Hycroft Mining Holding Corp (HYMC)

[Richcc71]

No a warrant needs to be struck or you can use the cash less option, which is obviously a lot less. When you strike a warrant and exchange it for a share, the company gets diluted by that share. So in this instance we know there are roughly 74M shares, and we were distributed with 17.5% of that. Which is 12,950,00 warrants divided up against the original 126M shares outstanding, which gave 0.0103 of a warrant for every share retail held. So, in my case it meant that I should have got 6958 warrants. I actually received 6872... but my calcs are rough regarding the 126M and the 74M... so its correct.

Your warrants will have a cash less value as stated, so your question is actually right. But depending on what your share price was when you bought in, you might need the company to get into the high $60+ etc to just break even.

Some share holders bought ANV in the $30's and $40's...!