GREY:HRIVF - Post by User
Comment by
discern1on Dec 04, 2010 1:05am
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Post# 17800203
RE: RE: I can't believe the impatience of some
RE: RE: I can't believe the impatience of someUm Proud are you still here? Why are you still here? If you sold I would have thought you would just move on. You must be planning on buying soon.
I doubt that any of the investors getting out right now know anything about Prognoz. All that is going on is that their blood pressure is increasing as other gold companies and silver companies are rising rapidly, while HRG flounders waiting for news.
At this point Prognoz will only add to the value of HRG, as of right now there is nothing in the sp that reflects HRG.
If Severstal really wants a low sp, then they would continue releasing bad news, or news in the worst light possible. Since, they haven't, I am assuming that the news is good regarding Bissa, mine life expansion. . .
There is no purpose for Severstal to promote, until they determine what the future is regarding the IPO or other options. At some point, I thought it would be by now, they will choose to promote HRG in a way that increases its value. The investors presentation on the Severstal web site indicates that they think Bissa contains 2.9 M oz, existing mines have 2.8M oz., Prognoz with 1.7M oz and with the possibility of other projects with up to an additional 1.7M oz.
In other words, there is a lot of good news that people who want to invest in Nord Gold will hear about. We just need to wait. Perhaps we need to have Chris contact Severstal as an investor with 14M in assets wanting to invest in the IPO. We might find out the real goods that way.
Although, I am frustrated, I am planning on holding on. I realize there is opportunity costs (look at GPR another stock I hold), but HRG is so undervalued that eventually this will be $2.50+ a share. With any good news regarding Prognoz and an aggressive drilling program, HRG will likely grow towards $5 quickly.