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HPD Exploration

December 2002

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HPD
HPD, the South  American gold explorer, has acquired an optionover 50% of a new  gold exploration property, through PatagoniaGold, itself a 50% owned joint venture. The new property, whichconsists of six concessions is in the Rio Negro province of SouthernArgentina, an area near Patagonia Gold’s existing concessions. HPD has agreed to invest  $0.75m over the next two years and ithas now successfully placed 17.6m new shares at 13.5p to raise $3.7m(£2.3m), to fund all ongoing exploration.  As HPD is still a loss-making concern, its shares will be heavilyinfluenced by newsflow. This will come initially from a first pass bygeologists to find  drilling targets, the results of which shouldbe announced by ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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