High River Gold Mines Ltd HRIVF

Things are heating up in Russia

[discern1]

https://www.bloomberg.com/news/2010-12-07/billionaire-prokhorov-seeks-to-create-top-3-gold-producer-in-2011-merger.html

OAO Polyus Gold, Russia’s largest producer of the metal, plans to merge with a global rival as early as 2011 to become one of the world’s three-biggest miners of the commodity, billionaire owner Mikhail Prokhorov said.
“We’ll need to be in the world’s top three,” he said in an interview yesterday in Moscow. Polyus will “make a merger with one of the leading gold companies in the world” after it completes plans to gain a primary listing in London, he said, declining to name acquisition candidates.
Russian producers are seeking to extend their reach after gold prices rose 30 percent this year. OAO Polymetal aims to change its domicile to Jersey, U.K., to expand its investors and OAO Severstal’s Nord Gold unit plans a London initial public offering. Polyus has sought a primary listing in London by combining with its Jersey-based unit KazakhGold Group Ltd.

If Russian miners begin taking steps towards greater international transparency, then their value will begin to match their peers. If they do, then HRG will no longer be valued against Russian miners, but other producers. With a flood of attention, the Russian sector could heat up rather quickly, just like Africa, Yukon,. . .

[missouriminer]

 It has been my experience that Russians, much like Jewish business dealings is that their preference is to do business with those of the same culture. It would not surprise me too see Polyus merge with Severstal. As much as Putin talks of Russia being more friendly in regards to foreign trade & financing, IMHO I think the merger of the 2 Russian companies would entice all involved by

[Outofworkbum]

Good theory.  Fact is that Moscow is the most invaded city on the planet.  Small wonder they don't trust anyone but their own