Harte Gold Corp. HRTFF

Hrt comments from a stock advisory

[Specific]

Question:
This mine seems to be in a perilous situation. Bankruptcy is not out of the question I suppose. And now 3 Appian board members have resigned. The senior creditor is BNP and Appian holds "mega millions" of shares. In March, New Gold invested $25 million and still the sp is falling like a rock. What is your 2 cents on Harte Gold

Answer:

Although the company announced fairly positive revenue growth and profitability in its latest two quarters, the company has decreased guidance due to continued operational challenges as well as mitigating measures being taken. This suggests that future cash flow will be negatively impacted, and the company is certainly in a perilous situation with negative cash flows, a negative equity position, and high debt levels. The company has deferred interest for a third time, at a cost of higher interest expenses in the future. We would be very cautious around this name due to a worsening financial picture and reduced guidance which will worsen the financial outlook of the company. It is always a red flag when directors resign. The company is in the middle of a strategic review. These can at times bring better news, or even a takeover, but we certainly would not count on this in this situation. 

 

[wictor11]

So what happens at end of this month? $$$ is owed to creditors. What happens if no deal is made?

[Specific]

Hrt has had operational challenges from day 1. Three management teams have not overcome these roadblocks.  Excessive debt and ongoing dilution have been nasty.  NG or barrick may be suitors but because of operational challenges you can be assured a purchase would be at a discount. Not a chance they pay a premium for an uncertain project.  Mr. Market says .075 is the current

[RedBaron1234567]

Why are you posting this again  trying to spook us so you can pick up some cheap shares Tuesday. ?? go back to sleep - a - hole -

[ballot123]

RedBaron 123, I'm becoming quite a fan of your posts. I remember when you raised the possibility of Naguib Sawiris entering the scene. I realize that was many months ago, but the business is a very "small neighborhood" indeed. The La Mancha Fund is definitely on the march with its $1.4 billion consolidating fund. I'm also a fan of the Sawiris. And the Romans as well. CHEERS.

[Fredfudpucker00]

Ballot, read your words about about being a fan of the Romans. At first  I thought you meant Appian ,but realized I was wrong. I believe Appian was named after an old Roman road Appian Way. This road is one of the roads used in saying ( All roads lead to Rome). Cheers.

[Goldon45]

Stop being such an imbecile.  12 years of watching HRT and 10 years of ownership has proven one calamity after another and always a sagging sp after announcements.  Follow the trends on this, it isn't difficult.  Right now there is a trading zone between .06 and .09 with resistence at both.  Chances are, it is being propped up at 6 and held at 9.   Logically, and