High River Gold Mines Ltd HRIVF

CRU's Mexican Standoff

[cjsell]

I posted this on the CRU board. But it is newsworthy from HRG's perspective IMO

CJ


Do the math. If you read John Helmers article, I believe he did not mention Frank Giustra as it was not germane to the discussion.  The salient point IS CRU will have trouble with the Ministry in Guinea, Russia does a lot of business in Guinea....connect the dots.....ransom....extortion....who knows

Furthermore if you add the ownership of these three you get 96.69% ownership, which means the balance of the float is only 66 million shares.  Folks, please check my math!

In any event, any two of the three gets control of CRU.  BUT there are some hurdles to overcome with regard to Mr. Thiam, Guinea’s mining minister.  And apparently Crew's untalkative CEO will go to Conakry next week to try to salvage the position with Minister Thiam.

cj 

 

Ownership

(a) Ulltveit 39%
(b) Severstal 19.79%
(c) FRANK GIUSTRA  = 37.9%

a+b+c=96.69%

a+b=58.79%

a+c=76.9%

b+c=57.69%

balance of float = 3.31%

[saile1]

Not Germane to the article ??.Outcomes of these kinds of investment activities are indeed important to address.Also, let's not be naive.This Guinea issue is no-doubt for local/political appearances etc etc.Do you really think Endeavour in making an investment along with Severstal in CRU ( working in cooperation with Severstal ??) has not received assurances from Guinea prior to making

[ThyFish]

All, Lets not jump all over CJ for posting an article!!  We are all here to make money and in sharing information we will help eachother with the DD  needed to successfully invest in any company.John Helmer has always been pretty knowledgeable on anything he has written about.  His article simply points out the uncertainy surronding the current situation.  It also sounds like a