GREY:HRIVF - Post by User
Post by
crukkhon Aug 11, 2009 12:44pm
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Post# 16209271
Future SP
Future SPJust sold my position in HRG. Why? I took a good look at the management and board... and you know what? These Russian guys are there not to increase SP or pursue exploration. They are there to advance Severstal interests, whatever they may me at any given time. Look at their credentials - it's LAUGHABLE that these people (yay, he speaks English, french and Italian!!! How great! Does he know anything about Finance???) sit where they do.
If quarterly results are good, that would be AGAINST what the current mamagement is doing.
Russian "subsidiary" of HRG has always been not under HRG's control de-facto - it lived its own life sucking out the blood out of HRG. This is not going to change; it's like a black hole.
All strictly IMO, based on my DD.