High River Gold Mines Ltd HRIVF

Scluri

[missouriminer]

   I know what you mean it is very frustrating to see the SP drop on strong Gold days, I don't mind so much on down Gold days as it provides all of us(Severstal included) great buying opp. Someone posted here awhile back that the actual float avail. and trading is about 10mill. When you look at the past weeks volume the only logical theory to me is that one (Severstal) or more of the larger stock holders either Institutional or retail are manipulating the SP in an effort to bank as much profit as possible before the IPO. I for one do not attempt this as my feeling is that once Severstal is ready the promoting and unknowns (Prognoz, Bissa etc.) will be known and the SP will not only rise but will gap up. I love profits as much as anyone but I'm not risking losing out on the big payday trying to make peanuts by trying to time the in and outs. As far as the new CEO I have researched it to some extent and found he has exp. with IPO's and to our benefit provides evidence if needed down the road in a court under a conflict of interest charge. Severstals bread and butter has been the steel industry, to put it lightly the steel business is in deep trouble worldwide and Severstal is worse off than most. They need this IPO to work and work well, I believe the future of Severstal depends on it and this fact plus my trust that the other funds (sprott, Canadian pension fund) and the minority retail investors will continue to exercise fortitude until such time as HRG's true value is realized gives me the confidence to hang in there till the end.....It is an emotional roller coaster.