EXPM:HRTFF - Post by User
Comment by
Homestoneon Apr 18, 2021 8:37am
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Post# 33018500
RE:Debt/Gold Hedge program /NSR
RE:Debt/Gold Hedge program /NSRI'm quite sure Appian knew they were getting into a beleaguered company when they first invested.The whole point was to get into an operating gold mine cheap,in a safe jurisdiction,turn it around and get out.Still at the turning it around part.The same with this new investment by new gold.You don't invest almost 25 million on a whim.They do lots of due diligence.Yes there are lots of issues with dilution,debt,hedging and so on and so on,however In the big picture in a few years time some of that will be off the books and production is estimated to be @ 100,000 ounces per year.Yes many are lamenting the languishing share price,myself included.I still keep the faith.GLTA