High River Gold Mines Ltd HRIVF

Let the fight begin anew...

[SergeBrunet]

Well, it seems to me that the most plausible action based on the information available is that Severstal has been in bed for many years and through multiple transactions (acquisitions) with Troika and together came up with a plan to enlist their 'friends' to become a new minority shareholder in the hope that an arrangement can be drafted later where the voting will certainly be more conducive for them.  The amount of shares to be issued is just suspiciously short of the goal and that tells me that some more of their friends have probably acquired the necessary portion already to make this a done deal.

The underselling of shares is another indication as to the final intent.  If this had been a deal where the share price would be sold at a premium to the market price, it would have signaled a new direction in their mindset... of promoting the company.  However, the announcement prior to Q3 results is also an indication of embezzlement intent.

I guess its time to reactivate the Minority Group to fight this, this time the funds will have to take a public stance again and possibly engage in legal proceedings.  I seem to recall that Sprott did offer to fund the company last March by paying 0.50$/share.  HRG management (Severstal) is completely inept at not reactivating this offer if it was not renewed by the fund.

We need to find out what our legal options are... it seems that the pattern is clear with what occured last spring and summer that they are persisting in their attempt to steal HRG.  This has to stop.

Let's reunite the gang, the funds and welcome newcomers to the fight!...
And acquire shares on the cheap at 0.38$!

SB