High River Gold Mines Ltd HRIVF

RE: RE: Russian gold unit Severstal eyes flotation

[Mongoose123]

A reasonable interpretation from a high level standpoint  Bart!  And you are correct that Severstal will want to maintain control after an IPO - Mordashov already controls over 80% of Severstal through his direct share ownership. Not likely that he would want to lose control of his most profitable division. His extreme debt situation clearly works in our favour. 

 It will also be interesting to see how the Troika aspect plays out.