RE: Something going to happen hereI agree. Volume like this does not occur without a reason. I have been accumulating as previously mentioned, under $1.40 of late, and hope some others took advantage as well. Does it revisit, I do not know, but certainly would not count on it if one is thinking medium to long term. I view the short term with interest, but have never doubted that assets will assert here over time, sooner nice, but if a bit later, no big deal to me.
The most interesting development which I think everyone should be watching, is the unfolding of our world financial crisis. No doubt, this is global, and it is certainly not over. What we have to date is crazy glue, bandages and as yet no solutions. At best I see stagflation, at worst a depression or hyper world inflation. All cases point to holding, increasing and not being disfocused on the need to hold gold and silver as insurance, and potential huge profit makers at this time. Anyone who actually believes volatility over days, weeks or even a few months reflects some sea change or solutions, simply is not looking clearly at what is unfolding worldwide.imo
All this with growing consumption by emerging countries.
Oil: it does not go down for more than a traders minute or two. The long term trend is up, and all the BS tout TV talk is not going to change it. Some people seem to confuse, real inbalance and risk, with hedge fund, or other speculative bets. Traders can drive the price up, they can drive it down to some extent, but you cannot produce oil or other strategic resources from a computer or a contract. When you run out, there are limited solutions available. Produce more (when how long and from where at what cost, all years away if even possible), or , higher price drops consumption. But consider carefully. If you bring the oil price down, the consumption continues UP, so anyone telling you there is going to be a much lower oil price anytime soon is in fact predicting a huge down in the world economy, as there simply is no rational explanation as to why consumption would decline unless price stays high for some time to come. But will a recession really stop consumption rising for long??? Take a careful look at consumption growth and it will tell you. It would mean stopping forces at play involving BILLIONS of people looking to consume more, not less. So when they are touting an end, no recession, and at the same time a dropping oil price, dismiss it as wishfull thinking. If three billion more consumers keep raising their consumption per year, the amount consumed is going up. imo
What it means here: same old prediction. Short term, who knows, other than indications are already upon us that the ridiculous value now at HRG is being reckognized by some. Longer term, those holding the gold and silver see a big run, and a scramble to own. imo
HRG price goes up substantially, and outperforms many.imo Buy it while you can at low price, and IGNORE the volatility. IMO It really is that simple. How many time do folks miss buying low, and wait. Many times, because they do not view the longer term and get shaken out by volatility. HRG has had its big drop. If you like what they have, understand the risks, it is a screaming buy and has been for a bit.imo
There are those risks? Of course. Russia, managment, wierd deals etc. But is this a great speculation among gold/silver mineral situations.
Management: should be changed as you mention may be coming. There simply is no excuse, no adequate explanation offered to date for their actions. Roscan, was a joke deal.IMO It now looks to be a shell, with shell value, as it should be.IMO Some say forget the past actions. Sorry, I do not accept that. It indicates something about how these folks think. It is my biggest concern with this stock. The rest looks great.imo
Prognoz, buy out, other? I do not want to sell it. I want to see value accrue over time to the shareholders, because I think silver in particular could see huge runup from here over next years. I think HRG should easily be $5+ and taking less short term is a mistake, from my point of view. It wil be interesting to see just what shareholders will accept if any offers actually come short term.