GREY:HRIVF - Post by User
Comment by
metalmaniakon Nov 29, 2008 11:06am
462 Views
Post# 15618238
RE: Severance Pay & Funding
RE: Severance Pay & Fundingagree with you Power. They won't dilute and will find ways of getting new cash through debt. I hear Zelenskiy in Toronto next week, and will be VERY tough on Mosher and Whalen in particular. They won't get those packages is what I hear. Severstal has some serious dirt on them through the due diligence in Russia. They were very dirty is what I hear and will likely stay away from any lawsuits.
Have to remember that Mosher and Whalen are old guys and hey don't want to have their dirty laundry out in the open for their children and friends to see.
Risk/reward with HRG is great at the moment, although I do see problems in Taparko hat need fixing.
See them producing no more than 250k oz next year.
Still, at 400 - 500 cost, serious EBITDA of at least 100 mil. V cheap.
BTW, Petro Canada trading at 2x EBITDA. I bought a bunch at 24 bucks.