Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Jan 28, 2009 11:21am
277 Views
Post# 15733563

RE: RE: RE: RE: Severstal would be nuts to play ch

RE: RE: RE: RE: Severstal would be nuts to play chWhat I meant. Many here are speculating that they will do this or that, and they may well be correct. Few it seems, take the view, which I am not saying is the correct one, that they may fund as required but with the general plan to take the share price higher, by the "traditional" means, which is to promote, get good news out etc. I think we may get a news release, but am not fixated on it one way or the other. I think they want value on their investment, bought the shares with the intention of buying in at a low price and seeing the price rise in a gold and silver bull market. The exact methodology they actually apply of course depends on many factors, but the difference is that I think they are going to move the share price up under basically this structure, with as little dilution moving forward as is required. Now this is just an opinion, I will not be surprised if I am wrong. However, say I am correct. Then you would/might acquire on pullbacks, and wait till they get such a plan into action. If I am wrong, then it goes some other direction, but still, I do not see, after any emotional response either way to any news, now, next week or even later, a basic change in the premise that this is severely undervalued, IMO, thus having an upward bias over time, whatever the case. I certainly see many reasons for them to get the share price moving up, as with their position it could/would represent possibly a substantial increase in valuation, and an ability to lever same. As for the debts. I do not see them at this point, excessive AT ALL.  Just look at what it costs to bring four producing mines into production ANYWHERE. It may be a tough financial environment, but some seem to forget that they did this deal in the middle of it, and have seen an increasing gold and silver price since that date. Of course this is my opinion. I do not buy the negative slant some here now project. I see this as moving along to reflect value, staying public, or possibly getting taken over, but in EITHER case, with a much higher share price the result. Thus I hold and buy. When I see any actual substantial deviation from this I will review my situation. NONE to date, just board talk, as far as I am concerned.
Bullboard Posts