High River Gold Mines Ltd HRIVF

RE: News Release

[Olderwisernow]

This news was expected by many. There really isn't any reason for them to do much of anything regarding Prognoz at this time and nobody is going to develop it until the price of silver goes up, or they do a feasibility study where they pin down the costs. Many think it is too expensive to develop, and of course now, this is especially true, so whatever the case is longer term, HRG does not dilute, does not spend more money, and still retains majority control. They also are owed money on this, correct? So somebody said they may well be able to claim it unless the debt is paid back to them. So we may not have heard the full outcome on this as yet. I find it largely a nothing, but more on the plus side in terms of cash and dilution. I think they should just hold it, and if the price of silver moves up over the longer term, they can do a number of things with their control position. Over the short to medium term, the interesting part here is how they manage the producing mines, and also what does the price of gold and oil do, along with how do the currencies move. Right now the Canadian dollar is down considerably, and the Rouble is also weak. Both help HRG and do not yet seem to be reflected in the share price.IMO 
I expect the price to fluctuate mildly, baring any other news. Maybe a few sell on this news, although not sure why at these prices. Also some year end selling. Over medium to longer term I expect price of deals to move price, as many here speculate to a minimum near their .20 price. Nothing changed here for me. It is severely undervalued at .10 range.IMO