Harte Gold Corp. HRTFF

Default on debt payments within 3 months

[Flyhi2004]

Then Appian and BNP take over the mine on a restructure deal and the share holders get nothing.

There is absolutely nothing to look forward on with this company for years to come. They can't even get enough skilled workers to run the mine and need to hire contractors again.

[Specific]

From nr..... "There can be no assurance that the strategic review will result in any transaction or that the Company will be able to continue as a going concern." this is the same phrasing from about a year ago when Sam was the boss.  and a few months later he resigned due to personal reasons ???? I suggest that he didn't want anything to do with this piece of sh*t

[Homestone]

Lots of companies use contractors along with their own workforce.That is nothing new.The labour pool is very tight in the mining space and it's hard to get and retain the right workers.As for Appian and BNP taking over the mine ,Appian and BNP are investing and banking companies,they don't run mines.I think New Gold saw the potential and got their foot in the door.Why else would they put

[ballot123]

Very well put, Homestone. I guess the intensity of reactions is on direct proportion to the cost basis each one of us has in this Puppy. There is absolutely no justification for the lack of transparency being displayed by our "leaders". credibility is everything. 

[Homestone]

Transparency is very easy when things are going well and not so easy when they are not.Changing the guidance lower was not what anyone wanted to hear but it was necessary to come out and say it.Now if they can hang on and exceed the new guidance that would be good.Actually I thought the new management was doing a better job of keeping shareholders updated,unfortunately this time it was necessary

[Flyhi2004]

[Flyhi2004]

Home stone... I appreciate  your efforts to try and justify the managements team to say they are doing the right thing but the facts are obvious....we have been mislead from 2 months ago....all was great and on track for 800 TPD....they stated sufficient cash flow well into the future...now they state default  within two months.... It's so simple...they screwed us... There is no

[Flyhi2004]

While we are at it   Can we issue the executive team more warrants and free shares for all the good work they have done this quarter.... What a F Joke......They even had the nerve to  issued themselves shares for free and then deal us this $hit....

[Homestone]

Actually Fly a credible company does function in this manner.Tell it like it is.Find out where the problems are and take steps to fix them.Admittedly they fell short of what was projected and no one is happy about that,however there are many companies that struggle out of the gate.This happens to be one of them.There is potential but somehow they have to find a way to unlock it.Maybe some company

[ballot123]

Homestone, you have to start writing all future news releases. You are way more consistent, especially given the scattered info and logic of this last release. It's like someone was paid to think up every last negative issue and then talk about those issues as if they were routine and previously discussed.

[Fredfudpucker00]

Homestone, I think if this mine does make it to the sale option it will be Barrick who steps in . They have $5.2 billion in cash and an indrawn $3 billion credit facility. All other area mines have projects underway that require their cash at moment. Remember that Sam and Mark Bristol know each other well as they are both from South Africa.

[Fredfudpucker00]

Indrawn should be undrawn.

[Homestone]

Undoubtedly  Barrick has already kicked the tires and has eyes on this.The biggest unknown is the rest of the property.What is there waiting to be uncovered?TT8 and the new 18 km trend recently discovered.That to me would be good reason for Appian and BNP come to an agreement to keep the company solvent .It would be a shame to have to sell only to find out later that there is much ,much more

[Fredfudpucker00]

The only way you realize the potential is to throw more money into this mine. Even if Appian and BNP keep this mine going it doesn't mean us small shareholders will be left with much. Read article when Appian started fund 2,and they said they would spread the wealth among all shareholders. This sounded good until I realized they weren't grouping all Harte shareholders in this group. Appian

[Homestone]

Agree about having to throw more money into the pit.You are correct about the Appian funds.They have nothing to do with us shareholders.Appian has ways of extracting money from the operation while the average shareholder gets nothing.BNP makes money and so do the hedgers.The rest sit idly by waiting.At the mercy of the money lenders.They make sure they get paid that's for sure.Skim the cream