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$100 Billion market cap for HYMC?????? That’s pretty good for a small non producing mine in Nevada, since Rio Tinto, the world's second largest metals and mining corporation has a market cap of $174 Billion. Just WOW!!!!!!!
The only people who made bank on this scam were Jason Mudrick and his buddies, who set up the SPAC. It's disgraceful how he schemed with Aron Adams to rope some of the moron meme stock crowd into this piece of crap.
At first, AMC didn't make sense to invest in a non-producing gold mine without a feasibility study, as AMC was so debt-burdened and cash-strapped. After a bit of digging, it became clear what they had done. As long as Adams didn't take any kickbacks, It wasn't illegal, but it was undoubtedly morally bankrupt.
These people are not the apes' friends.
$150 pps would give HYMC a market cap of nearly $3.2B. Someone is smokin the good stuff.
HYMC is not producing any gold or silver.Their last quarterly report shows they ripped through nearly 1/4 of their cash reserves in just one quarter.
HYMC's Debt-to-Equity is ranked worse than
99.54% of 1307 companies
in the Metals & Mining industry
Industry Median: 0.12 vs HYMC: 11.46
This company is not mining for precious metals, it’s mining for fool investors.
Why would AMC dump investors money on a scam mine when AMC is fighting bankruptcy? Answer: It was payback.
The connection between AMC and Hycroft is purely to use meme investor’s money to delay bankruptcy for both companies. HYMC was taken public through its merger with blank-check company (SPAC) Capital Acquisition Corporation in May of 2020. That business is tied to investor Jason Mudrick, whose investment firm Mudrick Capital Management injected $100 million into AMC in December of 2020 to help the theater chain avert bankruptcy. AMC’s CEO returned the favor by selling new AMC shares at meme hysteria inflated prices to buy stock in HYMC this reaped a $56 million dollar infusion keeping HYMC afloat and to bring in inexperienced investors that have zero understanding of how mining investments function.
Get your AMC rebranded popcorn and watch the fleecing of the morons by both AMC and HYMC. AMC and HYMC are the real criminals in all of this.
$150 pps soon for a non producing mine in the exploration stage, is the dumbest thing I’ve read today. And today is the day I read an idiot politician claim the recent earthquake in NY and todays solar eclipse is a warning from god, and an idiot talk show host blamed the same events on global warming. This mine is a total scam.
You Keep Using That Word, I Do Not Think It Means What You Think It Means
Google lens is a great tool to root out liars. The photos you claim all came from the mine site doesn’t pan out. The first one I spot checked was the pouring operation which is a photo from an article about Kyrgyzstan's Kumtor Mine. I also loved the waste treatment plant photo you claim is from the mine site. Is that how they process the crap coming out of the grifters pushing this scam? Hycroft bag holders are terrified!!!!!!!!
You don’t seem to have the knowledge or background to understand how speculative and forward looking the companies statements are. You calling ANYONE “uneducated” is laughable.
It depends on your definition of “soon”. Baring any extraordinary event, their cash on hand and current burn rate should allow them to tread water until July/August time frame, then they will need to release another glut of new shares just to keep the lights on, and if history repeats itself that’ll drop the share price below $2.00. Then “lather, rinse and repeat.” With no possibility to pay down much debt, the creditors have to be getting VERY nervous.
A mining startup is nothing more than a hope or a scam until there is a bankable feasibility study. Where is a link to their feasibility study?
Plus they are currently liquidating much of the equipment for pennies on the dollar that the CEO claims is worth over a billion dollars (if new).
Now be true to form and call me a liar and post more of the same unquantifiable general statements from the company, and unrelated memes that prove nothing. I love all of the stock construction photos you post that have nothing to do with this mine.
The facts are this is a non-producing mining operation, with nothing more than a few drill holes. Before it can be determined if they can be a profitable operation it will take $10s of millions of dollars worth of additional core samples. Then they will need an additional $10s of millions of dollars for a bankable feasibility study. After drilling and producing a study they will need to pull together a $1-$2Billion dollar financing package of both debt and equity funding for construction based on the feasibility study. If determined to be feasible this company is approximately $100 million dollars and several years away from production.
My opinion is that the ore grades for both gold and silver to date are less than impressive, and I doubt they will be able to show profitability as it sits today. Additional drilling may turn that around, but with todays data it looks bleak. That’s probably why they are selling off assets. They have to pay those executive salaries as long as they can.
