EXPM:HRTFF - Post by User
Comment by
micromikeon Sep 03, 2021 10:05am
165 Views
Post# 33808773
RE:Someone knows something!!
RE:Someone knows something!!Are you on drugs? There sure are some delusion people on here or else company employees.
Didn’t you read the latest Q report? Just in case you didn’t
Based on the Company's updated outlook and guidance for 2021, the Company will require additional funding by Q4 2021.
At this time, the Company is unable to provide updated 2021 production guidance as the Strategic Review Process continues to evolve, but believes its revised 2021 guidance, issued on May 13, 2021 , is at risk and may not be achieved.
On August 3, 2021, the Company received notice from Appian that events of default have occurred under the Appian Debt Facility and related financing agreements.
The terms of the Appian Debt Facility provide for default interest at a rate per annum equal to 19.0% from the date of default.
AISC $2033
Have you seen any funding lately? Whoever funds them are going to take a major piece of the pie which means shareholders get less. If they go bankrupt. Then 10% on the dollar. Shareholders get nothing. The only thing going for them is that the major debt holders don’t want to see 10% on their investment. Catch 22.
The only hope they have is if gold can hit $2033 which is what it cost them to mine it. They improve mining operations.
They drill and hit the mother lode. I haven’t heard that they are drilling. Maybe I missed something.
There’s some hope but not much. I don't see much upside but what do I know.