GREY:HRIVF - Post by User
Post by
Honkeybillon Apr 22, 2009 10:01am
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Post# 15935636
It's not how large the position is
It's not how large the position is It's how large the holder of the position is. We all agree Severstal wants to steal HRG. I actually think they would like to buy the rest and probably offered Sprott and the rest of the institutional players somewhere around 35 cents to hit the road. They all said no, and I can't imagine them saying no if they thought there was ANY chance of losing what little cash they had left in HRG.
I'm sure there is a behind the scenes war raging right now and lawyers are racking up the fees. Time is against Severstal if they want it cheap..........if their true intent is stealing it for nuthin then all we can do is watch them and the institutions battle it out.
I still say there will be an offer very soon......although I would be surprised if it was over 50 cents.