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Dunphy777

11/12/12 10:00 AM

#978 RE: gitreal #975

I think I smell Desert Dirt!

For instance, with regard to ore processing at the Tennessee Mine, the typical and historical values of mine dumps and tailings at the Tennessee Mine have been based primarily on free milling ores and free gold, silver, and other economic base metals found in tailings. Samplings in the past did not focus on the values in the concentrated metal sulfides which are present in the tailings. A simple fire assay would confirm any base and precious metals present in the tailings. Prior to the 1980s, an economic way to process metal sulfide ores did not exist. Thus, these types of ores were discarded with the mine tailings. The first successful commercial flotation process for mineral sulphides was invented by Frank Elmore who worked on the development with his brother, Stanley. The Glasdir copper mine at Llanelltyd, near Dolgellau in North Wales was bought in 1896 by the Elmore brothers in conjunction with their father, William. In 1897, the Elmore brothers installed the world's first industrial size commercial flotation process for mineral beneficiation at the Glasdir mine. Developments in the 1980s by pioneers such as Dr. Richard F. Hewlett and others brought new leaching methods and technologies to this field, such as the economic production of Nevada’s Carlin Trend. The only development that facilitated recovery of the Carlin Trend gold was the fact that the federal government stopped controling the price of gold! Cyanide was not applied to extraction of gold ores until 1887, when the MacArthur-Forrest Process was developed in Glasgow, Scotland by John Stewart MacArthur, funded by the brothers Dr Robert and Dr William Forrest. Hewlett was no pioneer. He did some computer simulation work. He was also censored and fined by the AZ technical board for posing as a professional geologist. This was with regards to his work for NAXOS, a Desert Dirt scam from the 90s.

MnM1

11/27/12 12:18 AM

#1007 RE: gitreal #975

The firing of all employees is complete with the exception of the former managements secretary, her father. who was overall superintendant and a salaried employee held over to supervise lab. There is no mining taking place at all. The mines liquidation of equiptment is taking place, Loader sold, backhoe gone, water truck and tractor plus flatbedtrailer also sold. This corp is liquidating. Any other twist to this fact is a lie. During interim from Advanced Natural Technologies Services to Maiden process still has not produced even a single oz. Old assays are legit and this technology of the E leach is unsuccessful, Hondos latest hope of a much needed infusion of working capital from a chilean investor has fizzled and has left hondo scrambling to pay the bills. Buiding dept red tagged one of mines propeties for lack of permits taken out. Hazmat informed of materials dumped. County also informed of materials dumped on minesite, results from those inquiries are still pending.

viking2

01/23/13 8:12 PM

#1059 RE: gitreal #975

At 16 cents a share ! Don't buy anymore Hondo stock, buy a cup of coffee instead (you'll get more for your money that way)

Cobra Kai

01/24/13 12:30 PM

#1062 RE: gitreal #975

This says a lot- Original unsolicited buyout offer from Zouvas of Magnolia Hill resources...Zouvas last name also attorney on for HMNC?? not sure what to make of all of it?

2 buyout offers both cause a spike in pricing- and then right back down- almost seems like a cheap way to have a promo??

Hondo's 10Q out; still no gold, pay raise for CEO!
yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001387131-12-003561

Highlights of the 10Q:

- Cash on hand now $22K, down from $2 mil. in 2011
- Executive compensation now $1.37 mil., up from $815K in 2011
- CEO compensation $870K, up from $635K in 2011
- No revenue
- No mention of NOVs from ADEQ (they claim exemption from reporting business risk)
- Very recent legal action by IronRidge to force Hondo to issue them more shares (decision pending)

Interesting that executive compensation is way up, at a time when share price is way down, and almost no cash on hand. I wonder what that means?