Harte Gold Corp. HRTFF

Harte

[arh0070]

It just happens that I have owned Harte (which I sold for a loss)NGD which almost went bankrupt over Rainey river and also SVL which is a well managed Aussie mid cap .Never did I think they would all be linked .
It is reaching towards the end of the year ,it just makes sense to sell Harte ,take the tax loss since it seems highly unlikely that Harte shareholders will get any money unless SVL makes a bid at 2.5 to 3 cents .SVL are smart operators so one would assume that they know what they are doing .One can't say the same for NGD or Appian or for that matter Harte management none of them have exactly covered themselves with glory .
the comments on NGD are right on the money ,since the Oliphant days it has been poorly managed and its share price reflects that ,the adventure into buying 25 million dollars of Harte stock at 15 cents a pop can hardly be regarded as a great investment decision.Blackwater was a great project and they had to get rid of most of that due to financial difficulties all related to Rainey river .Artemis which took over Blackwater looks like it has a chance of developing a mine there especially with the Wheaton streaming deal addding credibility and a lot of cash .
Appian is a financier charging 14% interest rates to Harte ,I imagine they have little prospect of getting there money back ,so SVL will likely make a discounted offer to buy them out ,
I have been an owner of Harte after the ngd deal (thinking they knew what they were doing)big mistake ,thankfully I didnt invest much .Haven't posted anything previously as had nothing to say .
Pretty obvious the board is filled with people who have lots to say of little value .
So nothing much more to say ,this will all play out fairly quickly as Harte is in severe financial difficulties with little prospect of being able to raise any money due to 2 cent share price and lots of debt .Retail shareholders are at the mercy of bigger companies who will decide Hartes fate .
If SVL hadn't stepped in Harte would likely be headed to Bankrupcy as it does not appear to have any viable financial plan to survive .So in many ways from the point of view of the mine and its employees this probably provides the best chance the mine will continue to be developed and thier jobs preserved .So to me the role of SVL would appear to be that of a "White Knight".