Post by
prouditalian on Feb 13, 2011 10:19am
HRG is not undervalued
The ipo failed at the bottom range, so if they try again it will be done maximum at 3 bil likely at 2.5.
Severstal's gold production gained 30% last quarter, and likely HRG production dropped as the old mines dropped from q to q last quarter.
Reality is HRG is no longer 50% of production, will likely be closer to 40%, and reserves are under 40%, so HRG worth max 40% of Nordgold. Also production will fall going forward.
Its nice to dream about Nordgold going at 5 bil, but the next offer will have to be much lower and the market understands this.
At these levels, thats is where we are sitting so not undervalued.
Also Prognoz uncertainty out there. Dream all you want, but HRG is NOT a bargain at these levels.
Comment by
adammacc on Feb 13, 2011 10:51am
Back at it again eh Prouditalian! I feel so embarrassed for you!
Comment by
shtroumfs on Feb 13, 2011 11:10am
I think i speak for others just get out, you dont own any shares and are only to bash since you sold
Comment by
adammacc on Feb 13, 2011 12:26pm
Well if it goes below a dollar them maybe you will make back some of the money you lost. "For the first time ever" LOL dork
Comment by
Waterman1 on Feb 13, 2011 2:09pm
Concerning Prouditalian: we're giving him TOO much attention.Ther is only one thing to do: IGNORE HIM !!!