GREY:HRIVF - Post by User
Comment by
bart_dcon Aug 13, 2010 9:28am
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Post# 17347902
RE: RE: Update on HRG from a "friend"
RE: RE: Update on HRG from a "friend"I can't figure out what the rationale of Severstahl is behind the no-promotion idea.
If you own 70% of the outstanding shares and are not interested in buying out the minorities +
if they wan't to float 20-25% of that participation via their Severstahl Gold unit IPO
then WHY ON EARTH would they not be interested in promoting HRG?
They can't sell HRG via their IPO at a valuation of 1.50-2 when we are still at 0.80.
And once their IPO is done they would have sold 20-25% of their position by selling a part of Severstahl Gold to the public. So their window of opportunity is between now and IPO date.
I really don't understand it...
Any input is very much appreciated!
Thx!
Best regards,
Bart
ps: can someone post the level II ?
pps: Chris where are you? :-)