High River Gold Mines Ltd HRIVF

sell price

[ccharlwood]

I own 5.5M shares and my tender price is $1.

I am amazed at the short sightedness of Sevestral in wanting to take HRG private cheaply. A canadian listing with access to Canadian financings would be a good compliment to financial resources in Russia.....and a good platform for their broader Gold business aspirations. Had they done another $50M financing, they would have owned more than 80% of the business and gained impressively from the increase in share price. I suspect the price would have increased to $.50-$1 (similar to Novagold run) and made them many times their investment. Also, I am disappointed that they can use Securities Exchange rules to their advantage by holding back financials and threatening delisting. The Securites Exchange rules are meant to protect shareholders. In this case, the rules are being used to stall critical information. The Securities Exchange should be forcing them to put out financials with a caveat that Berezitovy numbers are suspect. At least it may expose the positive cash flow from rest of business that they are likely trying to hide. Many calls/complaints from us shareholders to Securities Exchange on this topic  may help.