GREY:HRIVF - Post Discussion
Post by
james2001 on Jul 18, 2012 7:38pm
bs offer
I would doubt none of the funds are selling into this offer as they stated last year that 1.50 was far too low
for them to sell. over the last year whats changed.....larger retained earnings,another mine close to production and a valuation put toward prognoz based on recent share sales. dont forget that the reserves of
prognos is based on only 3 of the 35 veins known.safe to say that that prognoz alone is will be worth more than this offer.
they may get some of the russian large retail investors to sell but I doubt they will get the funds to sell at this lowball offer.
I doubt that they expect to get the 90% with this offer .....however they will harvest more shares.their strategy of manipulating the share price and keeping it in the 1-1.20 price range for a year and then offering 1.40 may work on some but not me.....I prefer to keep shares and sell when the funds do.
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