RE: RE: RE: RE: How many O/S will HRG have?One thing I think many seem to forget here is this. With this being a public company, and the new owners having a huge slug of shares, and with gold looking to have a substantial opportunity to outperform their other sectors, the leverage for them is in keeping this a separate entity and public. Why? Well if you roll this into something else and gold outperforms, you will not see the appreciation on your balance sheet, or at least not anywhere near to the degree you might see as a seperate entity. IE I own 300 million plus shares, with a book value of x. Gold rockets and the shares move up 5, 10 or even more times in price. I now have an asset showing a huge increase in value. I have liquidity, separate from my main company. Do you think maybe Gold outperforms steel and coal over next couple of years?
I do, and I hardly think they see much advantage if ANY, folding this into a poor performing sector. I think the opposite is true, they are looking for a hedge and diversification. As for them being Russian, far too much emphasis on this, as since when are CANADIAN mining companies so upstanding???? Who got us into this mess in the first place? Who rescued the company at the last minute from going bankrupt? It WAS NOT any of the Canadian groups. It was not the committee was it either. It was in fact the Russian domiciled lawyer. So all those, and I am Canadian, so I can say this, who think the Russians are much different than us, is just fooling themselves. But it sounds good to many. Being a little more objective, just look, I say again, at the Canadian record on mining deals. Some great:Kinross, Barrick and others of course. Some/many full of BS, moose pasteur promoted shamelessly and touted endlessly by CANADIAN promoters etc. So be careful in judging, as Canada has a TERRIBLE record in this area, and even here, did you see, hear or even feel Canadian authorities detected anything wrong or did anything??? From what I have seen, they did NOTHING. Whether it was Roscan, or the other failed deals. And now, when the Russian group has to clean up the MISMANAGEMENT give them some time, they just saved all your asses, as I see it. IMO of course.