GREY:HRIVF - Post by User
Comment by
NaturalCurrencyon Jul 05, 2010 10:32pm
581 Views
Post# 17245559
RE: RE: RE: RE: looks like we are heading to the .
RE: RE: RE: RE: looks like we are heading to the .I agree with discern3. Gold prices are just taking a breather and the notion of window of opportunity (let alone it being 'missed') is totally misleading. Severstal has excellent tail winds on this. I have read many investment bank reports and all of them either have very high valuation of Severstal Gold or are very bullish on the IPO as they think it will unlock the value for severstal. Dont forget they participate in the book building process in an IPO and if they are bullish, it bodes well for the valuation.
Now I will go out on a limb. I have great respect for prouditalian. He has been on this board for long and was part of minority shareholders holding out against low ball offers from Severstal earlier on. But since he has sold his million plus share to pay for a mortgage, I feel he has been in hunt for cheap shares.
I would not be surp