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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > How much would it take to win the war?
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Post by discern on Aug 13, 2009 11:40am

How much would it take to win the war?

Through the combined efforts of dedicated share holders we have seen a decent victory and an increased share price.  I for one am willing to be patient for a larger return, but I wonder if our combined efforts could not drastically increase the price quickly.

Of the about 650 million shares of HRG, Severstal now owns 401 million or 61.7%.  Dedicated shareholders held 172 million who were holding out for at least 1.50 in share price.

That means there is only 76 million shares outstanding held by non-severstal and non-committed longs. 

Out of these 76 million shares, how many are long?  Likely 50-75%?  (I'm open to other suggestions)

Therefore, there is likely in the neighbourhood of between 20-30million shares maximum that is being day traded.

Could we not through a combined effort work to take out these shares?  If we all went "all-in", and committed to hold until the price reached 1.50, would not the sp jump quickly, HRG gain a lot of attention and in the process all of us win the war and not just the battle?

Comment by missouriminer on Aug 13, 2009 11:53am
I am game, first I Need verifiable info from you . for starters were you at the last shareholder meeting? if so did you sign the sheet, if so send me instant message with name e-mail etc. LOOK FORWARD TO HEARING FROM YOU!
Comment by lawyersfriend on Aug 13, 2009 12:09pm
So... you are suggesting... our own ...  mutual fund with only one company in the fold?Interesting!!The HRG Gold is Going up Fund
Comment by discern on Aug 13, 2009 12:22pm
I'm suggesting that if we all believed that the sp was undervalued, that if we realigned invesments and doubled our holdings (i.e. for me it would be to redirect my investments in RRSP's towards HRG) then we would quickly see the sp skyrocket.If the price increased beyond a $1.00 a lot of attention would be given to HRG and other major players may come on board.Diversifying is important ...more