OTCPK:CRUUF - Post by User
Comment by
missourimineron Oct 03, 2010 7:14am
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Post# 17522652
RE: Severstal Wins Battle for Crew Gold
RE: Severstal Wins Battle for Crew Gold Yes Severstal made successfull bids to aquire ownership of both SCE and CRU, Severstal has never been successfull in buying out HRG. While SCE investors will get a handsome premium I don't expect CRU will get anything over what was paid to EDV to gain 90% ownership in CRU simply because Severstal is not required to do so. I'm not sure how you figure CRU will get better exchange for Severstal shares when HRG is 60% of Severstal Gold 2010 production, knowing how these boys operate I doubt there will be any exchange for CRU shares but again I and several other people invested in CRU and HRG hope you are right.GLTA!!