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Hold tight as Nesara about to be announced and the U.S. is back on the Gold standard along with 209 other allied countries.
The entire market has to crash, like big pharma, crypto and big tech, which already are. Then central banks world wide including the Federal Reserve Bank which is a London owned private bank and already bankrupt.
Wall Street will close for 10 days and a new Peoples Stock Market will take it's place.
Everything is about to change for the better including short selling becoming a thing of the past. Stocks and Retirement will be ok if you don't panic and get out as many will lose big if they do. The U.S. Military will take control.
Gold and Silver will scream to higher levels as they have been suppressed for decades by short selling Central Banks. All Central banks will dissolve unless they secure the bank with hard assets and why some have begun to buy and hoard Gold. This is just the tip of the iceberg for what is going down.
Gesara.news will give you additional info and the changing of the guard status. Stay safe and Good Luck. Pray
Hycroft will stay sub $1 until they show significant resource development via the drilling program.
10Q Report - https://fintel.io/doc/sec-hycroft-mining-holding-corp-1718405-10q-2022-may-04-19116-2476
2022 Outlook
Our current operating plan is to: (i) operate safely as we continue to process heap leach inventory until it is no longer economic; (ii) complete the metallurgical test work associated with the variability drilling program; (iii) conduct exploration activities and targeted exploration drilling; and (iv) continue to advance the Acid POX technical study to a pre-feasibility or feasibility level.
Three Months Ended March 31
2022 2021
Ore mined - sulfide stockpile (ktons) 0 419
Ore mined - crusher feed (ktons) 0 0
Ore mined - ROM (ktons) 0 2,466
Total ore mined (ktons) 0 2,885
Waste mined (ktons) 0 1,195
Total mined (ktons) $ 0 4,080
What can whe expected about that?
Second Quarter estimates are huge! Billionaire Precious Metals Investor Eric Sprott and AMC are invested for a reason. Huge returns on investment.
Nols, Is anyone pursuing or planning to purse a lawsuit??
It doesn't even matter about the strike price.
There is no sense rationalizing any concept that they make it right or change the strike price.
They did what they did so now it's time to take them to court for MONETARY DAMAGES not modifications to the strike price or even stock itself.
We had an opportunity to profit when the stock was 15$ because the strike price should have been significantly lower had they honored the antidilution/mechanical adjustments. They didn't honor the agreement so all the holders that had HYMCZ pre SPAC should be entitled to damages under tortious contract interference.
How did hymc not get de-listed when it was
under a buck.,, not long enough? May get
another chance.
Agreed. We will never see a strike price that comes close to making us whole.
It doesn't matter.
They didn't honor the contract and tortiously interfered with our ability to profit when it was 15$ then again failed to adjust the strike price last quarter after the AMC deal.
Its too late to try to right the wrong of maliciously adjusting the strike price to 44$ the damages of lost earnings potential have already affected us. They may try but don't be distracted.
They raised a bunch of cash and we have a bunch of damages. If the company or their insurance won't cover it Mudrick is on the hook because he sponsored the SPAC while playing both sides.
The only way for them to right the ship is pay up for lost opportunity. Not in stock in this piece of .... in cash.
I'm just curious, you said the shorts were nervous and unable to find shares to cover. With the consecutive decline of 18% last week and 17% the week before, seems like they are finding plenty of shares to cover their positions.
I do agree though that they are nervous. They're going to have a massive tax bill due next year from all of their capital gains.
So would I, but I doubt it would get that low even if they did the right thing
Hycroft is not milling sulfide commercially. Period end of story. Anyone telling you something different is spreading misinformation.
They are heap leaching whatever was left over from when they put sulfide on the leach pads to test the heap leaching of sulfide method. The tests showed it was uneconomical. No new ore is being placed on pads the next few quarters will be disasters.
They pivoted and are an "explorer". Basically looking for another story to sell stock to pay themselves back high interest rates they saddled the company with.
Depends on the strike price. If they adjusted the strike down to $0.50, I would convert at tomorrow's opening bell.
