EXPM:HRTFF - Post by User
Comment by
jdn55on Dec 13, 2017 10:45am
208 Views
Post# 27146364
RE:Poor Management
RE:Poor ManagementI peronally don't like the timing of this financing however there may be short term factors as to why it was done such as the risk of poor market reaction to the new 43-101 when it's released and then having to raise money at an even lower share price. For example, if the guidance on the new 43-101 has been 2MM - 3MM oz (and I do question why they've been public with this guidnance) and the actual 43-101 comes in at 1.7MM or 1.8MM oz you may see a short term sell off even though everything is wide open to build on the reserve/resource.
The bottomline however is you have one strategic investor that is maintaining their position and a new strategic investor who has initiated a position. They have confidence in the long term viability of this project which is a positive. These guys aren't always right but they have access to more information then us retail investors do, have the ability to understand this information better then the average lay person and have placed their bets accordingly. Further to that these guys won't take a position unless they see the potential for a multi-bagger from current levels.
I personally will believe more in the strategic investors that are laying down millions of dollars then some shill (you know who you are) posting on a bullboard. GLTA