GREY:HRIVF - Post by User
Post by
discern1on Mar 03, 2011 11:33pm
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Post# 18229854
No Nord Gold IPO in 2011
No Nord Gold IPO in 2011
See the link.
https://www.cityam.com/news-and-analysis/nord-gold-unlikely-retry-london-float-year-severstal-looks-growth
The management at Nord Gold continues to be unclear.
The article quotes the CFO, Kulichenko, who according to Nord Gold documents is a director of Nord Gold but acts as the CFO of Severstal.
This doesn't surprise me that corporate structure is still enmeshed.
I see two positives from the article: #1 Nord Gold is talking to the media and #2 This quote:
“We really need to focus on integrating the company and showing to everybody that we are able to deliver both volume and value efficiency in the business.”
If Nord Gold/Severstal wants to prove their ability to increase value, I will heartily concur. They need to begin with their most important asset - HRG.