RE: RE: RE: RE: HRG is not undervalued
RE: RE: RE: HRG is not undervalued
2/14/2011 8:55:55 AM | | 24 reads | Post #29269570
Wow, you really are out to lunch. Of coarse Chris has a
vested interest in HRG as most of us do, but what is your interest? You're in, you're out, yet you still linger around this board.
Youspeak of Chris's projections being out to lunch.......where are yourprojections other then spewing some ridiculous price prediction, anunrealistic scenario to the Prognoz conclusion, and BS about old mines.HRG still operates under the regulations and laws of Canada / Yukon andcould never get away with trying to take Prognoz, and HRG would not beinvesting in exploration for Irokinda and Zun-Holba if they didn't thinkthey could increase
resources.So I ask you to take a look at the following FACTS below that Chrisstated in his communication and tell what is ridiculous? I would alsolike to hear your thoughts on FIU that you were pumping a couple monthsago and have seemed to change your mind on? (Missouriminer, I thinkProud may have me on ignore.....so if you could cut and paste this if hedoesn't respond, it would be greatly appreciated brother. I reallywould like to hear a his response!)
"The Nord Gold Prospectus presents consolidated dataas a Group (including HRG), but when compared to HRG's info alone forthe same periods, HRG's true significance is revealed. HRG makes up thefollowing percentages of Nord Gold:
- 57% of Nord's gold production in 2010
- 37% & 35% of JORC Compliant Reserves and Resources respectively
- 64% of revenues 9 Months 2010 (9/30)
- 61% of cash flow from operations 9 Months 2010
- 102% of Net Income 9 Months 2010
- 69% of Normalized EBITDA 9 Months 2010
- 8% of net debt a 9/30/2010
- 77% of cash & equivalents at Sept.30, 2010
- 92% of Trading Securities (Third party stock) at Sept. 30, 2010
- 83% of liquidity at Sept. 30, 2010*
* Liquidity = cash & equivalents plus trading securities.
Per the Prospectus, Nord Gold is also investing heavily in HRG's properties this year. $178M or 61% of the 2011 Capital Expenditures budget of $290M is being spent on HRG properties - broken down as follows:
- 56% of exploration and evaluation.
- 91% of capital expenditure on expansion.
- 24% of 'other'(safety, facilities balancing, replacement of equipment).
AlthoughHRG's Reserves & Resources only make up 37% and 35% respectively,HRG has been carrying out further research, exploration and/or drillingat its Irokinda, Zun-Holba, Prognoz and Bissa properties that willlikely result in a significant increase in HRG's resource base. We areexpecting exploration and drill results in H1 2011 for Irokinda andZun-Holba - the two depleting mines. The comments in the Nord GoldProspectus show confidence in these mines. Also, Bissa could have anadditional 2M oz from further exploration and 50% owned Prognoz couldhave an additional 5M oz additional (gold equivalent). Linked below arehighlights from the Nord Gold Prospectus that show Nord's confidence inthe future of HRG's resources and mine production rates."
Q4 / Year end results change everything folks!!