Hyperdynamics Corp (HDYNQ)

[gpg]

I will be quite disappointed if HDY has to go the fund raising route again. I appreciate all Ray has done, but he should have had the foresight to raise all the cash needed the last go around to get us thru this time until JVs are signed - envisioning that delays were a potential possibility. No doubt, if that is what we hear about on Monday, the stock will drop - shareholders will be frustrated --- it may very well be our only option right now if JVs are not ready to sign on and if cash has not been appropriately managed. Hoping for the best, but would not at all be surprised with more delays and more dilution.