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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Severstal bidding for all of Crew
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Post by metalmaniak on Feb 25, 2010 4:00pm

Severstal bidding for all of Crew

https://www.reuters.com/article/idAFLDE61O2FO20100225?rpc=44
With debt, bidding 800 MIL...lol
Whats HRG worth? Bought more today.
Comment by ThyFish on Feb 25, 2010 5:27pm
Thanks metal.....to be clear Severstal has bid .20 for around 2 billion shares (400 million) and crew has around 398 million in debt.  That means they are willing to pay 800 million for CRU and only what for HRG??Does anyone know the production numbers for CRU?  How does this compare to HRG?It looks like they really need to own some producers for whatever plan they are trying to hatch... ...more  
Comment by cjsell on Feb 25, 2010 8:21pm
If I am not mistaken Crew has 300+ million in debt, gold sales 150 million or 150,000 oz.  but has maybe 4 million oz of reserves and has a big land package.  Equipment at the mine sites is older and Crew wanted to upgrade/replace equipment in order to boost production....but no cash.  Survived by selling off (fire sale) assets around the world.  When the music stops there won& ...more  
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