GREY:HRIVF - Post by User
Post by
metalmaniakon Feb 03, 2010 4:41am
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Post# 16746726
Conversation with a big holder
Conversation with a big holderHad a talk with a guy who holds a big position whos been talking to the funds.
He said that if Severstal tries something tricky, all the funds including Sprott will not tender, and even upon an unfair squeezout they wont sell, as under Canadian law they have the right to go for a fair value in front of a Canadian court of law.
They actually hope this happens as then, they could get a fair market price in the area of 2.50- - 3.00 dollars per share.
I hope to join them if this happens. Im sure Charlwood knows about this.
I added a bit more yday but someone lifted the market unfortunately. Things culd not be any better IMHO. Gotta buy a bit higher unfortunately for me. Probably goes to .80 today.