High River Gold Mines Ltd HRIVF

makes sense olderandwiser

[thinker1951]

I didnt make the connection at first for writing off the $4.5 million but olderandwiser you are correct.  Right now nickel is not a fit? Focusing on gold and improving the balance sheet is a management decision that further builds my confidence in this team. HRG has significant potential for capital gains if gold goes up and they continue to solve their problems. The severstal position does leave several questions on future viability and growth for hrg. How can severstal get money into hrg to expand but not take over hrg (assuming they want to put more money in that direction?) As we should realize severstal is losing billions right now. I discussed this with hrg at pdac. Hrg needs financing for upcoming debt repayment and for further growth. Time will tell but I am an optimist and see hrg surviving in some form that will be profitable to current shareholders. Good luck all.