High River Gold Mines Ltd HRIVF

Playing games

[cjsell]

It could have been any savy trader wanting to knock down HRG in order to grab some cheap shares in advance of a takeout.  Look at the trend over the past 6 months, pretty solid.  Yes we had the big pop and no further upward action.  But we know Q4 and FY2009 will be good, no matter how Severstal cooks the books!  We know the debt is MELTING away, we know Royal's covenants are being repaired, we know of some refurb on the milling machines, we are cash positive, and making money...all good stuff.  It can only get better from here, Severstal IMO will make a move sooner then later, and way before the stockholders meeting.  I am looking at a buck and change.  There is too much on the table, and their offer will be better than the last go-round.  I did buy some late this afternoon, but missed the sub .60   but I will be looking to buy more tomorrow. 
There are lots of other stuff in play as well.  Severstal upped their position into Crew Gold, so there is some kind of African connection, just do not see it yet.  The more chatter, the better...

CJ