High River Gold Mines Ltd HRIVF

Q2 Results?

[ThyFish]

When are we expecting Q2 results?  Is anyone else a little nervous about the lack of volume and upward price movement with so many good things supposedly on the way?  Do we not think that Severstal would up their holdings directly or indirectly with all these positives?  

I am looking at picking up another 25K shares but I am a little worried that another surprise or chess move by Severstal is on the way........what do we think the bottom is here?

ThyFish

[bart_dc]

ThyFish,I don't think Severstahl would make another ugly chess move. They need to have some credibility when they IPO their Severstahl Gold unit + Severstahl already owns 70% of HRG and would cut in their own skin if they make the stock go down.I think many are looking at HRG but don't want to buy a low volume stock that doesn"t really respond to a higher gold price. This is a self

[missouriminer]

Our opinion is HRG has to perform for the IPO to reach the expected potential, $3-$4 valuation from all that we can gather.

[bart_dc]

Missouri,don't you think that with the extra buying of CREW shares by Severstahl that Severstahl already factored in these extra buys when they stated that the IPO would be between 3-4 billion in value?This would have as a consequence that the weight of HRG might be rather 40 instead of 60% in the total of Severstahl Gold.If we take this 40% and the lower range of IPO value, say 3 billion than

[missouriminer]

 I know I may be too optimistic with regards to prognoz than some, that being said IF Severstal gains 100% contro l IMHO it will be HUGE! We are still waiting on drill results from Bissa. If I understood You then We are in agreement $1.50 should be considered the min.

[bart_dc]

Agreed,  1.50 CAD is the minimum at this moment!Potential upside:- Burkina Faso assets- PrognozWhy do people wait before buying? They like to buy when Q2 news is out and we are 0.90-1.00+ !?

[ThyFish]

If the IPO is a reality, what happens to our shares?  Would we get a stake in the IPO?  If this is the case then I would hold onto the new company shares as I believe the market would respond better to a new company and hopefully management team for a mid size producer with a lot of upside.

[NaturalCurrency]

bart_dc, I dont think that Severstal factored in Crew in their earlier public comments, notably comparing Severstal Gold to Polymetal which gives $3~$4 valuation to HRG. Coupled with their comments during AGM ('500% appreciation'), in my opinion the floor is $2.5 rather $1.5.

[bart_dc]

ThyFish,the IPO will have no effect on the trading of the HRG shares.Currently Severstahl owns about 70% of HRG via Severstahl Gold.They will bring this vehicle partly, say 25%, to the London (?) stock exchange but 'our' HRG shares will keep on trading on the TSX.The only thing that Severstahl wants is that their IPO can be done at the highest value possible because they will actually be

[bart_dc]

I hope you're right but wouldn't mind if I were to be right... :-)

[hrgagogo]

ThyFish,I feel the same way as you regarding picking up additional shares at this time.  There are so many positive reasons to pick up more, and only two that is making me hesitate, one is Severstal and the fact that no one knows what is up their sleeves (ie, not divulging the information about the latest Prognoz report), as well as the overall stock market, which IMO is going through a bear

[missouriminer]

 GO GO an HRG shareholder LOL, IMHO I have to disagree. Everyone went to the US $ in 08, perhaps the dumb money will go to the U$ again but again IMHO the smart $ will dive into Gold and the mania stage will begin. I know we all have been watching the currency exchanges along with Gold. Until the last month or so the $ and Gold were moving in unison, however over the past few weeks the two

[hrgagogo]

missouri,Although I seldom post, I started accummulating shares just before the Severstal private placement at .22.  My average cost is .14 and have accumulated close to 700K.  When Chris was getting the shareholders to sign that form that stipulated we were not going to submit our shares during the Severstal takeover offer, I sent in mine to Chris, which he can confirm if you wish to

[NaturalCurrency]

hrgagogo has been a long time member of this board, one of the core participants when we were mobilising votes against Severstal.  

[missouriminer]

 Man what are you talking about? You have my utmost respect, if you are refering to the GO GO HRG Shareholder it was simply a play on words. WTF!!! are you talking I've never accussed you of lying and explain how I've disrespected your opinion. WHAT ARE YOU TALKING ABOUT? PLEASE EXPLAIN How did I question your integrity? The only thing I disagree with you on is Where the money will go

[missouriminer]

  Natural, same questions too you, I WANT TO KNOW WHY THE POST IS SO OFFENSIVE?

[NaturalCurrency]

missouriminer, your play of words on his screen name came across as disrespectful. But from your reply it seems that I misconstrued it and your take on his screen name was in a lighter vein. Apologies.  

[missouriminer]

 Thankyou for the reply Natural,

[missouriminer]

HRGagogo, if you don't have me on ignore please accept my apologies for the unintended disrespect. For all longs out there that have weathered the storm All of you have my respect

[hrgagogo]

Apologies accepted.

[ThyFish]

HRGAGOGO, I have decided to pick up 25k shares.  I am just waiting for an account transfer to take place.  I do have hesitations but I believe the down side is minimal and that we will see $2 before anything significant happens in the market.  IMO, with positive Q2 results we will see the pop over $1 we have all been waiting for.  After this I think $2 is very close by