RE:Harte lnvestmentAfter just a brief look at operating results versus the 2019 FS, I would say not good.
They cannot get the planned tonnage at planned grades to the surface to mill.
Their hedges appear to be hurting them as well.
Too much debt, not enough cash flow to pay it back, now in default, Appian is charging 19% interest. This will double the debt in 3.5 years.