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Bullboard - Stock Discussion Forum High River Gold Mines Ltd HRIVF

GREY:HRIVF - Post Discussion

High River Gold Mines Ltd > anyone adding?
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Post by rob2000 on Jul 17, 2011 9:09pm

anyone adding?

Interesting chat lately. I've been an HRG holder for about 10 years now. I've added more on the downturn in last couple years. With all this talk of HRG being undervalued so much isn't Severstal running the risk of diluting their share base by continual selling? I would add more here if I was confident that this wasn't just another temporary upswing. Anyone adding? The chart seems to indicate a pretty strong base at $1 so I'm guessing that's the downside. As far as upside are we ready to make new highs?
Comment by tom_abc2003 on Jul 18, 2011 8:05am
The chart will not tell anything about the HRG,  but the financial information tell otherwise.     I don't think it is Severstal try to keep the price down but it is different group people try to keep the price down by playing the Severstal or Russia Card.    It is the Russia, so it is said in Globe and Mail.     This stock will not go to far because the ...more  
Comment by bart_dc on Jul 18, 2011 8:38am
tomit won't take more than a year to reach 2+.You are correct in your assessment but you're missing one important issue.Severstal wants to float Nord Gold and for this to be able they need to take HRG private OR let it reacha much higher valuation (2.5ish).Don't forget that Eric Sprott told Nord Gold management that he is convinced that HRG is at least 50% of Nord Gold valuation (3-4 ...more  
Comment by missouriminer on Jul 18, 2011 3:54pm
 We continue to add, depending on your skill level/ Even at $1.50 BS offer your still looking at 15% return. As far as a base at $1 the chart may signal it but I doubt you will ever see that per share again
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