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High River Gold Mines Ltd HRIVF

Metals & Mining Gold


GREY:HRIVF - Post by User

High River Gold Mines Ltd > Board is maturing
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Comment by factoryon Jan 06, 2010 1:54pm
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Post# 16645340

RE: RE: RE: Board is maturing

RE: RE: RE: Board is maturingI totally agree this company has value. But I don't like their debt situation still. The last placement added 150M shares at
.38/sh to the float with only $57M in new cash. Only $27M of which will be used to reduce debt. Leaving well over $130M in debt. Polenica got a sweet deal. Not so sure the rest of us did though. This stock is trading on high hopes right now. IMO, it has no business over
.50/sh at this point in time.
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