AMC social media is better than any sitcom I’ve ever watched. You know what’s going to happen April 15th????? NOTHING!!!! Just like all of the other dates thrown out by the Ape’s puppet masters on YouTube and Twitter. AMC, GME and the other meme stocks are simply failing companies with conspiracy minded followers being led to the slaughter by shisters on social media.
Oh, and NO ONE wants or needs your shares. We are just here for entertainment, and to point out the phony numbers and lies being spoon fed to the investment world’s equivalent of QAnon.
It’ll be a sad day when the last meme stock goes bankrupt. It’ll feel like the day Robin Williams died.
Post 1:10 reverse split, AMC’s cost per HYMC share is $11.93. Todays HYMC share price is $3.65, and the warrants are so far out of the money it’s ridiculous. Factor in that even if HYMC was producing they have no synergies with AMC this investment is boneheaded beyond belief. It’s big alright; a big FUBAR.
Fresh shares hit the market, apes put in low ball orders, then cry that “Shorts” are driving down the price. I just can’t take my eyes off this tragic comedy.
Don’t you know, this is not about making money. It’s about fighting an imaginary foe committing imagined crimes. The entertainment value of meme stocks is priceless.
I don’t think Aron Adam has done too bad of a job. He has had severe headwinds since he took over, and has done a descent job keeping AMC out of bankruptcy. The company took on massive debt to become the worlds largest theatre chain just as the overall theatre market started to decline, then COVID hit and severely increased their already crushing debt level.. Adam has had limited levers to pull but has still kept the ship afloat. The only thing he’s done that makes zero sense is investing in a non producing mine that doesn’t even have a feasibility study. Everything else he’s done isn’t too bad.
Massive layoffs and store closings just to eke out a microscopic profit. Dying retail all looks the same. Whether it's KMart, Bed Bath and Beyond, or Sears doesn't matter. At least Sears had sellable value in the Craftsman name and real estate they could sell to extend the process of failing. How long until we see GMEQ?
LOLOLOLOLOL!!! “They should be the darling of the stock market” With an endemic $7M profit on $1.7B revenue?????? What’s that a .04% profit margin? There is something seriously wrong with this guy.
Thank you for your posts. The entertainment value is just off the charts.
Good luck to you in your next endeavors.
Shorts are doing great. The only battle relating to AMC is staying solvent. Apes lost their battle when they didn’t sell during the big run-up. Apes are upside down to the tune of over 90%. The only thing they can do is hang on and pray to the deity of their choice. AMC may survive, crazier thing have happened, I just can’t see a way this company can survive without wiping out the current share holders.
There is a next to zero chance of MOASS. The mid-2021 meme squeezes were a BIG wake up call to the institutions. They are not nearly as reckless shorting as they were pre-2021.
Where is the money coming from to pay dividends????? They don’t even make enough to cover operating expenses and service their debt. The upcoming earnings call will reveal a loss of between $100,000,000 and $250,000,000. The only way to cover operating costs and service debit will be by selling more shares, and every time that has happened the share price has taken huge hits. Judging from the last dilutive share releases the hit will be a decline in share price in the range of 10-30%. Factor in that the impact of the Hollywood strikes hasn’t truly been felt, the future looks bleak. Debt default and bankruptcy are not only still on the table, but looking more likely. The best chance of saving this poor beast will be to dilute and reverse split the current shareholders to oblivion.
If AA is straight up he will address the realities of what it will take to cover operating expenses and service the debt for the near and long term.
Barbie grossed $1.4 Billion and is ranked at #15 all-time grossing films. Oppenheimer came in at #66 with a gross of $.96B. Even with two of the best grossing films of all-time in the same quarter, AMC still lost money, mostly due to the burden of servicing their debt. They have released a lot of new shares to try to buy down debt, but it has barely made a dent. Unless a miracle occurs this company is likely toast. The chance of a squeeze is very unlikely after the reverse split and the relatively low amount of short interest.
I can see why the holders that bought in near the top would not sell. With 98% of the value of their investment gone, unless you need a tax deduction why not hang on and hope for a miracle.
Covid was 2020/2021. AMC’s woes go back to 2012 when Chinese conglomerate Wanda Group acquired AMC Theaters. Wanda Group grew the company rapidly but took on extreme debt during the growth. Excessive indebtedness and declining theatre attendance caused the company to consistently lose money starting in 2016. Covid shutdowns caused additional debt and amplified their business problems. The Wanda group sold most of their shares in 2021 at crazy high ape-driven share prices. Wall Street doesn’t like failing companies, so the share price keeps dropping, not hedges, shorties, or whatever conspiracy YouTubers and Reddit posters can make up. The stock market is near all-time highs. The share price of profitable companies does well on Wall Street.
