RE:Would our major shareholders be happy with a dime?NO!
Why would they. Southeast Alaska has a skilled workforce, excellent power and transportation infrastructure and a long history of public and official support for responsible mineral resource development and mining.
The principals of HDI do have an interest in the company through loans.
I notice that a couple mature in April and August of this year. The amounts may be small but it shows how intimate HDSI is with the financing of HTR.
"The Lender may at its sole discretion, elect to convert all, but not less than all, of the outstanding principal amount of the loans into common shares at a conversion price of Cdn$0.10 until April 13, 2018, for the $60,000 loan and August 29, 2018, for the $50,000 loan. Any accrued and unpaid interest is to be converted at the greater of the conversion price applicable to the principal amount of the loan and the TSXV closing price for the Company’s Shares. Heatherdale is not obligated to pay any interest or the principal amount outstanding until the maturity dates of each of the convertible loans, when the principal amount and accrued interest becomes due and payable by the Company, in cash on demand to the lender."
Also:
The components of payables to related parties are as follows: January 31 October 31 2018 2017 Hunter Dickinson Services Inc. (b) $ 2,601,053 $ 2,431,955 Key management personnel (a) 118,300 101,728 $ 2,719,353 $ 2,533,683
What could happen is a foreclosure initiated by the lenders. So far they have made sure the bills are paid and the wolves kept away from the door. But for how long.
I have said it before and I will say it again, TKO will not make an offer for Niblack. The proxy issue that developed a couple of years back skuttled that plan.