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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > Q1 and thoughts
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Post by Power1 on May 12, 2011 8:42am

Q1 and thoughts


A release came out saying financials will be out after the bell today.  Although I expect stellar numbers it simply is not translating to share price and there is NO INTEREST demonstrated whatsoever by Severstal to increase share value as demonstrated by their actions and/or failure to act.  

It's fun trying to understand their strategic direction because I truly believe they think they are smarter than the entire investment community and are trying to create intrinsic value for themselves by trying to steal this versus taking a more positive approach and generating significant significant windfall for all parties including minority interest.

Happy - HRG up over 2200% since the Mosher/whalen driven collapse
Sad - Current S/P is only a fraction of where is should be

Anger - Management doing NOTHING to support share appreciation beyond operating the company.  I think they are doing a good operational job but strategically are doing everything they can to keep this success out of the valuation.

Interesting - The games that are played trying to sweep this from minority interests
Comment by 1marketmaker on May 12, 2011 9:37am
I do not see that release, but trust you are right.  However, you must agree that the fact that they even SAID they will release after the market before doing nit is miles ahead of doing nothing like the last 12 quarters.I do however agree they are not been open and honest as far as their disclosures.  This is just more ammunition for anything legal I/we may do later.   Where is the ...more  
Comment by ThyFish on May 12, 2011 10:13am
Very well said by both Power and Market.  I don't see the release either but this is already very different from the past, not only are they stating when the results will be released.....they are coming out on a Thurs and not buried on Fri after the bell.  I for one think the results should be fantastic but I will still hold my breath based on the time of disclosure by these ...more  
Comment by Power1 on May 12, 2011 11:16am
You hit the nail on the headThese guys will be so easy to take down their credibility it is sad to see how truly blind they are.  I think all credibility is gone and there is no trust.  As such there is no major market interest to push valuation to where it should be.  Minorities would need to get some serious interest and cash to take the trade control out of CIBCI would love to ...more  
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