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This email is still 2 years old and yet you keep posting it like it is relevant. Try finding something relevant in your pseudo due diligence.
LOL. 2nd quarter full scale operation!!! The PFS isn't scheduled to be completed until the second quarter of '24. PFS stands for " Pre Feasibility
Study". That's the study they do before the feasibility study. So your saying they're going to be in full operation before they even begin the feasibility study.
Those numbers were not from the last quarter of 2022 cherry picker. They were from the year ending 2022. From the linked you posted:
Production: Gold and silver sales for the year ended December 31, 2022, were 17,728 ounces and 44,084 ounces, respectively. Processing of ore on the leach pads from prior mining operations ceased in December 2022.
The last sentence clearly states they currently produce nothing.
That same email that you keep reposting is still 2 years old and still very irrelevant. If your so bullish on HYMC, buy some more. You'll have tax deductions for years to come.
Clock is now ticking to the next reverse split. They can still do a 1 for 2.5 RS without getting another approval. Just buying time until Ch. 11
Happy Reverse Split Day everybody. Just like SG predicted, the stock is about to 10x LOL. If your thinking about buying today, may I suggest you take your money and go to Vegas and put it all on any "Hard Way" of your choice at the craps table. You'll get the same odds and the same result - all gone. But at least you'll get a free drink for playing in Vegas.
This is actually mathematically correct. Current production rate is 0. According to SG's research, the production rate will triple.
So:
0 x 3 = 0 production rate after tripling.
Why are you still posting this email from 2 years ago. It is irrelevant just like everything else you post about this company.
Because he can't. Therefore he won't. Except to repost old pics, irrelevant pics, and 2 year old emails. Beware of the fraudsters: AKA pumpers. They need massive amounts of buyers to get their money back and they will say, do, and post anything to make it happen.
He won't because he can't. Hycroft is an exploration company not a mining. The only gold/silver being dug up there are in core samples.
SG is stock pumper and not a very good one. He has pumped the price from $3 down to $0.25 using stock photos of other mines, old photos of the HYMC from 2012, and old emails from the former Investor Relations Tracey Thom who left the company in April of 2022.
Another irrelevant post. That email was sent to Tracey Thom. She was head of investor relations at HYMC until she left in April of 2022.
Great job on your DD.
Cathy Wood Destroyed ARK investing. SG, you should take her to lunch. You 2 would have lots to talk about.
It's much more likely to go to 50 cents from $2.50. That's only an 80% loss - keep buying. There are plenty of shares for sale and more coming.
SG what happened??? You personally assured all of your fellow longs with a 100% gaurantee that there was no way a Reverse Split was coming. Where's your acknowledgement that you were WRONG?
People who can't see their mistakes will never be able to fix them. You have the worst case of confirmation bias that I've ever seen.
Go ahead and keep buying - It's your money. You are free to lose it anyway you choose.
There was never a hearing. Typically the NASDAQ review board scheduals hearings 30-45 days after the application for an appeal is received. That was 17 days ago on the Nov 9th. HYMC management wisely rescended the application knowing there was no way for a successful appeal because there is zero production producing zero revenue and won't be until well into the next year IF EVER.
I was surprised they only did a 1 for 10 RS. I incorrectly forcasted a 1 for 25 split. By the time the RS is effectuated, the share price will be well south of $0,20. The 1 for 10 RS will not leave them very much room for NASDAQ compliance. I expect another RS mid 2024.
Good news for longs though. HYMC saved $20,000 in the application fee by not having the hearing.
Good video. Is Chuck Taylor here on this board posing under a different name? lol
That video is irrelevant. It's over a year and a half old. AMC is down 96% (split adjusted) and HYMC is down 88% since it aired. Longs will try anything to pump this falling knife. I'm sure they think the next 10Q is going to be massive.
Possible I suppose if they got bought out by an actual mining company in the next year (Barrick, NovaGold, Newmont, etc). But I don't think hope and guessing are good trading or investment strategies.
I bought Mossimo at $0.25, sold at $12.50 after Target acquired them back in '99. But they were telegraphing that move.
I don't see anyone buying them anytime too soon. Why buy now when they can get it down the road for so much less.
So now you're saying the extension has been granted? That's weird. They're not filing for the hearing until Oct 9th (the day before the deadline). Because Dianne knows it's going to get rejected. She's just buying you bag holders some more days before she has to pull the trigger on a 1:25 RS. Post split price: $6.50 - To The Moon
Good call on the shares drying up. 2.5 million traded today. 35% above the 65 day average.
Maximum tax right off for individuals is $3,000 per year. Any amount over that can be carried over to following years.
1:10 doesn't give them enough breathing room especially at today's close. How low will it go? I believe they max out the RS at 1:25.
Wow!!! She even told you they weren't using metal from Hycroft mines to mint those coins. You're so far out in left field, you don't even believe the CEO when she's telling you straight up there's no production. You are delusional. Even the YouTubers are now saying it about you.
I wish you the best of luck getting your money back on the shares you paid $2 for. Learn to trade effectively and cut your losses. Sheeesh!!!
Notice how they are waiting to the last minute to file their request for a hearing. Why aren't they requesting that today or even this week? They are simply playing games to buy themselves more time (mere days) before they will be required to effectuate a reverse split.
More untruths from the resident liar. I am neither desperate nor terrified. I've already made my money on this turd with the Z warrants. I'm also not short on this POS as the PUTS are too expensive and too illiquid for my liking. I will be short post split if i can find options that meet my risk/reward criterion.
The one who is desperate and terrified is you sir. And if your not, you should be. You were claiming "all in" over a year ago when the share price was north of a $2. It's now making bran new 52 week lows. You will never get that money back from HYMC. You are riding this ship all the way to the bottom. Sucks to be a long investor. I'm here to make money. That's why I'm a trader.
