High River Gold Mines Ltd HRIVF

The Shakeout

[1marketmaker]

I look at it this way.  I'm up 20 cents (or 25%) in 6 months since August.


So tripping me up with a loss of 20 cents from our average price for the past two months is nothing.  I bought more yesterday at $ 1.10 but I missed out today on buying the dip as my order was unfilled.

What do we know?  

We know this is worth more. (We know value will be realized - come a future buy out or something else)

We know Severstal is clueless about their legal obligations to disclose material facts on time. (They will have a lawsuit on that)

We know they are drilling in our two older mines and these mines are in great areas to easily prove our and expand the reserves (They will not be able to hide facts)

We know Severstal is clueless about promoting Gold Mines, or how to treat minority gold mining shareholders.

We know Severstal has lost a billion in market cap over the past two months.

We know HRG is one of the lowest performing gold companies in terms of their PE and potential

We know Prognoz is likely to not be stolen from us - or we know we have a winnable case to sue them - and I'll lead it if need be.

We know that Severstal owns only about 80% of HRG so they cannot just do as they wish - without a lawsuit.

We know they paid $ 1.05 for recent shares...so even they are dismayed at this price action

We know minority investors are pissed off - and buying more shares to back up their conviction

We know that if Severstal or a related party is acquiring shares right now and they have unreleased material information and are using it to make the purchase of shares, they're doing illegal trades 

We know that Chris C, myself and others know exactly what our minority shareholder rights are and will defend them...and that we have support from other Funds.

We know that eventually, Severstal will either need to sell HRG to another party altogether, or start to adjust it's value through promotion

And we know HRG's present CEO and the previous CEO are completely clueless paper pushers who do not sit down to take the bulls by the horn to add value - because they likely do not know how to do that.

So what do we do now.

Buy more shares -sit back, and watch your shares go up ANOTHER 20 cents in the next 6 months.

Enjoy people.

I'll be buying tomorrow....like I bought yesterday.  $1.05 or
.95 cents....it does not matter.  

Value is here.  I'm a big holder, and this is a game I will win...on the backs of the bigger winner who is Severstal.

I - like you my friends - just want my piece.  And I'm not indebted to some group of banks to the tune of billions in loans.  

So go ahead Severstal.  Continue to be clueless.  Continue to be useless.  Continue to be blind.

Eventually, you'll come around.  

They always do.  They always do.

Happy investing.