Heliostar Metals Ltd V.HSTR

Buzz on the Bullboards: TSX spotlight – Bombardier, Sonoro, PyroGenesis

[deepthinker63]

They wasted a year.  I believe there was an agreement with funders of the Ana Paula acquisition to promo drill and pump so that they could exit with a big gain, but that put the decline on ice

[Jonathon Brown]

Bombardier’s aviation advancements, Sonoro’s acquisition, and PyroGenesis' biofuel contributions highlight the opportunities in the Canada. read article.

[PressRelease]

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2024) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce a non-brokered private placement of up to 18,867,924 common shares (the "Offered Shares") at a price of $0.265 per...read article.

[deepthinker63]

What exactly did all their promotional drilling get them?  Not much, other than allowing big investors to exit. Alio was hot on the trail of possible new discoveries till they had to stop work on

[deepthinker63]

$20 million is not nearly enough.  The market wants new deposits.  That's why the decline matters.  It allows them to really test what's down in the Hornfels Skarn.  

[Baron28]

Yep. And now in June 24 (!) they postpone webinar about what to expect in 2024 .... that should have taken place in January / February.

[Baron28]

I think the 20M deal could work out well. They need to invest a lot of money to get this one going. If it works the 20M will prove to be pocket change. If they fail we are all left with our pants down

[Franschoek]

If the banks offered good deals to explocos there would be no need for equity financing.  Why aren't the kind of deals that are offered to banks offered instead to shareholders.  Reward

[dude96]

I'm sorry but until we see the results of the latest deal I'm voting against your sale  of either property.  Even if we do get a healthy dip of the gold price I think it will keep

[deepthinker63]

Going to cost much more than $20 million.

[deepthinker63]

I almost forgot about Alaska.  Does the Supreme Court case and new president possible change the fortunes of the San Antonio project?  I think they had 3 years to get a permit.  I

[kojack1]

Sell Alaska and concentrate on Mexico.

[deepthinker63]

It came with the property.  

[deepthinker63]

Ridiculous discount, and way too many warrants.  This is a dumb deal.  Would rather have dilution.  Funk flunked.

[Franschoek]

Let me be clear, usuaully I refer debt arrangements to equity issue when it's feasible.  This proposal is a head on crash.  Ten percent interest would be normal, but the 30 percent hedge

[PressRelease]

HIGHLIGHTS:Debt Facility to fund completion of the Decline, Test Mining and processing of a Bulk SampleThis self-funding path is an innovative means of funding the advancement of the Ana Paula Project and minimize equity dilutionFunding expected to be repaid within 30 months from drawdown through...read article.