GREY:HRIVF - Post by User
Comment by
ccharlwoodon Oct 09, 2009 1:14pm
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Post# 16377599
RE: RE: RE: RE: RE: Charlwood??
RE: RE: RE: RE: RE: Charlwood??
Hi Kee000
It's not a matter of trust, but more a matter of objectives being aligned. Clearly in the past, Severstal's goals were not aligned with ours. Their focus was on owning our shares more so than it was promoting HRG. They have invested 10 months now into trying to get all the shares, but it would not make business sense to invest another 2-3 years to do so - esepically when POG and debt reduction is working against them. Now that they have realized they can't get our shares, from a pure business standpoint, it make sense to realize on their investment. I believe they are now starting to make plans to do so. The Q3 release along with any financing/debt conversion announcement will be very telling.