RE:RE:RE:RE:RE:RE:RE:RE:However - the suspense is not totally overParay99 wrote: All these guys partner at the end to screw up retail investors. That is all I can think as the final outcome.
We all lost our investment with this for sure!
I don't think it's a nefarious cabal trying to shaft retail, but the end result is the same.
Each actor in the negotiations is trying to get the best possible outcome for themselves. Retail shareholders don't have a seat at the table - HRT management is charged with looking after shareholder interests, but they have other concerns as well, and have zero leverage anyway. Appian has a lot of shares, so one would think they'd be on retail's side, but they also have debt, royalties, and offtake agreements that they'll be trying to preserve. New Gold, at this point is in the same boat as retail. Silver Lake has taken the key position here, and no doubt the main negotiations are ongoing (or have already taken place) between their lawyers and Appian's.
The interesting subjects for the next few weeks or months revolve around who winds up owning the mine, and what happens to the other instruments - hedges, royalties, offtake agreements, secondary debt, accounts payable, etc. If the lawyers can't come to agreement the courts will be involved.
But I find it hard to see any way a positive result could happen for the people who bought shares yesterday. Literally no one with any influence is on retail's side.