High River Gold Mines Ltd HRIVF

RE: RE: RE: Re: I'm done

[Power1]

I've been riding this one for years.  Fortunately A little bit of recovery off the .05 level but I'm 100% out now.

Problem is, unless they get debt financing, I believe outstanding shares may creap up to 800 million.  That would be way to many shares to warrant any substantial appreciation in share price.  If they want to keep the listing they'll have to do a rollback........we all know what that means for share price.  If the banks don't roll over, HRG will need a minimum $50 million.  I think if this occurs Severstal will just proceed to take it out.

Anyhow I'll be watching with interest.  Have moved to gold ETF and still believe the outlook for HRG will be set at the end of the month. 

Good luck