Post by
Alanmakingcents on Jun 03, 2020 8:03am
Heatherdale is sold
HDI has relinquished control of Heatherdale in exchange for payment of services over the last several years. The purchasers of the $3.5 million in debt end up with 35 million shares or 50%. McLeod , one of the purchasers , assumes presidency. I would guess this group have a plan to move Niblack forward.
Alan
Comment by
WinstonSmith on Jun 03, 2020 9:59am
Terrific news given the resume of Mr. McLeod... seems like a man of action.
Comment by
WinstonSmith on Jun 03, 2020 10:02am
We are however still broke.... more dillution coming?
Comment by
willyk3 on Jun 03, 2020 10:03am
My sentiments exactly. Great news after a long wait Just hope we dont get annihilated in the inevitable financing
Comment by
nofluff on Jun 03, 2020 11:00am
Yup. There will be more personel adjustments and more financing. The ak gov. has committed over 100 million u.s. for the project. So htr only needs about 20 to 50 million. My guess is that ak is talking ready to mine. nf