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gitreal

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gitreal

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Re: Oscar2000 post# 1152

Friday, 07/19/2013 1:17:09 PM

Friday, July 19, 2013 1:17:09 PM

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HOW IS THIS GETTING BOUGHT OUT FOR $88 MILLION???

Simple answer - it's not! Hondo's gold is not there, their "proprietary" process is garbage, and there is no buyout.

What is real is the open NOV that hangs over the property. To operate a mine of this kind (or process tailings, gold or no gold) in Arizona, you must have an Aquifer Protection Permit. They decided to start moving contaminated dirt around without a permit and got caught. Oops....

They have no cash, paid themselves with stock in the last few months. They have to sell shares to support the lifestyle they have become accustomed to the last few years. How much more will get dumped today - another 250,000? 500,000?

Buyout? Very transparent fantasy.
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