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Heliostar Metals Ltd V.HSTR

Alternate Symbol(s):  HSTXF

Heliostar Metals Ltd. is a Canada-based junior mining company. The Company has a portfolio of high-grade gold projects in Mexico and Alaska. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. Ana Paula gold mine is located in the Guerrero Gold Belt of southwestern Mexico, which is located approximately 15 kilometers (km) from Torex Gold’s El-Limon mine. The San Antonio project is located in the southern peninsula of the Baja California Sur state of Mexico, approximately 45 km southeast of the city of La Paz and 160 km north of Cabo San Lucas. The land package is over 46,328 hectares. The Unga gold-silver project covers 250 square kilometers of neighboring Unga and Popof Islands, near the Alaska Peninsula and approximately 900 km southwest of Anchorage, Alaska. It also has the option to acquire a 100% interest in three properties in the northern portion of Mexico's Sonora state: Oso Negro project, La Lola project and Cumaro project.


TSXV:HSTR - Post by User

Comment by Ungawatcheron Feb 13, 2024 2:36pm
91 Views
Post# 35878149

RE:RE:RE:Of course

RE:RE:RE:Of courserondun5, I know the outlining benefit of keeping Unga if the stars line up, which in ordinary circumstances would. We really shouldn't have seen Funk being forced to raise money with share prices considerably lower than the combined value of Ana Paula and Unga.

I know Funk can no longer capitalize selling off Unga that originally would've put millions in the bank while driving the share price and further develop Ana Paula and flexing some muscle on a scroundrel (s) for whatever reason has purposely dropped the share price down to $0.20 and made it impossible for Funk to raise money above $0.80-$1.00 a share without crushing the stock.

The one thing none of us expected is someone willfully (my opinion) putting an enormous low ball sell order and cause buy orders to be lower than current price.

Being a long term (small time) share holder, I do not want to see any more changes in share structure because in the end we might be the ones who won't benefit when Ana Paula mine begins producing.
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