High River Gold Mines Ltd HRIVF

RE: RE: Severstal could buy Troika stake

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According to the interlocutor of the Agency, if Severstal will redeem 18.7%-tion packet at the Troika, then eventually get a share in HRG about 70%, it would be for the company a sufficient level, and the new proposal, minority shareholders will not stand.
"Expansion without regard to price - already a feature of management of steel holding.So, now the price of gold is high, quotes, swollen, and accordingly the transaction will be beneficial for the Severstal to consider only in the long term.At the current moment - in a more favorable situation is the seller.It should be noted that the increase in the proportion of the control level to 70% is not in our view such a principle - the blocking volume of shares will remain a minority.Thus, the news we tend to be regarded as negative for the market shares of Severstal", - The analyst Veles Capital Stanislav Fomenko.