High River Gold Mines Ltd HRIVF

Press Release re: Nord's HRG offer

[ccharlwood]

HRG Shareholders,

Please see the link below for the press release I put out out today regarding Nord's offer for HRG.

https://freepdfhosting.com/8ed584c41b.pdf

Chris Charlwood

[e-mail]

604-718-2668

[packerdriver]

Thank you (again) Mr. Charlwood. Followed your instructions (again;)) Best Regards!

[adam09]

With al due respect to the opinions of C. Charlwood re the value of HRG versus Nord Gold, any way you turn the numbers, 0.285 (share swap factor offered) of S 4.80( value of Nord Gold) is only $ 1.368 given to HRG shareholders. The suggested 0.333 share swap that C.C. would prefer is still a pittance ($ 4.8 x 0,333= $ 1.598) to what the real value of HRG is, recognized with its actual financial

[peego]

You got ur numbers a bit wrong. $4.80 is the price of nord shares, but they have way less shares outstanding than HRG. I can't remember how many shares they have outstanding, but their market cap is around $2.5-3B ish... I think... you can't take 50% of $4.80, but you have to go 50% of nord's TOTAL market cap! You're doing an apple to oranges calculation/comparison. You have to do

[WolfgangE]

The comparisons of Nord vs HRG have been done already ad nauseum.  I am trying to keep it as brief as possible in order to make my point: Nord:  4.80 recent quote   359 M shares, of which 10.9% are float for 1.72 B $ CAP HRG:  Now 1.43 recent quote, 840M shares float approx 1/4 of that, say 210 M sahers, for a cap of 1.18 B $ At present the Mordy offer would translate into

[WolfgangE]

The comparisons of Nord vs HRG have been done already ad nauseum.  I am trying to keep it as brief as possible in order to make my point: Nord:  4.80 recent quote   359 M shares, of which 10.9% are float for 1.72 B $ CAP HRG:  Now 1.43 recent quote, 840M shares float approx 1/4 of that, say 210 M sahers, for a cap of 1.18 B $ At present the Mordy offer would translate into

[ccharlwood]

Hi Adam09, At the bottom of my Press Release there was a link outlining the calculations of a share swap. Here is a link to an updated version. https://freepdfhosting.com/60a0535afa.pdfI stand by these calculations as you can't just take a percentage of share prices. You need to contemplate share counts and market caps of each company. We could debate whether 50% of Nord's total value is