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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Post by cjsellon Jun 29, 2009 3:44pm
375 Views
Post# 16106489

AGM tomorrow

AGM tomorrowWhere do folks want to meet prior to the AGM?

We must be prepared to ask tough questions to HRG management, and if they can't answer, then we must ask HRG management to reply formally.  Remember the AGM does have a set agenda and they are NOT obligated to do very much.  BUT we can have questions written into the minutes and WE MUST get HRG's management to own up to what they are doing about the minority shareholders.  Here are some of my points, not all, just a start.  HRG MUST comment and be on-the-record for.  No way my list is complete, but we have to have a united front, and not let them slide on some tough questions.

1)  TSX delisting  -  Will HRG go on the Venture in Toronto?  What is HRG's plan, and when, why not get that moving.
2) Why the valuations were based in the BOTTOM of the scale, why POG was $850 not current valuations, Bisa was left off the valuation. Does HRG's management believe the valuation is "current" enough.
3) What Severstal intends to do when the offer is defeated, what then?
4) Why HRG refinanced loans (with Severstal backing them) at LIBOR plus 8-9 instead of Severstal's rate LIBOR +2
5) Why the Detour shares were repledged to Standard Bank
6) What is HRG getting for the monies paid to Standard Bank, and the monthly fee of 30K
7) Exactly which covenants are in default and what are the remedies?  This has never been made clear.

Lets add to the list, and remember WE MUST GET HRG TO GO ON THE RECORD, AND WRITTEN INTO THE MINUTES WITH FOLLOW-UP.

CJ
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