High River Gold Mines Ltd HRIVF

2011 Super Annual Report but no recognition

[WolfgangE]

I am totally confused here:  There is a  super annual report in just about every respect and the already super low share price is going down further  BTW the same with Nordgold too.  So it has to be the Mordasov factor playing out.  The investment community is shunning both of them!  Seems to me the only way to improve this situation would be a healthy dividend payout ongoing at say 2c or more for HRG and 5c plus for NORD.  Otherwise i cannot see any substantial improvements here.  So far Mordashov has been playing it on the cheap throughout.  Now why did he put 10.9% of NORD on the LSE?  Perhaps it was the second trial baloon and that too went down like a lead duck.  I cannot figure out what his game is,  who can???  Both companies are loaded with cash and Mordy cannot get hold of it, so a dividend would be the logical solution to that and in the process increase the share value for sure, even with the Russian Mafia factor taken into account.  The way I see it there are better plays around and so far (only 1 1/2 years) it has been dead money for me.  I will wait for the ore reserve update on Zun Holba and Irokinda. If that doesn't move it (which it likely won't) I am selling and putting it mostly into Aurcana.  Didn't really want to do this at a P/E of 6 !!! with no =debts and a pile of cash & inventory on hand (350 M $ give or take a few). In addition Bissa will be up and running ina  year and a bit at well over 100 MOz/y.  But I cannot see any change in the share price at least in the short term.  Can You ???

Feed Back Please !!!

My 2 cents worth,  Wolf E