EXPM:HRTFF - Post by User
Comment by
petersburggrayon Jul 22, 2021 3:04pm
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Post# 33591054
RE:RE:RE:Looking Back
RE:RE:RE:Looking BackRedBaron your explaination makes sense. Harte is already in default to BNP, lender only given them waiver until July 30th, which was enough time for BNP to put BK sale deal together, at which point BNP forclose on mine and sell it to Appian for tidy profit. By buying mine out of forclosure from BNP, Appian save their equity at expense of all other equity holders. Appian probably lining up seasoned operator to sell mine to at premium after they buy mine out of BK from BNP. Win win for both BNP, and Appian as well as for new owner who get to buy fully permitted and built mine in tier 1 jurisdiction for significant discount to cost of building new mine from scratch.