High River Gold Mines Ltd HRIVF

more buying by Severstal!!!

[discern1]

AMSTERDAM, THE NETHERLANDS--(Marketwire - Aug. 25, 2011) - Nord Gold N.V. ("Nord Gold"), a subsidiary of OAO Severstal ("Severstal") (LSE:SVST)(RT:CHMF), announced today that it acquired 12,065,300 common shares ("Common Shares") of High River Gold Mines Ltd. ("High River") at a price of CAD$1.29 per share on August 25, 2011 (the "Transaction"). The securities acquired pursuant to the Transaction represent ownership and control of approximately 1.44% of the issued and outstanding Common Shares as at the date hereof.
Following the Transaction, Severstal will have beneficial ownership and control over 630,627,472 Common Shares, representing approximately 75.06% of the issued and outstanding Common Shares as at the date hereof. The additional acquisition of Common Shares occurred in an over the counter transaction outside of Canada from a non-Canadian seller.

https://www.marketwire.com/press-release/severstal-increases-stake-in-high-river-gold-mines-lse-svst-1553972.htm

[topoftheridge]

the reaction we all should have is to buy more shares ASAP

[cjsell]

They need in excess of  125,561,000 additional shares to get to the 90% mark.. or 15 days buying 8 million per day.Question is who are they buying from?  Could it be Door number 1?  You know who that is, or was that Lord of the Rings Mordor or something......hmmmmm Severstal is sending a message, we are going to take you out, you pesky Canucks.  We will see $1.70

[jmr9757]

they're not going to get to the 90% mark. there are more than 10% minority shareholders who won't sell anywhere near these levels.what Severstal is doing is building what is called a toe-hold. or in this case, increasing their already significant 72% toe-hold. the 2 transactions from the press releases this week have been with 2 institutional shareholders, outside of Canada (as mentioned).