Team, Thanks to Chris Charlwood for alerting us to this news item on Bloomberg regarding High River Gold (HRG) for your information:

Yesterday’s Bloomberg  article (posted below) reiterates some of the statements made in the recent Reuters article. Severstal is definitely not making a low ball offer to High River Gold (HRG) shareholders short term, are probably going to buy out Troika’s (?) shares and have acknowledged that when they do take their gold assets public, they may do so with only the stakes they own. As mentioned, this is good news as the HRG shares will have to move up to mirror the values Severstal would be stating to the investment banks taking them public. Otherwise, if HRG is still trading at these low levels, the banks could be doubting the Severstal Gold values with HRG as the measuring stick (read more…)