Hycroft Mining Holding Corp (HYMC)

[LouisDesyjr]

Market cap

It looks like the market cap is showing so low is because the last reported trade was $0.0001 per share.

In theory it should be possible to exercise the warrants, even with the common shares lower than the exercise price; BUT some of the language on the new issued common and warrants have restrictions on their trading. One section on the warrants even seem to give the company the right to decline to allow the warrants to be exercised if it would increase the number of common shareholders.

The best outcome would be if something happened where the company wanted the warrants to be exercised so they would get more paid in capital.

One of the prior postings with the Canada Sedar document has sections in that which say how many shares and warrants there are plus the amount of first lien and second lien notes.

I did note from that filing that it does not look like the company left the Chapter 11 with much in the way of cash, it looked like something on the order of only a few million.

Louis J. Desy Jr.


Louis J. Desy Jr.