what's next

ok - given markets are down a bit on US related nerves, it is strange that HOG is moving a bit in the opposite direction.

Here is my suspicion about what is going on. Obviously, as per my previous post, management is not outlining a strategy for shareholders to buy into (assuming there is one). My guess is that RR is out scouting for new assets (which rumour has it he has been doing for the last 6 months or so) and may be getting some traction. Clearly someone knows something and is jumping on the short term trading band wagon.

Problem for holders who want to see this company get developed is two fold:
1) there still is no clearly outlined strategy; and
2) any new asset aquistion will come at a cost (dilution through issuance of new stock for asset or to raise capital to purchase asset).

In either case, even if a deal is done, unless the company changes fundamentally from a corporate management point of view and implement a long term plan (and communcate that to the market), my suspicion is that only day traders will benefit from this (good for them) and after the excitement of an initial announcement has died down, we are back at ground level with a new asset, a substantial dilution, assets in Ukraine and "god knows where" and still no clear strategy.

Very frustrating company with an underperforming board imo.