is...(Never argue with fools. They will drag you down to their level and beat you with experience.)
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Nu Ride Inc. director acquires over $1.2m in company stock
Nu Ride Inc. (NASDAQ:NRDE), previously known as Lordstown Motors (OTC:NRDE) Corp., has seen significant purchasing activity from one of its directors, Andrew L. Sole. According to recent filings, Sole has acquired a substantial number of shares valued at over $1.2 million, indicating a strong vote of confidence in the motor vehicle company's future prospects.
Over a series of transactions, Sole purchased a total of 543,566 shares of Nu Ride Inc. common stock. The purchases occurred on three separate dates, with the prices per share ranging from $2.2474 to $2.3023. On March 14, 2024, Sole bought 52,603 shares at $2.2474 each. The following day, he added another 225,000 shares to his holdings, paying $2.3023 per share. The buying spree concluded on March 18, with Sole acquiring 264,963 shares at a price of $2.2987 each.
The total amount spent on these transactions amounted to $1,245,307, reflecting a notable investment by the director into the company. It's worth mentioning that these shares are held indirectly by Esopus Creek Value Series Fund LP - Series A, with Sole's pecuniary interest in the securities being the extent of his ownership claim, as per the footnotes in the filing.
This financial move by a key insider often garners the attention of investors, as it may signal insider beliefs about the company's valuation and future performance. Nu Ride Inc., with its focus on the automotive industry, particularly in the manufacturing of passenger car bodies, is at the forefront of a dynamic and evolving sector.
Investors and market watchers alike will be keeping a close eye on Nu Ride Inc. to see how this insider activity might align with the company's strategic direction and performance in the coming quarters.
InvestingPro Insights
Nu Ride Inc. (NASDAQ:NRDE) has captured the market's attention not only through insider buying activity but also through its intriguing financial metrics and analyst expectations. A key point to note from InvestingPro Tips is that analysts are forecasting sales growth for the current year, which could signal a positive outlook for the company's revenue trajectory. This aligns with the recent insider purchases, potentially indicating a belief in the company's growth potential. Additionally, despite the company's significant revenue growth over the last twelve months, Nu Ride Inc. is not expected to be profitable this year, which investors should consider when evaluating the company's near-term financial health.
Looking at the real-time metrics from InvestingPro, Nu Ride Inc. has a market capitalization of 30.58 million USD, which places it in the smaller spectrum of publicly traded companies. The company's Price to Book ratio as of the last twelve months stands at 2.07, which can offer insights into how the market values the company's net assets. The substantial revenue growth of 1106.19% over the last twelve months is particularly eye-catching, although it's important to reconcile this with the company's gross profit margin of -3812.39%, which indicates challenges in maintaining profitability.
For those interested in a deeper dive into Nu Ride Inc., there are additional InvestingPro Tips available that could provide further insights into the company's financial health and market performance. Remember to use coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro, where you can access a total of 16 additional tips for a comprehensive investment analysis.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
The writing is on the wall. $NRDE to win largest lawsuit ever recorded. Insiders prepare for massive growth.
https://www.investing.com/news/company-news/nu-ride-inc-director-acquires-over-12m-in-company-stock-93CH-3360747
Hycroft Mine Expansion Winnemucca, Nevada
SMG provided conceptual, final mechanical and structural engineering and design of belt conveyors including transfer structures and chutes. A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
http://www.smgengr.com/material-handling-systems.html
A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
Massive belt conveyors including transfer structures and chutes.
CEO Diane Garrett said; We have a tremendous amount of infrastructure already on site at Hycroft Mining Holding Corporation – infrastructure that, if planned and purchased today, would exceed well over a billion dollars. That advantage means we’re ahead of the curve of a typical developer.
https://www.linkedin.com/company/hycroftmining
SMG massive conveyor system.
http://www.smgengr.com/material-handling-systems.html
Hycroft Mining: Infrastructure and Equipment Owned by Hycroft
Everyone knows Hycroft is transitioning to a milling operation. The mining plan will come from the drilling results as explained by CEO Diane. Drilling results could be explosive and why shorts are terrified. New money pouring in on good results may force a squeeze yet this summer with the new mine plan.
