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Guys lending to company will suck up most of the shares, will make dollar for pennies.
We got robbed by Randy. Company has to quickly come up to producing in a consistent way, as it is within US, we will get some additional multiplication. Look at Tahoe Resource, one of the very best company has AISC very low, with revenue close to 800 Millions has current market cap of 1.16B. They have issue with Guatemala, causing company to have impact on overall Market Cap. This company has huge cash reserves, very well managed.
Hycroft to come up to visibility of investors (to whom they just completely scr**ed under the bench) will need time and right leadership. It cannot happen overnight.
It all depends on what Hycroft can deliver, what will be all inclusive cost to produce gold and Silver. Expectation is that we right away go to $1B market cap without showing any revenue, dividend, proper leadership in tough.
Look at SBGL, this company has close to $4B revenue and dividend on and off has 1.3B Market Cap, they have got depressed due to too many acquires recently. KGC (Kinross) has 3.3B revenue with 3.7B with dividend.
We have to see how quickly Hycroft can come up with $1B revenue with below 1000$ all inclusive cost. That is what set the stage of us to make some money in current Gold price.
Scenario 1: (no dilution)
Considering original # of shares with no further dilution, if price of underlying stock is $8.40 and as our current warrant strike price is $8.40. Cashless exercise get no money. ZERO.
Scenario 2: Diluted two time, number of warrants = 10000 * 2 = 20,000
Price of underlying stock is $8.40 and our current warrant strike price is ($8.40/2 = $4.20). Cashless exercise:
X = $4.20 ($8.40 - $4.20) * 20000 = $84,000
These are all very high speculations, stock price will correlate with revenue and profitability. Which means, stock hitting $8.40 is very low probability, all we know, stock price could be $1.00, $2.00 and our warrants will still trade with few pennies to provide optionality against the stock.
In current market condition, there are many great mining companies with dividend still has very low stock price and overall valuation. Let us not get excited and start promoting everyone to buy the warrants, without understanding every details of this company, these are not devils activity (similar to our friend Randy).
Nick
Warrants are similar to option, it has a strike price and based on market value of the underlying stock owner of the warrants will cash in difference.
To understand more about warrants, please read below link
https://www.investopedia.com/terms/w/warrant.asp
On the equation of X = (B - A)/Y , explains about cashless exercise of the warrants can be calculated which is not new for any warrant.
Hope this helps.
There are also many new Metallurgist which which shows some progress.
Any idea where to track supreme court appeal ?
Nigel Bain (Metallurgist) joined in June from Barrick
https://www.linkedin.com/in/nigel-bain-ba27495a/
Here are few Hycroft Mining linked members
https://www.linkedin.com/in/jamie-baughn-2763bbb8/#experience-section
VP Controller - Eric joined Feb 2018:
https://www.linkedin.com/in/erik-bordwell-1506241b/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3BognweW2iTc%2BXmAzV6sBwng%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_people-search_srp_result&lici=HcMZtXPRR0mFRIdcppzUXw%3D%3D
HR Admin: (joined Feb 2018)
https://www.linkedin.com/in/lindsay-kaup-50aab8104/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3BognweW2iTc%2BXmAzV6sBwng%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_people-search_srp_result&lici=5UTge%2FYLTXSn5XUD%2BMSbXA%3D%3D
Director HR - Joined Jan 2018
https://www.linkedin.com/in/tori-martinez-7243b84/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3BognweW2iTc%2BXmAzV6sBwng%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_people-search_srp_result&lici=6GKYtTHQTpKvyuu3dH72Iw%3D%3D
Chief Metallurist: (Since Jan 2017)
https://www.linkedin.com/in/william-dafoe-49639b25/?lipi=urn%3Ali%3Apage%3Ad_flagship3_search_srp_people%3BognweW2iTc%2BXmAzV6sBwng%3D%3D&licu=urn%3Ali%3Acontrol%3Ad_flagship3_search_srp_people-search_srp_result&lici=QGFzZx%2FlSv2LmYKdcuRnwg%3D%3D
Rich, Do you think Randy was forced, we can jail him any more :- )
Reply to msg: 6772
Nick, I would not count on anything from Allied yet (does not matter 126M/78M/ as of now), these investments are in a seriously pathetic situation not even worth to dream to retired! What we are expecting is just hope that thief like Randy can change his heart and start in the constructive way for the company and its real share holder. My believe is that these hopes can only materialize if we send Randy to Jail for few years.
As we are burned out with ANV/HYCT, we hope you to collect all information and share what is real without any speculative in nature as it will not help any of us here.
Notes are due 2019, Randy is forced to take some action sooner than later, my be by end of this year!
Shorts still have close to 147K of position, with this kind of volume we might see some big pop some day soon!
https://www.otcmarkets.com/stock/HYCTW/quote
Thank you Rich, here are four positions in careers section
http://www.alliednevada.com/careers/
Strick price does not give money, we owe to the acquire the stock (if it worth). When we multiply share dilution (1.45 time), stick goes down as it goes through forward splits.
They also had the currency swaps which kept going against ANV with declining revenue. This guy Randy should have really bad in math. Don't know what shows in Jones bio of managing Freeport as CFO was really job successfully done or he was thrown out of Freeport.
they did announce by appointing two board members in Jan 10th, change of CEO and removal of superior quality idiot like Randy should have been a huge relief and great news to share to the public. Not sure if it is true have not come up in any side media or press. But Stephen Jones (CFO, Randy's buddy) signed quarterly report posted in Prime Clerk dated July 19th 2018.
Generally CEO will remove CFO first as they are partner in crime. I hope the rumor is true, but it is not connecting the dots to believe this to be true.
