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Harte Gold Corp. T.HRT


Primary Symbol: HRTFF

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.


EXPM:HRTFF - Post by User

Post by arh0070on Dec 08, 2021 9:11am
275 Views
Post# 34209906

Tax loss

Tax loss To take a loss you have to sell the shares .Now that it is delisted I am not sure how you sell the shares or create a loss for tax purposes.Silver Lake is a well run gold mining company with excellent properties operating in a politically safe country,truth be told Australia is probably a better environment to own a mine than Canada  .If you are a believer in golds prospects long term as I assume most Harte investors are ,then its a good buy at these levels .They are obviously acquiring a great long term asset ,to believe that anyone else will step in seems highly unlikely .It looks like they are getting the mine for between 33-50 cents on the dollar .They are excellent operators and know how to manage gold mines (they have severaL)
I Would have thought the miners will be relieved ,they have been living with uncertainty for months while the future of the mine was in doubt ,now its long term future and indeed expansion is secure .
Same applies to the town .There is significant consolidation going on in the mining sector right now ,I  own several operating in Nevada ,Canada and Australia and many of them are being taken over .
My only criticism of Silver Lakes management has been that they have not used thier big cash pile to pay a dividend or buy back shares ,it has however enabled them to buy Harte with cash ,pay off all the debts and plenty left over to expand the mine and undertake an big exploration of the property .I think this process will go quickly and the mine will be transferred to Silver Lake in a few months .Easier to buy an existing mine than explore and develop one . 
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