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Tuesday, November 17, 2020 12:33:31 PM
what about all these properties of HUNT (about 15)?
why FFGO has declared HUNT as "hopelessly bankrupt" and nevertheless has paid "trade credits" for HUNT - about 45.000$?
my supposition is, our management has taken these write-offs because they wanted to empty FFGO in view of a modification of regulations.
mgmt. had written about such necessity. I hope it was the real reason.
what about the "restructuring" of HGLC shortly before the company was punished by the SEC because of the crimes of the former management- a fine of 300.000$? this fine is ridiculous compared to the declared value of the assets of HGLC.
remember: in the months before the announcement of a restructuring
HGLC has drilled its "flagship property" - how mgmt.has called it -
intensively with good assay results.because of these good results mgmt. has staked out a lot of additional claims.
in 2004 Prof.Colliston (geology, universities in South Africa) has estimated a value of 400mil US-$ (conservative estimate)for Mockingbird. price of gold 400 US-$/ounce.
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