Hycroft Mining Holding Corp (HYMC)

[hyct_investor]

Scenario 1: (no dilution)
Considering original # of shares with no further dilution, if price of underlying stock is $8.40 and as our current warrant strike price is $8.40. Cashless exercise get no money. ZERO.

Scenario 2: Diluted two time, number of warrants = 10000 * 2 = 20,000
Price of underlying stock is $8.40 and our current warrant strike price is ($8.40/2 = $4.20). Cashless exercise:
X = $4.20 ($8.40 - $4.20) * 20000 = $84,000

These are all very high speculations, stock price will correlate with revenue and profitability. Which means, stock hitting $8.40 is very low probability, all we know, stock price could be $1.00, $2.00 and our warrants will still trade with few pennies to provide optionality against the stock.

In current market condition, there are many great mining companies with dividend still has very low stock price and overall valuation. Let us not get excited and start promoting everyone to buy the warrants, without understanding every details of this company, these are not devils activity (similar to our friend Randy).