the most repressive countries in the region towards Islamist movements, analysts say.

Police have arrested scores of Islamic opposition leaders and activists since April, accusing them of colluding with the Algerian-based Salafist Group for Preaching and Combat (GSPC), a movement allied to al-Qaeda.

In May, security forces searched mosques around the capital, seizing Koranic texts and arresting mosque officials.

The United States has been sending military experts to train soldiers in Mauritania and other countries in the region to combat militants thought to be operating in the Sahara.

US European Command, which overseas US military operations in 91 countries and territories in Europe and most of Africa, said it was monitoring the situation closely.

Analysts have warned that Mauritania's attempts to stifle opposition groups by denouncing them as terrorists risks backfiring by radicalising moderate Islamists.

Fifteen Mauritanian soldiers were killed in a dawn raid on a remote outpost near the Algerian border in June, an attack which the government blamed on the GSPC.

 

[doctorj]

Re: HDR Hardman Resources

Latest rumours are that the coup has been quelled with stories out an hour ago that some "senior officials" had been detained. This has been reflected in recent buying in London.

Unfortunately, it doesn't say who detained who, so I'm sure we'll only really know what happenned as media outlets process the fallout over the coming days.

Remember, WPL, ROC and BKP are also affected.
--
EDIT: This just out.

NOUAKCHOTT, Mauritania - A group of Mauritanian army officers announced the overthrow of the nation's president on Wednesday, hours after troops took control of the national media and seized the army chief of staff headquarters in the capital of this oil-rich Islamic nation.

The group, which identified itself as the Military Council for Justice and Democracy, announced the coup against President Maaoya Sid’Ahmed Taya, who was abroad, through the state-run news agency.

“The armed forces and security forces have unanimously decided to put an end to the totalitarian practices of the deposed regime under which our people have suffered much over the last several years,” the statement said.
--

 

[doctorj]

Re: HDR Hardman Resources

Two more.

BEIRUT, Lebanon, Aug. 3 (UPI) -- Mauritania's army and internal security forces said they toppled President Moawiya Ould Tayeh's regime, installing a military council to rule the African state.

A communiquà © signed by the Military Council for Justice and Democracy said Wednesday the coup is aimed at "putting an end to the regime's despotic practices."

It said the council will rule Mauritania for a transitional period not exceeding two years "during which real democratic institutions would be created."

Using the official agency to publish the communiquà © indicates that the rebels have seized control of state media.

The president was out of the country for the funeral of Saudi Arabia's King Fahd. A plane carrying him back home landed Wednesday in Niger's capital, Niamey, BBC reported.

Rebel soldiers came close to toppling him in June 2003. The government says it foiled two more attempts in 2004.

A group of Mauritanian army officers announced the overthrow of the president on Wednesday, hours after troops took control of the national media and the army chief of staff headquarters in the capital of this oil-rich Islamic nation.

The group, which identified itself as the Military Council for Justice and Democracy, announced the coup against President Maaoya Sid'Ahmed Taya, who was abroad, through the state-run news agency.

"The armed forces and security forces have unanimously decided to put an end to the totalitarian practices of the deposed regime under which our people have suffered much over the last several years," the statement said.

The junta said it would excercise power for two years to allow time to put in place democratic institutions.

Earlier Wednesday, Taya arrived in the nearby West African nation of Niger, apparently trying to return home from Saudi Arabia where he had traveled Monday for the funeral of King Fahd, according to officials in Niger's capital, Niamey.

With his plane on the tarmac, Taya held talks at the airport with Niger's President Mamadou Tandja. Taya did not speak to reporters and security forces kept journalists at a distance.

Taya, who has allied himself with the United States in the war on terror, has faced staunch opposition among Islamic groups in his impoverished desert nation of 3 million and has cracked down ruthlessly on opponents since a 2003 coup attempt.

Heavily armed soldiers deployed in force around the presidential palace, ministries and other strategic buildings and on the streets of the capital of Nouakchott, blocking key roads and several entrances to the city.

A short burst of automatic gunfire was heard near the palace, where three anti-aircraft truck batteries were set up at midmorning. No casualties were reported.

Mohamed Ali, a father of eight who lives nearby, was among dozens of people fleeing the city center.

"I'm afraid for my family," he said. "I'll come back when things are back to normal."

The presidential guard troops cut state media broadcasts and the nation has no private stations. The airport also was closed to civilian flights, according to the military.

Taya has survived several coup attempts during his 20-year reign, but only the 2003 effort to overthrow him had made it past the planning stage, marked by several days of street fighting in the capital.

He implemented a crackdown after that against members of Islamist groups and the army, jailing scores of people accused of plotting to overthrow him. His government also has accused opponents of training with al-Qaida linked insurgents in Algeria.

A June 4 border raid on a remote Mauritanian army post by al-Qaida-linked insurgents sparked a gunbattle that killed 15 Mauritanian troops and nine attackers. Algeria's Salafist Group for Call and Combat claimed responsibility for the attack, saying in a message on a Web site that the assault was "in revenge for our brothers who were arrested in the last round of detentions in Mauritania."

Mauritania, a sparsely populated nation on the northwestern edge of the Sahara, is strictly regulated by Taya, who took power in a 1984 military coup and tried to legitimize his rule in the 1990s through elections the opposition says were fraudulent.

The predominantly Islamic West African nation, which straddles black and Arab Africa, opened full diplomatic relations with Israel six years ago, leading to widespread criticism from Islamic groups at home.

The president, who is in his 60s, supported Saddam during the 1991 Gulf War, but switched alliances dramatically in the late 1990s ”” breaking diplomatic ties with Iraq.

Oil recently was discovered in reserves offshore, and the country is expected to begin pumping crude for the first time early next year.

