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Thank you Wmucca.
There was also the currency swap that that went against the company... I see that Dollar against Canadian Dollar went from .94 May 2011 to 1.46 by Dec 2015.
Shorts are intact since ANV filled BK. Now with no volume... these small ones are to see if they can run out some stops (I thing) ...
August 15th short interest increase by 3K...
With 146K of warrants still short, Louis could be doing dirty work for the shorties !
Louis does not know that we are just fool of the fools ... we will not even understand what he is saying.. we will keep asking same question again and again.. until he gets tired and just get off our back ... : - )
Don't understand why Louis was trying to put in our mind that selling warrants will benefit us .... His msg # 7212 clear stats that...
His language and approach was very random .. it might be someone being used to understand underlying current of the bag holders (like us) .. to see if he can have a quick influence on taking off some load from our bag ....
Looking at
-- His 30 days idea on our mind
-- Press came up end of August
.. I am just speculating that there might be some movement ..
For gray market, company has to list into gray market it does not just appear without any work from company. What we see HYCT to me is hoax is not backed by Hycroft mining Corporation.
Regarding warrants:
Link from company site: http://www.alliednevada.com/wp-content/uploads/New-Warrant-Agreement.pdf
Link from OSC (Ontario Security Commission)
https://www.osc.gov.on.ca/en/SecuritiesLaw_ord_20160728_215_hycroft-mining-corp.htm
I might be wrong... But I don't think HYCT stocks has been issued by the company.. HYCT is not a real stock that represents Allied Nevada (Hycroft Mining) share holder or company is obligated to report any details to holder of HYCT..
If you get filled it might have no use...
HYCTW was forced warrant to its shared holder after doing 1 for 10 reverse split.. it is way different situation than normal warrants. Randy Buffington (CEO of the company) is not a normal human being ... He is a crook...
Do we have anyone in this board that owns HYCT and can confirm if there is an associated instrument that can be tied to ? This might be a hoax.. Conversion to stock will only be possible once Allied Nevada aka Hycroft Mining start trading.
All stocks were converted to warrants when Allied Nevada declared Bankruptcy. I have seen any publication from the company stating that they have started trading in any of the market (including gray market).
In my opinion, current so called owners are only people who are paying extra money to Mr. Randy and no way one of us can become share holders, until this Piece of Crap can start trading some day.
Notice of Availability of the Final Environmental Impact Statement for the
Proposed Hycroft Mine Phase II Expansion Project, Humboldt and Pershing
Counties, Nevada
https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-19389.pdf
Thank you Nols for this great information ...
Hope our investment will eventually pay off.
It will be good to see some communication from company with current progress and plan! We should reach out to Tracey Thom on having some periodic update.
There has been no trade since 8/21, on 8/21 there was only 200 shares traded at .05 cents
https://www.otcmarkets.com/stock/HYCTW/quote
Any structural change to this company will be known at the ground level at least months out...
As you said Nols, it is very hard to understand if there has been any news in close proximity (next couple of months out)... market will start showing signs ... there is no sign yet ...
And there is huge distrust on Mr Buffington's management and lack of transparency.
I think at a minimum gold will hit $1600 this year and cross all time high by next year! This is just beginning!
Most of the individual investor will be out by very initial phase of the bull run and will watch on the sideline... Gold, Silver and Minors will fly very high...
Way it worked for me is to bid in the middle not at ask... you might be lucky to get some filled as your bid is higher than what market maker is set the value at. You also should be ready to get at your ask price.. some of my orders filled at my ask as well.
As there is no volume, some of my orders stayed on for several days with multiple trading fees.
I have many other minors in my portfolio.. Minors will give very good return moving forward, specifically Silver minors.. I would recommend buying into some good company and not get stuck with this stupid Buffington.
I did buy more during December, all my pre BK and Post BK are showing up in one lot in Fidelity. Additionally in US all traded securities has identification called CUSIP (like SSN for individual).
You can search and look it up to confirm.
Where the f is our moron CEO Bufington .... get out of the hole and show your face ...
Based on last quarter filling, not sure who gave additional $19M loan to Biffington.
Unless we (bag holders believing on US security policy and executives like Buffington) see more details on where company is going we will be in a waiting game. Value of .06 or .001 is all immaterial.
