GREY:HRIVF - Post by User
Comment by
missourimineron Sep 23, 2010 7:09pm
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Post# 17486250
RE: What becomes of the shares held by minorities
RE: What becomes of the shares held by minorities As you have stated No one has a crystal ball! that being said I don't know for sure what happens to the minority shares. NO ONE DOES..... but it stands to reason that given the fact HRG will make up a big portion of Severstal Gold production #'s ( approx. 1/2 considering recent PR statements have mentioned 640,000 oz. as Severstal Gold production #s for 2010) Severstal in wanting to fetch top dollar for the IPO would want HRG's SP to be as high as possible.....There are/were some on the BB who were concerned over a possible buyout offer, myself included! However given the second run up over $1.00, the fact Severstal exercised the warrants and the acquisition this week of Sacre-Coeur minerals for $65 mill. CAD I no longer feel this is a concern. Hope this was helpfull and your Country of residence is beutifull