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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Feb 17, 2009 10:29am
241 Views
Post# 15782980

RE: RE: RE: Some numbers to contemplate....

RE: RE: RE: Some numbers to contemplate....Why can this move at ANY time now. One obvious reason, among a few is this. HRG is not a new story, it has been looked at by a number of parties, the mines are operational with a few issues yes, but capable of producing hundreds of thousands of ounces of gold NOW, all this  apparently known. As the price of gold keeps going up, and even faster in Ruble terms, add to the gold production and reserves the fact that HRG hold shares in Detour, now worth today over 33 million, and then there is Prognoz with hundreds of millions of PROVEN ounces of silver. Do you think that some in the industry are not interested in all of this, if Severstal does not do something, or wants to sell. How long and how much do you think it costs to put this sort of stuff together? The reason it can move quickly is simple then: gold and silver may rise to the point (maybe already there now) where the value simply asserts because investors go for it, or somebody makes an offer. In any case, there is absolutely no way the price of gold and silver can continue up, without something happening sooner than later. It may just be that even though they appear to have NO EFFECTIVE investor relations or promotion, and ignore current shareholders, the word may just get out as other stocks with less move up. It then just becomes risk/reward, but pulled up by a massive move into these situations.IMO If the price of the metals was going down or flat, maybe they could extend out their games, if that is what they are in fact doing, which is far from clear in truth. But eventually you simply are left with a situation where the value so far exceeds the cap, that forces emerge beyond anyones control.IMO Also, if you have a seller that tries to hold the price down, they end up losing, not winning. Because whatever you propose, if ridiculous, will get challenged.IMO So it serves no purpose if the whole market put upward valuations on reserves etc. All my opinion, but where do you get a better shot at this point? Those trading in here. Go for the penny, but those wanting a shot at 10 times their money, this is a possible situation, which even if it gets sold for .15 still represents a profit. You win either way. Chances of it going broke? Low in this environment, without something seriously wrong with management. I see games, but not them taking a loss. IMO Why would they?
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