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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Feb 19, 2009 10:11am
292 Views
Post# 15789293

RE: RE: Small correction re debate on value with P

RE: RE: Small correction re debate on value with PThere are so many options. Debt, equity, sale of assets, merge and combinations. All I do is look at the worst case, which is, say they issue stock for the whole net debt at todays price. Interesting thing is, even with this massive dilution, you still end up with a per share value, even using very low value per ounce on reserves, with a stock which would not be less than now in value. Every which way I look at this, the risk reward still points to low or small downside, and big upside. As to which route they choose? I do not have a clue. It is a complete guessing game. As for will they do it? I think they will have no problem getting the money. They have money in, with a rising value and production and cash flows at hand. What else have they got with any, at this point? So to let it go, would be idiotic, and I do not see that in the equation. Its just how and when.IMO
Bullboard Posts