High River Gold Mines Ltd HRIVF

Update from IR

[discern]

With 3Q in the books, many resource companies are releasing production or financing updates.

I emailed Investors Relations to ask if HRG would be releasing information regarding production and financials before the full 3Q results.

Igor Klimanov replied

"When compared to Q2, the operations at HRG mines are running smoother and there is no tender offer in place, so we feel it is not necessary to update the public on current status before release of the Q3 results."

He also commented that short term gains in share price was not a top priority of the company.

From this email, I have to conclude that production numbers should increase from Q2 to Q3 and likely the cost of recovery/oz will likely decrease.

Anyone want to guess/take a poll on what Q3 financials will look like based on this email?

[prouditalian]

thanks for the update.Seems like they are preparing for a bullshiit dilution for their debt. I doubt this will fly with the TSX and eric sprott.This stock is set to fly to new highs shortly IMHO.Added a bit at .40.

[bart_dc]

How can Sprott avoid the dilution Severstal will likely propose?Will he prevent it?