Hope this company should have a PR person in place.
$1B might have been without the 'sulfide heap leach oxidation process' ... I think this sulfide crap must have moved to more positive result.
This seems like in very near future, Hycroft is moving ahead with Phase II mining production. What bothers in this whole think is,
-- Randy is a crook
-- why he established 'Hycroft Resource & Development Inc', this entity was started in 2013 well before they filled bankruptcy.
One very big position note is, baed on lots of calculation it looks like Gold will touch 1500 plus in 2019, with slightest positive news in the market, these warrants will fly very high (may be in teens) and pressure Randy & Co.
The Bureau of Land Management Winnemucca District, Black Rock Field Office (BRFO) and the United States Fish and Wildlife Service have prepared a joint Draft Environmental Impact Statement (DEIS) to analyze and disclose environmental impacts associated with Hycroft Resources and Development, Inc.’s (HRDI’s) proposed Hycroft Mine Phase II Expansion Project (Project)
https://www.fws.gov/cno/conservation/MigratoryBirds/permit-news/hycroft-mine-expansion.html
public comment period ends on June 30, 2019
https://eplanning.blm.gov/epl-front-office/eplanning/planAndProjectSite.do?methodName=renderDefaultPlanOrProjectSite&projectId=42790&dctmId=0b0003e8807d0792
I see 'hycroft resources & development inc' has two accounts in all the quarterly fillings. Will download all quarterly fillings from 2015 will do some number movements.
Just FYI: Last quarterly report filled on 4/30 shows owner's equity as 112 M.
No idea. I believe there has to be trail on tax filling to understand how tax for 'Hycroft resources & development inc' being filled and money movement . If anyone of you know, how to dig it through!
Hycroft resources & development inc
I was doing some blind searches, looks like Hycroft (allied nevada) is being referred as HRDI (Hycroft resources & development inc). They are heavily in to indeed.com for recruitment.
hoovers shows 22 employees with 33m of revenue
http://www.hoovers.com/company-information/cs/company-profile.hycroft_resources__development_inc.3c5da66b63d51caf.html?aka_re=1
Here are more details on hycroft resource & development inc, we have our friend Randy as contact person with similar # on revenue
http://www.buzzfile.com/business/Hycroft-Resources.And.Development,-Inc.-775-321-0780
Found four employee in linked in
https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%2218727962%22%5D&keywords=Hycroft%20Resources%20%26%20Development%20Inc.&origin=FACETED_SEARCH
There are still 143K short position on HYCTW contracts
https://www.otcmarkets.com/stock/HYCTW/quote
My guess is quite a few small investors (who had very few shares become fewer warrants) bailed out during end of the year selling at around 3 cents, those shares are being traded by market makers (may be).
Once we get any small news, this dog will fly to $1 plus
All of you might already have this info... Per quarterly filling, last quarter company took additional $18M loan and they have 15 open position showing up in career section.
Last quarter, they have added $8M more debt, Hyct has obligation of $2.6M towards interest alone per quarter.
We are bleeding badly, unless otherwise Buffington & co put their rotten mind together to bring this company out after long 3 half years of constant deterioration.
These are additional Debts that company is able to get from some one, who feels our bunch of crooks are credible.
When company get valued (by future investors - by going IPO or taken over by another minor) Assets & Liabilities (Debts) will taken into consideration to calculate equity value. From the equity portion, we have 17.5%. These are all connected.
Share Holders equity went down from -285M TO -335M between Jan 31st 2018 and Oct 23rd 2018 - 9 months period. Buffington & Co consumed 50M more in 9 months. Let us see how the report comes out by end of Jan.
If this is true 'some new proprietary technology they developed that oxidizes the refractory ore in a leach pad' we will see double digit share price soon ! Due to anti dilution, we should have multiplication to our warrants as well!
Let us hope as first couple of days of year 2019 GOLD continue its ride this year and we see Hycroft get it's life back.
Anyone bought any in 3 cents ?
What are your thoughts ... Sucker is going down to ZERO or will bounce back in 2019 ?
I could see that Bid and Ask are coming more closure and size from both bid and ask are higher, which means stock about to start its directional move... Now direction could also mean going down or up ... ANV/HYCTW has been directionally negative and it is almost to ZERO since Buffington has been on the chair. Going below where we are is just absolutely does not make sense (if you add common sense).
