Well I never thought we would see under a dollar again. What a joke.
I happened to be watching at work and my coworker, who also owns it. I guess not a total fluke, have the lv 2 up every day.
I'm shocked at the lack of interest, and I am incredibly frustrated and am shaking my head wondering as I am sure many others are.
What I do when I see things like this is remind myself
*We have 30c a share cash.
*What multiple we are trading at. PE and cashflow. Likely 4 something especially using forward projections
*That Severestal picked up more shares at 1.04 or 1.05 itself months ago when gold was several hundred dollars lower.
*That Severestal has not given up their intention to sell off their gold division.
*That we have secured our assets from Royal Gold
*Recently increased and continuing to increase reserves at Bissa.
*The repayment of 18m from our partners in Prognoz
*The dropping of one of the legal disputes related to Prognoz, and since there is no outstanding debt now, the likely resolution of the other suit.
Further if it is true that Alfa is backing the other 50% owner of Prognoz, we may now be able to move this thing forward finally. With litigation likely coming to a close soon, and silver at $33/oz, they would be stupid not to now.
And all with Gold and Silver prices at highs or a fraction away from them.
The value is here, sooner or later Severestal will want to monetize them itself, and we will get paid.
It sucks to have to wait this long, but this is a no brainer in the long run.
Know what you own and don't worry.
Nothing has changed with what you own.
While HRG share price has gone down, its value has actually gone up.
Figure you what the logical thing is to do.
This is a huge opportunity. This is just a liquidity squeeze. Similar when we went from the 70c range to 98c in one day back in Jan 2010 when short stops were triggered.