High River Gold Mines Ltd HRIVF

Reality check ?

[uncoverer]

Regardless of all this muscle talk on perceived HRD value including shares held / expressed insisted price,
the fact is the loans are still outstanding and in our face. Is / will HRG be in violation of debt covenants. 

1. Did the end of May deadline get met on the one commitment. If so, by whom and where's the PR. Did Severstal pick it up and at what price??? or did HRG get another extension or find some way to cover it on their own ?  

2. The bigger drop dead June deadline is also fast approaching.If no-one steps in except Severstal is it game over ? Their price is your price ?.If so,  Bissa results prior please. 

Again, the Detour Shares are locked in to the Royal Gold obligation no ifs / ands / buts.

[glorieux]

thanks uncoverer for reminding us of the other side of the coin.   We do have debt which is partly why we are where we are but 120M or so of debt for someone producing 250K ounces of gold per year should be very normal.   Agree the tight dealines that we are operating under for the debt covenants in May and June may be tight as the very high price of gold and our low cost of

[Olderwisernow]

The answer to ALL of this is really not that complicated, but is made so by our BOD and management.IMO ANY good management team and BOD with THESE assets and liabilities could work out an ongoing plan. MAKE NO MISTAKE, THAT IS THE ISSUE AND THE TRUTH. So what you are left with are an unpleasant set of choices IMO: 1. As many speculate, IS Severstal and their closely associated BOD and management

[hrgagogo]

Question.  ARE all the mid tier to large tier companies that are actively looking for potential take over candidates, and I mean, Canadian or American, not seeing whats happening here, and why would they not take this opportunity to make a bid for HRG.  Am I missing something, are they afraid of these Russians or are they just waiting to see what these ruskies will bid, then they will

[peego]

I think severstal being the majority holder can basically vote down bids from any third party. Correct me if I am wrong. Thanks.

[drichard53]

Hi Not sure if you are correct or not, but if they were to turn down an offer of say $1/s, would they not have set the low value of the company higher than the offer? I would think such an occurance would be a good thing.

[ThyFish]

If the HRG BOD and their independent evaluation committee come back with a low ball value or offer, could a third party not increase that offer?  Wouldn't they be caught with egg on their face if they didn't accept something much higher then what they are willing to offer?

[uncoverer]

Considering who we appear to be dealing with in this context, Severstal prob.controls or can effect the outcome of any other offer with their 53 %.If one was another party interested in HRG, one should naturally "try' and deal directly with the "independent " review committee.One would assume that if the offer is so called "better" then