High River Gold Mines Ltd HRIVF

RE: RE: NORD keeps going down HRG Up, Why?

[jmr9757]

Fortunately, Nord's problems don't really matter to the long-standing a value seeking HRG shareholders.

 

None of us are going to accept owning NORD, so we're looking for cash.

 

A  bid by Nord is an Insider bid and will require majority of minority sharehulder approval AND a formal valuation report, which will have to be highlighted in the bid circular sent to shareholders. The formal valuation relies heavily on DCF and you'd have a hard time saying HRG is "fairly valued" at less than $3.00.