Hycroft Infrastructure is in place and ready to restart.
$1.2Billion invested, preparing for massive commercial operation.
A second Refinery is under construction with everything in place. This is a massive commercial operation.
Hycroft is expected to have a workforce of over 500 when it's said a done. All infrastructure is prepared, in place and ready.
Hycroft Mine Expansion Winnemucca, Nevada
SMG provided conceptual, final mechanical and structural engineering and design of belt conveyors including transfer structures and chutes. A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
http://www.smgengr.com/material-handling-systems.html
A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
Massive belt conveyors including transfer structures and chutes.
CEO Diane Garrett said; We have a tremendous amount of infrastructure already on site at Hycroft Mining Holding Corporation – infrastructure that, if planned and purchased today, would exceed well over a billion dollars. That advantage means we’re ahead of the curve of a typical developer.
https://www.linkedin.com/company/hycroftmining
SMG massive conveyor system.
http://www.smgengr.com/material-handling-systems.html
Hycroft Mining: Infrastructure and Equipment Owned by Hycroft
Stop Lying 1vman. Filings state third quarter mine plan and underground restart coming sooner than expected and VP Alex Davidson confirms it in Apr. 3 PR
Hycroft Exploration Program Defines High-Grade Mineralization Controls
April 03 2024 - 8:00AM
PR Newswire (US)
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Data demonstrates potential for underground mine scenario
WINNEMUCCA, Nev., April 3, 2024 /PRNewswire/ -- Hycroft Mining Holding Corporation (Nasdaq: HYMC) ("Hycroft" or "the Company") is pleased to provide an update for the ongoing 2024 exploration drill program.
The 2024 Brimstone and Vortex drilling is well underway with assays pending on the initial drill holes. This 10-hole program, launched in February 2024, is targeting the two high-grade underground silver trends discovered in November 2023 (see news release dated November 16, 2023 "Hycroft Drills Best Hole Ever - Discovers New High-Grade Silver System"). Due to the exciting results achieved, this drill program was launched in February 2024 and will continue through May 2024 with flexibility to expand the program. The drilling is targeting confirmation of the continuity of the high-grade silver mineralization between the Vortex-Brimstone trend and the Vortex-Camel trend, expanding both trends along strike and at depth, and enhancing our understanding of structural controls.
Alex Davidson, Vice President, Exploration, commented "The paradigm is shifting with our understanding of what is controlling the high-grade mineralization within the expansive Hycroft system. This new understanding of low-angle structural controls has far-reaching implications for the broader district-scale targets, as well as the high-grade silver discoveries. This has been confirmed through drill data and recent geophysics. This work supports the idea of a potential underground starter mine at Hycroft, which would contribute to more robust economics and lower initial capital costs generating better value for our shareholders."
Mr. Davidson also commented: "The Vortex-Brimstone trend is a series of well-defined high-grade veins that remains open in both directions and at depth. The Vortex-Camel trend is a structurally controlled system that has become more apparent as we continue our work that also remains open in both directions and at depth."
Diane R. Garrett, President and CEO stated: "The exploration and on-going technical work at Hycroft is solidifying our belief that the potential of this asset has yet to be fully understood. Through our work and on-going communications and marketing to the investing public, our story is resonating positively and we are pleased to see that reflected in the recent performance of our share price.
"Not only does our team continue to deliver incredibly strong exploration results, fueling this project forward, but they also continue to demonstrate a commitment to health and safety at site continuing to maintain a 0.00 TRIFR."
Corporate Update
During the first quarter of 2024, the Company continued to operate safely and execute its plans to further drill the newly identified high-grade silver trends, advance the technical work for a sulfide milling operation, and enhance the balance sheet. In addition to ongoing exploration and other operational expenditures, on January 5, 2024, the Company voluntarily pre-paid $38 million of its senior secured debt with Sprott Resource Lending. At March 31, 2024, unrestricted cash was $57.4 million, restricted cash was $26.6 million, and the Company was in compliance with its debt covenants.
