HRT trading at below CASH Market Cap is R$327MM or US$137MM
2Q14 Final CASH was R$365MM or US$153MM
+ HRT should further increase it's CASH position in 3Q14 by receiving another +US$24MM from Rosneft (Solimoes farmout) and we can expect a significant CASH inflow from the sale of IPEX, maybe still in this quarter...
So I expect the CASH Position to increase to > US$200MM or R$480MM
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