RE:Something doesn’t add up...You are right. Something doesn't add up. "So much gold there that they don't know what to do with it", but AISC that has never, ever, been less than the price of gold, and a company that is in default on their financial obligations. Doesn't add up.
Here's the thing - financal statements are audited. They are objectively accurate. Management comments in press releases are always full of spin, and will always put the best light on things, to the very edge of being deceptive. Rumours from a "guy who knows a guy" have an even lower level of credibility.
IMHO, Harte's finances have put them in a position where recovery is no longer likely without restructuring. One good month, or two or three aren't going to do it. If they unexpectedly hit a one ton pure gold nugget down in the mine, that still might not do it. It's all about cash flow, high interest debt, offtake agreements, hedges, financial and operationg covenants, and most importantly, time. None of those things favour Harte at this point, and time has run out.
For a couple years, I've been saying in this forum that I expect the mine to operate for years, and the region, the town, the suppliers, the employees and the creditors to all benefit. The eventual owners will also benefit. How much the current owners (shareholders) get to participate in that will be settled shortly, but, IMHO, all the other stakeholders interests will likely take priority.