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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Dec 11, 2008 12:40am
341 Views
Post# 15639302

It is OPPORTUNITY for those who see it

It is OPPORTUNITY for those who see itThose who live in the past, are emotional about it, will lose.IMO  This is now. The question for current investors is this: Is High River Gold a bargain at the current price of .10  I think so, some do not. But objectivity might be saying take note of this situation. The interesting thing is, that this last post is to me typical of people who are living unfortunately in the past and not looking at the present situation. My very short answer is: Buy now, because this IS cheap. Can it go up or down a few pennies on any given day, yes of course. Can you figure out when it will surge up, or down? NO IMO.  Yes HRG was at $3.50 for a short time, and yes the whole sector was far higher, and yes HRG went down more, and yes it is now at .10 range. But also yes, it appears to be on the road to producing 300K ounces in the future, it has new management who invested at MORE than twice the current price, and there appears to be some accumulation by folks who know a great deal about this sector. HRG has four operational situations, NOT moose pasteur promoting a dream about trying to build a mine some years down the road and posting endless news about this or that. As well, people act as though this new managment can just make some offer, at whatever price, and take your stock. NOT SO. They can accumulate more, but you will be made aware over time. But guess what, SO CAN YOU. It will be VERY HARD for them to accumulate any great amount of shares, while at the same time, as some folks are claiming here, they are holding down the price by selling or manipulating the market. Think about it clearly, especially if/as the gold sector heads up, as I suspect is starting to happen, and ESPECIALLY with the gold price trending up. If you think the trading is pure manipulation keeping it down, you buy, because you are getting a bargain.IMO Put it another way, who and how many shares are REALLY available at lower prices. How many do you sell to get it there, how many do you net out and buy? If you look at the trading, a good portion is obviously nothing to do with "them". Thus at current volumes it would take them years to make any real big acquisition percentage changes at these current volume levels. And how far would they get, because some/many I think simply will not sell at these levels. In fact I for one am a buyer. I am sure there are others. Ever consider that all they will do, if any of these scenarios are true is put the shares into even stronger hands. I think most of what you are seeing of late is day trading attempts based on volume and attempts by folks to flip for a penny or even half that. Upside here is at least double.IMO BECAUSE they will not get the rest of the shares for less.IMO It is that simple a play. Is this a guarantee? Of course not, is it highly possible. I think so. Decide for yourself, but looking at the past is not going to tell you the potential at these levels. It may indicate the reverse, this is WAY undervalued.IMO But CHECK OUT what they have first, that may tell you whether the cap should be more than it is now. And more importantly where it will be headed, ESPECIALLY on any moves up in this sector. 
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