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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

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Comment by missouriminer on Mar 10, 2011 5:13am
Thx for the great article topoftheridge.  Unbelievable, Severstals books are as red as arterial blood. Sev. has overpaid for nearly every Au asset purchased as of late. HRG is constantly held way under value and IMO Sev. has borrowed with HRG as collateral and done so at a SP higher than it is currently being capped at. How in the hell in the midst of Sev. financial meltdown does Alexei move ...more  
Comment by bart_dc on Mar 10, 2011 7:43am
missouri, I think you are missing something here. The share price of Severstal hit a high of nearly 30 at its peak and fell down to low single digits during the crisis. This made Alexei on paper very poor. But now since the stock price is almost at 20 again, he is rich again (on paper). You can't make a 1 on 1 connection with Severstal losing money. Severstals P&L is not Mordashov' ...more  
Comment by missouriminer on Mar 10, 2011 8:32am
bart, your right I'm missing alot! but I'm still fed up.
Comment by missouriminer on Mar 10, 2011 9:05am
sorry to be so short on that last post, I was mainly speaking of the monumental debt load but again your right I should not have compared Sev. $ position with Alexei.
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