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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > HRG is not undervalued
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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 missouriminer on Feb 13, 2011 11:16am
The IPO was never launched, it was simply delayed therefor your statement that the IPO failed is an unfair spin. As for the underlying suggestion that We (minority shareholders) give your analysis the same, or more confidence as Mr. Charlwoods well your arrogance has reached a new level my friend. Concerning the value or lack thereof in Nord Gold, and HRG. In a mania stage of a Gold Bull run the ...more  
Comment by prouditalian on Feb 13, 2011 11:25am
huh? the ipo was launched and failed to attract buyers at the levels it wanted. This means that investors thought Nordgold was overvalued. As for Chris, he has his own interest to push, namely 5 mil shares. His projections are ridiculous. HRG is fullly valued at 1 bil with its decreasing production, nasty majority partner and large silver asset in bankrupcy court in Russia. In Russia, do any of ...more  
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 missouriminer on Feb 13, 2011 1:11pm
Nord Gold Postpones Public Offering Article Tools Print /l.yimg.com/ds/orion/1.0.15.59/img/badge-logo.png") no-repeat scroll left top transparent; height: 16px; width: 16px;">Yahoo! Buzz Related ...more  
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 !!!
Comment by ThyFish on Feb 14, 2011 8:55am
Wow, you really are out to lunch.  Of coarse Chris has a vested interest in HRG as most of us do, but what is your interest?  You're in, you're out, yet you still linger around this board.  You speak of Chris's projections being out to lunch.......where are your projections other then spewing some ridiculous price prediction, an unrealistic scenario to the Prognoz ...more  
Comment by missouriminer on Feb 14, 2011 9:04am
High River Gold Mines LtdHRGgo to snapshotOlderreplypostNewerthreaded viewprintemailreport abuse RE: RE: RE: HRG is not undervalued  ...more  
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