GREY:HRIVF - Post by User
Post by
drichard53on Nov 05, 2009 7:41pm
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Post# 16458712
Alfa Bank Report
Alfa Bank ReportIf you haven't read it yet, a good read
it looks like Helmer is on the money
a look at the Alfa Bank report, page 5 under "What discount...", points 1&4
1) Severstal should be interested in increasing the value of its gold assets as
it is planning a spin-off or divestiture of these assets. Therefore, we expect the
company will take efforts to improve corporate governance and transparency.
4) High River Gold is a Canadian listed entity and shareholders in this market
tend to be activist shareholders if rights are abused. Any abuse of shareholder
rights would likely lead to legal action, which could delay or reduce the value
in divestiture.
those pesky activist Canuk shareholders
hopefully S will pay attention to what the report has to say