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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

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Post by cjsellon Aug 25, 2008 5:09pm
199 Views
Post# 15408653

News from Russian sources, new perspective

News from Russian sources, new perspectiveSorry for the language of this article, Google Russian translation included. HRG investor relations really is in need of direction.

Salient points are in RED and YELLOW.  Alfa is getting a real steal, maybe they have been buying on the QT to increase their positon and average down the $1.79. Will be interesting to see disclosure remarks over the coming weeks. 

HRG Board should be ousted, Whalen and Mosher terminated...period. Dumb, dumb dumb decisions.

For what it's worth I think the deal will get done. If I were Alfa, and believing POG is going up, I would get this done PDQ. They will control the company with their position, maybe sell off the African stuff and recoup their investment. Besides the silver side alone must be worth 3x what these guys are paying.

CJ


 Fridman in gold
[10:59 04 ??????? 2008 ?.] [ ??????.ru, 4 ??????? 2008 ] [10:59 04 August 2008] [Gazeta. Ru, August 4, 2008]

?????????? ?????? ??????? ? ?????? ??? ????????? ????????? ????????? ???????. Businessmen Mikhail Fridman and German Khan yielded universal infatuation with gold.

“?????-?????” ???????? ??????? ????? ????????? ???????????????? ???????? High River Gold Mines, ???????? ?????? ??????? ????????????? ? ??????. "Alpha-groups" buys a large package of Canadian gold mining company High River Gold Mines, whose main assets are concentrated in Russia.

? ?????? ??????????????, ??????? ??????? “?????” ?????????? 32-?????????? ???? ? High River Gold (HRG), ????????? ???????? ???????? ?????????? ?? 160 ??? ????? ?????, ??????? “?????” ??????????? ??????????? Veromart Securities Inc. Under the agreement, which would make "Alpha" the owner of 32 - the percentage of High River Gold (HRG), the Canadian company will issue dopemissiyu at 160 million new shares, which are "daughter" of Russian consortium Veromart Securities Inc. ?????? ????? ???????? ? ??? ????? ?? 15 ???????. would buy back in two phases until December 15. ????? ????? ?????? ???????? 280 ??? ????. ????? ??????? ????? ??????? ????????? ??????????, “?????” ?????? ?????? ???? ????? ?????????????? ? ????? ?????????? High River. The total transaction amount of $ 280 million when the sale of shares approved by the Canadian regulators, Alpha will be able to introduce two of its representatives on the Board of Directors of High River.

????? High River ????? ????? ? ?????????????? ????????? ????????? ??????????????? ????????? ? ???? “?????”, ????? ??? ????? ???????????? ?? ??????? ?????. Head of High River David Mosher was encouraged by the emergence of a strategic investor in the person of "Alpha", while the market reacted to the news differently.

????? ????????? ???????? ????? ????? ??? ?? 10%. Shares of Canadian companies fell by more than 10%.

????????, ????????? ????????? ? ?????????????? ????????????? ??????????, ? ??????? ?? ????????? ???? ?????? “?????”, ? ? ????? ?????? ?? ??? — ???????? ? ?????????-?????????? ???????? ???????? ???-BP. Clearly, investors heard about the numerous corporate conflicts, which did not last role played by "Alpha", and the most recent of them - scandal in Russian-British oil company TNK-BP. ?? ? ????????? ???????? ??? ??????? ??????????, ???????? ?????????, ? “?????” ? ?? 32% ??????? ?????????? ?????????????? ????????. But the Canadian company has no major shareholders, analysts noted, and "Alpha", with its 32% will be able to actually control the company.

“High River Gold ??? ????? ???????????? ? ?????? ? ?????? ???????? ? ??????? 4-4,5 ????? ?????? ? ???”, — ???????? ????????? ?????????????? ?????? ??? “?????????” ????? ?????????. "High River Gold has long been present in Russia and now produces an average of 4-4,5 tons of gold a year" - noted the analytical department chief of JSC "NBLZoloto" Roman Schetinsky. ? ?????? HRG ??????? 85% ????? “???????????”, ????????????? ?????? “???????????” ? ???????? ???????, ?? ????? ??????????? ???????? ??????? ??????????? ????????????? “???????” ? ??????. In Russia HRG owns 85% of the shares in Buryatzoloto, is developing the mine "Berezitovy" in the Amur region, it also owns half of the draft silver deposits Prognoz "in Yakutia. ?????? ????? ? ???????? ???? ??????? ? ?????? ? ???????-????. In addition the company has projects in Canada and Burkina Faso.

??? “?????-?????” ???? ? HRG — ??????? ????????????, ??? ????? ? ?????? ????, ??? ???????? ?? ????????? ? ??????? ???????? ??????? ??????????? ???????????. For Alpha-groups "share in the HRG - the successful acquisition, all the more so given that the company compared to other players sector significantly underestimated. ???????? UnicreditAton ????? ??????? ????????? ????????????? ????????? ???????? ???, ??? ????????? ????? ????? ????????? ????????? ????? HRG ??-?? ???????? ? ???????? ????????. Analyst UnicreditAton Marat Gabitov explains the relative affordable company that some time ago, investors sold shares HRG because of delays in launching projects. ?????? ???? ??????? ?? ???????? ???????? ????????? ???????? ? ?? ?????????, ?? ????? ????? ??????????, ??? “?????” ?? ?????????, ? ??????????? ???? ???????? HRG ? ???????? ????????????????? ??????????, ??????????? ? ??????. But if we take into account the current state of the company and its potential, we can boldly say that Alpha is not progadala, especially when compared with similar HRG gold processing, working in Russia. ? ????? ???????? ????, ????????, Late last year, for example,

??????????? ? ????????? ?????? ?????????? ?????????????? Millhouse ???????????? ????????? 400 ??? ???? ?? 40% ????? ?????? ?? ???????? ??????????????? ?????? Highland Gold Mining. acting in the interests of Roman Abramovich investkompaniya Millhouse agreed to pay U.S. $ 400 million for 40% of the shares the fifth-largest miners Russia Highland Gold Mining.

