GREY:HRIVF - Post by User
Post by
metalmaniakon Jul 22, 2008 6:21am
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Post# 15315714
Things are happenning
Things are happenningManagement doesnt need to address what happenned on Prognoz. It was struck down by shareholders, period.
Pretty clear that they were spending money in developing Prognoz, rather than Bisa with the intention of spinning it out to themselve and friends. Shareholders said NO!
Now what happens?
Either HRG will buy out the other half of Prognoz, with new shares. This would be a great purchase even if it meant dilution at these levels. This is a crazy asset in terms of size and grade.
HRG sells 1/2 of Prognoz to a 3rd party, for shares or cash at better valuations.
Word is there are at least 3 willing buyers for HRG assets at the moment.. Things are looking great.
Buy as much as you can at these levels. Shares should at least double.