It's in the filings LoL, SMH
SMH, Diane Garrett will let us know how far they have come as the 8k explained every bit of that with the massive upgrades and new equipment and crushers.
Obviously. when the mine is operating 24/7, it's for a reason.
Billionaire investors are here for a reason. Eric Sprott wouldn't be here otherwise.
I have a question for HYMCZ holders. If the exercise price were priced correctly (and I don't know what that number should be, but I believe much less than the $40s) who would convert at these prices???
LoL, Shorts covered last week with the last decline of -18% and the week before with -17%. 3.8 mil left to cover. That's it
They know they better, otherwise, why cover. The writing is on the wall.
https://shortsqueeze.com/?symbol=hymc&submit=Short+Quote%E2%84%A2
Here we go with the shorts again, lol.
No it didn't, Hycroft is still mining/processing today. 24/7 non-stop operation.
BullShit! I posted the 8k that proves that's-BullShit
Everything is crystal clear. Hedge Funds already covered and shorts not paying attention will be crushed hard.
https://fintel.io/doc/sec-hycroft-mining-holding-corporation-8k-2021-april-22-18739-733
No active mining, no fleet, no active drilling, less than 50 people on site.
Needs:
Mill, flotation, autoclaves - $1.2B
Mining Fleet - $350M
350-400 people
Can't heap leach sulfides. Need high grade to pay for mill and mining equipment. Other than that, it's a rocket ship to the moon for sure.
Agree, it's a rolling turd.
Go HYMC;)
No...
YOU NEED A MILL TO PROCESS SULFIDE
HYCROFT DOESN'T HAVE A COMMERCIAL MILL
THE MILL THEY WOULD NEED COSTS A BILLION DOLLARS MINIMUM
Everything else is propaganda
Make sure to do your own due diligence and review the company, hedge funds that own the stock and their trading strategies.
Can't believe it ever hit $3.10, much less got any recommendations. Can absolutely believe it hit .93 today, and it will go much, much lower. Let's remember that just 1 week prior to the announcement of the investments by AMC and Sprott, this turd was trading in the .30 range. And, it has no currently active mining operations.
LMFAO! Unless or until HYMC re-starts operations and resumes mining operations the price of precious metals is irrelevant here. It ceased operations and laid off the mining employees in late 2021, which was well after the out-of-date April 2021 8-K you posted earlier.
That was last year LoL To comply with SEC 10% holdings.
There no big deal with that as it's a minute amount. SMH
Exactly, with processing operations ramped up since 2020-21.
SMH I just posted the 8k from 2021 for all to see the truth. This operation all ready restarted for some time now.
FUD won't work here. We all know what we have with excellent management with a combined hands on experience of 200 years.
We're in great shape.
It's all in the 8k
https://fintel.io/doc/sec-hycroft-mining-holding-corporation-8k-2021-april-22-18739-733
Can you believe this was recommended at 3.10 and today it hit .93? Geesh!
Lets go HYMC!
Could not agree more!
Buy the dip. We all know Gold and Silver is being held back so the central banks can load up.
https://www.gold.org/goldhub/gold-focus/2022/07/central-banks-add-more-gold-month-may
Gold is the Standard.
When it was $49.90 it was because of the Hunt brothers. Look at what happened to them.
At some point the manipulaters (sic) will have burnt fingers. Hopefully it's sooner than later. There is toooo much upward pressure.
In my opinion.... EVERY CEO running a mining company that has not spoke out against this manipulation is guilty of collusion when it comes to their tolerance of said manipulation and should resign...
I would site the 900+ million JP Morgan/ Chase paid for manipulating the silver market in 2020...
https://www.nasdaq.com/articles/jpmorgan-to-pay-%24920-mln-fine-for-manipulating-precious-metals-treasury-market-2020-09-29
de hello....
