High River Gold Mines Ltd HRIVF

Q1 2011 will not be released unitl June.

[cjsell]

Shake your head, shame on Severstal.  In fairness of disclosure, I called HRG and asked about the location of the AGM and would the Q1 numbers be released after the market closed today.  I was informed by the controller that the Q1 numbers will be delayed until June sometime.  He claimed that HRG was allowed to delay because of IFRS requirements.  Since these are not audited numbers and they have had 1 year to prepare it is just more bull from the russians.

I for one cannot wait for the AGM.  Very pissed-off at the moment.  No disclosure, nothing on Sedar, yet no news, no guidance.

I say we have to step up and challenge Severstal.

CJ

[canoe2000]

Shake your head, shame on Severstal.  In fairness of disclosure, Icalled HRG and asked about the location of the AGM and would the Q1numbers be released after the market closed today.  I was informed bythe controller that the Q1 numbers will be delayed until June sometime."Looks like you dumped your shares just after your post.  Am I right?

[bart_dc]

There's nothing you can do about it.If they are allowed to postpone results until June because of first IFRS results, we can't challenge them.The best way to react, instead of getting fed up and dumping is holding strong and buying more.THAT's what they won't like you to do. If you sell, you're making them very happy.It's all about the cashflow.... do the math.

[cjsell]

Sorry, nope, it was not me. Hmmmmm, I guess if I wanted to  I could keep the price down underwater for about 2 months the way HRG has been trading of late.  Tell you what, I will sell you my shares for only  $2.50 a share, as many as you want....no kidding!  I would be a buyer on the dips......CJ

[1marketmaker]

[ThyFish]

What is IFRS and the requirements?I am so sick of this bull.  Has anyone heard from Chris on the letter that was sent to Severstal?  I for one am holding long but I truly believe it's time to take some action.  We were not told about the updated resources from Prognoz .  They continually neglect their responsibility for any PR.  They used HRG as a piggy bank

[1marketmaker]

IFRS is a good thing as it brings their reporting standards to new international standards, likely required for some investments.  Doing it now helps us in the long run.https://en.wikipedia.org/wiki/International_Financial_Reporting_Standards   

[ThyFish]

Thanks for the link Marketmaker and after reading I agree that this will be good for the long run........however, I guarantee you this is only because of NordGolds hopeful LSE IPO.  In addition how does following these new guidelines delay our Q1 earnings release and why are we hearing this on the Stockhouse BB rather then a news release weeks ago so not to shock the market?  Why, I

[katchum]

I'm just frustrated that all gold mines are crashing down while gold is still at $1500.

[openwater]

I've been long since 9 cents and follow this board daily.  Severstal has so clearly demonstrated that they cannot be trusted to deal with their minority shareholders in a fair, ethical manner that any company they control will always trade at a huge discount.  The only way the true value in HRG will be released for us (and fortunately for them too) is if they

[hrgagogo]

Is there not a way to request, as minority shareholders, to the TSE that q1 be reported, as HRG is a canadian company and according to the rules, HRG is required to provide results within the TSE rules and requirements?  Why are they allowed to break these rules and we cannot do anything about it.  It does not make any sense.  Has anybody approach the TSE to enquire or to complain?