GREY:HRIVF - Post by User
Post by
SergeBruneton May 28, 2010 1:26pm
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Post# 17140648
FTSE
FTSEEven though it might be great for the HRG shares to be listed and transacted in London, I wonder why it was important to do so when, in all likelyhood, Severstal will transfer their HRG shares to a new vehicle for an IPO. Are there laxer rules in London regarding the treatment of minority shareholders? Would it mean that they intend to sell their HRG shares on the London stock exchange in the future, without combining their other gold assets? hmmm...
Another point, if the price does not appreciate rapidly, Severstal might be tempted to do a buy-out at around 1.20 (50% premium), much lower than the estimated company value, which was a price that institutions in the past felt was appropriate for them...
SB