GREY:HRIVF - Post by User
Comment by
Outofworkbumon Feb 03, 2011 9:53pm
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Post# 18073453
RE: RE: RE: Great
RE: RE: RE: GreatThat pretty well sums up how I feel too. It's sad in away because the paranoid Russian mindset is inhibiting what would otherwise be recognized as a great initial public offering. Realize though that Moscow remains the most frequently invaded city on the planet, we had nukes pointed at their heads for years and organized crime is openly known as the biggest of all the risks to Russia.
Severstall could side step all that. They could choose to openly disclose and develop not only the mineral resource but also the development of real value for their asset through its shareholders. But I think they don't want to do that. You can't go around telling everyone your house is not worth anything and then turn around and ask someone to buy it. When the IPO fails Severstal will be sitting once again on the sidelines ready to buy up our shares. See anyone willing to hand over their money yet? Me neither. Go long, stay strong!