Hycroft Mining Holding Corp (HYMC)

[Richcc71]

Nice post except that the market has no clue as to the real value of the company as there is no dependable news to derive this from. Remember we thought the company was worth 1.3b at 1300 gold price etc... because that's what they told us in their statements - 8k and 10k etc. But they then went and bankrupted themselves and wrote off 100's millions of shareholder equity in the process. We know the gold and silver is still there and we know this company was valuable enough for a bunch of crooks to risk jail time by perjuring themselves in court to transfer that equity to hedge funds.

Bottom line is of course there's value here - just depends what they sell the company for as to whether our warrants will get a value.

My guess is that the written off 100's millions of dollars will reappear on the balance sheet when they eventually sell the company because they will have managed to secure funding for the expansion of the mine. You have to recall that they wrote that equity off by saying it could not be calculated in the value analysis of the company because they could not secure funding. Completely ridiculous of course. The plant and equipment is still there. Just because they did not secure funding at that time does not make it any less valuable. Clever accounting - or greed. I know which one I choose.

Cheer for now