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HRG is worthwhat Severstal wants it to be, and that will be a little as possible. I have been on the HRG bandwagon for a longtime, and will continue to hold some.But this is a loaded deck and it is stacked against us….unless. For the longs who have held for a number ofyears, not a problem. But how long wouldit take you to sell a couple of million shares?Answer, way too long.
As far asHelmer’s article goes, the opinion of Nord Gold’s spokesman is pure nonsense. Similar to a child crying that he is anorphan, just after he has murdered his parents. Follow the Russian logic, myboard, my rules, my game, my time frame.I called it 3 months ago, they will continue to suck cash out and giveback worthless notes.
They willwind up screwing the minority stockholders, but in the end Severstal will out “cute”themselves because no one truststhem. They can only do business withless than desirable 3rd world countries. The IPO for Nord Gold won’t ever work, notever. Just look at any other Russiangold company, all are for sale, at fire sale prices. The rest of the world flourishes, and Russianrun companies flounder. Couldn’t happento a nicer bunch of pukes.
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