High River Gold Mines Ltd HRIVF

re share swap

[james2001]

hrg will have 50  %   of reserves,has 50% prognoz and most of the profitability,plus Bisa

coming on stream in 2013.share swap at 2 to 1 with a listing on tsx maybe.never at 3 to 1.however

at the end of the day the funds will deside the issue.

[tryte]

Why is everyone so opposed to a share swap? Nord has Severstal backing them. They don't NEED our shares. They can wait this game out as long as they need to. What if they decide to wait another 2 years before making an offer? Will you be more likely to take said swap at that point or will you have sold for far less than fair value and moved on?   For me, i want the biggest return on my

[bart_dc]

I agree that it is hard to wait for a swap or buy-out or even higher prices but I disagree with your statement that HRG sucked the last year. Ok the last 2 weeks have been horrible but the 52 weeks before that were flat while almost every stock was down in those 52 weeks even more so if you only look at precious metals stocks.   B

[tryte]

You're right. It has held steady while the rest of the market tanked. However, that doesn't make HRG a good performer. All that comes down to is HRG's small float. No one is trading it. Considering HRG's postion, with proper management and a float not owned 75% by Nord, this stock would have traded up over the last 12 months even with the bad market conditions. We should be sitting

[Gamel]

tryte, when you are really convinced that NORD is the better option than HRG...why don't you move your money there? i cannot follow you, sorry! have you seen the Q1 financial reports,...NORD has problems, but this has nothing to do with HRG!!!  HRG is the best asset!

[tryte]

I wont be moving my investments to Nord for a couple reasons. One, its not traded in Toronto which makes it expensive to trade. Two, Nord will not see its true value until it consolidates HRG. I would like to be a part of that consolidation hopefully for a profit.    My point, that folks seem to be missing is that expectations are too high. A 2:1 swap would be lovely. You wouldn't

[December3]

ah..................... if Nord is not traded in Toronto, and IS expensive to trade.... then why would anyone want Nord shares at any ratio - and not CASH? . I'm just sayin'  

[WolfgangE]

Seems to me that from Mordy's perspective a swap arrangrement is the most likely offer that we as (mostly long term) minority shareholders of HRG can expect. Even though he was talking about a dividend, I really believe nothing that comes out of his crooked mouth anyway until it actually materialises.  So if a 3:1 or 4:1 offer is made, the first question is,  how will it be unfolding

[tryte]

Well said. I think it's important to find a way to get the process expedited. Trying to keep the lines of communications open is important, whether or not the information is accurate. You never know if they eventually let info slip.   If they keep "borrowing" our cash I do agree that we should attempt some form if legal action, even if it's a warning letter from a lawyer.

[Novaman67]

December3, as I have stated before about trading shares on LSE from here can cost up to $1,000 according to my broker at CIBC.   That is why I am out.......Nova

[Novaman67]

My usual trade costs $6.95.......Nova

[December3]

Yousa and Ouch!  Now I see why one would not want LSE shares.  That is a pretty high fare to ride. . Anyway one could roll those shares into a comparable account with another broker, if indeed Mordy sticks us with Nord shares?  Hope there is some other alternative for you.  er, unless we can squeeze out a cash deal?

[Novaman67]

December3, that is the rate for anyone on this side of the pond,,,,does not matter who you are with unless you live in the Eurozone,,,,,,Nova

[Novaman67]

December3, That is what the phone support told me when I called and told him how many shares I had and the expected numbers on the share swap at the minimum, as it will be more because then you have to transfer the money home......Nova

[December3]

Well, goodness... if one holds several millions of dollars worth of shares then I could see where the 1K cost would come from.  The key will be what is the transaction cost as a percentage of the position? . Looks like you'll have the opportunity to increase your cost basis and as such lower taxes? ;) .  

[December3]

Hmm, I dunno..... looks like IB has a flate rate of 6.00 GBP for trades up to 50K GBP, and an additional 0.05% for everything over 50K GBP with a maximum of 29.00 GBP per order.    Switching between Loonies/Clownbucks should be a straightforward FX trade.    

[Novaman67]

December3, I only had 57.000 shares @ 0.56 ACB..........the stock was @ 1.25/share at the time.   That was the quote from CIBC on a 4:1 swap for Nord Gold, but the money still had to come over here to my account and that didn't sound easy to me according to the guy on the phone.   Regards.......Nova

[bart_dc]

Nova, I'm sorry man but you just don't have a good online broker. If a share swap gets proposed, you just have to transfer your shares to another broker whereby the receiving broker probably will pay for the transfer (is a much used marketing tool in Europe to get people to change brokers). Other holders probably won't have that cost if they check with their broker. B  

[missouriminer]

Nova I am guessing that as soon as a share swap is announced publicly that HRG SP will immediately start trading on the various exchanges at a price comparable to the proposed share swap ratio. For example I'll use a ratio of 2 HRG shares for 1 Nord, I think the SP of HRG would immediately start trading at 1/2 the current Nord SP on all exchanges HRG trades on until such time the offer is

[Novaman67]

Hi MM, I would think you are correct in your assumptions.    Stock prices always take off after I sell them........lol   Take care Bud, see you in August.......Nova