GREY:HRIVF - Post by User
Post by
Power1on Feb 22, 2009 9:28am
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Post# 15796004
Another uptick
Another uptick
THe presentation gives me some hope Severstal interests may not be as I have assumed. Possibly they are doing what is needed by not setting market expectations high and failing to deliver. Credibility is the biggest egg on HRG's faceand the best way to erase the past is to exceed market expectations. In essence, no pumping, present the facts and deliver positive developments to advance share appreciation. Just possibly, they will advance HRG and use it as a vehicle for further expansion.
Reading into the last news release whereby Taparko not capable of hitting initial design capacity may be a chess move in favor of RGI debt renegotiation. Those PLG shares represent the necessary capital to provide an nondillutive resolve to HRG's immediate cash needs. RGI's debt costs also less than favorable with increasing sliding scale with POG and is in U.S dollars.
If HRG can rework or find a lender to take over the debt and release the PLG shares I believe we can go up substanitally from here. PDX and PX shares are worth .065 per share stand alone. That values the rest of the company at .075 a share or $44 milion.
Somethings gotta give soon. Let's hope for the least dillutive resolve