Where is stupid President and CEO 'Randy Buffington' ?
Anyone has seen him doing any work for the company ?
Banks are not fools, they have ultimata goal is to make money without going into dispute with the Client. I don't see it is Banks interest to own and operate a mine. When they do lend money they want to make sure that they have all ducks in row to make money for its shareholders.
We are as share holder need to understand, do we have the leader in place to represent our interest, we will either make or break if this guy at least understand what he is doing..
-- 30 plus years road map for the company and at a minimum have five years of liquidity with the company to operate.
-- Not create currency swaps - Did he ever played with his own money to create currency swaps
-- Go to secondary without understanding, if market has correct appetite
-- Have understanding of What is Legal -
-- Don't go and sleep with Fund Managers who has shorted the company to ZERO ..
If & when GOLD go north of 1350, GDX and GDXJ will start 3rd wave (which will be massive rally), that will create opportunity in lots of minors to make min 200 plus % ... I don't know if it is a good idea to believe on B*s**d Randy's leadership to create anything out of nothing (no cash, no revenue, no goodwill, ....) This guy took a 5B. company to ZERO with his creativity mind either fool all of us or totally s**p*d and no idea how to run a company.
I believe it is not a good idea to trust and put any more money into Randy's a*s and be cheerful about it.
I see the timestamp and share traded
https://www.otcmarkets.com/stock/HYCTW/overview
Novo Resource has no revenue yet, market cap is close to $1B USD, this sucker should go and get some tutoring from 'Dr. Quinton Hennigh' on how to run and manage Gold Resource companies.
http://www.novoresources.com/company/management/
Randy has no update what so ever since Jan 10th ...
This guy should have some courtesy to have at least once a month or at a minimum once a quarter update.. When you work for any company you are expected to have weekly update.. why this sucker can get by doing so many mistake in his life and still be called as CEO ...
----
Encouraging results of initial sulfide heap leach testing, leads Company to commence
feasibility study with M3 Engineering and Technology (“M3”)
– expected completion by mid-2018
HYCTW Short interest went up during last period by 3% (Randy's hedge fund friend's optimistic on making HYCTW to ZERO)
https://www.otcmarkets.com/stock/HYCTW/quote
Rich has given some of these detail earlier on this board...
They had total 75M total shares, with 17.5% being with warrant holders. The shares has gone up to 108M (as of some prior date, this could be more now). which makes our shares to be 1.45 time, which means if one has 10K of warrants they will be given 14.5K of shares with strike price being adjusted.
I am guessing if (big iff) they go public, by that time they would be doubled the shares to 150M or more - which makes our share 2 plus times.
They would also want to get cash from market, would like to fund the company for next five years and have plan to get Positive cash flow within year or two. Which means they will issue few more hundreds of millions of shares to new share holders, which will make our number of shares go up (as we always will have 17.5% of the company).
So by having 10K warrants we may land up having to buy 50K shares (considering 5 times) at 1/5th of our original strike price.
Nick 5K Warrants for 50K share is not about 10%, that is called reverse Split.
During bankruptcy - share holders of bankrupted company was given 17.5% of Hycroft Mine, with anti-dilution protection. Looks like it has gone up 1.45 times in share dilution since it went private. It may happen this dog will get few more times diluted before it goes public (if it does)... May be more like 5 minimum, as company will need money to to start operation.
Regarding purchasing warrants, I would put bid price not at current Bid - that is visible, but cent or two higher... This will take manipulators (using market maker) out of control. Getting at Bid price with pretty low volume is hard to get - Hope it helps.
Shorts are still hanging with 154K ... no change...
https://www.otcmarkets.com/stock/HYCTW/quote
hope Randy does not sell again to these b*****s to put money for his daily grocery.
Based on Jan 10th published update from Randy.. appointment of 'Michael Harrison' was apparent that they are looking to go public. Google up Michael Harrison... Few weeks back buying equipment from second market is also one more public information to connect to dots ....
Nick, Appreciate your details .. Still trying to put legality around following statement (which is the basis of all other calculation):
So 6.40$:1.45(shares)=4.41$ per Share.
75M seems to be correct as of time of Bankruptcy, they have since than diluted further through more loans.
Thank you Nick for detail. It states exercise price of $8.40, unless there was split not sure where 1.45 multiplier is coming from.
Nick where do you see 1.45 multiplier and strike price of 4.50USD ?
My highest price is 9 shares at $40.28c (after all kind of reverse splits - money taken away by Randy), lowest 1251 at .08c. Average 20K @ $1.83. Not buying anymore.
My guess is they have always been short same way we have been long for several years, at some point in time they will be forced to cover, don't know when.
Randy's ANV short seller friends whom he shared his bed with to sell secondary still holding close to 154K of short warrants ...
https://www.otcmarkets.com/stock/HYCTW/quote
I am not Buffington, I have been screwed by mr. Buffington same way as you all are.... I found those details from google search. I have been holding this like a pig since long long time, to realize to pain, in every few days, I do search on ANV, Hycroft to see any details out there. I also been following this thread to see to collect news...
you guys might all know these information..
Saw few of these links
http://www.letitbeproject.eu/manual/1469059394/gold-mine-equipment-mill-supply.html
FL to supply equipment for copper-magnetite plant Allied Nevada Gold to supply equipment and services for its major Hycroft gold mine expansion. . The order includes two SAG mills, two ball mills and one gyratory crusher to be
https://www.chemapan.co.za/association/9252/tertiary-crusher-circuit.html
Hycroft Mine Mill Expansion Project Allied Nevada Gold,The current crushing circuit will act as the primary crusher for the mill, with the secondary and tertiary .