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INFORMATION: The first 180 days following a company's receipt of a deficiency notice from Nasdaq are not considered an extension. During the initial period, the company is granted " a compliance period" to regain compliance with applicable requirements. If the company fail to regain compliance within the first 180 days. It may be eligible for an extension of a second 180 day compliance period. So, this confirm that HYMC has only been given one extension so far. I think that they will request a second extension and it will be granted because the company's cash on hand is well above the company's market cap..The 1.2 billion in infastructure will also be considered.
Investors would be really foolish to take anything you are saying seriously. One thing I found out years ago is that people who claim to know everything usually know nothing. Time will tell if you are anywhere close to being correct. I am betting against our message board professional miner.
The 2023/24 new mine plan look very interesting. In the Strategic Objective Section: Item (3) Improve capital structure by converting subordinated debt to equity/equity like and item (6) Assess M&A targets that would accelerate timing to production and cash flows. Partnering with another well established mining company could provide funds to help pay for the milling operation. I think we are closer to production than most people on this message board realize.
Revolutionary advances in laser mining technologies by the Colorado School of the Mines. A game changer for HYMC.
Over 16 million volume today.
Verification of my last post. Check minute 8:05 on 2022 Video of Annual Meeting of Shareholders.
The new leach pad is for oxide and some transition ore that they will encounter when the mining resume, because it is the most economical way to process this type of ore. The company is more prepared for the future than many people posting on this message board realize.
If this is what is happening. Selling silver coins make a lot since. Hopefully they will say more in the Q1 earning report in May. Good luck to all of us long term investors.
Diane Garret has stated that they have found value in previously mined ore that was considered trash. If Allied Nevada was strictly mining for gold, there is tons of ore at Hycroft to recover silver ffrom. It is called (re-mining). I have researched this process and it looks great for all long term investors. Remember she was extremely excited about silver in one of her videos.
Thanks, I was able to cut my cost down to 71.6 cent a share.
50,000 Shares, Thanks to everyone that helped to make this happen.
Hycoft has over 140 million cash on hand, 12 million cash when surplus (mill equipment) sale close at the end of the year or early next year and they have 6700 ounces of un-sold gold inventory with the price of gold today at approximately 1800 an ounce is another 12 million dollars. All adding up to over 164 million cash. This is very bullish and have caused me to buy alot more shares. This stock selling at under 50 cent a share is a bargin, I am loving it.
For anyone out there who still have their investment HYMC, you can look at HYMC Recent News on this page and you can see that Mudrick now owns 35,575,900 shares of this stock. Everything in my prior post is correct, so be aware of the deception and manipulation that is occurring.
SG, The information in this article is incorrect. It is true that AMC is the largest holder of HYMC stock when you account for their warrants. When they excercise their warrants they will own over 46 million shares of HYMC stock.
I have used the WHALEWISDOM website for many years and their information has always been correct. It showed that Mudrick purchased over 11 million shares of stock reported on 11/30/22 to bring their total ownership of HYMC to over 35 million shares. It also showed that Mudrick has purchased over 13 million warrants.
If you go to the WHALEWISDOM website now all information on the ownership of HYMC stock and warrants is missing. It appear to be a lot of deception going on after I mentioned the site. I don't know who has the power to get this information taken down. My opinion to investors in this stock is to not give up your shares at these low prices.
With the debt holder taking the debt for equity swap and Mudrick purchasing over 11 million shares 11/30/22 tells me that something really good is happening at Hycroft.
Check out the WHALEWISDOM website. Mudrick now owns over 35 million shares of HYMC stock.
Mudrick bought 11,181,054 shares of HYMC, reported on 11/30/22.
Time will tell if they are clowns. I'm sure they were given sudstantial information about what is happening at the mine in order to agree to a deal like that. The current stock price has nothing to do with the success or failure of this company.
If I didn't already have 30,000 shares at an average price of 93.2 cent a share. I would surely buy more. Very long and strong on HYMC.
A debt for equity swap of 5.5 million dollars for 500,000 shares. That is a projection of 11 dollars a share. They must have told them something good.
The answer is, they did not sale anything they need to continue with the building of their milling operation. No one would sell equipmet that they need for ,30 cent on a dollar when they already have 153 million on the books.
The funds that they receive from the sale of the SURPLUS milling equipment will increase the balance sheet. Add these funds to the 153 million that they presently have on the books is a good thing. The company stated in last quarts report that the deal will close before 12/31/22.
The funds that they receive from the sale of the SURPLUS milling equipment will increase the balance sheet. The company stated in last quarts report that the deal should close before 12/31/22. Sounds good to me.
Hycroft did not sale equipment needed for the milling operation that they are currently building. The equipment they sold was surplus equipment. I looked at the article you posted and it clearly stated that it was surplus equipment. If you do not know the meaning of surplus, I suggest that you look it up and re-visit the article you posted.
