GREY:HRIVF - Post by User
Post by
Alex_27on Aug 06, 2009 2:04pm
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Post# 16196764
CIBC research
CIBC researchHigh River Gold Mines Ltd
Not Many Choices - Sell And Move On
Having upped its offer twice, we do not think that there will be another bid
coming for HRG in the current takeover by Severstal. The offer currently
stands at $0.30/sh and shares have been trading at this level since the last
bump indicating that the market does not believe there is another offer.
We suggest that investors may want to consider the risk of a long-drawn
out battle that may or may not reap rewards versus the current trading
range of HRG that is at or above the offer. We think tendering to the bid or
selling into the market, offers the best choice.
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