Heliostar Metals Ltd V.HSTR

Alamos

[deepthinker63]

So, now Heliostar is now in business with Alamos.  Is there an opportunity here as regards Unga, which is just sitting there

[Ungawatcher]

The only thing I've read, is Alamos and Argonaut have some kind of "buddy-up" agreement, that I don't completely understand. I didn't see HSTR mentioned in the newsrelease or how it will affect the agreements made between HSTR and Argonaut.

[deepthinker63]

You mean an acquisition?  Argonaut will soon be no more, which means Alamos will have to decide what to do with Argonaut's assets, including what Heliostar must deliver to Argonaut.  Just seems like an opportunity to bring Unga into the mix.

[Ungawatcher]

Jacques is calling the shots. I didn't read that it is a complete acquisition. Does this aquisition include language that HSTR's fiscal obligation to Argonaut will go directly to Alamos? Or is it separate and Argo exclusively keeps the HSTR deal? If Alamos absorbs HSTR's obligations, it could change the dynamics enough for it to make sense for Alamos and HSTR to merge. (Alamos

[deepthinker63]

Ok, yeah, there's going to be a spun off company with Argo's Mexico and Nevada assets.  I guess that will include whatever Heliostar owes them.   I think it's highly likely there will be a deal with this spin-off simply because Heliostar's stock is in the toilet and they can't afford to pay what's owed.   I'm guessing we'll see something fairly soon

[Ungawatcher]

Interesting class action lawsuit being filed that will ban "Naked Short Selling" in Canada, that may also mean jail time and a fine 3x greater on the money they swindled. HSTR was named as one of many being affected and may explain why the share price has been so low and why Funk had to raise money that has nearly destroyed the share structure.