News: SLR Harte Gold Announces Execution Of Subscription Agreement And Loan Agreement And Makes..., page-35

I think they already had their chance, to be fair. By their own admission they had the benefit of "intensive negotiations" with Harte and the administrator before they were asked to submit their "highest and best offer". SLR never had the benefit of these extra negotiations to my knowledge. It seems greed may have got the better of them in these early negotiations and that came out to some extent in their inferior bid. I don't think SLR would have been given longer to prepare their bid than Appian, so it was a level playing field in that regard.

They have admitted to investing $100m in Hart, but they are only down for $71m on the creditors list, so they are already down ~$30m.