RE: 308 Million Shares Outstanding, Vast ! Man.It is all possible, but neither side has the definitive answer. If I were to take the opposite position to Dino, with his particular agenda, whatever that is, here is what I might counter with:
1. The gold price looks to be going its own way. It is currently higher than when HRG was previously trading at over $2, but is well, off its highs, obviously. The expenses are being mitigated, or should be, by a decreasing Ruble value, along with major decrease in oil price since they impacted expenses of all mining companies.
2. The expenses over time will/should also be decreasing because production is going up and there are scale issues here.
3. The cash requirements to carry on have not been entirely made clear, in the sense that it seems to depend to a large degree on the lenders, terms, and the flexibility of these lenders. It certainly could go either way, but nobody here seems to know, it is all just speculation. In any case there are assets here, and some may value them significantly higher, and wish to control them, benefit from them, or just own them outright. I doubt anybody here knows, including Dino. So the jury is out, and nothing is set in stone, that I am aware of, but speculation runs rampant. Once again, the weakest link on this, is Managment and BOD. Is nothing being clear good or bad?
4. As far as "analysts" predictions, well that would be your weakest call, as they have been absolutely lagards, and mostly wrong. They have gone from, gold would not go above $800, to then it was going to $1200 to $2000 by end of this year, to now back to a split, with some saying up up and away, while others saying down to a bit lower than here,but with a downside bias I suppose in terms of average call. To date of course this has been a very good contrary indicator. So now we have them all over the board. But how many have been right ahead of the turns, as against some after the fact calls??? That includes their calls on stocks, commodities(just look at their oil calls, and other commodity calls over last year), look at their predictions on how long the "recession" would last, or was it ever going to be a recession according to them in the first place, and the financials, well how many said they were at their lows months ago (remember those ones?) and on and on. If you are following "analysts" these days, you are probably in the same position as GM! LOL Analysts in this sector and others have been so wrong it is a joke to call them analysts, in my opinion, or in any case give them any credibility.
5. , I do think it is significant that some governments are beginning to buy gold, at this juncture. I probably explains the divergence between oil price percentage moves, dollar moves and gold price. Gold is down how much from its high? About 25+% and oil about 60%. The dollar has been moving up strongly. So gold is actually doing well against some currency moves, and of course this is lost on most as they are so fixated on the U.S. Dollar. Which by the way also brings up the point that HRG is a Canadian Company. The Canadian dollar is down more than 25% against the U.S. dollar from its highs this year.
Add it all up: its a toss up. Could easily go broke, but just as probable some sort of scheme. I am not expecting much, as we have managment that is so disconnected from the average retail shareholder as to be a joke, in my opinion, but this does not mean that they do not do something to protect interests, even if they turn out to be self serving, and only marginaly of interest to people like myself. Time will tell. But if one has waited this long, and the shareprice is trending up on volume, it really does seem a good bet that something is coming that reflects this value at least. If not, then not. I am in for the ride.
I question any strong negative posting now, as it almost seems like it has its own agenda to help folks part at low prices against accumulation by some group. If that proves to be wrong, then I am wrong. But experience does say that most times this sort of volume, this sort of price rise over last few days, does not show distribution, it shows accumulation, and therefore the QUESTION remains: WHY? Is it pure speculation or buying with knowledge or a reason, against a looming deadline and imminent news of some sort. I pick door number 1: news and not complete failure. That opinion will soon be proved correct or false, that seems certain at least!