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High River Gold Mines Ltd HRIVF



GREY:HRIVF - Post by User

Comment by true_athleteon Oct 25, 2010 4:48pm
550 Views
Post# 17609321

RE: RE: RE: Silence is golden: HRG Buying pattern

RE: RE: RE: Silence is golden: HRG Buying pattern

Hi katchum,
nice to have you back, Your 1.09 shares have done well since.. hope you stillhold them

If you are here LONG, this is different from day/mount trading.
Daily base you should look carefully this week for trades and volume
LONG:
A few things to add to reflect the next 3 months:
1.) Gold is still strong and may see 1500 by year end, so strong 4th quarterahead
2.) Just check the article from yesterday on Bloomberg:
"Among U.S.-based gold mining stocks, the most reasonably priced is
Newmont Mining Corp. It sells for a bit less than 16times earnings, a multiple I can live with."
3.)The warrants for Severstal expires on Nov.8th (so Severstal waits for thatmoment to come out with more PR
4.) Q3 results are due on November 15th (should be a Monday, but might come out2 days earlier)
5.) Q3 is usually very strong in mining in Russia, as the winter starts justnow and Q3 is seldom effected (as we have seen this year again)
6.) The PR-show of Nord Gold has not really started, this indicates stillclosed doors for a big bang like drilling- and Proznoz-results
7.) Drilling results should come out with/or just after the Q3 results
8.) Proznoz should be settled before the IPO and hence be communicated then.
I would expect a much higher valuation, then we all currently think about
9.) Articles like on Bloomberg do play in the right direction (...North...)
10.) P/E will change with the good earnings of Q3, so we will see more roomthere
11.) Volume of 4mio today is good, but we will see multiple of that, once it s launched

Do your math and a factor 3-4 is still possible
So, just a few words to add.....: for being a LONG,

""The parabolic has just started""

Best
TA


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