Harte Gold Corp. HRTFF

Mudcreeker

[Homestone]

Reading your post you mention silver lake foreclosing and getting ownership of the mine.I think that would be the messy route.What happens to the mine and employees in the interim?Do they shut everything down?.I think remedy had a more plausible scenario where debt is converted to shares and Silver lake becomes part owner through shares.Then a share roll back.If you say you are going to work with a company and then proceed to take it over what does that say for integrity? It could be that integrity doesn't mean much in the dog eat dog world of mining.Each has his own interests in mind.It remains to be seen what will take place.

[MudCreeker]

There are still a variety of ways this could play out.   To avoid what I described, Harte could find someone to spot them $70 million US to pay off Silver Lake before Dec. 1 (Appian?) .  Not bloody likely.  The details are yet to be revealed, but I think the framework is pretty clear. Silver Lake has a fiduciary duty to their share holders to get the best deal they can. 

[Homestone]

One statement you made concerning Silver Lake interests me."They would not get involved planning to realize less than the full potential to their benefit" Wouldn't that same statement apply to both Appian and New Gold as well? They have their own interests to protect,Appian in a much bigger way.450 million shares or thereabouts combined .Roughly 40 percent of the company.

[MudCreeker]

I'm sure Appian will be doing their best to protect their interests.  How they go about that is a wild card here.  The debt they hold gives them some leverage if (big if) there are other interested parties.  New Gold, for instance, clearly had some level of interest last summer, so maybe they could co-operate with Appian to realize some value for each of them.  Or maybe

[Pknagg]

Agree this mine will not shut but think your simplistic case that this Aussie outfit will move right in and Shaft existing shareholders can be challenged. 1 Appian is a major shareholder as well as holding financial leverage and I think this has been dumped on them. will they roll over and join the Australians? 2 Gouverments including Canada are aware of covid exploitation. Sudbury, from what I

[cynic7206]

It is sad state of affairs for the shareholders.  It was a smart move to buy the debt if they want to takeover with a debt to share conversion with is probably most likely.  Given the price of the shares, at debt conversion should give them a majority.  Then they would likely to do a 100 to 1 reverse split to get the s/p what to a respectable value.  However, this is not what

[remedy]

I am also thinking that SL forclosing could force further problems, closing mine, then start up, BOD present and past, NG 's loss[ info provided ect], Appian and others will bring lawsuits, costly, not worth it,. Why I believe all parties will work out, one way or another. TSX could get involved if they smell something. Not worth it to SL.