High River Gold Mines Ltd HRIVF

RE: RE: RE: RE: Anyone notice this lately

[MaxPower58]

You are probably right on about the iceberg seller.  And it wouldn't surprise me that its Sprott Asset Management.  This company has always been quick to unload HRG into the market.  In fact, I would say they are a big part of the reason as to why HRG did so poorly years ago, and why the company is where its at.  They would do huge purchases of new offerings along with warrants, and as soon as they were a few pennies in the black, they would unload.  No vision whatsoever, no patience, no nothing - just sell whenever a few pennies could be made.  This resulted in totally unnecessary and excessive dilution, that likely influenced many poor decisions on the part of the former management to limit dilution, bringing things to where they are.   On the plus side, the Russian owners are better able to manage the Russian mines, and you see this in the improved profitability.  Also, they are well connected with the European markets, which will ultimately control what happens to HRG's share price.  Further, the weak hands of Sprott Asset Management in HRG are more or less over.