I have no proof.... just how is it that silver, which is used in almost all electrical applications is under $20.00 oz when it 's 1980 high was $50.00... 0 reflection of all the inflation since.... manipulated
Sorry, your going to have to spell that out
WHAT I DON'T UNDERSTAND. Oil is down to $96.??, stocks is down 12 out of 14 weeks, we have Joe Biden, the worst president ever. INFLATION, RECESSION, 11,250.000, unemployed, Russia and China.
So why is the United States greenback high and gold and silver heading south?
WHAT I DON'T UNDERSTAND. Oil is down to $96.??, stocks is down 12 out of 14 weeks, we have Joe Biden, the worst president ever. INFLATION, RECESSION, 11,250.000, unemployed, Russia and China.
insert-text-here
Date of that 8K is April 2021...insert sad Trombone sound. ZERO tons mined in 2022, ZERO tons fresh ore processed in 2022.
8K says it all. Current mining operations. Huge!
https://fintel.io/doc/sec-hycroft-mining-holding-corporation-8k-2021-april-22-18739-733
When is it? Date - What is the short interest on this now - hope it does not go under a $1.00
You are correct again. In the Ausenco techical report they stated that when the transition to the pox milling processing was holted in 2019 that only oxide ore was placed on the leach pad. That is what they are and have been processing from 2019 until now. I guess the (they're not miming crew) think that the sulfide ore just somehow magically disappeared.
The company has plenty of sulfide ore that has already been mined on hand. Sulfide ore is what they need for the Merril-Crowe plants to process. As I stated in a prior post, Merril-Crowe processing need fewer personnel for operations and maintenance.
I beiieve that the M/C plants are in operations or very close to full operations. We will find out if that is the case on next quarters report.
By the time a major mining operation is announced, many people will be left behind, If that is what they are waiting for.
Second Quarter earnings will speak for itself. Massively!
Bingo! So true. HYMC may very well return to the 30 cent (.30) range where it traded one (1) week prior to the announcement that AMC and Sprott were investing significant sums of money in new dilutive shares in HYMC.
Sub dollar this week. Currently no reason to buy.
They obviously do not have 200 employees.
109 were let go when mining operations stopped in late 2021.
Zoominfo contains duplicates and some that you can see from linkedin no longer work there, and i would linkedininfo a lot more.
Linkedin says 100 as i recall and there were about 60 in the picture.
A smaller workforce right now also means a lower monthly operating expense until commercial mining operations begins.
They are not actively "mining" but after downsizing continue processing ore from the pads as long as economical to do so.
In 2015, they had ceased production but continued processing ore on pads for 3 years following into 2018.
During the 2019-2021, they only put the oxides on the pads, but set aside the transition and sulfide materials they encountered for future processing.
There should have been an updated study from Ausenco with the feasibility, but there are post covid caused delays in getting results from the testing labs.
They need the updated flowsheet to fine tune the recoveries and update the mine plan.
Specifically some variability testing on the transition materials.
It is why we see M&I resources not P2 reserves at the moment. Once the results are in and flowsheet updated, then we can see an updated pfs.
Should be close to having the variabity results, then can get an updated results from Ausenco. I think I saw they also bid out for another report.
In the meantime, they also still have already mined but not processed materials.
Looks to me they are hiring a senior exploration and another exploration geologist to report to their current chief geologist.
Sounds like something to do if you are about to look at the rest of the 98% of the land.
I looked and do not see other open positions for the company, but looks like they have had a lot of applicants and interest in these positions.
Hycroft corporate updates explaining the massive expansions and current mining upgrades with current mining activities.
http://www.hycroftmining.com/?page_id=283
Please post links to the information on the resumption of mining activities. Nothing is listed on the Hycroft site like you mention. ZERO tons mined and processed in 2022. The Hycroft heading on their website clearly shows they are a development company, not a mining company
The "new" MC plant was built in 2012 and is not operable. The quantity of crushers you mention is incorrect. The photos are pretty ancient. Everyone in the State of Nevada knows this.
The mining equipment photo shown is a link from duckduckgo of a coal mine in Indonesia. I can send you a photo of an actual gold mine if you'd like? No mining, no exploration, no value...sub $1.00/share is coming fast unless they get going.
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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
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