Harte Gold Corp. HRTFF

Metals & Mining Gold

Harte Gold Corp is engaged in the acquisition and exploration of mineral resource properties. It is focused on gold properties located in the province of Ontario, Canada. The company's exploration projects consist of sugar zone property and Stoughton Abitibi property. The Sugar Zone Property is located approximately 80 kilometers east of the Hemlo gold camp on the north shore of Lake Superior. It includes approximately 4 mining leases and 336 unpatented mining claims. In addition, it also consists of approximately 29,435 hectares within the Sault Ste. The Stoughton Abitibi property is located approximately 110 kilometers east of Timmins and 50 kilometers northeast of Kirkland Lake.

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Harte Gold Corp. > March 18 News Release About New Gold's Investment

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Comment by kitsune1on Jul 21, 2021 11:34am

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Post# 33581367

RE:RE:RE:March 18 News Release About New Gold's Investment

I understand the skepticism, but I have no shorts. I'm also sitting on a stash of stocks that I'm afraid could become worthless. Like many others.

The New Gold's 23.7 M (24.8 M - fees) came in late March, but on March 31st the cash in hand was only 21 M with over 40 M in current liabilities. Cash is burning fast. The corporate salaries alone is 1.8 M a quarter (it tripled in the last year). Its possible that they have cash to meet the 3.3M+ debt repayment and more for interest and the hedge payment, but statements in recent press releases indicate otherwise.

We'll get a better picture only when Q2 report comes out, but it may be late by then.

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