Apologies. I agree with your statement. That was a question for SG.
Commercial operations haven't been realized. But a reverse split will be. Do you realize the magnitude of an RS. I presume you don't. Your head is stuck in the sand or somewhere else very dark. You should keep buy shares. They're getting cheaper everyday.
Hycroft commercial operations don't exist and won't until mid 2024 or later - if at all!
NASDAQ delisting letter will (should) be received tomorrow. The company then has 4 days (clock starts the following day after notification) to issue a press release. They then have 7 calendar to request a hearing and 15 calendar days to file an appeal.
Reverse Split is eminent. The appeal is simply being filed to effectuate a stay of execution.
Is this share buy back that you report is coming going to be before or after the reverse split? SMFH
LOL. Is that this coming Tuesday?
I just found out today that I'm a paid SHILL. That's awesome!!! But as this is bran new to me, can one of you other shills let me know where to pick up my checks. SMFH LMFAO.
Just watched the Straight Talk replay. I saw it the same as BigBlockwyz.
Debt load is a burden - as I posted here last week.
She says a share buy back isn't happening - as I posted last week, that would be financially irresponsible.
She also says that Hycroft will do whatever they have to to maintain their NASDAQ listing. If you don't translate that as "a reverse split is eminent", then you're choosing to be deaf and ignorant.
Prefeasibility Study (NOT PRODUCTION) to be completed in Q2 of 2024. That screams loud and clear that they will not be able to regain NASDAQ PPS compliance even if a 180 extension is approved. Therefore, it is highly likely that it will not be approved. Yeah, I posted that last week too.
Thank you savinggrace for your direct message to me last month calling me a "dumb dick" and saying "I know nothing", If you were right, that means you know less than nothing as Dianne has validated much of what I have posted here. You should try posting something based in facts instead of your usual bullshit, lies, and fake pictures.
LOL. That's a great stock photo of an underground mine in Peru. Thanks for sharing
That's meaningless. Let's look at real numbers from the last 10Q.
Total Assets: $222.73M
Total Liabilities:$185.12M
That equates to a Total Equity of: $37.61M
They've been burning through equity at a steady rate of $13M per quarter. This current quarter ends in 3 days. At that burn rate, Liabilities will outweigh Assets by the end of the 1st quarter in 2024 creating a negative equity position.
We know - we know, the next 10Q is going to be bomb shell with explosive news. Maybe they'll final start putting those diamonds on the balance sheet.
There will not be a share buy back. Dianne Garrett tossed that tiny carrot during an interview and some people here are chewing on it like a piece of steak.
Companies use share buy backs to deliver profits to shareholders in lieu of dividends as it is typically more tax advantageous for shareholders.
Not only are there no profits at Hycroft, there is no production and therefore no revenue, and they are bleeding cash at roughly $15M per quarter.
I believe NASDAQ upholds their delisting notification pursuant to there rules for listing requirements. As such, I also believe Hycroft will choose to remain on the NASDAQ by affecting a reverse split at 1 for 25 taking the stock price up to a $6.00 - $7.50 range depending how low the stock price goes by Christmas time.
Finally something true from this guy. Yes, any action by NASDAQ will be stayed during the hearing process. But this information has already been disseminated here on this board.
So lets see how confident Dianne is on the HYMC appeal. If her confidence is high that the board grants a 3rd 180 non-compliance period, then she will file the appeal on Oct 3rd (the day the delisting notification is received). If her confidence is low, she will file after waiting the maximum number of days (7 days) which will be Oct 10th in a desperate attempt to extend the timeline of the inevitable.
It shouldn't take the board too long to figure out that an additional 180 days isn't going to matter. The hearing is typically 30-45 days after the appeal is received and the hearing can take up to 30 days. So the reverse split or delisting, which ever the Dianne and company choose, could be a nice little Christmas stocking stuffer for all the longs.
Cashing in dollars for cents!!!
Thanks for posting what was already posted dip shit. You say they won't split because you're an insider on the NASDAQ now too as well as HYMC? I think not. If the hearing panel rejects the appeal, HYMC will be forced to split or get delisted.
HYMC announced this morning that it plans to file a request for a hearing before the NASDAQ hearing panel. Any future action by NASDAQ is stayed during the panels deliberation.
There seems to be a fair amount of definition confusion on both sides concerning non-compliance period vs extension. HYMC became non-compliant in early Oct 2022 after 30 consecutive trading days with a closing share price below $1. That initiated a non-compliance letter from NASDAQ beginning their 1st 180 day non-compliance period. After that period ended in early April 2023, that company filed for and was granted a 2nd non-compliance period (their 1st 180 day extension). That period ends on Oct 2nd 2023; however, there are not enough trading days between now and then to regain compliance - NASDAQ requires 10 consecutive trading days at or above $1. There are only 6 trading days left between now and Oct 2nd including Oct 2nd.
HYMC can be granted another 180 day extension, but it has to be granted by the NASDAQ hearing panel through the appeals process.
Webtex44, whom I am responding to here, thinks the extension will be granted based on market cap, valuations, and infrastructure. Others, myself included, think otherwise. That it will not be granted based on the company's own projections of no production and no revenue until sometime in 2024. Despite my bearish opinion, I am aware that due to an escalation of reverse splits enacted in the NASDAQ market that they are softening their position.
2020: 94 RS
2021: 31 RS
2022: 196 RS
2023: as of June 164 RS
Bottom Line, we will all know soon enough. I'm guessing the second week of October as HYMC won't be obligated to disclose anything until Oct 9th. If I'm wrong, first rounds on me. However in full discloser, I do not purchase Anheuser-Busch products.
Owww!!! is right. Being long on Hycroft is painful.