GREY:HRIVF - Post by User
Comment by
bart_dcon Jan 17, 2011 3:14pm
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Post# 17985286
RE: Severstal owns nearly 69% of HRG
RE: Severstal owns nearly 69% of HRGSeverstal/Nord Gold held about 72% if I'm not mistaken since a couple of months already.
Soon they might own 100% depending on the implicit valuation of HRG within Nord Gold IPO.
If for exemple High River is implicitly trading at 2.50 CAD depending upon share price of Nord Gold
and HRG trades at 1.40 on the TSX then it would add value to Nord Gold if they would do a buy out of HRG below 2.50.