High River Gold Mines Ltd HRIVF

RE: Share Price being held at 0.11 cents

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From past history it usually means a financing is being arranged around that price.   I suspect we will see another financing in the 10-12 cent range for at least 100 million shares.    This is my opinion from past experience.    I expect we could see a little pop back to the 14 cent range a few days before the financing is reached and then back down to trade at or just below the latest financing price for an extended period of time until the new numbers come out and mining operations are reported on, then things could go either way.  I have a small position in HRG and tend to trade in and out during the spikes.     My belief is we will see better production numbers this year, costs will trend down and gold will continue above the 800 dollar range to allow for some adequate profits.   With current uncertanties fair value for me is 13-14 cents.   When things settle down if they ever do, I expect to see a move into the low 20 cent range, maybe as early as Mar of this year.   Any move above 20-24 cent range will be dependent on a higher gold price or substancially lower costs,  improved mining and if were lucky the market giving better evaluations to junior gold miners.   The credit crunch is on, does not matter how much money your company can make, if you owe money and you can't roll over the loan your screwed.    Every dime will be squeezed out of the  company by the vultures that lurk to screw the general public who own these companies.   Its there job and they do it well.   If you can't make money by loaning money then they have to make money by not lending money and thats waht we are seeing.  If a company with a good cash position does not own a good chunk of the company trying to roll over loans I wouldn't touch that stock with a ten foot pole.    The chance a white knight will come in and fund the company is near zero.