High River Gold Mines Ltd HRIVF

United effort

[ccharlwood]

A few of you have been posting some very good ideas in reaction to the Severstal offer. My lawyer confirmed Severstal needs 90% to tender in total, so that means just under 33% in addition to their post private placement position. At minimum, we need 11% to unite and stick to their guns and say they will not tender for under $1. We seem to have about 6%, but I suspect some of Stockhouse group will not stick to the high tender price. To be safe, we need to find at least 10% in addition to Stockhouse group that will agree to not tender under $1. 

I suggest we do the following:

1. I will prepare an ad (good idea from one poster) and post for your comments. It will have to  be concise and I will use Production05 #s.
2. I will find out what it would cost to place such an ad in either National Post or Globe & Mail.
3. Some of  you compile a list of other investor boards: North American, Russian and European where people are discussing HRG.
4. We will all help to post the ad (same text) on these boards.
5. Some of you could phone your brokers and ask where to get a current shareholder list. At minimum an updated institutional shareholder list. Supposedly difficult, but worth a try.
6. I have been referred to a class action lawyer group and could call them to gather info. However, the risk of class action is that it may hurt stock price.
7. I have attempted to contact 3 institutions that are rumoured to own a bunch of shares, but not heard back yet. If any of you know of others, let me know.

Although a class action can be our back up plan, the cheapest and most effective effort is getting a hold of other shareholders directly and showing them our valuation and request they do not tender.

[interest1]

Maybe the RCMP's accounting forensics should take a look at this.

[adammacc]

I for one have no intentions of selling at the price!!! But to be honest I'm relatively new to the stock market game and have no Idea what to expect next. Will there be a vote soon? When and where is the AGM going to be held?? Most importantly where the hell have the OSC been through all this??? If someone could help clear the fog for me that would be great. Thanks 

[interest1]

Govenor General RoomHilton Toronto145 Hilton Toronto145 Richmond Street WestToronto, OntarioTueaday, June 30 @ 9:00AM

[glorieux]

When I was involved with the Noront proxy war, we had the shareholder's list given to us by management so that we could contact every share holder and discuss with them the importance of their votes.  Most shareholders were surprised but delighted to talk about the company with a fellow retail shareholder who was volunteering his time for the cause.  I was the lead guy on this fight

[NaturalCurrency]

ccharlwood, thanks for taking lead. *Stockhouse list of 6% share is a % of non Severstal shares (about 17M) - though it needs more updation. Now that there are 590M (old) + 59 (new) = 649 shares, we need aleast 65M (10%) of ALL shares to block it. We need some big hitter shareholders. *In the voting, what about the shares do not vote? Does Severstal need 90% of the voting shares or overall

[cdnbacons]

I don't know of a lawyer but I am more than willing to make phone calls.  I agree that an Ad campaign may not reach very many people.  Count me in, my dialing finger is ready. I know nothing will happen but I sent an email to BNN, specifically Jacquie McNish and Andy Willis. I also sent a note to the OSC this morning.  Thats as far as I can go, my lack of stock market knowledge

[hrgagogo]

NC, if 65M is needed to block, and the stockhouse board has 17 and 9 institutions have 76, are you indicating that you do not know which way these institutions will vote.  If logic stands, would they not vote against, which would indicate that there is enough to  block.  These institutions bought above $1.00, so logic would indicate that they would try and get more than just .22

[Alex_27]

Hrgagogo, actually you are missing something. 1. You need majority of minority to block, so 139M shares are needed, not 65M 2. Most institutions, including Sprott have sold most of their shares back in November '08. Power has told you that already, but you chose to ignore... 3. Worst case scenario for you is if the bid fails. You'll get stuck with illiquid stock of Russian subsidiary. Take

[ThyFish]

What is your position Alex?  It seems you have an agenda....are you part of the HRG/Severstal group?  The company has a much higher value then .22. so why settle?  You talk of greed but what happens to the people that are invested at a much higher abc?  Should they just roll over for this communist type action?Your efforts are very transparent!! 

[Alex_27]

You know ThyFish, you can call it agenda, whatever, it does not hurt as long as I am correctThe comapny has much higher value, it is true. But the company has the owner, and the value belongs to them.I feel sorry for people who invested before Severstal, they lost their money under Mosher management ( if you have been around long enough you know who I am talking about). I really think you

[goldlust]

Don't count Sprott and other minority shareholders with large positions out. They wererecently instrumental in turning down Severstal's attempt to buy out the remaining sharesabout 6 or 8 weeks ago. I don't think they have rolled over as you suggest!

[peego]

"3. Worst case scenario for you is if the bid fails. You'll get stuck with illiquid stock of Russian subsidiary. Take a look at Buryatzoloto as example. Fortunately, most of investors are reasonable and the bid will succeed anyway. "$0$0$0$0How is it that if the bid fails, the minority shareholders are stuck with an illiquid stock of a russian subsidiary? If the bid fails, HRG

[Olderwisernow]

Alexy - drink another vodka and get back to investor relations work. LOL

[ThyFish]

You must be related to Alexi.....do you own any shares or maybe it is that you own a whole lot of shares.......53%??? LMAO