GREY:HRIVF - Post by User
Comment by
discernon Mar 31, 2010 8:40pm
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Post# 16946861
RE: RE: RE: RE: here are the highlites
RE: RE: RE: RE: here are the highlitesI realize that too, however, normally Severstal has been quick to quote the bad news and bury the good. I figure that they would have mentioned the bad as well (i.e. the death) if they want to keep the price from running. At this point, I wouldn't be surprised if the auditors did not allow the Prognosz write down. Severstals gold report did not include it.
Perhaps they will include the $10 million write down of the mine they wold. However, they are also talking about further drilling and mill life which they have never done before. I'm taking this release as a good sign for the future.