My interpretation is that some of the results were good, but in a very small area (4% of tests), More testing is required to see if there is a commercial viability there, this will take some time and of course money. Hence the meh.
This and the Uranium would be cream IMO if it becomes viable, I am mainly watching this stock because of Botswana Coal, the results there will determine whether or not I buy in. If positive AND they can get a major or other party to farm in for a JVP. Other than that it would require extensive equity raising which would have an impact on dilution of share percentage.
In short although I still look at HDG as positive potential, there is some way to go. Prospecting and start up prospector's are a time intensive proposition as I'm sure your aware. Unfortunately for those holding at present, with the market volatility, lack of positive published results and plan to proceed will in all probability lead to a slow decline in share price, as time progresses. That's not to say there have not been any positive results, just not enough to affect the SP in this market. I estimate they may have to look at another equity raising soon if a JVP does not come on board. That's why I'm still sitting on the sidelines, but watching with interest.
As always DYOR and good luck.
HDG Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
