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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > hrg...next sttep...buy prognoz
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Post by missouriminer on Mar 30, 2011 10:34pm

hrg...next sttep...buy prognoz

roughly speaking  hrg  has no debt......100 mm  $  in investment stocks.....and 200 mm $ in cash. ....what a great move it would be to buy 90% of the 50% of prognoz now held by the other owners for 40 mm $ in cash and begin constructing the new mine with cash on hand. .there doesn't seem to be any obivious reason that group that did not want to pay the 18 mm $  debt they owed wouldn't jump at chance to sell a large chunk of their proggnoz holding for ea very significant payday....hrg may be very close to taking that step...maybe even by april 21st, next comming. ...if you have a choice don't sell any HRG....buy a little more if you can....MISSOURIMINER DAD
Comment by TheRock07 on Mar 31, 2011 7:08am
HRG is in the driver's seat re Prognoz.Management are like predatory hawks.They will strike when the timing is right.In the meantime, we remain undervalued for a gold production by several multiples, so our upward trend should continue.
Comment by bart_dc on Mar 31, 2011 7:19am
without Prognoz, I would conservatively value HRG at about 1.85with Prognoz, you can add about half a billion, so this would make 60 cents or 2.45.If they communicate well and start developping this 800 pound gorilla silver mine when silver trades at 37 thenthe stock can go to 3 CAD.The value that can be unlocked by Severstal/HRG management is so big and easy that even I would be ableto unlock it ...more  
Comment by tom_abc2003 on Mar 31, 2011 10:17am
Who care, prognoz will be second largest silver in the world.   All it count right now Hrg own 50%, it great idea to buy out the other 50%,  it will not happened.   Sliver is up up up and way up because currency issues in the world.   There will be more currency issue in coming month, gold and silver is the place to be.
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