About Hycroft Mining Holding Corporation
Hycroft Mining Holding Corporation is a US-based gold and silver company exploring and developing the Hycroft Mine, one of the world's largest precious metals deposits located in northern Nevada, a Tier-1 mining jurisdiction. After a long history of oxide heap leaching operations, the Company is focused on completing the technical studies to transition the Hycroft Mine into a large-scale milling operation for processing the sulfide ore. In addition, the Company is engaged in a robust exploration drill program to unlock the full potential of our expansive +64,000-acre land package, of which less than 10% has been explored. In 2023, Hycroft announced the discovery of a new high-grade silver system within the known resource area and the delineation of two new high-grade silver trends. These discoveries represent a significant new value driver for the Hycroft Mine that the Company is following up on with additional drilling in 2024.
Cautionary Note Regarding Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Securities Exchange Act of 1934, as amended, or the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included herein and public statements by our officers or representatives, that address activities, events or developments that our management expects or anticipates will or may occur in the future, are forward-looking statements, including but not limited to such things as future business strategy, plans and goals, competitive strengths and expansion and growth of our business. The words "estimate", "plan", "anticipate", "expect", "intend", "believe" "target", "budget", "may", "can", "will", "would", "could", "should", "seeks", or "scheduled to" and similar words or expressions, or negatives of these terms or other variations of these terms or comparable language or any discussion of strategy or intention identify forward-looking statements. Forward-looking statements address activities, events, or developments that the Company expects or anticipates will or may occur in the future and are based on current expectations and assumptions. Forward-looking statements include, but are not limited to (i) risks related to changes in our operations at the Hycroft Mine, including risks associated with the cessation of mining operations at the Hycroft Mine; uncertainties concerning estimates of mineral resources; risks related to a lack of a completed feasibility study; and risks related to our ability to re-establish commercially feasible mining operations; (ii) industry related risks including fluctuations in the price of gold and silver; the commercial success of, and risks related to, our exploration and development activities; uncertainties and risks related to our reliance on contractors and consultants; availability and cost of equipment, supplies, energy, or reagents. The exploration target does not represent, and should not be construed to be, an estimate of a mineral resource or mineral reserve, as ranges of potential tonnage and grade (or quality) of the exploration target are conceptual in nature; there has been insufficient exploration of the relevant property or properties to estimate a mineral resource; and it is uncertain if further exploration will result in the estimation of a mineral resource. These risks may include the following, and the occurrence of one or more of the events or circumstances alone or in combination with other events or circumstances may have a material adverse effect on the Company's business, cash flows, financial condition, and results of operations. Please see our "Risk Factors" outlined in our Annual Report on Form 10-K for the year ended December 31, 2023, our Quarterly Report on Form 10-Q for the period ended September 30, 2023, and other reports filed with the SEC for more information about these and other risks. You are cautioned against attributing undue certainty to forward-looking statements. Although we have attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Although these forward-looking statements were based on assumptions that the Company believes are reasonable when made, you are cautioned that forward-looking statements are not guarantees of future performance and that actual results, performance, or achievements may differ materially from those made in or suggested by the forward-looking statements in this news release. In addition, even if our results, performance, or achievements are consistent with the forward-looking statements contained in this news release, those results, performance or achievements may not be indicative of results, performance or achievements in subsequent periods. Given these risks and uncertainties, you are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statements made in this news release speak only as of the date of those statements. We undertake no obligation to update those statements or publicly announce the results of any revisions to any of those statements to reflect future events or developments.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/hycroft-exploration-program-defines-high-grade-mineralization-controls-302107140.html
SOURCE Hycroft Mining Holding Corporation
Copyright 2024 PR Newswire
Not the world just the end of Bitcoin. All mining has stopped and won't continue. It's a fact. Sorry and Good Luck.
Main Headquarters at Three Gorges Dam ceased power supply and infrastructure is destroyed. It's Game Over.
Yup, my basher/stalker is on every post of mine. What does that say, I'm 100% right about everything and we all know it. Even the punk knows it. LoL SMH
To have a known basher stalking every single post I make and is a good indicator that I'm right on the money and getting under the punks skin. LoL SMH
Is Mark importing illegal Chinese weapons rather than Tractors. Are the Tractors just a front since he's not reporting any?
