Hyperdynamics Corp (HDYNQ)

[Rule_62]

Ever done a calculation of the cost to keep the Pacific Scirocco on standby while HDYN continued to attempt to raise funds? It's not pretty and ended up eating up a lot of cash.

May 21 to July 17 was a total of 58 days at a cost of $100,000/day ($5.6M).

July 18 to August 2 was a total of 16 days at a cost of $225,000/day ($3.6M).

Total cost incurred: $8.9M

They spent so much of their funding effort just to meet mounting costs due to the delays while HDYN struggled to raise enough cash. It's not going to be a very pleasant Q1 10-Q. Wonder how much of the financial reality HDYN will gloss over in the 10-K, which only covers up until June 30th?

The chatter about a white knight coming along makes me laugh. SAPetro WAS HDYN's white knight.