 

[RichKid]

Re: HDR Hardman Resources

Hi Doc,
Well, looks from your last few articles that it is bad news, it is a military coup and it has succeeded. Wonder if they'll want to change the terms of the agreements that the foreign oil companies have in place or if they'll just freeze it all. Eitherway there is so much uncertainty.

Needless to say HDR has dropped big time in early trading on high volume, it's only the start of the day so we'll have a clearer picture by the end of the day. I assume some risk premium is already built into the sp after last year's unrest. The fall doesn't appear to be as bad as the last big one.

 

[johnno261]

Re: HDR Hardman Resources

Hardmans not looking good on chart.Got out last week at $2.25 with a 52centp/s profit on 200,000units. A sub $2 figure is looking strong and going by my new chart software may even pullback to $1.70's.
AGM in Novemeber so probably will bottom out prior to that and then not long after that really is the production kickin in early 06. Some money to be made on this little sucker over the next 6 months for sure!!!

 

[RichKid]

Re: HDR Hardman Resources

Hardmans not looking good on chart.Got out last week at $2.25 with a 52centp/s profit on 200,000units. A sub $2 figure is looking strong and going by my new chart software may even pullback to $1.70's.
AGM in Novemeber so probably will bottom out prior to that and then not long after that really is the production kickin in early 06. Some money to be made on this little sucker over the next 6 months for sure!!!

Not sure if I'm as good as your new software (what is it btw?) but I see a big retracement too, the market does not like those higher prices. The fall will probably be halted if oil spikes again but I don't think it will (touchwood).

.....wkly chart of HDR below, on second thoughts it needs to break that uptrend line first to go lower. So maybe targeting 190 in the short term, then lower perhaps.

 

[RichKid]

Re: HDR Hardman Resources

About to fall through support imo according to those colourful lines in the chart but might be a brief bounce beforehand- watch out below!!

 

[doctorj]

Re: HDR Hardman Resources

I'm the first to admit I'm a sucker for an oil/gas co with a good story and I feel the recent price movements is a divergence from the reality behind HDR. I do agree it is in for more pain with a falling oil price and some recent drilling disappointment.

It's late and I'm over due for a nap, but here are some interesting points
- Weakness in oil has seen HDR fall back more than it rallied on strong prices to begin with
- Tiof difficulty due to geology or lack of a PSC Gas agreement with goverment?
- Its valued a figure much closer to USD$30 for oil rather than USD$60
- Much of their current drilling "failures" have been around the extremes of their fields
- From Kahuna at SS: "even if HDR was to find zero more in Mauritania the gas and oil already between the 5 finds suggests to me the real valuation on HDR is around AUD $3.42 per barrel of reserves and if they were to extract the oil and then gas at the rate of Chinguettie it would last around 80 years and oil at US$50- I expect it implies a P/E of around 8 for HDR. AUD/OIL $80.49 vs valuation at $3.42 NPV or 4.2% ... yeah right !! But we are there ... either oil goes to AUD $55- or USD$40- or the other side gives"
- HDR is tied to WPL. WPL is down more than 20%, HDR given its speculative nature is always going to be its more volatile cousin

Apologies for the poor post. Needless to say, I'm long term bullish on HDR but its all about the entry.

 

[doctorj]

Re: HDR Hardman Resources

Oil has pulled back and natgas has fallen off a cliff in the face of a mild northern winter.

HDR has broken through the support it was hovering at the 0.618 fib and has closed the gap from the start of 06/05. Closed today at the top of that same gap, which should provide some support. MACD, RSI and OBV all looking unhealthy, but ROC suggests the down trend may be pausing at support to atleast catch its breath.

A break below here would see next support at 1.63. I still can't help being bullish about HDR and WPL. It looks as though its worth waiting for a buy signal at the moment, buy now and you could end up catching a falling knife.

 

[ozewolf]

Re: HDR Hardman Resources

Hi guys, i've been browsing around for some stocks lately, not to buy, but just to further familiarise myself with the market. I've dug out two stocks that seem to be filled with potential. I'm probably wrong and thats why i here asking for your opinions. Well the first is TZL (TZ Limited). A combination of the prospects for the US economy in particular, TZ's contractual agreement with Textron and the cost-saving potential of TZ's technology. Currently selling for 72cents. It might just be a good buy. Next is HDR (Hardman Resources). I've seen this stock be mentioned quite often. What do you guys think about these two stocks?

Hi,
HDR is definately worth to keep an eye on...I still believe that due to fundamentals and upcoming production first quarter of next year, surely HDR have to hit a least $2,40 by then.

Ozewolf

 

[intellimoney]

Re: HDR Hardman Resources

Dont touch with the preverbial barge pole its a real speculators stock though heaps of fun to trade as there is normally only two sides to this stock your either selling or buying and the price trend reflects it.

You want something longer term I would look at either PBB or AMP both companies have a recovering share price and business.

 

[RichKid]

Re: HDR Hardman Resources

HDR in a trading hald as Woodside is looking to offload its stake, doesn't sound good imo, you'd assume they'd hang on if they thought it was going to appreciate, especially when hdr is way off its highs. Apparently they're figuring out how to offload the parcel- look what happened to LHG today when RIO's transaction was finalised, huge drop. HDR still looking weak.

 

[carpets]

HDR trading halt

seems woodside has sold its holdings in hardmans, about $118m worth at $1.755 each.
report just came out, not sure how market is going to react, many sellers lining up at lower than expected prices.
Richard O'Shannasy, secretary quotes "it is now an appropriate time for woodside to seel its holding given the transformation that Hardman has undergone in the last few years... Financially and operationally, Hardman has never been in better shape. Chinguetti is nearly complete with the anticipation of first oil in Feb 2006"
The sale price will possibly bring down the share price initially but things are still looking good for the near future.
Comments?