High River Gold Mines Ltd HRIVF

Troika Dialog report on HRG 2010

[ccharlwood]

https://freepdfhosting.com/c79aec5592.pdf

[ThyFish]

Thanks Chris!  How ironic that a Russian firm would state the following about Severstal........looks like even out of Russian peers Severstal is known as the WORST!!  You think these idiots would start to get it....."Despite solid performance, High River Gold’s valuation remains depressed. At a current MCap of $950 mln and $286 mln in net cash as of end 2011, it trades at a 2011E EV

[discern1]

Does anyone have a similar report for Severstal?  Does Severstal get a 50% discount because Mardashov is the majority stake holder?  This seems pretty steep.

[hrgagogo]

The question is, if a russian firm is stating this, and this was the one that helped Severstal gather a considerable amount of more shares,  why are not any canadian firms catching on with the fact that hrg is undervalued and start to cover it.  Perhaps the answer is that they do not trust Severstal, and as such will not cover hrg.  Perhaps, they also know that the minority