High River Gold Mines Ltd HRIVF

High River Gold: Moving Forward

[stevehrg]

From : https://highrivergold.net/High_River_Gold/The_HRG_Potential.html


Severstal Has Turned HRG Around Operationally And It’s Now Time To Turn Around The Attitude.



While the share price is up considerably in the past few years, HRG trades at a fraction of its peers in virtually every category. Considering how well things are going on an operational, discovery and production standpoint, I view HRG press releases and shareholder communications and think to myself, “Is there a conspiracy on the part of Severstal to keep the price of HRG low so they can attempt a 3rd or 4th failed buyout offer by buying the shares cheap from concerned shareholders?”

I believe there is a will to keep the price of HRG’s share price low, until it serves the best interest of Severstal. The fact that there are no Quarterly Conference Calls with Shareholders and the fact that the recent annual meeting was held in the Yukon where no one could attend it (even though numerous people requested a call-in number to hear the meeting and ask questions). To me, these actions demonstrates a will on the part of High River Gold and Severstal to greatly reduce shareholder communication and the desire to not foster an appropriate shareholder relationship. I’ve been on the Board of a TSX listed company. The company I founded. This is highly inappropriate. To be more blunt, I personally believe Severstal and High River Gold hide and delay the good HRG news and take advantage of any stumbles to keep a lid on the stock price. I have come to this conclusion as I, and others, have posed direct questions via email with these concerns to HRG’s present and previous Severstal appointed CEO’s and often the most direct questions are not answered, are ignored or are sidelined.


It is Time to Turn a New Leaf
Severstal should consider a new approach with minority shareholders and it should raise the profile of HRG so it is properly promoted. This will lead to a strong and supportive group of HRG shareholders who support Severstal with their ultimate plan of a Nord Gold IPO or the sale of HRG to another party.

Severstal Takeover Attempts of HRG will Fail Again
At this time, well over the required 10% of High River Gold’s shareholders know what Severstal is likely attempting to do, and they are refusing to part with their shares until which time that true full value is realized and a proper offer appears from Severstal.
Severstal’s earlier attempts to purchase the remaining shares of HRG at a fraction of their value has only caused to inflame minority shareholders and made them more determined to the see long term true value of their shares fully realized. And, in that article, it would appear that Severstal wishes to again attempt to acquire a 90% share holding of the shares in HRG on the Toronto Stock Exchange. Do so would allow Severstal to then bring the company private in a transaction designed to benefit Severstal Shareholders by buying the shares of HRG as low as possible and only then releasing the true value of HRG to provide greater upside to Severstal’s rumoured upcoming Nord Gold IPO. The present HRG shareholders wish to participate in the fantastic future of HRG and its share price upside potential.
In my mind, NOTHING LESS THAN $3.00 IS FAIR TODAY, as I believe the longer term prospects are much higher down the road.
Minority Share Block Will Halt Acquisition Attempts
Failing a proper offer, these shareholders are content to wait and enjoy another 100% increase in the HRG share price like what has transpired over the past year since January of 2010 when HRG was
.62. HRG’s first offer was 18 cents!
Note: In my own case with my personal 1.3 million shares of HRG, I may have accepted $ 1.50 in 2009 or early 2010 before the low ball 18 cents and 20 cents offers from Severstal. However now that High River’s Taparko Milling concerns are solved and several new projects clarified and advanced, I personally wish to participate in what I feel will be a much higher stock price, and I have made my comments to HRG’s CEO directly on numerous occasions. For disclosure, my latest belief is that with Bissa and Prognoz, we can potentially see north of $4.00 per share in 24 months.
High River Gold’s Potential Looks Spectacular
Prognoz Silver Property
Prognoz is one of the worlds largest and most resource rich silver properties with and estimated 370 MILLION ounces of Silver from just a few of the over 30 known veins. Could Prognoz hold 1 billlion ounces of Silver? (Link to HRG’s own Prognoz Data Here)



Bissa Gold Deposit

Shareholders wish to participate in the new licensed Bissa gold property and its planned future expansion which will take HRG’s gold production totals far beyond their present production levels by 2014 according to the companies own published data. See the Bissa Mineral Resource Evaluation
Some shareholders want to find out and will refuse to sell at any price.