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My guess is Buffington was Fired when they (Hycroft Board of Directors after going public through SPAC) realized that the technology that Mr Buffington has put together is going to work.
FYI: Keep in mind Mr Buffignton is a Civil Engineer not from Geologist or Chemistry background.
They are working on exit plan since Randy was fired July 1, 2020. Garrett is economist has no clue on technology, She can not necessarily make any significant change to technology or bring any major impact to Hycroft's future.
This 500 million additional equity is being planned post Buffington's departure (since more than a year) and being executed through proper backing from organization/individuals behind the scene.
Our Randy is in BOD for "Chesapeake Gold Corp" also Mining consultant for Rajjkb
Linked in:
https://www.linkedin.com/in/randy-buffington-0320361b4/
500 Million is like 10 times of current share structure. My guess is take over is underway..
Someone big guys already have majority of ANV Warrants, they might be part of the deal. They will have to honor the anti-dilution and take calculation from 2015 and not 2020.
Generally what we see in the news is already baked into the shares, as these major changed takes time to finalize.
I see the correlation with this guy in youtube, he calls his channel 'Eliott Wave Principle' .. he is predicting $5 Silver .. I see him as newbie into Eliott wave theory does not understand that Eliott Wave is good to paint the picture after it is all done (it is good to see and feel good), it is not a prediction tool.. It generally works in very small timeframe (5 minutes, 1 minutes chart) fails measurably in larger timeframe.. Hope he is just taking for sake of taking, has not put his own hard earned money to short Silver..
Good luck on Shorting the stock of the sector which is going to get fueled with so many catalyst: Petro Dollar Impact, Aggressive FED Printing, Suppressed Inflation bound to get out of control (forced by Pandemic restriction)..Commodity Cycle to start for next several years.
Where our beloved Mr Bu****gton *hole...
I love to see the genius Geologist Mr. Buffington.. Not sure if he was qualified to understand Gold/Silver mining nor does Diane Garrett our current CEO.. These guys are all in the position because they can do good laying job.
HYMCZ/HYMCW is up 6424% since Aug 2020...
I wish I would have hedged this..
HYMCZ is up big way comparison to all other Hycroft instrument.. It is unbelievable to see Market cap of a Gold Minor in Top Tier jurisdiction producing 100 plus million revenue.
With the amount of fund needed to take it to next step, I would expect some big boy is already in the process of taking the possession of the Mine. All current board and the executives will be removed, ANV shareholders will be honored with 17.5% of the company and will have additional benefit to give away anti-dilution.
With the news out.. expect HYMCZ to minimum 10x, HYMC to 2x.
Market is mostly forward looking, all these are already priced into the stock. Expect 200% up from here very soon..
HYMCZ will trade 1 for 1 with HYMC as we have 17.5% of the company and hold anti-dilution.
Gold Minors are showing signs of weekly RSI divergence, expect GDX to hit 52 weeks low tomorrow and have reversal. It could be a beer trap.
Next run will be a huge for Minors.. I will be nervous to stay short beyond tomorrow.
Expect HYMCZ to outperform HYMC.
HYMCZ/HYMC chart had an inside day today closing at .2593, which is positive.
HYMCZ Long and HYMC Short hedge shows 2000% plus since last year.. Since March 2021 it was low at .04 it is now trading at .2658. It is showing clear uptrend in daily/weekly/monthly chart.
Is this a news ?
Thank you Nick for all these information.
Long HYMCZ ....
Anyone knows, how many HYMC shares does Jason Mudrick own ? Was he forced to handover his shares ?
I am certain there are some agent representing Jason on this Board...
Let us not use this board to DUMP the stock.
If you have facts, please provide those facts with necessary disclosure and link.
DRD has .20 g/t with 200 KOZ yearly production .... They have 52 Cents of Dividend per year.
Hycroft can be made profitable and someone with better management can buy this and turn around and make huge profit.
From Aug 2020 HYMCZ/HYMC has performed 3250% ...
We on this board are broadly ANV share holders (part of HYMCZ). None of us care about dumping scheme that you might know and used to.
Next big wave of Precious Metal Mining sector is coming.. as number of shares to be sold is much larger than the current number of shares, it is likely that purchaser of the share will hold majority stake and control of the board ..
Open Pit is very easy technology, which was made complicated by these bunch of jokers.. Look like DRD .. they just expanded Open Pit in raid pace within 9 month and made the company profitable in no time..
We only talk 17.5% and Anti-Dilution protected .. More dilution HYMC gets more benefit HYMCZ share holder have.
I did ratio analysis on HYMCZ/HYMC, it has 4483% return since Feb 2020, which means if you would have bought HYMCZ in Feb 2020 and Sold HYMC for same amount, you would have made 4483% till date.
It is pretty apparent that you are using this board to encourage selling HYMC which is already very weak in a weak mining environment.. and you are SHORT on HYMC ... Keep dumping HYMC.. None of care as we are not long HYMC ...
We are (ANV share holders) 17.5% of Hycroft Mine and we hold anti-dilution, company cannot dilute our portion ...
Don't be surprise with big blowout in case of buyout ..
I don't think they are or can sell (with this thin volume) in open market. I would think either the deal might have been done or will be done under the table .. once they announce, it will go for 100 plus % jump in a day..
With GOLD/GDX/Silver about to take off very soon.. all these pathetic call of $.94.. $.40 .. $.50 will be in the dream.
