Good post Tophat.I would also like to add that with a market cap...

Good post Tophat.I would also like to add that with a market cap of less than $200M and a sp of 18.5c compared to the ramped up sp of 26c at the time of the IBR takeover 12 months ago this stock looks rather fanciful.
The real risk now is the bond debt funding could be called up as a result of poor performance re current sp and production costs.
Where is the big PR machine now HC.It makes the favourable broker and journanist back slapping , 6 months ago ,look rather pathetic.
This doggie needs more than a pat....it needs life support.HC has a stubborn nature to his character.A flaw he needs to remedy going foreward.I agree that Armenia is the key to TMR success but as you say HC has never come out and told it how it is.