Australian (ASX) Stock Market Forum

HDR - Hardman Resources

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Re: TZL and HDR

A lot of speculators, short time traders in the stock now IMO.
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Rich, we also have to keep in mind that investors are probably waiting to see if Dorade is a dry hole as "predicted" by Woodside Chief executive Don Voelte a few weeks ago who mentioned that this is a strong possibility. So I guess a lot of investors are on the side line at the moment which has taken the heat of HDR. Nevertheless, I believe it is undervalued and any downside after a negative Dorade finding will be short lived.

We'll all be a lot wiser by end of this week :)

Have a nice weekend

Stefan
 
Re: TZL and HDR

So there we have it. No oil in Dorade-1. Doesn't seem to bother the market that much at the moment. Well, there's more to come...

Happy trading

Stefan
 
Re: TZL and HDR

Hmmm, if stefan didn't tell me that HDR made a negative annoucement, i wouldn't even have known just by looking at their share price. Is that a good or bad sign, the fact that the market is not paying much attention to the announcement? Some people have told me that our market is not efficent and therefore have a delay in price reaction to annoucements. Does this mean that HDR will fall dramatically on tommorrow's open?
 
Re: TZL and HDR

" Does this mean that HDR will fall dramatically on tommorrow's open? "

If that happens then I might have to buy some more HDR again at a good value price :)

Markor
 
Re: TZL and HDR

Lol dont get too excited Markor. I'm only 15 and so what i predict is not even worth considering and i certainly hope that i'm wrong as well since i do hold some shares inHDR.
 
Re: TZL and HDR

Some people have told me that our market is not efficent and therefore have a delay in price reaction to annoucements. Does this mean that HDR will fall dramatically on tommorrow's open?
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The market can react in two ways. It may drop or it may rise because the bad news is finally out and one can look at what's in store afterwards. With HDR you won't see a drop anytime soon. The market is actually as efficient as any other market and if the news is really worth something (good or bad) then it will react instantly. Clearly investors are looking for other things to come as Dorade-1 was always considered a high risk thing with a big chance that it may not contain any oil.

Happy trading

Stefan
 
Re: TZL and HDR

stefan said:
It may drop or it may rise because the bad news is finally out and one can look at what's in store afterwards. With HDR you won't see a drop anytime soon.
Stefan
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I figured that since there wasn't a real drop when HDR closed yesterday or opened today, that it may be laying low for a while until further substantial news comes in.
Taking advantage of this, I picked up some more at $2.19 today :)
I would imagine that further positive news would definitely push HDR through that $2.40 ceiling again.

Markor
 
Re: TZL and HDR

I would imagine that further positive news would definitely push HDR through that $2.40 ceiling again.
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I sure hope so, too!

There are just too many good things surrounding HDR to exit now. I'll keep it for at least early next year.

Happy trading

Stefan
 
Re: TZL and HDR

stefan said:
So there we have it. No oil in Dorade-1. Doesn't seem to bother the market that much at the moment. Well, there's more to come...

Happy trading

Stefan
Click to expand...

Probably didn't bother the market as they factored it in last week (I hope!). So I guess it's back to business for HDR.
 
Re: TZL and HDR

FYI: HDR CEO is stepping aside for medical reasons.

I wouldn't expect too many dramas.

Happy trading

Stefan
 
Re: TZL and HDR

I had a look at HDR and saw that they were at $2.15 (- 2.3 %) for the day so far.
I also noted that there was a none- market sensitive headline indicated that they had changed their address. Silly me- I didn't appreciate that a company's change of address could influence their share price this much ;)

Markor
 
Re: TZL and HDR

The market got hammered today and everything seemed to be losing it. So I'd say people will get used to the change of address pretty soon and things will turn around quickly ;)

Overall it is of concern that things are not looking all that good for economies around the world. Those US figures didn't exactly support Greenspan's view that everything is well on track for a quick recovery. I'm really wondering how long this show can go on.

Anyway, oil remains expensive and stocks like HDR will grow slowly but surely.
At least I hope they will :)

Happy trading

Stefan
 
Re: TZL and HDR

As a result we have over $300 million on deposit with major Australian banks, no debt and a major oil field under development. We have enough cash in hand together with an expected bank facility to fund our share of this development all presently budgeted exploration programmes.
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Now that's the stuff I like to read about a company I'm investing my money in... :)

17.7cents/share of profit for 2004 with $328 million cash and they haven't even started selling oil. With all the stuff that's about to happend I will have to remain extremely bullish on HDR. The next few months will be most exiting and I am very much looking forward to it.

Happy trading

Stefan
 
Re: TZL and HDR

"The next few months will be most exiting" Stefan

Huh? EXITING? are my eyes playing tricks on me?
 
Re: TZL and HDR

Huh? EXITING? are my eyes playing tricks on me?
Click to expand...
LOL, ok... Maybe it was my other half that made me write EXITING. But I REALLY wanted to make it exciting instead, believe me! :D
 

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