High River Gold Mines Ltd HRIVF

Severstal has lost a billion. Losers

[1marketmaker]

[katchum]

This doesn't follow the gold price anymore, now people will ask: what's wrong with this company?

[espressostretto]

Not certain, but it could be Severstal has lost nothing on paper.  As a controlling shareholder changes in market value of HRG shares probably don't affect Severstal--it is probably reflected at book value (marked to net asset value per share on actual financial statements) per equity method.  Don't quote me on that--the feeling of increasing sickness with HRG activity

[bart_dc]

you're right espresso,Severstahl doesn't care about the stock. They run their business and have their equity position indeed at book/aquisition value.(Small) investors are the ones who get scared... and they are the ones complaining that the big boys screw them.Well, let me tell you this, they screw themselves... by being scared out of this stock...Cash 300 millionMarket Cap 825 millionEPS

[katchum]

What I'm concerned about is, what if oil prices go up faster than gold prices go up?Anyway, I was forced to buy more. I sold some oil and gas stocks. Probably the dumbest thing to do...

[bart_dc]

upside in HRG is higher than oil stockseven if higher oil prices dent the EPS of HRG than still it is a damn cheap stock.ow well, I'll stop talking about how good HRG is. It's no use, I can't stop people making dumb decisions.