High River Gold Mines Ltd HRIVF

HRG 50% of Nordgold

[discern1]

As of right now, HRG's market cap is 50% of Nordgold's.

I previously calculated that it should be 70% of Nordgold's due to the cash assets HRG has as opposed to the outstanding debt that Nordgold has.

 

At the rate Nordgold is tanking and HRG is holding, Nordgold should be properly valued for a share swap in about two weeks from now.

[yakman]

As much as I would like to be excited about this I do not even want a two for one share swap if it comes with a lower valuation of HRG.  I want more value for my shares. Nord could use a two for one share swap to consolidate HRG then start promoting properly.  Banking on the fact that many HRG shareholders will sell before or shortly after the swap. I still think that this is all a way