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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Bullboard Posts
Comment by Olderwisernowon Jan 29, 2009 4:28pm
240 Views
Post# 15738262

RE: RE: Severstal made a great investment96z

RE: RE: Severstal made a great investment96zMy opinion has not changed. There are any number of scenarios, many mentioned on this board, as possible explanations of the share price, the action, the range etc. Nobody here seems to know the answer, which in itself might help explain it. Nervous investors, looking for certainty that does not exist.
The play here ironically is because of this. Some here feel that HRG is undervalued ( I among them) and are waiting to see how this unfolds. Others see sinister plots, manipulation and intrigue.
In any case, the share price either represents very good value because of this, or there will be dissapointment for those  expecting a bump.
I do not expect much of anything short term. I see this as value, with issues, which the new management are working through. But at ANY time we could get news, we could get a gap up, or down. Over the long term I see value and a rising price. These days everyone wants instant gratification. The easy days are long gone.IMO We are back to risk, reward situations, with volatility. I bought shares here because, bottom line, I see gold continuing to rise, along with silver, but within a volatile pattern. This stock I see, as having a great chance of resolving the issues it has, and getting production up to hundreds of thousands of ounces a year, with costs brought in line. Am I right or wrong? I think good chance of being right, but easily could be wrong. The reward is in the speculation on such situations, and being correct of course. Here, downside is what? 0? I doubt it, but anything is possible. More likely in a poor result: .05. On a good result, the upside could be enormous, percentage wise.IMO 10 times or even more, if all works out. IMO
People think they can sit and work through the numbers and come up with a price. But they can't. That should be very apparent by looking at the history here. Now when its down, they see little up, and when up, they could not see this far down.
If gold runs, and people move into gold stocks, as I think is starting to happen, and this managment completes sorting out the issues, HRG goes way higher. I do not see why these owners of many shares would not see this as well, and take advantage of such a possiblility. They have nothing to lose in the sense that if they do not keep it public, they actually limit, in my view, their own flexibility and potential to profit. But that is my opinion.
So current action: it just reflects all the uncertainty. Which is also why this could gap up on any news which appears to resolve the issues at hand. IMO
Bullboard Posts