Hycroft Mining Holding Corp (HYMC)

[Richcc71]

Just one thing...

After thinking about what you said there regarding the $10 share price and the $6.70 strike price, the cashless value means you would get the balance if you chose the cashless option... it does not make sense.

If as warrant holder you are always going to get the balance of the share price less the strike price, then there would never be any reason to pay the strike price would there??

If you have one warrant at a strike price of $6.70, and the share price is $10, then you would get $3.30 upon cashless exercise.

If I paid the strike price of $6.70, I would still only profit $3.30.

If the share price was $20, I would only ever profit $13.30 no matter what option I chose.

Therefore I think you're maybe a little off with your calc, unless I'm missing something here. The cashless exercise price must be a lot lower.

I do not see any way you can be right. There would be no point paying a strike price if you were only ever going to get the balance. Might as well just choose the cashless exercise price all the time.