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asrms 1 post  |  Last Activity: Sep 4, 2014 6:39 PM Member since: May 7, 2013
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  • by asrms Sep 4, 2014 6:39 PM Flag

    Norvista still owed $500,00+ by HVV. Loan was originally due the end of April then extended to end of June but now another 2 months and still nothing. Who keeps extending defaults without explanation? Interestingly, AuRico Gold is still exploring the El Chanate package it JVd with HVV. Yet, 12 months of 'active' drilling (and assessing) and still no results from AG. Results according to HVV were supposed to be available first Q 2014. % holes were drilled by Nov 2013 with 5 more scheduled for end of 2013. Now 9 months later? AuRico canned it's last explorer JV within 6 months of beginning drilling due finding mediocre results. HVV directors have agreed to take shares in lieu of salary at the last meeting. HVV is cash bankrupt - so what assets are supporting them and holding Norvista back? Any guesses?

    Sentiment: Hold

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