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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > I love profit
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Post by Honkeybill on Aug 25, 2010 12:09pm

I love profit

I love profit....don't get me wrong......but with all the variables regarding the potential value of HRG I think you would be crazy to sell at this point.
    By the end of Q3 we will have little or no debt. Our DGC shares should be worth about $ 100 million and will be freed up.....it looks like the POG will stay above 1200 US (if not breaking 1300) and MOST OF ALL........Severstall needs the value of HRG to be much higher the make their plans for an IPO worthwhile.

    When Severstaal needs HRG to move up sharply....it will....and I can see them wanting it to make a big move before the end of the year.

    I've been holding since 11 cents and have been tempted to sell any times.......I never had the balls to move in and out because I understand that Severstaal really does control the SP and I didn't want to be caught out when they decided it was time to move things up.

    In my opinion..........this is an easy double in the next 3-4 months.......and possibly a triple. The longtime holders know this, that's why most of us have been so quiet.
Comment by fubwar on Aug 25, 2010 12:25pm
I'm exactly like you, I've been here since .09 cents and like you I've been holding since then. So good luck to you and see you at 3$.
Comment by hazstock on Aug 25, 2010 12:25pm
"I love profit....don't get me wrong......but with all the variables regarding the potential value of HRG I think you would be crazy to sell at this point." The crazy one is the one who won't shellwhen there's at least 500K shares making a roadblockon any given three-day period... 
Comment by ThyFish on Aug 25, 2010 12:43pm
I agree with Bill and I'm holding.  Not to say that you can't move in and out now with some great little gains.....but please don't refer to 500k as a road block.  This can be taken out in one trade by any investor that sees the potential we are looking at.  So if you are moving in and out, best of luck but i wouldn't leave my monitor for more then 10 mins!!!ThyFish
Comment by riskydog on Aug 25, 2010 12:47pm
IMO I think Severstal is accumulating shares in the open market from the type of trading that has happened the past couple of days.  The resistance wall at 95 cents will probably be taken out soon.
Comment by prouditalian on Aug 25, 2010 12:48pm
I was long at .15 and sold all at .82. Then got back in at .77 and added at .80, so I am simply trading this and have much smaller size than previously. Simply feel we are overbought, and if it runs, I still have half. HRG has been great for me and couldnt be happier. This could easily go back to .80 or could go to 1.10. We have seen the manipulation before.
Comment by shtroumfs on Aug 25, 2010 12:54pm
im thinking the same as you on accumulating shares by Severstal, hope your are right about the resistance at 0.95
Comment by scluri on Aug 25, 2010 12:55pm
How Severstal will buy in the open market?Is it  leading to a creeping takeover?Does it not attract the attention of Regulators.?There is so much at stake for Severstal at this time.If some one establishes a thread and leads it back to Severstal?What would happen to their IPO? and big plans?Can some one explain the rules and regulations that prohibit the major holder to acquire in the open ...more  
Comment by cjsell on Aug 25, 2010 9:14pm
Honkey I am in your camp.  Yes, ring the register, no shame in that at all. HRG has something for everyone, just depends on your definition of risk/reward. Folks can speculate all they want about Severstals intentions.  If they really wanted to buy out the minority, they would have used some of the cash they used to buy Crew, and done it a long time ago, just my opinion.  Also, ...more  
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