Post by
cjsell on Jul 27, 2010 8:35am
Severstal news
Severstal has taken 50%+1 of Crew Gold as of yesterday. Their stock price has been rising from low $10 to $12.50 on the London exchange. Things are on the move, lets see what they do with their IPO. Remember Crew needs tons of cash to fix up their balance sheet, and is a producer, but has more OZ in the ground than HRG.
Lets have some news from Igor, he is just about overdue.
CJ
Comment by
Gbug1 on Jul 27, 2010 2:26pm
I did not expect this to happenIf I remember correctly, the russian was hopeless after EDV had bought a 37% stake. this is unprecedented
Comment by
spring2010 on Jul 28, 2010 3:06pm
Unfortunately Crew and Severstal have failed to mention or acknowledge that purchased 209,389,500 or $73 000 000 counterfeit shares on the OSE exchange as they bought after the ordinary settlement period. Had they picked up on or before July 23, 2010 you would be correct but they did not.