High River Gold Mines Ltd HRIVF

RE: HRG Press Release by Minorities.

[discern1]

I think that we would be better served to pool ourresources together to first connect with our new CEO.  I believe the sp issimply being held back because of a lack of good information. 
 
If we could get a spokesperson on our behalf that represented a minimumof 10% of the outstanding shares (about 20 million) then I think it wouldrepresent enough "pressure" that our new CEO would answer our morebasic questions.  
 
I recently sent I sent an email to investors relations with thefollowing questions:
 
First of all, there have been numerousreports about a possible IPO of Nord Gold.  As HRG is a significant assetin the Nord Gold portfolio, could you tell me what the management of HRG currentlybelieve is a fair value for HRG?
 
Secondly, when can investors expect tohear news regarding the Prognoz bankruptcy?
 
Third, I was anticipating drillingupdates in the latest quarterly reports.  The former CEO suggested thiswould be the case.  With the strength in the gold market, I believe that aseries of updates could boost the share price significantly.  Would youconsider releasing the current results?
 
Finally, even with an aggressivedrilling program and Bissa mine construction, HRG will continue to build itscash position.  What are you anticipating to do with the cashsurpluses?  Is priority placed on more drilling, acquisitions, dividends.. .?
 
I haven't heard a reply.
 
Finally, once we get the answers, I think that we have leverage to askCIBC to do some promotion for us.  I still hold them responsible for muchof the fiasco that happened during last summer.  Remember that CIBC wereon HRG's payroll at the time and were the only public investment firm in Canadacovering it.  For a refresher of their incompetence, the report publishedby CIBC researchers Barry Cooper and Khaled Sultan on August 4th stated:
 
-Having upped its offer twice, we do not think that there will beanother bid coming for HRG in the current takeover by Severstal. The offercurrently stands at
.30/sh and shares have been trading at this level sincethe last bump indicating that the market does not believe there is anotheroffer.
 
-Severstal has a lock on the company with ownership of over 57% of theshares and holds US$27 million in debt owed by HRG. If the offer for all theoutstanding shares fails, it is possible that Severstal could force HRG intobankruptcy and take its chances in asset sales.  
 
-Timing is tight as HRG is also under pressure from the TSX for delistingdue to its financial position. The delisting review has been extended to August17, 2009. Severstal's cash offer for the remaining shares of HRG expires onAugust 10 and the company has indicated it is their full and final offer.
 
-We suggest that investors may want to consider the risk of along-drawn out battle that may or may not reap rewards versus the currenttrading range of HRG that is at or above the offer. We think tendering into thebid, or selling into the market, offers the best choice.