Harte Gold Corp. HRTFF

However - the suspense is not totally over

[justrelax2]

On expiry of the
forbearance period, unless extended or otherwise amended, Silver Lake will have
the option to exercise its rights under the Facilities and associated documents.

[remedy]

Yes, but they also say    Silver Lake intends to work cooperatively with Harte Gold and its stakeholders to deliver an outcome which will provide the best opportunity to realise the full potential of the Sugar Zone mine and the associated land package.

[remedy]

More tan a ray of hope Seems like a leak of news to me. Am i reding all this right?  " a drowning man will grab onto a floating straw"

[remedy]

Should of added, they paid BNP dollar for dollar, no discount for bad debt.  Hope there is somes crumbs left over so we can ride along with Silver Lake when the dust settles. Salvage something with a future to get back some $$.

[MudCreeker]

Can you tell us where you got that piece of information?  All I see in their release is that they didn't pay a premium.  "The consideration did not exceed the outstanding principal and interest balance."

[BobTheKnob2]

When I read this part "The consideration did not exceed the outstanding principal and interest balance."  It says to me that Silver Lake paid somewhere between a penny and 100% of principal + interest outstanding. Let's face facts, not just the BNPP's First Lien debt, but also Appian's Convertible debt were both in default. I have never seen any distressed debt trade

[BobTheKnob2]

The really interesting conversation that is probably happening right now is between Silver Lake and Appian. Silver Lake is probably playing hardball with Appian. I would imagine that the topic of Harte seeking the Court's protection under the CCAA and occuring on December 1st has already been broached by Silver Lake. They probably have Appian's feet held to the fire as part of negotiations

[Paray99]

All these guys partner at the end to screw up retail investors. That is all I can think as the final outcome. We all lost our investment with this for sure!

[MudCreeker]

I don't think it's a nefarious cabal trying to shaft retail, but the end result is the same. Each actor in the negotiations is trying to get the best possible outcome for themselves.  Retail shareholders don't have a seat at the table - HRT management is charged with looking after shareholder interests, but they have other concerns as well, and  have zero leverage anyway

[Specific]

Not at all.  The only party responsible for the demise of harte is harte itself.  The original management fcuked up the entire applecart in epic proportions. a mere 3 years ago the sp was .40, never mind 4 years when the sp was .60 the market is never wrong 2 subsequent management teams were not able to turn things around bnp this, anr that, silver lake bla bla bla......doesn't

[Homestone]

Nothing is written in stone.All these theories about this ,that and every other thing are pure assumption.When it all comes out then the talk can begin.GL to the ones who fell from grace along with Harte Gold.