GREY:HRIVF - Post by User
Post by
discern1on Sep 11, 2012 2:44pm
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Post# 20348790
my minimum buyout target
my minimum buyout target Nordgold has all but admitted that High River Gold shares should be 1/3 the share price of Nordgold.
Deutche Bank has performed a review on Nordgold and values it at $7.10/share with a buy rating.
Therefore, High River Gold shares should be valued at a minimum of $7.10/3
or $2.34/share.
If Nordgold offers this to investors, I will not be happy, but I will walk away from this chapter in my life.
I don't know why it takes High River Gold directors so long to come up with a fair price when there are currently four brokerage firms already covering Nordgold substantially.