EXPM:HRTFF - Post by User
Comment by
Goldon45on Nov 16, 2019 3:44pm
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Post# 30360700
RE:RE:RE:BK candidate
RE:RE:RE:BK candidateOperational history doesn't tell a pretty story for sure. Of the things you mention, labour is my only concern. The cold weather issues were addressed last winter and yes, another extreme winter will have a detrimental effect. If needed, it would be in Appians best interest to shore the company up. With the commission, the $10mm float and gold hedge, PNB is pretty safe. That is a concern but not if the operations issues are resolved.
Management has had too many distractions with Silvermet and Global Atomic to be effective managers at HRT. I will give management a chance to turn things around over the next two quarters. I am still 3x investment on this.
Only you can determine you risk exposure so yes, do what is right for you.