GREY:HRIVF - Post by User
Comment by
bart_dcon Jul 22, 2010 10:15am
405 Views
Post# 17287979
RE: Q2 Results?
RE: Q2 Results?ThyFish,
I don't think Severstahl would make another ugly chess move. They need to have some credibility when they IPO their Severstahl Gold unit + Severstahl already owns 70% of HRG and would cut in their own skin if they make the stock go down.
I think many are looking at HRG but don't want to buy a low volume stock that doesn"t really respond to a higher gold price. This is a self-fulfilling prophecy and makes everybody sit at the sidelines.
If I were you I would at least buy half of your 25K position you are planning.
This because the Q2 numbers will be out by the 13th of August but BEFORE that there will be the resolution of the small lawsuit at the Burkina Faso mine that still blocks the lifting of the share pledge. At the AGM the CEO told everyone that they see this issue resolved by the end of July.
Hope this helps!
Best regards,
Bart