Since Mark says nothing, I bet he's up to no good, smuggling horse shit weapons from China instead of tractors.
Somebody needs to tip off the port. We have waited long enough for Mark to remain silent and sneaky.
Negative The Year of the Dragon begins on February 10, 2024.
Maybe open the door. You'll see and smell the horseshit as clear as a bell. Stalking Shit Coin has no future.
Nesara Gesara The Golden Age has begun with no room for Shit Coin. Sorry and Good Luck, you're going to need it.
The Year of the Dragon begins on February 10, 2024.
Prudent, Stop Lying. We can see 2022 production from the filing. Why Lie about it.
Shorts are afraid to short LoL Terrified, as their short sell to 3.62 got swallowed up and spit out like chump change. Gearing up for a major silver squeeze on the way.
Short selling European Central Banks having problems at the London Bridge has fallen down.
Hycroft Field Trip | Mining University | Trip, Field trip, Winnemucca
Yes, it's going to be Biblical. Silver $2000
Blast Off! AMC, It's going to be Biblical.
Just spells more debt. It's going to take some time before anything gets figured out.
$1.2Billion invested, preparing for massive commercial operation.
A second Refinery is under construction with everything in place. This is a massive commercial operation.
Hycroft is expected to have a workforce of over 500 when it's said a done. All infrastructure is prepared, in place and ready.
Hycroft Mine Expansion Winnemucca, Nevada
SMG provided conceptual, final mechanical and structural engineering and design of belt conveyors including transfer structures and chutes. A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
http://www.smgengr.com/material-handling-systems.html
A fast-track schedule and changing priorities required quick SMG responses to complete engineering on schedule.
Massive belt conveyors including transfer structures and chutes.
CEO Diane Garrett said; We have a tremendous amount of infrastructure already on site at Hycroft Mining Holding Corporation – infrastructure that, if planned and purchased today, would exceed well over a billion dollars. That advantage means we’re ahead of the curve of a typical developer.
https://www.linkedin.com/company/hycroftmining
SMG massive conveyor system.
http://www.smgengr.com/material-handling-systems.html
Hycroft Mining: Infrastructure and Equipment Owned by Hycroft
The market and Investors love $HYMC
Now that Schwab and Rothschild Central Banks and affiliates are gone.
It's no coincidence this scam hovers over $66666.66
The floor is ready to give out.
Hycroft Mining (NASDAQ:HYMC) US Silver & Gold Developer
Adopting a fairer system backed by Gold.
As a Pilot we all know the truth but had to sign our Allegiance to the lie.
Flat as a pancake.
Sea level means LEVEL. It's the same elevation on Earth, for every Ocean. LEVEL
Horizon means Horizontal.
Bitcoin Mining is OVER.
$66666.66 LoL, Wow! SMH
Worldwide Ponzi scheme. All Banks affected. No Mining any more.
Just posting the recent facts. The floor will fall out on this one.
https://www.businessinsider.com/jamie-dimon-bitcoin-crypto-ponzi-scheme-fraud-currency-blockchain-jpmorgan-2024-4?op=1
Ya but they're finding out, it is. Did you read the article? This shit is what will vamp up the bank run that has already started
https://www.businessinsider.com/jamie-dimon-bitcoin-crypto-ponzi-scheme-fraud-currency-blockchain-jpmorgan-2024-4?op=1
It's a worldwide Ponzi scheme. All will be affected.
Just posting the recent facts. The floor will fall out on this one.
https://www.businessinsider.com/jamie-dimon-bitcoin-crypto-ponzi-scheme-fraud-currency-blockchain-jpmorgan-2024-4?op=1
Insiders Dumping Large positions. They are running away.
Jamie Dimon calls bitcoin a 'fraud' and a 'Ponzi scheme' — and says the crypto is hopeless as a currency
Dimon has dismissed bitcoin as a "pet rock" in the past and slammed it for enabling criminals. All will be caught and imprisoned until tribunal.