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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

Metals & Mining Gold

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Website reports HRG divestiture by Severstal
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Post by cjsell on Jul 02, 2009 12:37pm

Website reports HRG divestiture by Severstal

I am sure this information is incorrect but you never know. The link below will take you to a historical listing of mergers, acquisitions and divestitures by Severstal. In the middle of the screen you will see a panel, you can scroll to the left (by clicking and dragging your mouse to the right). It clearly shows the investment in HRG, but now displays the divestiture symbol (not kidding). I have looked at the site for quite some time, and this is the first time I have seen the divestiture symbol with HRG. I can find no other news to support this though.

https://www.alacrastore.com/mergers-acquisitions/Severstal-2504039

However given the credit situation with Severstal anything is possible. Maybe they will spin out their gold businesses to raise their cash positions because their steel assets are/have been tanking BIG TIME.

Their year over year stock price has decreased from $25 July 08 to 5.36 July 09. (in USD) 7 billion in debt 2.5 billion in cash. Stock price down 80%....

GB:SVST


CJ
Comment by Kee000 on Jul 02, 2009 1:39pm
That does not look like a divestiture. These slimeballs are always uo too something.--polly
High River Gold Mines Ltd
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