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HDR - Hardman Resources

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Re: TZL and HDR

Just giving this thread a revival breath. How come no one discussing HDR anymore. Hey tech/a, whats your analysis on HDR?
 
Re: TZL and HDR

How come no one discussing HDR anymore
Click to expand...
Because there's not much to talk about. They are drilling and they will keep doing so for months to come. Oil has come off the boil for now and not much else is happening in this sector until further notice.

You'll have to remain patient Afterall it is your pick for November so you don't want it to explode too soon...

Have a nice weekend

Stefan
 
Re: TZL and HDR

HI there
Been following this thread with interest, compliments to all contributors.
Personally, I'm of the belief that this week is going to be very important as to where HDR will be heading in the future. It is currently finding support on a generous uptrending line on the weekly chart, and basically cannot afford much more downside. On the other hand, if it bounces off it and starts heading north, look for a break of Resistance at around 240-250c.
Daily MACD Histogram is vaguely trying to tell is that a change in sentiment might just be in progress.(short term)
Just my point of view! as at 31.10.04. I Reserve the right to change it at any time after today!
Stellar
 

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Re: TZL and HDR

Great to have another HDR follower- WELCOME!

Nice to see the chart too. I'm unable to post charts with trend lines but I have a short term line drawn indicating that the price should be around $2.20 or it's bearish for me! Hopefully it'll recover, eitherway I wish they'd release the latest results.

Read in the HDR annual report that they are planning some drilling in Australia for early next year, again confirmation of the fact that it's not just a Mauritiana play, many other wells around the world too. These low prices may see more new investors come into HDR.
 
Re: TZL and HDR

Theoretically till zero (0) but hopefully it'll find a support to bounce off somewhere before that Just the delayed news that's making people lose patience. very silly, bargain prices IMO.
 
Re: TZL and HDR

This stock really needs to pull up here. It has already broken its support level.
 
Re: TZL and HDR

Bought more this morning at 1.98. I missed the quick drop to 1.93. By the time I got my order in, it was already back at 1.97

Happy trading

Stefan
 
Re: TZL and HDR

Well here's the reason HDR has fallen recently- I didn't realise why. Apparently HDR will have its interest in Chinguetti reduced if the the Mauritiana govt exercises an option (HDR gets $$$ to cover its costs but then loses a percentage of its interest in the discovery to the govt- that's my understanding). This is all old news but it's just that the deadline is now approaching (20 Nov) and the articles says with falling oil prices it'll put pressure on the share price and limit upside. I can't see it falling much more though.

Read the article at:

http://www.smh.com.au/news/Business/Mauritanian-option-shaves-Hardman/2004/11/03/1099362221641.html
 
Re: TZL and HDR

I have increased my stake in HDR yesterday and will put it aside now. It looks very promising for my longterm portfolio and current up and downs in the share price will have no impact on what it's going to be worth in 12 months time. From what I've read in their annual report, I'm very optimistic that this will develop into a nice company with solid numbers backing solid growth.

They have so many sites currently under development, it could even become a hot takeover target once they have it all lined up.


Happy trading

Stefan
 
Re: TZL and HDR

HDR.

My Technical assesment.

Support around $1.90.
stock is ranging between $1.90 and $2.40 ish.

Could do worse buying around the $1.90 and selling
around the $2.30 of a 20% short term play to the long side.
Until it breaks old highs or old lows this is range bound.

tech
 
Re: TZL and HDR

stefan said:
They have so many sites currently under development, it could even become a hot takeover target once they have it all lined up.
Stefan
Click to expand...

YES! That is something that will be a nice little bonus if it transpires! There were rumours of it earlier on (as there always are) but they've dissipated for now- but it is an attractive outfit. Mgmt say they want to grow the Co not sell it but then all you need is a big offer and all of a sudden it's up for sale! HDR is a small bite for a lot of the global energy giants.

(No point speculating at this stage but you never know how things work out- as you suggest Stefan you buy for the solid underlying business and cashflow rather than mrere speculaton about a takeover)
 
Re: TZL and HDR

If this current pattern continues I'd say we're seeing a triangle formation develop. Let's hope it stays above $2, although I have a feeling we'll see a bit more volatility till the option is exercised (before 20Nov) and the latest results and flow rates are known.

Looks like Sterling will go ahead with its funding arrangement with the Mauritiana government. Just when us HDR followers thought we were in for more upside from positive well results (delay in announcing makes me think it'll be average or poor) this option arrangement rears its head. The only positive is that the prospects are so good it's worth buying into (alas HDR loses a bit).

The article in the earlier post said the funding arrangment was announced on 27th October and that the share price has fallen since that day; this current trend may suggest stabilisation around $2.
 
Re: TZL and HDR

HDR continuing its Southward movement. Where is our support now?? $1.80??
 
Re: TZL and HDR

Long term support is at $1.82.

While strictly speaking the most recient low is short term support.
Until breached.
 
Re: TZL and HDR

Looking ominous here, I don't expect any positive news from Capitain considering the delay and last weeks news. As HDR has fallen through minor support levels it's looking more like a reversal pattern- especially this last big rounded top with a little spike in the middle, not even reaching the height of the previous top. Volume doesn't correspond perfectly to a head and shoulders reversal but can't rule it out yet.

Expecially with Gold having a small run people may take money out of oil to concentrate on other sectors. Choppy times ahead. Not much to worry about for the longterm investors. Next major event for HDR IMO will be drilling of areas outside Mauritiana- see Annual Report. Unfortunately this is too far away to help the share price now. Lets hope that ship gets to the next hole fast!
 
Re: TZL and HDR

Looks like HDR has finally found some solid support. Released some news today saying they raised an additional $2.2 million for the company. I should see that as positive new. And that was a nice little surge/recovery at the end of the day. SHould be an interesting day tommorrow or days to come
 
Re: TZL and HDR

Oil at Tiof 4 in line with expectations. Good news.

Mauritanian Govt exercises right to participate. Not so good news but not bad either. I'm very upbeat about this whole thing. Now we have clear sailing ahead without the uncertainty of the right to participate. I'd bet that the price will recover in due time. Accumulated more below 1.9 for the long run.

Happy trading

Stefan

PS: Keep in mind that I'm holding HDR for the longterm.
 
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