Harte Gold Corp. T.HRT

RE:RE:news totally expected

[MudCreeker]

Homestone wrote: For sure Appian is pulling the strings.Making the puppet dance.From the top came the orders.Do something to fix the mess we are in and get this resolved before the ship sinks.Appian wants to save face and not have a black mark on their stellar record in investments.Any which way it goes they will not lose but there is enormous upside potential and possibility of a sale at a very good price if they can keep it solvent and soldier on for the next 2 years.Get to the 1200 tpd and start making money.Money to pay bills ,the debt and fund further exploration without having to go to the market for cash.

I think you missed a key part of Appian's plan.  Between now and when they sell it out, they'll be accumulating as many shares as possible, using every bit of leverage they have, (and they have a lot).  Each step along the way, they will graciously allow Harte to buy their survival with shares and additional constraints and covenants that give Appian even more leverage in the next step.  When the operational turn around finally comes, they'll already own most of the shares, as well as a lot of the cash flow through the nsr's and offtake agreements.  At that point they'll sell it to the highest bidder.  New Gold's investment is just positioning itself to have the advantage over other bidders in that end-game.  

The current "review" is just one step in the process.  The previous step was last August so they're coming less than a year apart.  There might be a couple more before this ends, and none of them will be pleasant for retail.

This is not going to be a "black mark on their stellar record in investments".  They will do very well here.  As will whoever winds up owning the assets in the end.