High River Gold Mines Ltd HRIVF

My Grasp of the Scenerio

[AlexStock1]

Hi guys, first of all I signed up minutes ago but I have read this board (specifically HRG) for months now. Some really good posters here, hopefully I can also provide some decent insight.

I "discovered" High River Gold at .38 back in October I think it was and began doing research. I finally bought in at .75 because I am convinced it is undervalued 3 - 4 times in actual value, but if this stock was given a bit of hype like a normal stock, I think it could trade in the $4.00 - $5.00 amounts.  I bought in about 2 weeks ago. I know I don't need to go into why this stock is undervalued as this board is pretty knowledgeable, but when the main shareholder values its investment at 3.9 billion which comes to around $2.50 a share once you do the Math that has been done hundreds of time on these boards, you should have an idea of what the stock should trade at.

Here is what I think is going on:

Severstal the main holding company wants to keep the price down so they can take back the shares from Troika at a cheaper price. This is the reason the stock has stayed so low, so long. Unlike so many posters here, I am a little unsure that Troika is actually in cahoots with Severstal. Reason? Because the April 2 deadline has passed already, and the shares have not been bought. I honestly think Troika is also waiting for April 15 to see the audited statements and is hoping the share price balloons up like it should. That's the only way I can justify the shares not being transferred.

What I cannot understand is why the volume is so low. Is everyone just holding on waiting till April 15? I know HRG is the very definition of zero publicity, but shouldn't this stock be traded a little more than the current volume suggests?

I really want to hear more opinions about this.