Here is what Putin has to say...LOL very loud!5rs3Remember what I said a bit ago about Putin saying Russia wants foreign investment. Well here is a short article about what Putin had to say. Everyone here should see the humour in this one.
Seriously: if you want to do something, write to your federal politician, or the Prime Minister with the story of HRG and how it seems to conflict with the following, in the sense of how Canadians are being treated, and ask what they are doing to protect us. And then send off a question to Putin, asking if HRG represents the new attitude he speaks about??? LOL. I think someone might pick up on it, who knows?
As for the latest: well they appear to be trying to hold the price down, so they can justify an issue or some such at a ridiculous low price. I repeat, as smart as some claim they are, this is really dumb on their part. Way more money in becoming a world leading gold miner at this point, and they are doing a classic little greedy move. Let them plot away, grovel for shares, and look stupid, as the rest of the gold sector passes them bye and grows. Who will want to do business with them, in the end. The competition will have the edge. As well, even Putin seems to be learning, that in the end, you can play the games, alienate everyone, and then be left to yourself, as Brazil, India, China and others get the investment. These Russians will never learn it seems, and are dooming themselves to long term poor results, with a very few greedy folks doing well there while the mass gets nothing. Without foreign investment they will remain small players and they are well down the path to keeping much of it away. This HRG is just one small example.IMO
Meanwhile: HRG tries its hardest to keep the share price down. Do you think when gold goes up another few hundred HRG might say something like: uh du we the management and BOD got together and noticed that the precious metals prices are going up, and were trying to figure out how that effects us. We phoned Putin, and mentioned that we were a public company already, and could not understand why he wants foreign investment when we have been working hard to get rid of all the foreign folks. Our job, in spite of rapidly rising gold price is to keep the share price down, how can we do it? uh comrades, we have a conflict. Screw Putin, we are moving ahead with OUR plan. Down with minority foreign shareholders. Sever all the foreigners!
Read and laugh:
https://www.kyivpost.com/world/48920