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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Nov 22, 2008 2:22am
415 Views
Post# 15603589

RE: RE: RE: NEWS!

RE: RE: RE: NEWS!We are on the same page exactly. Before, we all did our own analysis, or some traded it on the charts, some on expectation of metal price increases, leverage, assets, rumour or whatever. BUT as you say, right now, we have someone who just invested at basically twice the current price who is not only in the business, but has a whole world of alternate discounted opportunities out there, BEGGING for funds. Where do they put their money, and at what price? Whether this thing runs up next week, a month from now, or even longer, it really is hard to find such a compelling opportunity in this sector. They are not going to let it go bust either. And the absolute kicker here, besides getting it now for 1/2 what they were willing to pay, is that metals really do look to assert over time. Once again, volatile, maybe up and down on any given day short term, but long term....  the U.S. is seriously in deep trouble. Even if a person does not believe the doom and gloom projections of some, they will be VERY hard pressed to explain HOW the U.S. is possibly going to pay down the current debt load, which they are increasing from already very high levels, to astronomical heights with the bailouts. This with the Baby Boomers wanting their Social Security, and now probably some run at universal medical plan is honestly mind boggling if one just looks at the figures. The only way I see is through monetising the debt. IE Inflation coming our way. Its not if we get it, its just when do we get it, as I see it. So short term, all of this is subject to manipulation, whether its situations like HRG here, or the U.S. dollar, or gold or anything. BUT long term, there seems little chance that the U.S. currency is going to go down big time. Gold right now is trading at ALL TIME HIGHS in MANY CURRENCIES. A point many are missing completely. Just wait till the U.S. dollar crumbles, and see where it goes, dragging silver along with it.IMO
HRG could shock people, because JUST LIKE many were surprised on the way down, they could be equally caught when it and many others move up. Prognoz being acquired 100% was not stupid. Even when roads and other infrastructure appear to cost too much today, it could change just as fast when governments start to strike deals on make work projects for employment. What better than roads that create jobs, and then yield revenue?
Nothing is for certain, but you RARELY get a chance to buy assets this cheap, with someone willing to protect to a large degree your risk of failure, and at a substantial discount to their investment. I am increasing my share position on every drop back here. May actually move into a few million shares more. It is just very cheap.IMO
Bullboard Posts