TSXV:HRE.H - Post by User
Comment by
Simon_Bondon Sep 04, 2014 12:28pm
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Post# 22905886
RE:no halt and no trades
RE:no halt and no trades
Hi Greenbox
Actually Stans have already got their act together. Look at the recent additions to their BOD.
First the rep from Rusnano then followed by the major supplier of critical personel as also a major shareholder, then the reappointment of the Financial Controller. Al these would not have been done if nothing concrete was building up.
Then now Irwin in the interview which says that the announcement will be made IN A FEW MONTHS that will make shareholders happy.
Basically, this means that everything is moving along with the Russians and its now under finalising the dots and crossing the I’s..
The sp has no action right now because there is no real catalyst to make traders move it (hence what I meant when I said in my earlier post that short term traders will be disappointed).
As for long-term investors, I believe I had posted sometime back that all the retail investors that could possibly be interested in the stock have already bought in.
The absence is from big money funds whose managers even if they believe in Stans would not be able to buy in. How can they? The company has no permission to operate and without anything else arranged yet, the company is basically a non-functioning company…….but I also said then, once everything is worked out be it with Kyrg or now with Russia…….watch out !!!.
Thus as I said in my earlier post, IMHO, this stock is only going to reward the long-term investors of this company and for the short term traders they may just get to enjoy an odd 50% here or there.
Cheers
Simon