Harte Gold Corp. T.HRT

RE:RE:RE:RE:Steve Roman and George Flach

[DRILLER64]

rollon wrote: Action you are correct. SR can only exit on a buy out for obvious reasons. If more ounces are defined at depth it will take major capital investment. This becomes years of investment and management. That's not, I believe, what SR is planning. However before selling the operation (which he could at the moment without question) he will want to ensure that he is getting what the property deserves in terms of monetary value. As such he will continue defining resources. Currently he has a mill producing cash flow and a bankable reserve to be announced which will enable him to continue the program without paying usury interest rates and worrying about long term money issues etc. In short we will be at this share price level for many months. (unless the drill hits a significant find) In the interim he will continue drilling and expanding the resource. He is playing a long game ( 2 to 3 years) in order to maximise value with minimal risk in terms of cash requirements. Therefore we are at a crossroad. As an investor you either stay the course understanding that your investment is dead money for several months or you sell and deploy your cash in another venture. I remain long and strong.

I concur Rollon. With 1 caveat for the Bench Sitters. A "hostile" bid sooner than latter by a Mid Level or even a Large Producer say in the $1 to $3 with a little more drilling showing a high possibility of increased Inventory. Why a bid ? As I stated earlier Roman et al do not have effective control of the Corp. He needs Financials and a little Retail to get the 51%. Financials need an Annual Return on investment within their parallels of risk money . The longer it takes the lesser the annual return. They could be employing their Capital somewhere else for a similar or better Return. A lot of retail the Same. There are other reasons but this one being the main to create a majority to take an early buy out from producers that want a safe potentially large source of Inventory. The S/P being grossly undervalued at this point.