High River Gold Mines Ltd HRIVF

What is keeping HRG down?

[hrgagogo]

Consolidation after big run? No CEO? Severstals purchase of 19M shares at 1.05? Other?  There is no volume and little movement, when gold is hitting new highs.  Any thoughts?  Based on performace in previous quaters and anticipated great results in Q3, what could be keeping it at these levels?

[ThyFish]

HRGAGOGO,  We have seen a breakout from the mid .70's to a high of 1.45 in under 3 months.....this IMO was caused by the first ever positive earnings release and news of debt eradication.  Lets stay patient here as the next positive news release; ie, Prognoz, drill results, or Q3 earnings will send this soaring again.  Attention will peak once this has happened and we will be

[Novaman67]

Well said TF, my thoughts and sentiments exactly.......NM67   :-)))))))))))))))GLTA Longs

[goldlust]

IMHO their plan has always been to take HRG private. With the recent share purchasesthey are now in a position to do this!

[hrgagogo]

Thanks Thyfish,I agree with you, and have been waiting patiently for a long time and have put up with Severstal in their shenanigans, and as I hate to love these russians, they have contributed to this tremendous turn around, even though they wanted it for themselves for a steal.  Having said that, I continue to be patient and will wait for the next leg up, and the other, and the other, which

[hrgagogo]

Explain How?  From what I understand, and others, correct me if I am wrong, they do not have enough shares to do this.  All they can do is put another offer on the table and if the majority of the minority are against it, it will not fly, although if its the same process, they may be able to pick up more shares.  I do not think they will attempt this IMO.

[goldlust]

When they made an offer about 18 months ago they only had about 51% and I vaguely remember that 70% ownershio of existing stock changed the rules. Someone morefamiliar with this scenario needs to comment. I truly believe that the prize they aretrying to secure is Prognoz!

[katchum]

I think HRG has consolidated enough for me to buy back in. I sold some silvercorp metals (which has been rising while HRG went down) for HRG.

[dagold]

Did anyone else notice the trading patterns today?  What's with all the sells coming from UBS Canada?dagold

[saile1]

It's called a creeping takeover and then take this offer or else !