Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$HYMC Hycroft Completes $138.6 Million At-The-Market Equity Offering Program
Balance Sheet Strengthened With $194.4 Million In Gross Proceeds From Recent Equity Investments
Diane Garrett, President, CEO and Acting Chairman of Hycroft, commented, “We are extremely pleased with this successful financing which places the Company on solid footing to advance the Hycroft Mine as well as opening up additional opportunities for the Company. Thanks to the significant and timely equity private placement announced March 15, 2022, with Eric Sprott and AMC Entertainment Inc., combined with the ATM equity program completed today, our financial position is significantly strengthened allowing us to reduce our debt and extend repayment to 2027. Raising gross cash proceeds of $194.4 million changes the dynamics of the Company, expanding our ability to properly and diligently develop the Hycroft Mine, including a robust exploration program, and to further unlock the value of this world-class asset. We welcome our new shareholders to the Company and look forward to updating you with ongoing developments.”
http://www.hycroftmining.com/
Gold demand as a store of value
Russians are robbing and dumping Somali gold to finance the war in Ukraine. The Russians have a war chest of $640 billion in gold to dump into the black market. Thats enough to drive gold down below $1000. $700 even.
Things are about to get juicy. Gold is the standard. MSM is hiding it, as the Fiat Dollar is worthless as new gold backed currency is being printed. Banks will still accept fiat currency until it's all gathered in. Nesara Gesara is upon us.
Bots selling and buying to themselves all day long. At least they're covering though.
Short positions decreased -20%
https://shortsqueeze.com/?symbol=hymc&submit=Short+Quote%E2%84%A2
What’d I miss? Just the gold surge or something specific from the Co today?
Gold Demand Up 12% Through First Half of ’22 Despite Tepid Second Quarter
https://schiffgold.com/key-gold-news/gold-demand-up-12-through-first-half-of-22-despite-tepid-second-quarter/
Welcome to the end of the rope. Gold is the standard
Gold stages biggest one day rally since March, silver jumps over 6% due to Fed-inspired ‘short squeeze’
https://www.marketwatch.com/story/gold-silver-stage-biggest-one-day-rally-in-months-due-to-fed-inspired-short-squeeze-11659009929
Excellent, setting up beautifully.
FED Is Done! ???? (Gold Silver Routing)
"lol SMH" Thats more than what I expect.
On the contrary, lol SMH
That Finance Committee needs to cover up and pave over that big hole and walk away from it.
HYMC added a Finance Committee to their Board of Directors.
Finance committees "May also oversee investments, dividend policy, credit and other market risks, share repurchases, and mergers and acquisitions."
https://corpgov.law.harvard.edu/wp-content/uploads/2018/07/ey-1.png
China's net gold imports via Hong Kong soar in June
https://www.businesstimes.com.sg/energy-commodities/chinas-net-gold-imports-via-hong-kong-soar-in-june
.98 This name has been a huge winner for shorts. Riding it from 3.10.
Gold dropped $11 since you posted that. Ready to go back under $1700.
GOLD up $21.00, SILVER up .10.
The old system is "fired" Gold is the standard
JPMorgan Gold-Trader Says Boss Coached Him on Spoofing-Lie
$HYMC to issue 1 for 1 forward split ahead of earnings call is the word on the street.
This will destroy the Central Banks shorting scheme and short selling futures scam to be eliminated across the board.
Futures scams is what's keeping Bitcoin alive for now. By eliminating futures because of the Central Banks manipulation, every short selling Hedge Fund will be out of business, for good.
The Restored Republic is ending the futures, short share selling days are seriously about to end abruptly.
The U.S. dollar is now backed by Gold and is the New Rainbow currency backed by Gold and went into effect July 15, 2022
Yeah, but that Strike Price of $40 Dollars don't you think it's ridiculous?
Sigh...sorta
RC drills are generally rotary hammer drills that use a reverse circulation of air to produce and propel cuttings from the hole and are logged every 5-10 feet primarily for ore zone definition or confirmation (generally).
Core drilling do use diamond core bits to cut a core of the rock that's extracted and logged for lithology, rock structure, mineralogy, etc.. where more information is required on more of a comprehensive geological/mineralogical basis. This method is used to map the structure and trends of the mineral structure.
You should study up on refractory gold and silver processing because you're a bit off balance on your explanation there. Then you may realize what a risky venture Hycroft is and why they are drilling to find grade...A for Effort though!
Excellent explanation! I gave you a Member Mark, Thank You.
Who's "we"? That was settled in 2020 for real warrant holders. It's on the website. All warrant holders were satisfied! Old News SMH
I will repost it. Old News! http://www.hycroftmining.com/?page_id=265
,,,,and we, the HYMCZ warrant holders paid for all of that. What thanks do we get??? BOHICA
I really do thank you. You have cleared up a lot of questions and concerns that I've had since AMC and Erick Sprott, came on board.
It is a rough industry and not exactly meme friendly or whatever.
For every 1000 exploration projects, i think it is like 1 or 2 that actually become producing mines.
It is a slow process and patience is required and can be long silence between news.
I would listen to everything and all perspectives. I listen to the skeptics here too. That is why I am here.
You learn that to date, the gold mined at hycroft was the oxides and all of the gold is low grade.
So you hit the transition zones and the sulfide materials, and you need a different process for that.
Hycroft is in that transition to commercial scale but the economics of the sulfides and how to process them comes into play when you are finalizing the flowsheet and doing the mine planning. Refractory ores are now about 22% of world production but can be difficult to mine.
Hycroft has a variability study on the transition materials and waiting on some drilling results to come in to again be able to fine tune the economics for the flowsheet. They are looking at a combination of pressure oxidation pox processing and milling of the sulfides.
