RE: If this scenario were to play out...I am buying every day now. This price is ridiulous, as I have stated previously many time. If your technical, look at the long term chart. If you like asset plays, add up what they have. Consider that the financing provides .57 per share cash for all shares after the dilution contemplated. You think that hurts me when I buy a share for $1.25 to $1.28 range???
I do not care at this point what the gold and silver price does this month. I expected it to get down to around $850, and am surprised it has held up as well as it has. When you consider the US dollar is having one of its customary bounces, but not really for any logical basis, other than that ALL the paper out there is weak. Its which one gets the weakest, as inflation gathers steam.IMO
I look for metals to respond to the reality, as will oil and gold over time. That reality is simple. NONE of the REAL problems have been solved. You have people recapitalizing bankrupt Banks and acting as though its business as usual, and telling folks to jump in and invest in them. This is a fools game.imo
HRG value, is something that even inept management can only f'ck up in terms of assertion in the share price for so long. When the panic stricken, those who need to raise cash to survive or pay off debts are flushed out, the value will be there. It is not going anywhere. Can anyone pick the EXACT bottom price from all this action? Maybe somebody lucky, or smarter than I can, or maybe the folks who are buying at $1.79 step in. Why not, they have already evaluated an investment at now about 40% higher.
If people can't see this, what can one say. I am NOT saying there is not risk, but most of those risks are there for any of these situations. Do not forget, this company has diverse assets in more than one location.
It is getting really simple, in terms of choice here I think. If you are with the herd, then you watch CNBSHEEP or BAH BHA BLOOM and listen as they twist and turn EVERY day and WEEK. This week, its commodities are over, buy the banks in many cases. Try this out. Commodities are still very high in price. They went WAY up, and are consolidating. There is simply no way, other than with a severe recession, or depression, that commodites come back to any sort of surplus of supply. AND even then, it STILL would only be for as long as that lasted, in a worst case. Why? We are running out of many, and 6 Billion plus people want to have life styles that are based on consumption. Not just a billion or so Western Folks.
If you are patient. If you can see all this unfolding. You buy assets when people freak out. You sit and listen to the BS, especially when they get so cheap that the downside against upside is crazy. That IS how people make big money. They are contrarian, they see when to go AGAINST the herd. BUT they are convinced after doing their DD of the arguments. Does this guarantee a win? No, but put it this way. You will NEVER have a big winner without this, because the logic contradicts. IE If you wait for recognition of value, it will be too late.
I said: you will not know the bottom in emotional markets. You will not buy anything risk free. You can speculate on assets worth many times the value of a stock price when it occurs on occasion. In my opinion this is one of these situations. But wait, or sell now folks, if you like. I would love some of you to come on with the logic of this now. Selling at $1.27 range???? Maybe it gets down to where I can just buy the stock for cash value! roflmao And I will!