High River Gold Mines Ltd HRIVF

RE: investor sentiment

[Power1]

Good assessement. 

Severstal could write a cheque today for all the debt and it would barely put a scratch on their cash position. However, that would not be prudent business practice and is very unlikely.  I'll bet dime on the dollar they modeled various scenarios to determine what adjustments are necessary to turn HRG cashflow positive to be followed by profitability (hopefully this fiscal year - Q4).  They finally have some strength in the accounting office and I believe will be less reliant on shareholders to fund operations

HRG is in a position of strength with Seversatl backing to renegotiate debt.  It will happen!  It will just take a little time for the parties to agree upon the term sheet(s).  I would not be surprised to see an announcement in advance of the January 31 commitment date. 

Yes there are still risks and everyone should complete their own d.d I;ve been around HRG for a number of years and I can honestly say this is the first time I have actual confidence that MGT will do the right thing moving forward and shareholders will know the rationale behind decisions. 

I've seen a lot of stupid things occur with this company over the years.  Almost everyone left me scratching my head.  Vageness created a lot of speculation both up and down. 

Too bad the Play Traders are back.....lots of artifical volume!