High River Gold Mines Ltd HRIVF

RE: What will be the SP at the of the day?

[Critical_Mass]

All I can say is much higher.

Great preliminary numbers and furthermore a positive spin on all the numbers released despite the delay.  That in itself is a huge change and I think more important then anything else. To me this signal's Severstal's end game just got a lot closer and our interests are becoming more aligned as they look towards their IPO.  The cloud is starting to lift from this stock.

I have a very strong feeling we will see Prognoz written back up come the 15th which should give this thing a double bounce. I believe this is one reason for the delay as KPMG was unwilling to sign off on this.  Whatever the true reason for the delay, I don't believe this time the delay was malicious.  The spin on the report seems too positive.

It also seems we have a string of upcoming good news now that should really get this thing flying.  So following this very positive report, we have an audited version at least as good if not better.  Followed not long thereafter with even better first quarter numbers, with possibly the removal of the debt covenants and the fees that go with it from Royal Gold.  Add a Bissa feasibility plan, upgraded reserves from now resumed drilling, and further increased production from the mine expansion plans that have been on hold and we have a string of upcoming news that will set this stock alight in the short to medium term and get this valued correctly for the IPO.

Really it just needs to get back to its peer group and we are all laughing to the bank. And I really doubt there will be another dilution with Trokia there now.  We have plenty of cash. And moreover if they did Severstal would be screwing, Trokia,  their bank over that has them by the balls if they did.  Whatever their relationship, Trokia is it for themselves and cares only about their own profit.

This seems very much more likely now over the next few months as we continue the momentum we have had over the last year.  I am now the most confidant I have been with this stock anytime I can remember.

Good luck longs.  Cancel your offers.  You might get run over.

CM