GREY:HRIVF - Post by User
Comment by
Olderwisernowon Feb 05, 2009 2:29pm
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RE: RE: RE: RE: You can't fool everyone it seems..
RE: RE: RE: RE: You can't fool everyone it seems..You need cash of course, if you pay of debt. But there ARE other ways of working out these situations. I am not saying that is the case, but nothing is for certain at HRG, as history shows. What I believe however is also simple: the assets are going up in value, they have an interim cash flow situation. If they see what I see, then they look forward and want to capture the big gains which could be coming quickly in this sector. A dropping Ruble, with a hedge in the form of stock trading in Canadian Dollars, along with a huge leverage on gold, should they manage this properly. As well, I keep saying: I DO NOT BUY THE PROGNOZ story about its not being valued. You would have to have your head up your proverbial *ss to not see the potential there.IMO If you see such potential, why would you get rid of it for peanuts? Why? If nothing else, just sit on it and dangle it out there for others. Silver now about $15.50 Canadian an ounce.
I think they may be reviewing all of this, in light of the changing (but predictable in my opinion) landscape. Gold and Silver are going far higher. Forget the volatility, it means little.imo
So back to the question. There are multiple possibilities here, and lots of plays. As the climate changes, perhaps the attitude changes with it. Ask yourself if you would be getting rid of any silver or gold assets at this point for a low price? Would you think hard about cranking up production, lowering costs, and striking deals to keep cash on hand? I think so.