High River Gold Mines Ltd HRIVF

RE: HIGH RIVER HOLDINGS

[jollyone]

HRG has got to be one of the cheapest gold producers around. Like most you, I was disappointed with the 38cents pp when it was first announced and the games Severstal played to keep the sp low. Not any more. By keeping the sp down, Severstal has made it easy for me to acquire as many shares as I want., which I have done so. The only way you can negate the harm done by the pp dilution is to buy more shares at this low price.

Severstal has done a good job in operating the mines. As a result , HRG should be able to pay off all its debt shortly with the cash it's able to generate from operation, and to grow its operation once again. Severstal has taken away most of the risks in investing in this company. So why are you not taking advantage at this present price? Severstal can only buy this company from you at a cheap price if  the majority of you decide to sell at that low price. Otherwise, there is no way it can do so. If enough of us are buying, then Severstal may be forced to give up with its sp manipulation,esp. if it's losing too many shares. Then, maybe it will run this company to the benefit of all the shareholders. With almost 800 million shares o/s after the close of this pp, maybe the mc of HRG  has grown enough for it to be added back on to the TSE 300 again, which will provide much needed liquidity for this stock.