EXPM:HRTFF - Post by User
Post by
TMG12FORWRDon May 07, 2019 12:24pm
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Post# 29720110
The elephant in the room is and ...
The elephant in the room is and ......always has been to the printing of shares to advantage of the lenders ever increasing the OS Wall.
...from the recent news, the next emphasis will be on continued exploration and discovery.and..apparently they want to cover these costs with ounces recovered..and,
...operating and maintaining both mine and mill are other costs they want to cover with ounces recovered...and,
...there are also the costs of the new fainancing, now more in HRT's favour, which they will want to cover with ounces recovered...which,
...brings us around to the new, increasedt 800TPD limit...
...can the new ounces poured cover all costs once attained?
I like the new financing but nobody can possibly like the significan.tly increased shares nor the price set on them
I agree that the next catalyst will be the convergence zone assuming it proves up as they are hoping for. Another positive zone discovery is another.
The increased ounces they are expecting to recover as well as growing these(down the road increase in allowable tpd.) or finding more ounces per like 10 or 12 instead 5 or 8. With this there is also the possibility of significant, sustained increase in the price of gold.
Some time in the distant,distant future they may actually be able to buy back shares.
I think shareholders are going to have to continue with the waiting game as HRT slowly grows and develops its gold recovery potential. Along the way, they may come across an "eureka".
I'll sit on my shares and see how they do financially with their 800tpd production level.
Bit pi#ssed off at being handed another management preset of SP and that may again smother ther good news potential to the SP. Que sera sera.