Hycroft Mining Holding Corp (HYMC)

[Richcc71]

Thats all well and good, but your post the they are losing money is mis-leading.

As I posted, they showed a Loss of Asset held for sale.......of $17M in March and Shareholder Equity of $170m, then a positive cash flow in April, including Shareholder Equity of $167M. June will show a Receipt of $17.5M for the sale of the properties... at least plus the normal business.

They are not losing money per se.... In fact it will be interesting to see if they apply for more DIP financing as they have now asked for an extension.

They are now going through the process of putting together another plan. I did think they could value down, but I do not think so. It does not make any sense at all to request an extension for exclusivity and then value the offer down. They will have to improve the offer to Shareholders or it will get rejected. They did not expect the EC to be formed, now it has been formed, they have to make a better offer.

Thats my take..