GREY:HRIVF - Post by User
Post by
grafikspeakon Dec 05, 2010 12:15am
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Post# 17802116
Severstal will get Prognoz
Severstal will get PrognozIt seems obvious to me that Severstal will get Prognoz, at least the fifty percent not owned by HRG. Thus giving them 85%+/- (50% + 70% of the 50% HRG owns) of the worlds largest silver deposit. HRG will fund development and they can include it in their IPO. I believe that they have to keep HRG as 50% owners as the optics of "stealing" HRG's 50% then trying to include It in an IPO that includes HRG will not ride in the investment banking world.
The thing I do not get is why they do not promote the crap out of what they have in HRG right now... get the stock to $5-6 they could easily sell 150-160M shares for a net $750M+ sell off the other shite assets keep 70%+ of prognoz for themselves, have a $1B+ in the bank, still have voting control of HRG and "bobs your uncle". ahhh what they heell do I know. very simple I know but hey its friday and the wine/beer has been flowing after a great week .
Cheers to all who have the nads to hang in through all this and keep smilin...