AMC’s debt to equity ratio is -1.865. So the company’s debt is nearly twice the value of all assets. Operating expenses and servicing the debt more than wiped out the last reported quarter’s record revenue. AMC’s last profitable year was 2018 and then they only netted $53M. For 2017 they lost $487M. This thing hasn’t been a money maker since 2016. Anyone that understands the basics of business fundamentals can see this thing’s balance sheet is a total train wreck. They only way to delay bankruptcy court is selling massive amounts of shares and additional reverse splits to avoid delisting. I can’t say bankruptcy is eminent, but it doesn’t look good.
Imagine if you will a world where investors lose every battle while waging an imaginary war based on conspiracies and misconceptions—a world where debt, losses and bankruptcy are ignored. Imaginary shorties, hedges, and shills are blamed for a company's diminishing market and horrible balance sheet. Welcome to the second season of “Where did my shares go?”. Season 2 picks up with investors still in denial after the incineration of their BBBYQ shares and clinging to their failed beliefs. Will season 2 reveal who is next? Will it be GME, AMC, or BOTH? Cast off all logic and reason, for you have entered the AMC Zone.
Why is there such a divergence between AMC’s market cap and enterprise value? It’s the DEBT!!!!!! Massive debt, destroying any hope of profit. Enterprise value is a calculation used to indicate what it would take to acquire the assets of a company, including taking on the debt. Market cap is a simple calculation of share price x number of shares. Enterprise value is market cap + debt - cash. An enterprise value of 9x market cap is a massive red flag.
Wow!!! Down 99% from its highs. That’s what is expected from a company that hasn’t had a profitable year since 1998. The only way AA has keep the lights on is accumulating debt and now that additional debt is no longer available their only tool is reverse splits and dilution. They just had a record quarter for revenue but still lost money due to the massive debt load they carry. How will they right this sinking ship? Load up on AMC popcorn this is gonna be better than any movie release.
From WSJ: Citadel Is Handing Back About $7 Billion in Profits to Clients
Ken Griffin’s hedge-fund firm performed better than peers in 2023 with a nearly 15% return for its flagship fund.
While AMC’s record revenue resulted in a loss. Who is winning?
I’ve never seen any legit evidence of fake shares, and shorting is no longer an issue with AMC. The company needs to focus on generating profits and blocking out the noise. I like the fact they are addressing their debt crisis and not kicking the can down the road. I’m far from bullish, but I think they have a shot at a turn around.
Don’t forget they need that $700M for operations. I was also surprised they released those shares this morning, but I think it was a good decision for the long range health of the company and true longs. It may have screwed over some day traders, but I think it was good call.
I’m sure the timing was heavily discussed in the AMC Executive War Room. I can see the logic in the timing of the release. If the share price stabilizes here or even returns to its previous trading range. I’d say they made the right call. The last release of shares caused the share price to plunge drastically and still hasn’t recovered. Time will tell.
In the last quarter, AMC proved they could put butts in seats; now, they need to prove they can profit from said butts. The only way they can turn a profit is to reduce their debt burden. They can fund growth and generate real investor value if they become profitable. Selling new shares will be painful, but it is the only path to profitability. I like that AA bit the bullet and made the tough decision to release shares at a time of strength. This timing will reduce the amount generated slightly but is most likely the best way to limit the damage.
It appears to me the timing was designed to minimize the damage instead of maximizing the return. That should tell everyone where the executives heads are.
Impressive revenue beat. The 4th quarter should be decent thanks to concert films and with cash on hand, possibly staving off additional dilution. What happens in 2024 when the writer's strike is felt?
I never received an answer yesterday, so I’ll ask again. Has anyone asked what role Kehler or Maselli are playing for the company?
Another question I have is what happened to the Feasibility Study referenced in the Niocorp/GX merger presentations. Wasn’t it expected several months ago? I can’t find where it ever dropped.
Does anyone know what role Kehler or Maselli are playing for the company other than filling their pockets with stock? I can’t find anything other than Kehler lurking in the background in pictures and one now cringe-worthy talk he gave to a nearly empty room somewhere in Nebraska.
Duke, What are your thoughts on how are those guys are still operating? Their failures are spectacular and well known. I’ve always been under the belief that bad actors in the financial world are eventually disgraced and fade away. These Drexel guys have kept going for decades.
That was a good call by your father. You may have left money on the table, but your integrity remained.