FACT OR FICTION
I am bringing this "FACT OR FICTION" over from Yahoo finance, this was posted and says about everything you need to know. Yose "says the permits must be working or Hondo wouldn't be." It is amazing even reporters can't always get things right.
POSTED BY: hmncfaithful
"While everyone has a right to their own opinions, no one has the right to be wrong in their facts. The ping pong match of uninformed speculation and falsehoods has reached a level that has forced me to post this one and only post. The goal here is to diminish future HMNC banter, which will have the dual positive effect of letting the true facts play out over time and allow some of you active posters to upgrade your lives and do something more positive and productive with your time.
So here goes: Fiction: the mine is shutting down and faces regulatory shut down. Fact: the mine is fully operational with close to 40 employees and is finally ready to produce real levels of gold and other base metals. Fiction: the Hondo management team are basically operating a Ponzi scheme, full of false press releases and will never produce tangible results. Fact: While the Hondo management team is surely guilty of under-delivering on their near term expectations (mainly due to equipment issues), they finally have the equipment in place to produce results. The initial output has already been sent to a reputable 3rd party processor and their initial revenues will be announced imminently. More than producing revenues, this will not only silence all the critics and spark real buying, but will likely lead to other mining companies in seriously considering licensing their e-leach technology. Fiction: CFO and other executives are not only departing, but driving the Ponzi scheme bus. Fact: Have you ever heard of a ponzi scheme where the execs / insiders are BUYING not selling stock? The executive team is not only committed, but stand ready to rewarded financially for their efforts. The heavy selling pressure on the stock is coming from one main source - Iron Bridge, who was issued stock in consideration for the last round of equipment purchases. I just hope the personal attacks and lies can be replaced with civility and tangible facts. We're finally knocking on the door of real results happening and am excited for the management team's and loyal (yet frustrated) shareholders patience to be rewarded. I've been involved in the stock for sometime and recently 2x'd my position to match my upgraded conviction levels."
Sentiment: Yose say's "Buy while the price is this low."
