severstal is reportedly spinning out it's gold arm in an ipo in london by the end of the year. severstal gold controls hrg.

but hrg is in the middle of putting prognoz, it's partner in exploring the prognoz silver deposit, through bankruptcy using their company, buryatzoloto. hrg indirectly owns 50% of prognoz.

the real question is how much the remaining prognoz holders are going to get in exchange for giving up control of it.

the process, reported in june, could take up to 5-7 months.

prognoz, as reported on hrg's site, has 51m measured ozs of silver, 51.5m inferred.

i'll buy that for a dollar!

thx danno 13

excellent presentation! he calmly lumbers through his speech. every so often he gets really excited and struggles to keep the cards close, keeping as much as possible to the facts.

a festering feruncle of volcanoes and plutons super heats the area and creeks of gold, gravity separated, spill down the shears, down the vents, displacing into the voiding magma chambers. a veritable chocolate fountain of gold!

you can just see him wanting to jump up and down with it. well, i can.

some stops @ 3.51 tripped? tripping other stops?

autobuys below 3.50 applying counter pressure?

anything on offer under opening price getting snarfled up in a minute or two.

unless it bounces down on monday, that 2-300000 opportunistic surge bodes well, i think.

good day! been lurking for a while, thought i'd chime in. enjoy you guys muchly.

the sirius threads on seeking alpha are dark fun as people pound their heads against the board in their frustration about that moment when satrad goes golden. there's been no such reverse in sgr, as there was in siri, and some of those guys are seriously underwater, like going back to work type of under. i'm a latecomer to sgr and i'm still slightly in the green so you early guys must have a potfull already. why so IN-tense?

the drop in shorts was an important indicator. the high volume on thursday was an important indicator.

the lithium purchases indicate a desire to diverisfy, perhaps into mixed metals recovery- this is at least medium term, indicating an interest in continuing to develop the company as an independent entity.

the report does not include the emperor zone, does it? access to that zone is potentially through the hinge, as stated in the emperor report, mid-august. it is potentially a high grade continuation of 007, 400 metres away. so besides emperor, that's possibly almost another half a klick of ore! this zone was explorational and volumes haven't been reported yet. maybe that's where the missing half mil went. the emperor zone report showed up late on my yahoo biznewz.

the emperor and the tube connecting to 007, yer getting close to yer 6 mil. and none of the reports indicate finding clear endings, so extents are still ultimately unknown.

there's another point i'd like to make- i learned of this most current report on agoracom (thx), it didn't show up on my homepage until 3. it wasn't on the yahoo sgr page until noon. which is unlike my usual experience.

the loss of half a million ounces and the stock closed 1 cent down. and gold was down all day. was sgr even noticed?

i wouldn't be expecting a buy-out. this thing looks like it's been roped off by agreement. they keep finding new targets and potential value is still undetermined. in a mining nation, every generation needs a dennison or two.

the emperor report, the update on the project. if mgmt now releases a completed volumetric report on emperor, that might qualify as yer blizzard of announcements.

respects