HRT (Harte Gold Corp)

Have some money in Trewlaney which I have heard good things about and I have heard very similar things about Harte. Right now it is trading around 0.60. Anybody else have any opinions on this one?

I like TRR and I recommend selling on spikes and buying on troughs... obvious enough, but I've done it 10 times.

Harte is interesting to me for a few reasons. It fits my previously defined criteria, i.e. 168 millions shares fully diluted, low share price (0.60), proven gold reserves at good grades, but there are a few things I am wary of.

1. They are an exploration company and therefore have no income source at the moment.
2. The share price reflects speculation to a large degree because they are planning on drilling to try to expand their reserves.
3. RSI is high right now, but this has been the case for a while now since it has been steadily increasing.

They probably will expand their resource estimate when the drill results come in, and that will surely cause a spike in share price, but this is entirely speculation. After that they will pay someone to perform a feasibility study and this could take a while. The actual development of a mine is a long way away and I don't think that they are interested in developing the mine on their own. They would likely sell it, and this would be quite profitable none the less, but this could be a long way away.

Do you know anyone who might be more closely associated with the company that could give you an "update" about their operations?

Dont know what to say for junior exploration companies like this. From a financial perspective there is nothing to contribute since everyone is worried about the future and not the past. As far as any speculation on the future, I am out of my league and have a hard time understanding drill results.

Regardless of what we know, we probably don't know what investors know about HRT. ILO, were you one of those investors?

I just heard about hrt from a guy who talked to a guy (artist rendering of my source http://friendsofpleasureisland.org/images/yetman/old-prospecter.jpg). It is supposed to be a very similar situation to trr geologically speaking. Whatever.

I bought at 0.59 last week, sold at 0.69 this week. Even after ridiculous commissions made over 10% return.

Probably look to buy back in again around 0.60 if she drops back down. Either way I'm getting the itch for this trading thing. At least I hope thats what this itch is (damn hookers).

Awesome, Congrats.... I'll keep watching HRT closely.

Don't know if anybody is still watching this one but it has continued to climb. In the past week I bought at .88, sold at .98 bought back in at .88. It dropped to .79 today at one point.

The information that I heard has not been updated but if this truly is similar to TRR but just lagging it could be a little redemption for all of us that sold early on TRR. Fuckin TRR.