Which leaves the alternative directional move to upward.
Another theory is, reversal always starts with Impulsive wave opposite direction in lower degree. Which means we might see a quick down to may be to 5/6 cents before it takes off.
I would think Shorts are getting active to cover plus there might be some year end cleaning.
Not sure what is the debt amount that they are paying interest of 2.25M per quarter, on balance sheet they have current debt of 131M, that might be what they have accumulated so far during last 4 years.
It is just my sixth sense that some big news may come up soon!
Stephen Jones still intact as CFO as of Oct 22nd 2018 (Quarterly report).
During the quarter they got fresh 10M debt, have 13M cash remaining.
Expense:
Loan Interest for the quarter 2.25M
Payroll & benefit ~ 2M
Supreme court reversing BK will need real change in entire direction of the original document which led to conclusion in lower court. I wish SC could reverse BK, but looking at what we have gone through and all the other factors with lenders, it looks very little hope that BK will be reversed.
But if that does happen, warrants will go for a quick run and as there are still 145K warrants shorted, which is equivalent to 1.45M shares, covering will ignite a quick run. After the initial run, hype will die down and stay down until company gets some real numbers to start showing gold production.
With number of recruits going on, I also think that there has been some real progress on the ground, that is what will determine the real direction. If BK gets reversed, we should get shared and % of the company based on company's actual valuation not by Randy's false valuation.
Let us hope Randy (Uber driver) is gone take care of what he was born to do ... drive a car not a complex company!
Hycroft get to deliver $700 AISC and we do fight to get our stock not warrants.
It was my mistake with additional ZERO to calculate A.
During dilution number of shares goes up and strike goes down, net cost will stay the same (two tomes dilution, multiply 2 with # of warrants and divide 2 to strike price)...
with $8.4 ... Here is what we will get,
X = (B-A)/Y
# warrants 10000
Assumption:
2 times dilution
Y = Fair Market Share price on the date of exercise: $5
Original Strike Price: $8.4
B = 10,000 * 2 * 5 = $100,000
A = 10,000 * 8.4 = $84,000
(B-A) = $16,000
X = (B-A) / Y = $16,000/$5 = 3200 (#shares at $5)
X = (B-A)/Y is purely a cashless conversion to shares. Here is how it will work
# warrants 10000
Assumption:
2 times dilution
Y = Fair Market Share price on the date of exercise: $5
Original Strike Price: $8.5
B = 10000 * 2 * 5 = $100,000
A = 100000 * 8.5 = $85,000
(B-A) = $15000
X = (B-A) / Y = $15000/$5 = 3000
Once you exercise you will get 3000 shares. they are also talking about fraction of shares, which they will cash it out for you.
I think you are right! Based on Jan 10th PR 'The sulfide heap leach process is expected to present a low capital low-risk option that the Company believes could be operational relatively quickly' and additional board of directors.
Just a pure speculation:
If Randy has shown the door and taken up 'Uber driving Job - no one will hire this thief' John Ellis who was appointed into board, might have already taken over CEO position.
Same goes to 'Michael Harrison' to replace Steven Jones.
Let us hope we see some good news.
Not sure why any of the original share holder would accept what company Executive did to take company private and change share holders to Warrant holder.
AISC based on on this filling is somewhere close to $1050, graph shows they got AISC down from $1600+ but Randy & Steve could be misleading, as they have main goal was to get secondary
https://www.sec.gov/Archives/edgar/data/1376610/000119312515084300/d889389dex992.htm
Real story is no one knows if Randy can talk sense.
Once Hycroft back in action, we all should put our mind together to bring justice and hang both Randy & Steve
I don't want to discourage, just very skeptical with amount of money being stuck with believing these clowns.
As we have anti dilution, warrant break even is at 655M market cap with 78M & $8.4 strike price. Any valuation past $655M will give cashless seller some money.
Once Hycroft starts trading and gold price go past $1500. Analyst will have visibility to the company books, and revenue, with positivity in Precious Metal, we will start seeing new set of investors come in as we oldies have to wait till that time to cash in.
Once it goes public, I hope warrant holds can take Hycroft to court again to bring the zero out stick price.