?? ?????? ??????????, ??????????????? HRG ?? ?????? ??????? ? ???, ??? ????? ???????? ????????? ? ???????, ? ?? ?? ?????????? ???????? AIM. According Schetinskogo, undervalued HRG largely related to the fact that the company's shares traded in Toronto, rather than at the London venue AIM. ? ????????? ???? ??? ??? ?????, ???????? ???????? ???????? ??? ?????????? ????????, ??-??????? ?? ?????????. yearsIn recent , these two exchanges, major trading platforms for mining companies to evaluate them differently. “HRG, ????? ??????? ???????????? ?????? ?? ?????????? TSX, ?? ????? ????????????? ????? ??????????? ????????, ??????? ?????????? ?? AIM”, — ??????? ?????????. "HRG, which shares represented only at the Toronto TSX, capitalizing on its many loses analogs, which are listed on AIM", - said Schetinsky.

?????????? ?????? ?? ?????? HRG ???????? ?? ?????????? ??????????? ????????????? “???????” (?????????? ???????? ???????? ??????? ?????? ?????? ?? 15 ???????), ?? ???????????? ? ???????????? ??????? ? ?????? ? ?????? ? ?? ?????????? ?????. Proceeds from the transaction HRG money to send to the development of silver deposits Prognoz "(the remaining half of which Canadians have to buy up to 15 December), the acquisition and consolidation of assets in Russia and Africa and for debt reduction.

“?????-?????” ?? ??????? ????????????? ? ????? ??????????? ????????, ???? ?? ??????? ???????? ? ????????? ????? ?? ??????? ????????. "Alpha-groups" not the first time to invest in precious metals market, prices are kept at the recent high points. ? ???? ????? ???? ?????????? ???????? ???? ? ????????? Silver Bear, ??????? ??????????????? ????????????? ??????? “????????????” ? ??????. In June this year the consortium has acquired the Canadian share of the Silver Bear, a leading exploration of silver deposits "Mangazeyskoe in Yakutia. ??? ????? “?????” ??????? ????? ? ?????? ?????????? “????”, ?? ???????????? ??????? ?? ?????? “??????”. Earlier Alpha owned shares in artels diggers "Cupid", but subsequently sold it the "Alliance". ???????????????? ????????? ?????? ?????????? ???????????? ??????? ???????? (???) (United Gold Company). Mining projects Joint Group is a gold company (OZK) (United Gold Company).

?????? ?????????? ???????????????, ?????, ??? ?????????? ? ???????????? ??????? ? ??????????????, ????????? ????? ????? ???????????????? ????? ??? ???? ??????. Many Russian businessmen understand that investment in gold mining profitable and bystrookupaemy, some time ago interested in a new market for itself. ?????????? ? ???? ? ????? ???????? ???? ????? “??????????” ??????? ???????? ? ???????? ???????? “??????” ????? ?????????. The difference is that at the end of last year chapter "Severstal" Alexei Mordashov and principal shareholder of Eurasia Roman Abramovich.

?????? ??????????????? ??????? ??? ??????????? ???????????? ????? ? ???????? ???????????? ???????? ?? ?????????? ??????, ?????? ??????? ? ???????? ????? ?? ?????. Gold is seen by many as an opportunity to insure risks in the current unstable situation in the financial markets, a weak dollar and rising oil prices.

???? ?????? ???? ?????? ??????? ??????? ??????????????? ??????? ? 1000 ???? ?? ?????, ? ????????? ?????, ??? ???? ?? ??????????? ??????? ????????? ???????? ??? ? ??????? ??????? ???????. This spring the price of gold for the first time crossed the psychological 1000 mark in the U.S. for ounce, and analysts believe that the prices of precious metals to remain high even for a long time.

?????? ?????????? ?????????????? ? ?????? — “????? ??????”: ? 2007 ???? ??????????? ???????? ????????? 1,2 ??? ????? ?????? (34 ?????). Now the largest miners in Russia - "Polyus Gold": in 2007 the company fired enterprise 1.2 million ounces of gold (34 tons). ?????? ?? ???????? ???????????????? ???????? ? ?????? — Peter Hambro Mining, ? ??????? ???? ???????? ?????? 297,3 ???. ????? ??????. The second largest gold company in Russia - Peter Hambro Mining, in the past year the company produced 297.3 thousand ounces of gold. ?????? ??????? ????? — “??????????” (?????? ? ??????? ???? 242 ???. ?????). The third major player - "Polymetal" (production last year, 242 thousand ounces). ?? ???? ??????? “????????????” (????? ? 2007 ???? 158 ???. 900 ?????) ? Highland Gold MIning Ltd (????????? ???????????? ? ??????? ???? ?? 156,474 ???. ?????, 4,4 ????? ). This is followed by "Yuzhuralzoloto" (extracted in 2007, 158 thousand 900 ounces) and Highland Gold MIning Ltd (production declined last year to 156474 thousand ounces, 4.4 tons). “???????????”, ?????????????? High River, ? ??????? ???? ?????? 147,8 ???. ????? ??????. "Buryatzoloto" controlled by High River, last year produced 147.8 thousand ounces of gold. ?? ????? ??????? “???????????” ??????????? ?????????? ? 2008 ???? ????? 76 ???. ????? ?????? ? ???. The new mine "Berezitovy" planned for the year 2008 about 76 thousand ounces of gold per year.

?????? ????????? Xenia GOGITIDZE

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