High River Gold Mines Ltd HRIVF

RE: 590,193,673

[glorieux]

The share float here is big I will grant you that but there is a floor at 0.18 put in by Severstal, so why would it go any lower??    I did not add to my position today, but the thought of selling never came into mind.  At the current share price, there is no downside and the upside, although not as great as I first thought, is still very good.  POG is holding and has a very strong base around $950, just 5% shy of the 1k mark. 

I believe the general markets are in for more headwinds and the indexes will trend lower and people will turn to gold for safety which will probably push us over the 1k in the near future.  Our mines are producing where we can pay all related expenses and manage debt without selling our shares of DGC, DGC is increasing in valuation, at some point, we could liquidate and payoff a big portion of debt...Yes Severstal and BOD are surpressing S/P but company is still moving forward and if Severstal is serious about acquiring the minority shares, they better do it quickly which means offering more than the ridiculous 0.18$.  Again, no way am I thinking of selling and if some idiots do drive this under the low ball price of 0.18, I may be a buyer again although GMP were very hungry today and never let the price drop below 18.  They even had a few iceberg bids today, always love to see those from institutions.  I was dissapointed that Cormark/Sprott sold some shares today but many reasons to sell, only 1 to buy!!


Glorieux