We are all very sure to make money on HYMCZ .. We all can suggest to buy some HYMCZ soon, before it is too late.
With CUP and Handle forming on Gold Monthly and Weekly, there is every possibility that we could see a huge run on Gold. Handle has been forming since August 2020 August.
We still have 4 and half months to go on 2021, Gold has potential to see a quick run to upper $2000 in 2021. I would say, with 500M/selling 250 million share and anti dilution to our warrants. We could see surprise Warrant valuation of above Hycroft normal share.
FYI: Palantir invested 50$ dollar in Gold Bar.. This will become trend for some of the companies to hold Physical asset instead of paper Dollar in balance sheet.
Weekly Volume:
Starting Dec 14th had 3.697M, this week we have so far 2.689M.
Weekly Chart shows one of the best Cup & Handle formation. We should see some of the momentum buyers get in and drive the price very high.
HYMCZ has fueled Gold and Silver market this morning :- )
I think so too.. they might be thinking of buying HYMC instead buying HYMCZ. Some rookie is buying up all of 12 Million Warrants.
Trade sizes were pretty much in 100 shares lot .. it is heard to sell .. But there is certainly a story behind this move.
Buyer certainly has some information to get this ahead of everyone else.
My take is, they have cleanup all of hanging trades during premarket. Real move should come during the day now.
Fidelity lets you buy/sell in premarket with regular account.
Selling all stake on Hycroft with huge loss suggest there might have been some legal challenge for Jason Mudrick with SPAC & Legacy ANV Ownership issue.
Mudrick & Co have disposed all of HYMC, HYMCW & HYMCL .. It is not clear if they have moved this to another hedge fund to take advantage of tax loss write off .. or there is another strategy under the table for Mudrick & Co.
What does this mean ? I don't see any detail on HYMCZ aka 'Seller Warrants'.
No one will block you from posting your opinion. No one is owner of this board. It is a public forum.
It is about questions like explain why we see these drops, as if we have the control on the entire saga of Hycroft and its ever pathetic management chain.
We all Allied Nevada investors are in the dark for many years now and no one want to be part of this sage for any longer. We all want to get out of this pathetic investment and treat this as our last lesson of our investment and grow out of this.
Guys,
If any HYMCZ holder does not think it is a right investment for them, they can take personal decision to sale and get out. Buying ANV/HYMCZ was one of your personal decision no one from this board had put a gun on your head to buy ANV share or HYMCZ warrant.
Understand that investment is risky and investing into HYMCZ much higher risk.
No way shape or form any of us in this board are financial advisor to advice to buy or sale Nor (if anyone gives advice) one should take those advice seriously.
Saying that we also don't want to babysit around, diapers are getting expensive.
Please take care!
Go HYMCZ.
Thanking you all.
Someone is shaking up the tree (with heavy winds) to see how many fruits they can remove ... Bottomline is with $40 strike price someone is buying .. there has to be a reason.
HYMCZ is the Hycroft instrument possibly which has maximum volume, if you take sum of trades since end of December 2020.
With recent activity, it indicates rain is on the way.. we might see some erratic move very soon.
It is a big huge red candle .. does not look good..
Not sure why it is falling like crap .. May be SEC is under Mudrick's skin with SPAC and ANV warrants. HYMCZ looks to be showing better overall strength.
Go HYMCZ ...
Looks like SEC is all over Hycroft .. Let us see what all they find and how it all turns out.
Is there any other example like ANV --> HYMC through SPAC where old share holders were thrown under the bus.
Jordan Chart is in totally agreement with your derivation of the situation.
If you look at all three charts HYMC, HYMCW and HYMCZ.
HYMCZ is in a clear uptrend wit having multiple higher high and higher low and Moving averages are in uptrend in Daily, Weekly & Monthly scale.
Same time HYMC and HYMCW have not shown signs of completing downtrend yet.
Technically: We want to see a gradual sustained slow upside to turn near term averages upward and create a rally.
Fundamentally: Mudrick has to accept and declare 17.5% ownership for ANV shareholders as soon as possible to stay out of trouble. I expect our strike price to come lowest of all of warrants currently traded plus anti-dilution.
Technical analysis is not exact science, but it gives a better path considering various actors involves in this bulls/bears, supply/demand. IMO, this gives more knowledge about current players in the market and how they see the future of the instrument.
Better closer .3887.. It has great bounce from 200 Day MA and a gap fill at 30 cents... closing very strong with highest since 18th March.
Charts are looking very strong ... Technically, it should shoot up like crazy ... not sure if 17.5% enforcement is on the way ...
Let us hope Mr. Mudrick keeps up his Wendy's job ..
HYMC got to listing through SPAC. That is how Mr. Mudrick got all ANV share holder portion.
Jordan, I doubt they can get majority of the warrants acquired below $4. We know one of the party have acquired close the 3 millions of warrants of Dec 17th and 18th, all we know this could have been tax loss transfer between two institution.
I also don't think company can legally buy in open market above certain percentage without making it public.
It is surprising to see that a SPAC company, fired the CEO and CFO and started managing the company.. It is totally absurd.. Like saying Michael Klein (CCIV SPAC Director) will fire Peter Rawlinson (Lucid CEO) and run the LucidMotor.
Our main goal is to make these guys pay for what misery they have caused to real owner of the company.
thank you!