EXPM:HRTFF - Post by User
Post by
arh0070on Dec 15, 2021 7:58pm
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Post# 34235056
Denial
Denial There seems to be a considerable amount of denial of what is happening .The mine went bankrupt ,had essentially no funds to continue operating .No one else stepped up to buy the primary debt ,not Appian ,not NGD not Sprott.Silver Lake has provided 12 million to keep the mine operating whilst the court makes its decision ,who are they going to choose I wonder .
The 1 billion +shares will make nice wallpaper if you have the certificate ,nothing else .They are suspended and will never trade again .
I happen ,just through serendipity to have owned Harte ,NGD and currently Silver Lake .Personally I wish I had never heard of Harte or NGD ,as an investment they have both sucked.
Thank goodness I have had some 10 baggers in the past .When one invests in small miners the majority end up going bust like Harte ,you have to hope that you have a few 10 baggers out of your choices .Two of them happened to be small Aussie miners such as Deg and KZM .Australia in many ways is a more favorable place to invest in small miners .These days its simple to directly invest there if you have a decent brokerage house .
In terms of Silver Lake any benefits from owning this mine will not be manifest for several years so I doubt it will have a lot of impact on its share price for some time .
Currently owning Gold miners is a terrible place to invest money ,most of them have tanked .
The only thing that is holding up is Franco Nevada and Freeport both of which I own .
I have invested in this space for more than 40 years so am well familiar with the peaks and valleys ,one should never put all ones eggs in one basket no matter how good they look .
What is the definition of a small mine ,"a hole in the ground with a liar in the middle of it ".