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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Severstal in very good shape
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Post by metalmaniak on Nov 19, 2009 6:29am

Severstal in very good shape

I don't know where certain posters get the info that they are getting, but Severstal is doing very well right now. Its actually a very good thing as they have more cash to spend for HRG.
Pretty obvious though that Troika is manipulatiing the market to create an avg 30 day price ner .42. They will come in with a .50-.60 cent bid IMHO.
They are a greedy bunch and will likely fail again.

    Nov. 19 (Bloomberg) -- OAO Severstal rose to the highest
intraday price in more than 13 months in Moscow trading after
Russia’s largest steelmaker returned to profit.
    Shares of the company owned by Russian billionaire Alexei
Mordashov advanced as much as 4.5 percent today to 257 rubles,
their strongest level since Oct. 2, 2008. The steelmaker posted
third-quarter profit of $66 million after losses in three
straight quarters. The stock traded 3.4 percent higher at 254.40
rubles as of 12:02 p.m. local time.
    The Micex Index, the benchmark gauge for the Russian stock
market, fell 0.5 percent today.
Comment by Olderwisernow on Nov 19, 2009 8:47am
First - we should all know by now about creative accounting. Does anyone think that Severstal does their books any differently than the results we see at HRG. The difference of course is that Severstal wants their share price as high as possible and therefore does everything they can to entice shareholders to buy. Even buying back their own stock when they were showing losses. Moving forward, the ...more  
Comment by Olderwisernow on Nov 20, 2009 9:34am
Yes folks doesn't this NEWS STORY just say it  ALL about a couple of issues. So reas it ALL to pick up on the most interesting thing, that is the FACT that this guy who died at 37 in jail from guess what (Heart Attack, oh ya you bet!!)  was in jail AFTER he challenged large companies for you will NEVER GUESS, TREATMENT OF MINORITY SHAREHOLDERS. I tell you, it does not get any worse ...more  
Comment by Kee000 on Nov 20, 2009 9:51am
Boy--No good news today. We might have too turn too God. Hope I don,t get jailed or shot for this.--POLLY
Comment by Olderwisernow on Nov 20, 2009 10:15am
Don't laugh, for those interested, take a read on Google under the various names involved in this story. Would ANY logical person believe that this guy died of a heart attack, or at least a naturally occuring one? The American Guy who is bared from Russia, guess what? Now Russia wants him arrested. And further guess what he claims? All kinds of bad stuff going on between the Russian Gov. and ...more  
Comment by Kee000 on Nov 20, 2009 10:32am
Actually the whole world is sick. Some places worst than others. Russia is the axis of evil and prophesy will reveal that. I suggest we all store up our treasures in heaven.Just my opinion don,t go nuts.--POLLY
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