EXPM:HRTFF - Post by User
Comment by
Flyhi2004on May 20, 2021 9:04pm
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Post# 33245867
RE:What to do?what to do?
RE:What to do?what to do?
Wait for the restructure as who ever buys the company will get it for 70-90 million. Having said that the share holders will be out of all thier investment. Appain and BNP will get the cash and New Gold will buy the mine pennies on the dollar with Joe investor gettting $crewed.
There is simply no excuse for the company to be operating as they do. The management team once again misled the share holders only 2 months ago by painting a VERY rosy picture of the progress and guidance going forward. I have had it with them. It is been so many disappointments year after year quarter after quarter. There really is nothing to look forward to any time soon as BNP and Appian appear to be set to get even more. I thought 2025 was go time but based on the latest quarter that is unrealistic.
THEY SAID NEED TO DEVELOPE TO HIT THE GOLD. THAT WAS TO HAPPEN LAST YEAR. SAID THEY WOULD BE RE-RATED WHEN INTO COMMERCAIL PRODUCTION-THEY WERE RE-RATED FROM .40 TO .10.
Within 2 months they went from very promising to a total train wreck. Manning down 20%. Wow..great move transitioning to company work force. It won't get better as Magino opening and Gen Mining and Green stone. They will pull miners from here. Harte Gold had plenty of time to get thier ducks in order. AISC still 2200. Was to be less than 1500 now. The hedge was a $uckin joke.... The worst deal one could imagine when SR said the banks are breaking thier door down to make a great deal.
The new team showed thier colours too. 2 months ago all great then BAM... No MONEY-NO MINERS-NO PROFIT. MINING PLAN CHANGED AS THEY DON'T BELIEVE WHAT THEY SPENT MILLIONS ON TO PLAN IT AND NOW IT IS INCORRECT.
I don't trust them anymore.... They had thier chance. If the idea was to drive the price down so they could get some of the big boys 10 million more shares on the cheap out of a billion....well I guess that did work...
SO EXECUTION EXCELLENCE ON THE STOCK PRICE GOING FROM A FEW CENTS 11 YEARS AGO TO 85 CENTS AND NOW TYO 10 CENTS.
Maybe I am wrong and the stock goes through the roof now that the weak players have been squeezed out.
But lets look at what the company has to offer as of now...LIQUIDITY AT RISK AND CAN'T MEET DEBT OBLIGATION JUNE 39 2021.
Good luck to all...