GREY:HRIVF - Post by User
Comment by
metalmaniakon Feb 16, 2008 3:28am
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Post# 14383579
Prognoz, management and share price
Prognoz, management and share priceWhalen is a pumper
"we expect to get bought out" remember
Great assets not so great management, that is why we are trading at a tremendous discount. This will not be bought out unless management allows it to. I suspect that after they spin out Prognoz and likely get a nice piece of it for their personal account, they will be more open to a buyout.
Once Prognoz is spun out, Russian assets become irrelevant as they will have a very old producer and a marginal 100k producing mine. The value will be in Burkino and that is what is most valuable.
Prognoz is a gem and mgmt know it, that is why they are swindling it away.
Even with all this, HRG is a 6 dollar stock, so we can complain, but its a steal and will double our money from here.