GREY:HRIVF - Post by User
Post by
cjsellon Aug 17, 2010 7:54am
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Post# 17356272
Severstal news
Severstal newsUralsib bank reported today that Severstal has reportedly found a buyer for its US steel assets.
So, now we know how Severstal is cashing up to buy Crew, and pump more cash into HRG. So, for Severstal they cut their losses and take whatever cash out, and plow deeper into the gold business. Sould be an interesting next couple of months.
Up we go, just not sure how far, and fast. I would agree though, that a buck is right around the corner. We still need more positive news, and there is more coming.
CJ