They also have the potential to find more zones of oxide materials, and areas of higher grade gold within the resource.
They can continue processing already mined oxide materials on leach pads. They have potential to convert waste ore into resources within the current mine pits. They have ore already mined and set aside for processing.
They have Dr. Diane Garrett that turned Romarco minerals exploration project into a mine before being sold to Oceana gold.
She has Olivier Luhanga and his experience at similar operations at Twanziga.
They now have Alex Davidson to be VP of their new $20 million exploration program.
He worked as lead underground geologist for NGM on all of their Nevada operations, many of which are similar in setting to Hycroft.
He also has specific familiarity with the Hycroft region, because he was a geolgoist at the Rosebud mine, which is surrounded by hycroft's land position.
So, he knows specifically where the feeder faults at hycroft are likely to be located, and i think they know how to find it from the banded quartz outcrops at brimstone.
Which is where the rc drill is now.
Anyway,
I just got in here because of AMC and sprott. This is what i have figured out so far.
So it vanished into the hole. What else is new?
Reverse circulation vs diamond drill hole
Hycroft using some of both.
Rc is less expensive.
Thanks.
Just look at q4 revenue for amc vs us box office
Then look at 1st qtr revenue for amc vs us box office
It hovers around 57-59% or so, and that is all it takes to back of the napkin calculate it
Box office mojo has q2 at
$2,322,671,524
Dont forget to add 10mil in minion previews not counted in that total
And then just take that multiplied by 59% and you have AMC revenue for Q2.
I come up with 1.35 billion, easily enough to be profitable for Q2 irregardless of the Hycroft investment.
webpence, in 30 years of investing this is my first mining.
The 2022 – 2023 exploration program at the Hycroft Mine will comprise approximately 125,000 feet of reverse circulation ("RC") drilling and approximately 20,000 feet of core drilling. The RC drill rig is on site and the core drill rig is expected to arrive on site later in July. The RC drilling is being conducted by National EWP Inc. of Elko, NV and the core drilling will be conducted by First Drilling LLC of Montrose, CO.
Can you explain what is the difference between an RC drill and core drilling.
Thank you.
Crapola2theleft.
You have always been amazing thank you... love the rocket!
AMC earnings estimation isnt too tricky. It is easy to see how much US theaters took in revenue this quarter from boxoffice mojo and others that post the admission revs. Then it isnt too tricky to find their expenses the previous couple quarters and hazard a pretty realistic guess at cost of good sold vs other fixed items.
The analyst consensus of $1.18 bil revs is laughably low.
I have it at between 1.34 and 1.4 billion.
Easily will beat the analyst by 200 million in revenue and eps beat by 40 cents.
17 cents positive eps is my q2 prediction.
But these analysts dont have AMC profitable until 2024.
And i have an amc that now delivers from uber eats, because i am ready for the 4th.
Been getting lots of negative press about AMC... Jim frikin rickards said to buy the 10 puts a month ago... ridonculous
He is wrong out of the gate about AMC. AMC is already profitable. The rest of the article requires a login to read.
AMC will have $1.35 billion revenue for q2 by my calculations. Way more than analyst expectations and plenty sufficient to be profitable this quarter, q2 2022.
So, that part is not right at all. Analysts are going to get an earnings beatdown from AMC this qtr, and you will find that out on august 4th earnings call. So good luck with that one.
I will try to find the rest of that article but sa can shove it, not signing up just to read the thing. Thanks.
Here's a fresh one...AA should've done more due diligence before buying Hycroft. He won't see any ounces to keep his theaters afloat for long, long time.
https://seekingalpha.com/article/4524295-amc-time-to-go-short?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A1
"Brimstone and the East Fault are believed to be close to a feeder system."
Did you see they put the RC drill in the south brimstone area along the east fault?
You can tell from their picture where the drill is at.
Old news pal, you keep posting that...lol I hope this thing starts going higher.
The movie theater operator $AMC and metals investor Eric Sprott had announced March 15 that they were each making a $27.9 million investment in Hycroft $HYMC
Institutional Ownership and Shareholders
Hycroft Mining Holding Corporation Warrant (US:HYMCZ) has 33 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 587,111 shares. Largest shareholders include Paulson & Co. Inc., Goldman Sachs Group Inc, UBS Group AG, Susquehanna International Group, Llp, Parallax Volatility Advisers, L.P., Virtu Financial LLC, Sprott Inc., Investmark Advisory Group LLC, Natixis, and Citadel Advisors Llc.
Hycroft Mining Holding Corporation Warrant (NASDAQ:HYMCZ) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Schedule 13G indicates a passive investment of over 5%.
The share price as of July 18, 2022 is 0.07 / share. Previously, on July 19, 2021, the share price was 0.37 / share. This represents a decline of 81.08% over that period.
https://fintel.io/so/us/hymcz
These Kids own Hycroft, David Kirsch, and Jason Mudrick your fellow Hedge Funders.
Absofrickinlutly!!
Funny... but that's usually when they are BUYING... HELLURE
Followers
|
210
|
Posters
|
|
Posts (Today)
|
1
|
Posts (Total)
|
19497
|
Created
|
04/22/09
|
Type
|
Free
|
Moderators Prudent Capitalist 1vman Saving Grace bigblockwyz Jeev |
Hycroft corporate office is located in 4300 Water Canyon Road, Unit 1, Winnemucca, Nevada, 89445, United States
https://www.zoominfo.com/pic/hycroft-mining-corporation/9474776
Intro section managed by Saving Grace
=========================================================================================================================================
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |