Post by
hrgagogo on May 06, 2010 2:40pm
SEVERSTAL - SC__MS
I rarely post, however, just want to say, it really burns my a_s, how sc_mstall can keep pps down until IMO, they decide their next move. My gut feeling, as I said before is buying out Toika, and by the way its trading, could be at around this price - .80.
What I do not understand, and please someone explain, is how the current funds, i.e. Sprott, etc, are not buying at these ridiculously low prices in aticipation that at some point sc_mstall, either after gaining control of 70% with Toika shares, will start to promote HRG and get it to the true valuation? Many of us minority shareholders, including myself, are tapped out and cannot buy more at these ridiculously low prices, but what is wrong with the huge funds who can drive the pps up to Severstals detriment if they continue to persist with these games. Look at Endevour and see how they dealt with these russian ba_t_rds with regards to CRU.
It seems that these funds always jump in when prices reach the $2+ levels. Most of these funds who had bought HRG a few years back had bought at 2+, however, knowing that HRG is currently, extremely undervalued, who do they not average down. What is stopping them? Is it something that funds are legally obligated not to pursue a stock unless it exceeds a certain price level and cannot do anything about it to their detriment.
Comment by
Honkeybill on May 06, 2010 3:18pm
Some funds have a mandates that prevent them from buying stocks that are below a certain price. Most large funds will not buy a stock that trades for less than a dollar, and some even have a 2,3 or 5 dollar threshold.