Hyperdynamics Corp (HDYNQ)

[Chesterfield]

The DOJ investigation will be a major stumbling block to any offers on HDY. We need that resolved.

On the plus side Tullow may try and bid up the value of the concession to enhance their portfolio value and attract a higher offer.

On the downside, Guinea might just say screw you guys, hello China.

HDY just doesn't have a strong hand. Some sort of low ball take out with Guinea's blessing is probably the best exit we will get.

My pessimistic prediction is that Tullow/HDY fail to drill, Guinee take back the asset and give it to China, Ray spends the last of the cash suing Guinea and we end up trickling away to a penny stock and the lawyers get rich as we go BK.