High River Gold Mines Ltd HRIVF

debt/offer

[ccharlwood]

Looks as though internal cashflow paid out the $15M due in May as nothing mentions this in the current release. If this is correct, then the $10M about to be paid out is to Nomos and therefore reduces the debt pmt obligation to $12M for the rest of the year. Very manageable. In prior releases, HRG said $15M was due in May and $22M for rest of year.

Of course, the way to fight Severstal is not to sell/tender your shares. A resounding NO will bring their price up and by mid August we should see results of Q2...which should show reduced debt by $25M and a $10-15M profit.

[Olderwisernow]

Logic would say this is correct. However, we are not dealing with logic, we are dealing with manipulating folks, who I think will see this issue, and create an expense. For example: shut down an operation and "fix" the vibration problem. Or whatever. Everyone seems to forget, that these guys understand these issues, have lawyers and are on this to screw you.IMO So they will address this

[goldlust]

I agree with a previous poster, time is not on their side so whatever their plans it will have to unfold fairly quickly!