Hardy has released its H1 FY 2019 results, reporting cash held of US$5.3m (zero debt). This has reduced in particular due to higher legal costs, and we lower our end FY 2019 cash number from US$4.4m to US$4.0m. Hardy continues to await progress across its portfolio, reliant on the Indian government to move activities forward. Near term, we expect the result of JV arbitration on PY-3, where Hardy is attempting to recover costs from partners in order to meet an existing US$5.1m award against th
22 Nov 2018
H1 FY 2019 results
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H1 FY 2019 results
Hardy has released its H1 FY 2019 results, reporting cash held of US$5.3m (zero debt). This has reduced in particular due to higher legal costs, and we lower our end FY 2019 cash number from US$4.4m to US$4.0m. Hardy continues to await progress across its portfolio, reliant on the Indian government to move activities forward. Near term, we expect the result of JV arbitration on PY-3, where Hardy is attempting to recover costs from partners in order to meet an existing US$5.1m award against th