(On youtube.com) Interview w/ Hycroft CEO Dr. Diane Garrett on #HYMC #AMC
You are correct again. In the Ausenco techical report they stated that when the transition to the pox milling processing was holted in 2019 that only oxide ore was placed on the leach pad. That is what they are and have been processing from 2019 until now. I guess the (they're not miming crew) think that the sulfide ore just somehow magically disappeared.
The company has plenty of sulfide ore that has already been mined on hand. Sulfide ore is what they need for the Merril-Crowe plants to process. As I stated in a prior post, Merril-Crowe processing need fewer personnel for operations and maintenance.
I beiieve that the M/C plants are in operations or very close to full operations. We will find out if that is the case on next quarters report.
By the time a major mining operation is announced, many people will be left behind, If that is what they are waiting for.
You are 100% correct. Continuing to attempt to stick a square peg into a round hole would make no sense at all. The transition is what's needed to make this Company flourish.
I am confident with my investment in the hands of Diane Garrett and the current management team, along with Eric Sprott and AMC.
My mistake on the last post, the information came from the 911 Metallurgist website. All investors should check it out.
I agree, and I"m in for the long run.
Also, everything in my earlier post came directly from the Merrill-Crowe website, however there seem to be someone that know more about their product than they do.
The CEO did not mention that the Merrill Crowe processing facilities are not working, because that is probally not true, but am sure you know more about that than she does (NOT). If the 10 most profitiable gold mines in the free world is using the system, I am sure they know more about the system than you do (professional miner).
I also can see that people are holding on to their stock and are not listening to your professional knowledge. Any true investor would be an idiot to take your advise over the Companies CEO.
Good post SG, For those who did not notice: The CEO stated that they have two Merrill- Crowe process facilities on site. Zinc dust cementation,or MERRILL-CROWE presipitation is the most widely used method for gold and silver recovery, Because of its simple and efficient operation. The MERRILL-CROWE process is currently used at the 10 largest gold producing mines in the free world, all of which are in South Africa This process is attractive for use at new mines where the ore exhibits a high silver to gold ratio. Ore with high silver values present signiificant problems to carbon absorption curcuits (heap leach), because the silver causes high carbon stripping requirement which maybe economically prohibitive. Several of the existing operations using MERRILL-CROWE presipitation actually exprienced higher silver recoveries than gold.
One other advantage to the zinc cementation system is that once dynamic equilibrium (steady state) is reached in the process, relatively few people are required for operation and maintenance (i.e only simple valve operation and meter reading task are required).
Sorry Trader, I made a mistake on the Z warrants. I was thinking about the W warrants with stike price of $11.50 and the L warrants at $10.50.
No, Diane Garrett did not say anything about any warrants. I was referring to her bullishness about the company and the high demand for silver. This will be like rocket fuel for this stock.
Those investors must have seen the CEO bullish post on twitter yesterday and are expecting the Z warrants to pay off. So do I, and good luck to everyone holding them.
Check out Diane Garrett post about silver on twitter yesterday.
A stock have to trade below a $1 for a month before it is delisted. I seriously don't think that will happen with this stock. More scare tatics and mis-information.
Personally I would not mind if the shorts and bashers take the stock down to a $1.03 a share again, so I can double down and decrease my cost basis. One dollar will be defended just like it was the last time it reached near that level.
"I suspect Sprout is playing the long game" So are most other investors in this stock. I can tell from the low number of shares bought and sold each day, most INVESTORS are doing the samething. A tried and true way to riches.
More mis-information:, In november they laid off 109 workers from a 209 member work force. That leaves a 100 member work force. That is how they are continuing to process ore from the leach pad. The gold and silver reported on the last 10k did not just magically appear out of thin air.
The company raised nearly 200 million dollars in March and that gave them the funds to complete the mill for the POX leaching process, which yields more gold and silver from the type of ore at the Hycroft mine. We will be able to see if that mill is working on the next reporting date.
When the milling operation is fully in place, the mining will restart. It would make no since to have vast amounts of mining equipment sitting around not being used. They have enough ore on the exiting leach pad until then.
By the way, most of the large mining equipment is leased not owned.
As I stated before, I had already purchased the # of shares that i wanted before I introduced myself to this message board. Bear chatter gave me the opportunity to do that. At this point you and compatriots knowing what I'm doing is no concern to me.
Sometimes more is better if you think you're right
Also, investing in this this stock will not make me or break me. I really feel that this is a great opportunity and will continue alone the same path. It is not stupidity or greed, it's investing. You win some and you lose some. Sorry for your loses.
I only made comments on this message board when i reached the # of shares that I wanted to purchase. The stock is trading less than 6 million shares a day taking it down 11 or 12 cent a day every morning.
That is convincing me to purchase more shares and lower my cost basis "Keep up the good work"
You don't buy it, however many of the long holders of the stock do. I love all of the bashers and shorts because they continue to let me lower my costs basis ($1.30 a share).
The stock is trading less than 6 million shares a day. That alone tells me that the shorts are about to tap out soon. Keep up the good work.