Post by
arh0070 on Nov 30, 2021 1:18pm
Blackrock
Blackrock has accumulated its 5% interest in SVL since July .This indicates a strong vote of confidence in Silver lakes management .As I indicated previously Silver lake is almost certainly the best hope for the Mine and its workers to retain thier jobs ,one would imagine that Silver lakes interest in acquiring the Harte primary debt has been done as the first step in taking control of the mine,improving the performance of the mine ,expanding it ,making it a profitable and long term mine in Silver lakes portfolio.This should be a much better outcome for the mine workers than a slow death under current management .
Comment by
bufordpusser on Nov 30, 2021 1:38pm
In my opinion silver-lake and blackrock are irrelevant. my research in the past few days shows the loan amount to the new debt holder is somewhere between 46-66 million. hrt also now has cash and 163 million in assets.
Comment by
Homestone on Nov 30, 2021 1:45pm
Interesting take on the situation arh0070 but not likely the only scenario possible.A couple of things you say threw me off such as"Silver Lake is almost certainly the best hope " and "one would imagine".One could imagine a lot of thing I suppose.All will be revealed in time.Cheers