GREY:HRIVF - Post by User
Comment by
Power1on Sep 29, 2010 9:09pm
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Post# 17509683
RE: RE: Thoughts on GOD & Bissa
RE: RE: Thoughts on GOD & BissaThe arrangement dates back to the Mosher/Whalen days. HRG picked up 7 million shares of GOD, issued a convertible debenture gave GOD permits to explore and retained back in rights on the Ronguen Deposit. GOD had rights to truck and use bissa facility when established. Don't quote me on the exact details because it's been a while.
Bottom line is GOD has access to the Bissa facility when built and HRG has back in rights on the Ronguen deposit. HRG has 7 million shares of GOD. They have recently began drilling again and I just find the run up intriguing considering where HRG is going.
I'm sure feeling foolish about dumping my .04 HRG shares @ .22 but I was in a heck of pain riding this thing down (averaged down all the way) from $2.00.