Hyperdynamics Corp (HDYNQ)

[gpg]

I agree that obtaining a JV partner/operator is essential - however, I don't believe this one is a flip of a coin --- remember, in RL's most recent presentation, he stated every company they contacted (that had met HDY's criteria) were interested in moving forward. In addition, RL put his money where his mouth was by spending ~ $200,000 to exercise 400,000 shares worth of options (by the way, those options didn't expire until summer 2014) --- if Ray had any serious doubt that they'd be able to secure a JV deal, do you think he would have exercised those options?
I'm not saying there are not risks here - there certainly are. I personally think the significant risks will be on the drilling side - in regards to obtaining a partner, my question is who, how much and when, not if.