High River Gold Mines Ltd HRIVF

Sprott and funds wont sell below 1.50

[metalmaniak]

crappy translation from the Reuters. Severstal says it wont make buyout attempt.
This is fantastic news as HRG if left alone will get to 3 dollars.

Now we are very borrowed by the projects connected with development of business and improvement of manufacture. We are not going to do the offer about the repayment of all remained actions High River ", - the general director Severstal Gold Nikolay Zelensky in the comments sent ?????? by e-mail has told.

Zelensky's comment became the answer to the letter widespread by the last week ???????????? High River - among which were Sprott Asset Management, Prosperity Capital Management, Specialized Asset Management and Firebird Management - in which was spoken, that these ??????????? will not accept the offer about sale of the actions while its price will not be fair.

By, in their opinion, the level 1,5 canadian dollars for the action, that more, than twice more than a current market price (0,66 canadian dollars) could become such.

[NaturalCurrency]

metalmaniak, do you have the link to the original news?

[NaturalCurrency]

And by the way, Nikolay Zelenskiy who we thought was booted out of HRG, is now heading Severstal Gold. We were wrong in assuming that he was made to walk the plank. He was being prepared for a bigger role.    

[MightyWingman]

https://ru.reuters.com/article/businessNews/idRUMSE61O1HK20100225?pageNumber=1&virtualBrandChannel=0 NC, not sure but I found the above link. I think this is the original article Metal was referring to.... Wingman

[NaturalCurrency]

Thanks MW. Here is the google translation of the entire article. Where is the letter from funds which says they will not accept anything below $1.5? Never saw that one. It seems that instead of paying the true price for HRG, Severstal might decide to go ahead with an IPO with their 51%. Good for us as we will participate in the upside. Polina Devitt MOSCOW (Reuters) - One of the largest