|
|
Hyperdynamics Corporation
|
|
||
Buy
Re financingI agree bonds would be the best for SH. However HDYN has no debt, no collateral, and one asset with an expiration. IMO, we are limited to issuing shares/warrants or farming out interest. Obviously an offering or farmout would dilute the potential upside of a discovery, but we all know its going to happen and the stock already tripled on that assumption and extension. I think that the news of getting the cash and reality of spudding would bring up demand for the shares in a YUGE way. So don't expect the present value in your brokerage account to go down. It may likely end up costing spectators more to come back in later to the much bigger pie. There is no liquidity, so its like trying to buy a ticket to a sold out Superbowl. They have to build onto the stadium to allow a big block in. Who knows if there is competitive bidding going on to improve the offering price....AND there will not be any retail shorts to put on sell side pressure this time. Not sure how the underwriting would work this time around, but we all remember R&R, so you can reference that below, in this new context: http://investors.hyperdynamics.com/releasedetail.cfm?ReleaseID=559925 |
return to message board, top of board |